www.lydianinternational.co.uk
Lydian International is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings. The Company is currently focussed on developing its Amulsar gold discovery in southern Armenia. The Amulsar project was a new discovery made by Lydian in 2006 and currently hosts a global resource of 3.2M ounces after its resource update in January 2012. This resource update comprises a total of 1.7 million ounces gold in the indicated category and 0.6 million ounces gold in inferred category (using a 0.4g/t cut-off) from the contiguous Tigranes and Artavasdes areas and 0.5 million ounces gold in the indicated category and 0.4 million ounces inferred category from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes. The project remains open in all directions and is currently advancing towards Bankable Feasibility with full production due in the first half of 2014.
Lydian acquires option to purchase remaining 5% of subsidiary
Eastern Europe-focused gold explorer Lydian International (TSX: LYD) said Friday it has acquired the option to purchase the remaining 5% that it does not already own in its subsidiary, Geoteam, which holds Lydian's Amulsar gold property in Armenia.
The acquisition will give Lydian 100% ownership of Geoteam, for a purchase price of C$500,000 in cash and 2.0 million Lydian ordinary shares.
The company said the shares are issuable in eight equal installments of 250,000 beginning on December 31, 2010, the closing date of the purchase.
Aside from the Amulsar group of licenses, Lydian also has a pipeline of early-stage gold and base metal exploration projects in the Caucasus regions.



















