Lydian Reserves Update

19 Nov 2012 10:00 ET

Marketwire Canada

Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company"), a gold-focused mineral exploration and development company, today announced a correction to the reserve statement reported by the Company in its press release dated September 7, 2012 and as set out in the Amulsar Resource Update and Heap Leach Feasibility Study (the "Feasibility Study") dated September 3, 2012 and prepared for the Company.

The press release and Feasibility Study incorrectly stated the mineral reserve estimates, without including dilution associated with mining.

The table below details the corrected mineral reserves as per the feasibility schedule, with a dilution factor of 7%. The average grade of the dilution material is assumed to be 0.15 g/t gold head grade and 1.5 g/t silver head grade. These dilution grades are significantly below the average grades of blocks surrounding scheduled undiluted ore, which are 0.21 g/t gold and 2.2 g/t silver (when surrounding inferred material is zeroed).

--------------------------------------------------------------------------------------------------------------------------------------------------------                            Diluted Ore Reserves--------------------------------------------------------------------------------------------------------------------------------------------------------    Category                        Contained              Recoverable                            ------------------------------------------------                     Ore        Gold       Silver       Gold       Silver                   ktonnes       g/t         g/t         g/t         g/t----------------------------------------------------------------------------Proven             51,143       0.801       3.37        0.713       1.31Probable           43,751       0.692       3.15        0.609       1.08----------------------------------------------------------------------------Proven+Probable           94,894       0.750       3.27        0.665       1.21----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                            Diluted Ore Reserves--------------------------------------------------------------------------------------------------------------------------------------------------------    Category            Contained Metal              Recoverable Metal                ------------------------------------------------------------                      Gold          Silver          Gold          Silver                      oz.            oz.            oz.            oz.----------------------------------------------------------------------------Proven             1,317,000      5,541,000      1,172,000      2,154,000Probable            973,000       4,435,000       857,000       1,526,000----------------------------------------------------------------------------Proven+Probable           2,290,000      9,976,000      2,029,000      3,680,000--------------------------------------------------------------------------------------------------------------------------------------------------------

Note: The above numbers may not calculate exactly due to rounding.

The Company confirms that the economic analysis for its Amulsar project that was reported in the press release and set out in the Feasibility Study was based on the diluted proven and probable mineral reserve estimates and, accordingly, is not affected by the above correction.

The information in this news release was compiled and reviewed by Herb Welhener, MMSA-QPM a qualified person as defined by National Instrument 43-101. The Amulsar Resource Update and Heap Leach Feasibility Study dated September 3, 2012 and prepared for the Company by Messrs. Joseph M. Keane, P.E., Richard Kiel, P.E., Mr. Pete Lemke, P.E., Mr. Herb Welhener, MMSA-QPM, Mr. John Eyre, FRICS MIMMM MIQ CEnv is available on www.Sedar.com.