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Lydian Intersects 77m At 2.3g/t Gold At


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Gold mineralization now intersected in drill holes over 700m strike distance with potential to extend in all directions

TORONTO, ONTARIO, Jul 30, 2008 (MARKET WIRE via COMTEX) -- Lydian International Ltd. (CA:LYD: news, chart, profile) , a diversified U.K. mineral exploration and development company, today announced results from further drilling at its Amulsar gold discovery in Armenia. Results from a further 7 holes have been returned (See Table 1 below). All drill holes returned gold intersections greater than 1g/t gold but best results were RCA-010, 77m at 2.3g/t gold (including 16m at 3.6g/t gold and 29.2g/t silver), DDA-007 with 63m at 1.1g/t gold, RCA-011 with 18m at 2.0 g/t gold and RCA-012 with 22m at 1.0g/t gold. Drill hole locations relative to surface rock-chip geochemistry are provided in Figure 1 in Appendix.

TABLE 1, Interim Results from Drilling at Amulsar

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Total Depth From To Intersection Gold Silver

Drill Hole Dip Azimuth (m) (m) (m) (m) (g/t) (g/t)

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DDA-007 -60 290 125.8 2 65 63 1.06

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92 98 6 1.20

RCA-007 -60 300 150 ----------------------------------------

122 128 6 1.00

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RCA-008 -70 120 106 64 68 4 1.22

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80 89 9 1.22

RCA-009 -60 120 150 ----------------------------------------

97 104 7 1.45

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RCA-010 -70 120 100 23 100 77 2.30

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Including 54 70 16 3.63 29.2

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0 12 12 1.77

RCA-011 -70 120 150 ----------------------------------------

126 144 18 2.03

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58 61 3 2.68

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RCA-012 -80 120 150 92 114 22 1.00

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126 128 2 1.44

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Cut-off 0.2g/t gold, maximum down-hole internal dilution 11m

All intersections are oxide gold, not true widths

"Gold mineralisation at Amulsar has now been intersected in drill holes over a 700m strike distance with potential to extend in all directions," said Tim Coughlin, Lydian's President and CEO. "We have been drilling on wide-spaced centres and on only one of the three obvious areas for drill testing at Amulsar. We are now closing in the drill grid enabling us to develop resource estimates with one drill rig, while stepping out with the other to define the outer limits of the known system and test other targets on the project"

Amulsar is a high-sulphidation type epithermal gold project located in central Armenia. Lydian identified the gold bearing potential of the project in mid-2006. The Amulsar license is 95% owned by Lydian's wholly owned Armenian subsidiary (Geoteam CJSC) and 5% owned by that Company's local director. 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 (CA:NMC: news, chart, profile) (NEM:

Newmont Mining Corporation

News, chart, profile, more

Last: 43.59-1.12-2.51%

4:20pm 08/08/2008

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NEM 43.59, -1.12, -2.5%) (ASX: NEM). The joint venture is a 50%-50% contribution. Newmont has two options to increase its interest. The first is an option to earn a further 20% by funding the project through to feasibility; the second option allows Newmont to earn a further 10% by funding through to commercial production.

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 Armenia and in Kosovo.

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 (CA:NMC: news, chart, profile) (NEM:

Newmont Mining Corporation

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Last: 43.59-1.12-2.51%

4:20pm 08/08/2008

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NEM 43.59, -1.12, -2.5%) (ASX: NEM), in the Caucasus region.

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 two largest shareholders are Newmont Mineral Holdings B.V. (owned by Newmont Mining Corporation), and International Finance Corporation (part of the World Bank Group). More information can be found on Lydian's web site at www.lydianinternational.co.uk.

Dr Tim Coughlin, MAusIMM; 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. All assay work for the released results was carried out by ALS Chemex analytical laboratory in Rosia Montana, Romania, in Perth Australia, or in Vancouver, BC. Please see Lydian's web site for more information.

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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