EDITOR: | May 22nd, 2013

Lydian International Announces Results of Voting for Directors at Annual and Special Shareholders’ Meeting and Resignation of Director

| May 22, 2013 | No Comments
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May 22, 2013 — TORONTO, ONTARIO (Source: Marketwired) — Lydian International Ltd. (TSX:LYD) (“Lydian” or “the Company”), a gold-focused mineral exploration and development company, is pleased to announce the results of the vote on directors at its annual and special meeting of shareholders held on May 20, 2013.

Each of the nominee directors listed in the Company’s Management Information Circular dated April 22, 2013 was elected as a director, without a vote by ballot being conducted. The Company received proxies with regard to voting on the seven directors nominated for election, directing as set forth in the table below:

Vote For Withold Vote
Name of Nominee Number % Number %
Gordon Wylie 35,288,882 69.0330 15,829,955 30.9670
Dr. Timothy Coughlin 50,743,593 99.2659 375,244 0.7341
Roderick Corrie 35,287,882 69.0311 15,830,955 30.9689
Marc C. Henderson 34,489,497 67.4693 16,629,340 32.5307
Dr. Geoffrey P. Cowley 50,728,593 99.2366 390,244 0.7634
Dr. Armen Sarkissian 50,727,993 99.2354 390,844 0.7646
David Woodall 50,728,093 99.2356 390,744 0.7644

The formal report on voting results with respect to all matters voted upon at the meeting will also be filed on the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

The Company also announces that, following the Company’s annual and special meeting of shareholders, Dr. Geoffrey Cowley has resigned as a director of the Company and that he will continue to provide services to the Company as a contractor. The Company’s board of directors expects to fill the vacancy created by Mr. Cowley’s resignation as a director with a director nominated by the European Bank for Reconstruction and Development, a significant shareholder of the Company.

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.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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