TORONTO, January 10, 2008 – Lydian International Ltd. (formally Dawson Creek Capital Corp.), a diversified U.K. mineral exploration and development company, announces that as of today, its ordinary shares will be listed and posted for trading on the Toronto Stock Exchange (TSX) under the symbol LYD.
“Lydian leverages its unique capabilities to find high-quality projects in emerging exploration environments,” said Tim Coughlin, President and CEO of Lydian. “Lydian offers investors highly prospective licences granted in Eastern Europe, including a promising new gold discovery in Armenia. We offer a stake in a real exploration company with the potential to make many more discoveries in the near future.” “Our strategy is to advance projects to decision points where our most favoured exit strategy is to seek out a local development partner and retain an equity position in a producing mine,” Tim also stated. “Alternatively we may joint-venture the project to a major, or we could float off an asset and offer it to existing and new shareholders.”
About Lydian International:
Lydian is a diversified U.K. mineral exploration and development company, with expertise employing “first mover” strategies in international emerging exploration environments. The Company is currently focused on Eastern Europe, exploring in the Balkan and Caucasus regions, and is developing advanced precious and base metal assets located in former Soviet Armenia and in emerging Kosovo. Lydian’s management team has a track record of success in grassroots discovery, in acquiring and developing undervalued assets, and in building companies. Lydian has a strong social agenda and a unique understanding of the complex social and political issues that characterise emerging environments.
The Company’s two main projects are gold at Amulsar in Armenia, and zinc, lead, silver and gold at Drazhnje in Kosovo. Lydian also has a pipeline of promising gold and base metal exploration projects in the Balkans region, and operates a 50/50 gold and copper exploration joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation, in the Caucasus region.
Lydian’s two largest shareholders are Newmont Mineral Holdings B.V., and International Finance Corporation (part of the World Bank Group). Lydian’s web site is www.lydianresources.com where more information can be found.
For more information, please contact:
Roderick Corrie Linda Montgomery
Chief Financial Officer Director VP Investor Relations
+44 1249 760 120 416-599-7363 x 2404