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16, August 2010

LYDIAN ACCELERATES EXPIRY DATE OF WARRANTS 

Lydian International Ltd. has elected, pursuant to the terms of ordinary-share purchase warrants to purchase ordinary shares of the company at a price of 80 cents per ordinary share and expiring on Oct. 27, 2010 (subject to early termination if the ordinary shares trade above 90 cents for a period of five consecutive trading days), to exercise its right to reduce the period within which the warrants may be exercised, and has sent written notice of acceleration to each of the holders of the warrants. 

The acceleration right was triggered when the trading price of the ordinary shares on the Toronto Stock Exchange was at a price equal to or greater than 90 cents for a period of five consecutive trading days. Warrant holders will be entitled to exercise the warrants until 5 p.m. (Toronto time) on Sept. 17, 2010. All warrants not exercised on or before such time will expire and be of no further force or effect.    

About Lydian International 

Lydian is a diversified mineral exploration and development company with expertise employing “first mover” strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe developing advanced precious and base metal assets in Armenia and Kosovo. The two main projects are gold at Amulsar in Armenia, and zinc, lead, silver and gold at Drazhnje in Kosovo. The Amulsar group of licenses is 95% owned by Lydian’s wholly owned Armenian subsidiary (Geoteam CJSC). Lydian also has a pipeline of promising 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 are the International Finance Corporation (IFC), a member of the World Bank Group, Newmont Mineral Holdings B.V. (owned by Newmont Mining Corporation), and the European Bank for Reconstruction and Development (EBRD). More information can be found on Lydian’s web site at www.lydianinternational.co.uk

Christopher John Bargmann, FGS(C Geol), MAusIMM, Pr.Sci.Nat; is the Qualified Person overseeing Lydian's exploration programs. Mr. Bargmann has supervised the preparation of the technical information contained in this press release. 

Lydian employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting  2standards. All assay work for the released results was carried out by ALS Chemex analytical laboratory in Rosia Montana, Romania. More information can be found on Lydians’s web site at www.lydianinternational.co.uk.  

For further information please contact: 

Steve Smith

Investor Relations Manager
+44 (0)1534 715472
+44 (0)7829848420  
info@lydianinternational.co.uk 

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Company Offices and Contacts

Investor Relations - Global
1st Floor
Capstan House
La Route Es Nouaux
St. Helier Jersey
JE2 4ZJ
Channel Islands

Tel: +44 1534 747 890
Mobile: +44 7829 848420

Email:
lucy.fowler@lydianinternational.co.uk

Head Office
1st Floor
Capstan House
La Route Es Nouaux
St. Helier Jersey
JE2 4ZJ,
Channel Islands

Tel: +44 1534 747 890
Fax: +44 1534 758 708

Email:
andy.mcnally@lydianinternational.co.uk

Toronto Office
34, King Street East
9th Floor
Toronto
Ontario
M5C 2X8
Canada

Tel: +1 416 504 8001
 

Email:
info@lydianinternational.co.uk

Operations Office - Armenia
37 Hanrapetutyan Street
4 floor
Yerevan 0010
Republic of Armenia
Website: www.geoteam.am


Tel: +3 741 058 6037
Fax: +3 741 054 6037

Email:
hayk.aloyan@lydianinternational.co.uk

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