Luke Judge

Demand of gold has increased globally. It was estimated in 2008 that 70 percent of the demand is from Middle East, East Asia and Indian sub-continents. 55 percent of gold demand is by countries like India, Turkey, USA, China and Italy. These markets are influenced by cultural and socio-economic condition, which produce new patterns of demand.

Jewellery continuously covers two-third of the demand. In the whole year 2008, approximately 61 billion US dollars were amounted in jewellery manufacturing. It was found that the largest market of gold jewellery in the world is USA, and India is the largest consumers of gold, approximately 23 percent in terms of volume. The demand of Indian gold is supported by cultural and religious traditions.

It is confirmed that there has been a significant demand in investment sector, and it is constantly increasing in present times. There is a very high volume of gold in investment sector and it is very difficult to estimate the exact figures of gold demand for investments. Investment in gold has been one of the major reasons for the continuous growth and expansion of gold, especially from the last 5 years. Approximately, more than 412 percent of increase in demand of gold is calculated because of the investments in gold.

There are plenty of reasons for the people, individuals or organizations to look forward to invest in gold commodities. People purchase gold on lower rates and wait until the growth in demand shortens the supply eventually. This is the major reason for the increased demand of gold, and it provides a reasonable profit margin to the people.

According to reports of United Nations, about 10 percent of the population of the world is now over the age of 60 years. Further, it is estimated that at the middle of the present century, this percentage will be doubled. Whatever the circumstances will be, people having gold would be a blessing in disguise; they can trade it whenever they are in crisis. During inflation cycle, it is always wise to have some of your savings invested in gold. Investment in gold by the retired people enhances the gold market.

Gold has the ability to ensure people from uncertainty and instability and risks. Gold provides safeguard to the investors against the economic crisis and currency variation. Presently, people prefer gold investments rather than purchasing or keeping their precious savings. In the form of dollar or other currencies, presently, we have seen that dollars and yen have been fluctuating since 2008. Investment perspectives of people are shifting towards gold.

Investment can be done in many ways; it depends on the individuals and organizations as to what type of combinations they choose from the available options. In 2009, consistently rise in the gold prices has created high-attraction for the individuals and investors.

Stock markets are fluctuating due to global recession. People who invested on stock markets have bared huge losses and now those people are in deep troubles. Therefore, stock market is not the suitable place for the people who are seeking directions for investments. Due to this factor, investors are increasing in the gold markets.

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TORONTO, ONTARIO, Apr 23, 2010 (MARKETWIRE via COMTEX) –Lydian International Limited (“Lydian”)(TSX: LYD) ispleased to announce that it has completed closing of its previouslyannounced purchase from Newmont Overseas Exploration Limited(“Newmont”), a subsidiary of Newmont Mining Corporation /quotes/comstock/13*!nem/quotes/nls/nem (NEM 53.39, +0.29, +0.55%) , all of Newmont’s interest in the joint venture betweenLydian and Newmont known as the Caucasus Venture, including all ofNewmont’s interest in the Lydian discovered Amulsar gold property inArmenia. Lydian’s 95% owned subsidiary, Geoteam C.J.S.C. now holds100% of the Amulsar gold property. In accordance with terms of thetransaction, on closing the Caucasus Venture was also terminated andLydian and Newmont now jointly own all regional prospecting datacollected by the Caucasus Venture across Armenia during the last fouryears.

On the closing of the transaction, Lydian issued three millionordinary shares to Newmont and made the first installment payment ofUSD$5 million owing to Newmont in accordance with the purchaseagreement that is described in detail in Lydian’s press release ofMarch 1, 2010.

“The recently announced financing and the purchase of Newmont’sinterest in Amulsar and the Caucasus Venture are defining moments inthe history of our company,” said Tim Coughlin, Lydian’sPresident and CEO. “We are now outlining the Amulsar drillingprogram for this year which will comprise four drill rigs aimed atfollowing our higher grade zones, expanding the current 1.4M Oz goldresource, which remains open in all directions, and on developing newand exciting targets such as the Erato and Arshak areas. Drilling isplanned to commence on June 1st with our first results expected to bereleased by early to middle July.”

About Lydian International

Lydian is a diversified mineral exploration and development companywith expertise employing “first mover” strategies inemerging exploration environments. Currently Lydian is focused onEastern Europe developing advanced precious and base metal assets inArmenia and in Kosovo (under UNSCR 1244). The two main projects aregold at Amulsar in Armenia, and zinc, lead, silver and gold atDrazhnje in Kosovo. Lydian also has a pipeline of promising gold andbase metal exploration projects in the Caucasus and Balkans regions.

Lydian’s management team has a track record of success in grassrootsdiscovery, in acquiring and developing undervalued assets, and inbuilding companies. Lydian has a strong social agenda and a uniqueunderstanding of the complex social and political issues thatcharacterize emerging environments. The Company’s largestshareholders are the International Finance Corporation (IFC), amember of the World Bank Group, Newmont Mineral Holdings B.V. (ownedby Newmont Mining Corporation), and the European Bank forReconstruction and Development (EBRD). More information can be foundon Lydian’s web site at lydianinternational.co.uk.

Forward-Looking Statements

This press release contains forward-looking statements regarding theproposed offering and the use of proceeds. The words”expected”, “intends”, “will” andsimilar words and expressions identify the forward-lookingstatements. These forward-looking statements involve known andunknown risks, uncertainties and other factors, which may cause theactual results or developments to differ materially from thoseexpressed by the forward-looking statements. These risks,uncertainties and other factors include, but are not limited to: ourfinancial condition and operations, market metal prices, currentglobal financial conditions, and regulatory approvals.Forward-looking statements are necessarily based upon a number ofestimates and assumptions that, while considered reasonable bymanagement at the date of such statements, are inherently subject tosignificant business, economic, social, political and competitiveuncertainties and contingencies. The material factors and assumptionsthat were applied in making the forward-looking statements in thispress release include but are not limited to: up to C$12 millionbeing sold by the underwriters, entering into of an underwritingagreement, being able to obtain all necessary regulatory approvalsand the offering being completed. For additional information withrespect to risks, uncertainties and assumptions, please also refer tothe “Risk Factors” in the preliminary short form prospectusdated March 25, 2010 filed on SEDAR at sedar.com under Lydian’sprofile. These forward-looking statements are made as of the date ofthis press release only and Lydian does not assume any obligation toupdate or revise them to reflect new information, estimates oropinions, future events or results or otherwise, except as requiredby applicable law.

Contacts:Lydian International LimitedSteve SmithInvestor Relations Manager+44 (0) 1534 715 472 or Cell +44 (0) 7829 848 420info@lydianinternational.co.uk

SOURCE: Lydian International Ltd.

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