MIK

Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company"), a gold-focused
mineral exploration and development company, today announces an independent
updated mineral resource estimate for its Amulsar gold project in Armenia,
prepared by AMC Consultants (UK) Limited ("AMC"). Amulsar is a high-sulfidation
style gold project discovered by Lydian in 2006. 


The Amulsar resource update conforms with CIM (Canadian Institute of Mining,
Metallurgy and Petroleum) "Estimation of Mineral Resource and Mineral Reserves
Best Practices" guidelines and mineral resources are classified according to
"CIM Definition Standards for Mineral Resources and Mineral Reserves" (December,
2005). At a cut-off grade of 0.35 grams per tonne gold, the mineral resources
are estimated at 52.4 Mt at 1.05 g/t Au (1.77 million ounces) of Measured
category resources, 18.1 Mt at 1.02 g/t Au (0.59 million ounces) of Indicated
category resources and 58.0 Mt at 0.93 g/t Au (1.73 million ounces) of Inferred
category resources from the contiguous Tigranes, Artavasdes, Arshak areas and
from the Erato area. A summary of the mineral resource update using various
cut-offs is presented in Table 1. An independent updated silver resource is also
being prepared, which the Company expects will be completed before the end of
March 2013.


TABLE 1 Gold Mineral Resource



----------------------------------------------------------------------------
Gold                                                                        
 Cutoff                                                                     
 Grade,      Combined Measured & Indicated                                  
 g/t               Mineral Resource             Inferred Mineral Resource   
          ------------------------------------------------------------------
                                  Contained                        Contained
            Tonnes (x                  Gold  Tonnes (x                  Gold
                1000)  Gold, g/t     Ounces      1000)  Gold, g/t     Ounces
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
0.40           61,600       1.14  2,258,000     49,900       1.02  1,636,000
0.35           70,500       1.04  2,379,000     58,000       0.93  1,734,000
0.30           81,100       0.95  2,476,000     70,100       0.82  1,847,000
----------------------------------------------------------------------------
1. The effective date of the resource estimate is March 4, 2013.            
2. A cut-off grade of 0.30 g/t gold has been applied to all resources, based
on a gold price of US$1200 per troy ounce of gold and assuming an open pit  
mining scenario.                                                            
3. Figures have been rounded to the appropriate level of precision for the  
reporting of Indicated and Inferred resources in the upper and lower        
volcanic units.                                                             
4. Due to rounding, some columns or rows may not compute exactly as shown.  
5. Mineral Resources in this resource statement are not Mineral Reserves and
do not have demonstrated economic viability. The estimate of Mineral        
Resources may be materially affected by environmental, permitting, legal,   
title, taxation, socio-political, marketing, or other relevant issues.      
Mineral Reserves have been previously reported for this project using a     
prior mineral resource statement.                                           



This updated mineral resource estimate has been developed from an additional
19,867 meters of combined diamond and reverse circulation drilling, which was
completed in 2012 (for a total of 109,650 meters). Resource estimation has been
completed using the geostatistical technique, Localized Multiple Indicator
Kriging ("Localised MIK"). Localised MIK is a form of Multiple Indicator Kriging
("MIK") where the grades are 'mapped' directly into selective mining unit
("SMU") sized blocks from a MIK estimate. Specific gravity measurements were
averaged, with average values applied to appropriate block model units for the
estimation of mineral resources.


The CIM requirement for "reasonable prospects for economic extraction" generally
implies that quantity and grade estimates meet certain economic thresholds and
that mineral resources are reported at an appropriate cut-off grade, taking into
account extraction scenarios and processing recovery. AMC considers that the
Amulsar gold project is amenable to open pit extraction. To assist with
determining a reasonable reporting cut-off grade, AMC considered economic
parameters, including a gold price assumption of US$1200/oz gold, based on which
AMC considers that resource blocks above a grade of 0.30g/t Au show reasonable
prospects for economic extraction from an open pit mine, and can therefore be
reported as a mineral resource.


The Company's newly developed 3D geology model has played an important role in
producing what management believes to be a rigorous and well-constrained mineral
resource estimate based on host-lithology, alteration, and structural controls
to gold mineralisation at Amulsar. The mineralization remains open, with the
possibility to find additional gold resources particularly towards the north,
east and to depth at Erato, Tigranes and Artavasdes, whereas Arshak remains open
along strike towards the south-east.


"This is another milestone in Amulsar's development into what we believe will be
a high-margin, world-class and exemplary gold mine," said Tim Coughlin, Lydian's
President and CEO. "The new geological model has helped better constrain grade
boundaries and continuity and together with this resource update we have
highlighted several areas interpreted to host further and significant gold
resource potential. This resource will be used to estimate reserves in an
updated Feasibility Study scheduled for release in July of this year. A further
resource update based on additional drilling throughout 2013 is scheduled for
release in quarter one of next year." 


The updated mineral resource estimate for the Amulsar gold project was prepared
by Mr. G. David Keller, P.Geo. (APGO#1235) of AMC, a "qualified person", as
defined in National Instrument 43-101. Mr. Keller has reviewed and approved the
contents of this news release with respect to the mineral resource estimates.


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. Drill core is cut on-site and
rock-chips are split to ensure representative sampling. Half core and remaining
rock-chips are stored on-site. On-site personnel log and track all samples prior
to sealing and shipping. Quality control is monitored by the insertion of blind
certified standard reference materials and blanks into each sample shipment. All
resource sample shipments are sealed and shipped to ALS Chemex, an independent
third party. All assay work for the released results was carried out by ALS
Chemex at its analytical laboratory in Rosia Montana, Romania. ALS Chemex's
quality system complies with the requirements for the International Standards
ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are
monitored by the analysis of reagent blanks, reference material and replicate
samples. More information can be found on Lydian's web site at
www.lydianinternational.co.uk.


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.


Caution regarding forward-looking information: 

This news release may contain certain information that constitutes
forward-looking statements. Forward-looking statements are frequently
characterised by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate" and other similar words, or statements that certain events or
conditions "may" or "will" occur and include statements with respect to the
Company's operations, exploration and development plans, expansion plans, the
discovery and delineation of mineral deposits/resources/reserves, geological
interpretations, estimates, expectations, forecasts, objectives, predictions and
projections of the future. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks involved in
the exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological data, fluctuating
metal prices, permitting and licensing and other factors described above and in
the Company's most recent annual information form under the heading "Risk
Factors", which has been filed electronically by means of the Canadian
Securities Administrators' website located at www.sedar.com. The Company
disclaims any obligation to update or revise any forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lydian International Ltd.
Donna Pugsley
Investor Relations
+44 (0)1534 715473 or +44 (0)7797 742800
info@lydianinternational.co.uk
www.lydianinternational.co.uk

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