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Announcement

Lydian International Limited is pleased to announce it has disclosed an amended Environmental and Social Impact Assessment (“ESIA”) for its 100% owned Amulsar Gold Project. The amendments reflect project improvements realized from Lydian’ successful 2015 value engineering program (see Lydian’s news release, dated November 25, 2015).

An English version of the amended ESIA is available on Lydian's website at www.lydianinternational.co.uk.  Armenian and English versions can be found on the website of the Company’s Armenian subsidiary, Geoteam CJSC, at www.geoteam.am. Digital and hard copies are also available at the Amulsar Information Center located at the project site and in the Geoteam office in Yerevan. The amended ESIA replaces the previous ESIA for Amulsar that was first publically disclosed in May 2015. Geoteam will now commence a public consultation period and then disclose a final ESIA that incorporates input received.

A public consultation event will be held on May 31 in the community of Jermuk followed by consultation events for stakeholders in Yerevan on June 1 and 2. 

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