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Company Overview

Lydian Armenia CJSC is a mining company registered in the Republic of Armenia, which has the required permits to operate the Amulsar Gold Project. Lydian Armenia (previously Geoteam) was founded in 2005 and after significant geological exploration activities, delineated the Amulsar Gold Mine. Amulsar is the first gold deposit discovered after Armenia’s independence. Lydian Armenia is a 100% subsidiary of Lydian Canada Ventures owned by the US firm, Orion Mine Finance and Canadian firm, Osisko Gold Royalties, who both invest in mining and mineral sectors.

Lydian Armenia commenced environmental studies for the Amulsar Project in 2008. Lydian’s Environmental and Social Impact Assessment documents (EIA and ESIA) are unprecedented in Armenia in terms of their volume and quality. The company has spent over 6 million USD only on the compilation of these documents, involving reputable international and local scientific institutions (Wardell Armstrong InternationalGolder AssociatesGlobal Resource EngineeringTreweek Environmental ConsultantsEnvironmental Resource ManagementLUC and RA NAS Institute of Botany, RA NAS Scientific Center of Zoology and Hydrology, etc.).

The Company policy complies with IFC and EBRD Performance Standards and Requirements.