News Toronto, Ontario, August 14, 2019 – Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”)
announced today that the Special Investigative Committee of the Republic of Armenia (the “SIC”) has released the
report provided to the SIC on August 7, 2019 on the environmental audit conducted by Earth Link & Advanced
Resources Development on the Amulsar Project (the “Audit Report”).
Copies of the Audit Report are available in English and Armenian at:
https://investigative.am/en/news/view/amulsarporcaqnnutyanezrakacutyun.html
In addition, Mr. Yura Ivanyan, Head of the Department for Investigation of Corruptionrelated Property Crimes
and Cybercrimes of the SIC, said today during an interview on live television in respect of the Audit Report that:
“Besides, I must state that the investigative body has analyzed the information and findings provided by the
international audit report and found that there are no grounds for criminal prosecution and continuation of
criminal proceedings.”
Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been
made public, as the Government of Armenia has repeatedly conditioned Lydian’s ability to advance the Amulsar
Project on its results. We look forward to reading the full text of the Audit Report and are confident it will confirm
Lydian’s prudential approach to environmental stewardship. We are also heartened to know that there are no
grounds for criminal prosecution or the continuation of criminal proceedings against Lydian relating to the Audit
Report.”
Mr. Sellers continued: “It has been a tough year for many thousands of direct and indirect stakeholders in the
Amulsar Project. We want to thank our employees, contractors, suppliers, communities, lenders, shareholders
and other supporters who believed in Lydian throughout the process.”
Lydian has always stressed that it operates in Armenia in accordance with its mining permits, which were granted
based on a comprehensive Environmental Impact Assessment approval process. Nevertheless, Lydian’s Amulsar
Project has been subject to three fullscale environmental audits since July last year. Lydian has fully cooperated
with all audits.
The Government of Armenia has previously indicated it would be ready to conclude on the Audit Report this week.
About Lydian International Limited
Lydian is a gold developer focused on construction at its 100%owned Amulsar Project, located in southcentral
Armenia. However, illegal blockades have prevented access to Amulsar since late June 2018. Amulsar is expected
to be a largescale, lowcost operation with production targeted to average approximately 225,000 ounces
annually over an initial 10year mine life. Estimated mineral resources contain 3.5 million measured and indicated
gold ounces and 1.3 million inferred gold ounces as outlined in the Q1 2017 Technical Report. Existing mineral
resources beyond current reserves and open extensions provide opportunities to improve average annual
production and extend the mine life. Lydian is committed to good international industry practices in all aspects of
its operations including production, sustainability, and corporate social responsibility. For more information and
to directly contact us, please visit www.lydianinternational.co.uk.
For further information, please contact:
Edward Sellers, Interim President & CEO
+3 7410546037
Bill Dean, Chief Financial Officer
+1 7203075089
Or: moreinfo@