Lydian International Limited announced updates for Hydrogeological Survey and Amulsar Project Audit. Hydrogeological Survey: Lydian announced the conclusion of an isotopic investigation of groundwater systems at the Company’s gold project at Amulsar (the Amulsar Project) and the Jermuk area (the Hydrogeological Survey). The results of the Hydrogeological Survey confirmed the findings of Lydian’s previous work in 2013 and support the findings of the Amulsar Project’s Environmental Impact Assessment (“EIA”) and Environmental and Social Impact Assessment (“ESIA”), conclusively demonstrating that there is no hydraulic connection between the groundwater regimes at the Amulsar Project and Jermuk. The investigation was designed to develop and expand the data collected for the project in 2013 as part of the then baseline studies and to determine whether there was any hydrogeological connection between Amulsar and Jermuk water systems. The analyses on representative water samples were performed by the Jones Environmental Laboratory (UK) in 2013 and interpreted by Golder Associates (UK). Lydian reiterates that the Amulsar Project is designed and developed following industry best practices to ensure the mine would not have an adverse impact on any surrounding water systems. The Hydrogeological Survey clearly concludes that the Amulsar and Jermuk water systems are not connected. Amulsar Project Audit Update: Lydian Armenia CJSC (“Lydian Armenia”) has received formal notification from the Investigative Committee of the Republic of Armenia that pursuant to the criminal investigation into alleged withholding of information by employees of the Ministry of Environmental Protection, an international consultancy group, Earth Link, and Advanced Resources Development (“ELARD”) has been selected to review all subject matter covered by Lydian’s EIA/ESIA, to determine the possibility of harmful impacts by the Amulsar Project and the validity of preventative and mitigation measures. However the contract award to ELARD is subject to state funding and therefore the audit start date has not yet been announced. The audit is expected to take up to 12 weeks to complete.