TORONTO, Ontario, October 17, 2012 - Lydian International Ltd. (TSX: LYD) (“Lydian” or “the Company”), a gold-focused mineral exploration and development company, today announced that Mr. Huw Williams, a Company board director designated by the European Bank for Reconstruction and Development (EBRD), has resigned from the board following his secondment by the EBRD to the European Commission in Brussels. The Company would like to thank Mr. Williams for his valuable contribution and wishes him well in his future endeavours.
About Lydian International
Lydian is a gold-focused mineral exploration and development company with expertise employing “first mover” strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe and, in particular, developing its flagship Amulsar gold project in Armenia. Lydian also has a pipeline of promising early-stage gold and base metal exploration projects in the Caucasus regions.
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 significant shareholders include the International Finance Corporation which is a member of the World Bank Group and the European Bank for Reconstruction and Development. More information can be found on Lydian’s web site at www.lydianinternational.co.uk.
For further information please contact:
Investor Relations Manager
+44 (0)1534 715472
+44 (0)7797 738777