Lydian International Ltd.
TSX : LYD

Lydian International Ltd.

January 14, 2008 13:25 ET

Lydian-Newmont Intersect Gold System at Amulsar

First drill test of gold potential shows steep higher grade structures surrounded by shallow dipping lower grade system oriented parallel to bedding

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2008) - Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced an update on the results of five scout diamond drill holes at its project at Amulsar, Armenia. The project is currently being explored as part of a joint venture with Newmont Overseas Exploration Limited, a wholly owned subsidiary of Newmont Mining Corporation (TSX:NMC)(NYSE:NEM)(ASX:NEM). These results are further to the update on two of the drill holes issued on November 28th, 2007, prior to the company being listed and traded on the Toronto Stock Exchange. New drill test results have revealed that higher grade gold (greater than approximately 3g/t gold) is hosted in steeply dipping oxidised breccia bodies and that lower grade gold (greater than approximately 0.5g/t gold) is hosted in shallowly dipping broadly bedding parallel oxidised structures that surround the higher grade breccia bodies.

Highlights are as follows:



Inter- Average
section Grade
Hole From To (m) Gold
DDA-004 0 40 40 3.426
DDA-004 109 115 6 2.206
DDA-004 117 127 10 0.949
DDA-003 11.8 21 9.2 1.5
DDA-003 27 35 8 2.4
DDA-003 44 48 4 1.636
DDA-003 101.2 104 2.8 2.38
DDA-002 63 69 6 1.131
DDA-001 53 57.2 4.2 1.348
DDA-005 107 118 11 0.679

(0.2g/t cut-off)


"The Amulsar system shares some characteristics with other 'high-sulphidation' epithermal gold systems such as those occurring in the Andes of Peru and Argentina" said Dr. Tim Coughlin, President and CEO of Lydian. "These gold bearing systems are highly variable, quite complex and notoriously difficult to drill out. The fact that we have intersected such good results in oxide material and in the very first subsurface test of this new discovery is highly encouraging. DDA-004 has revealed that higher gold grades are hosted in steeply dipping breccia bodies while drill holes DDA-001, 002 and 003 intersected lower grades in what are interpreted to be shallower dipping bodies oriented parallel to bedding. DDA-005 is an interesting hole as it was drilled some 1.5km to the northwest of the other holes and entirely on a geophysical anomaly, thus extending the known extent of the gold bearing system and confirming the value of the geophysical targeting technique"

To view Figure 1, please visit the following link http://www.ccnmatthews.com/docs/lyd0114.pdf

The Company is planning an airborne geophysical survey and an extensive drilling programme for this year which will aim initially at testing the interpreted "higher grade" fault/breccia part of the system within the northeast-trending structural trend to the southeast of DDA-001 thru DDA-004 (see Figure 1).

Amulsar is a high-sulphidation type epithermal gold project located along a high ridge in central Armenia. The gold bearing potential of the project was identified by Lydian in mid-2006. Rock-chip sampling (more than 20% of grab rock-chip samples returning greater than 1g/t), trenching (best to-date 128m at 1.3 g/t gold), chip channel sampling (best to-date 23m at 8.9 g/t, 12m at 11.9 g/t and 12m at 2.5 g/t) and soil sampling (1 km(2)) where results are higher than 0.1 g/t gold and higher grade soil samples of up to 2.13 g/t gold) have revealed that the gold mineralising system at Amulsar extends over a strike length of some 3.5km and is at least some 500m wide.

About Lydian International

Lydian is a diversified U.K. mineral exploration and development company, with expertise employing "first mover" strategies in 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 (TSX:NMC)(NSYE:NEM)(ASX:NEM), 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.

Dr. Tim Coughlin BSc, MSc, PhD, MAusIMM; Lydian's President and CEO is the Qualified Person overseeing Lydian's exploration programmes. Dr. Coughlin 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 standards. Lydian samples - 2 to 3 kg of rock, rockchip, or drill core per sample. Samples are bagged, labeled, sealed and dispatched to ALS Chemex analytical laboratory in Rosia Montana, Romania. At the Laboratory after fine crushing at less than 2mm (70%), subsequent riffle split, followed by a 1000g split pulverized to less than 75micron (85%), a 50g aliquot is analyzed for gold by fire assay with an atomic absorption spectroscopy (AAS) finish. The remainder is sent by ALS Chemex to its laboratory in Perth (pending registration to ISO 9001:2000) or Vancouver (ISO17025), where the sample is subject to four acid digestion and analysis for 33 elements by ICP-MS (ALS' ME-ICP61 package). ALS Chemex carries out regular checks by duplicating gold analyses for several samples, and by inserting its own blanks and standards as part of its own Quality Management System. Lydian prepares its samples and dispatches to ALS Chemex with inclusion of blanks, duplicates, and three standards with different gold concentrations with random numbering. Directly after drilling Rock Quality Designation (RQD) is measured by prompt logging to define the cumulative length of core pieces divided by the total length of the core run (including any lost or poorly recovered core sections). RQD is an index of rock quality in which a modified core recovery percentage is obtained. Lydian's drill holes dominantly have a core recovery classified as "good" (greater than 75% recovery), "fair" (50-75%) or "excellent" recovery (greater than 90%). Core is placed in core trays with plastic lining to avoid any loss of fine grained material before sampling. HQ core (63.5mm diameter) and NQ core (47.6mm diameter) are cut in half by diamond saw core parallel to the core. Half of the core is sampled every meter or slightly less at apparent lithological or structural breaks in the core.

Forward-looking Information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our future financial condition, results of operations and business. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

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