Dr. Tim Coughlin reports

LYDIAN ANNOUNCES CEO TRANSITION PLAN

Lydian International Ltd.'s Dr. Tim Coughlin will step down as the company's president and chief executive officer on Dec. 31, 2013, or when his successor is appointed. Following his transition from his role as president and chief executive officer, Dr. Coughlin will continue to serve as a director of the company in a non-executive capacity. Dr. Coughlin's decision is being announced at this time so the board of directors has the benefit of a healthy transition period and can openly use that time for a thorough search for its next CEO. As part of its leadership transition plan, the company's board of directors has now initiated a search for a new chief executive officer.

"From the discovery of Amulsar and Lydian's inception in 2005, my eight years as CEO have been nothing short of an incredible journey," said Dr. Coughlin. He added: "I am proud to have taken Lydian from a start-up, grassroots exploration company through various stages of exploration, finance and growth in challenging economic times, to what is now a world-class development-stage resource company, focused on achieving full-scale production at its 100-per-cent-owned Amulsar gold project. Now is the right time for me to step aside and for Lydian to bring in a CEO who will drive the next phase of its development and growth. I will continue to actively lead the organization while the board searches for a new CEO, and I will work to ensure a smooth transition during this time and thereafter in my role as a non-executive director."

Gordon Wylie, chairman of the board of directors of the company, commented: "Tim is a visionary and has been an exceptional leader of the company. He has taken a rare and valuable grassroots gold discovery and successfully grown it into a viable business which has returned value to all of our stakeholders including our employees, shareholders, and, in particular, the communities surrounding the Amulsar project and Armenia as a whole. On behalf of Lydian and its board of directors, I thank Tim for his leadership, contributions and commitment to the company. The company would like to wish Tim every success in his next challenge, whatever that may be. I am confident that we will find the right person to lead our strong team, and continue to build on Lydian's excellent foundation and success."

We seek Safe Harbor.