Lydian International Announces Board and Management Changes

TORONTO, ONTARIO--(Marketwired - April 15, 2014) - Lydian International Limited (TSX:LYD) ("Lydian" or the "Company"), a gold-focused mineral exploration and development company, announces several key changes to the Company's board of directors and executive leadership as described below.

Appointment of Tim Read as a Director

The Company is pleased to announce that Mr. Timothy Philip Read has been appointed as director of the Company. Mr. Read has joined the Company's board of directors as a nominee of International Finance Corporation, a significant shareholder of the Company. He has over forty years of experience in the mining and metals sector, first as a mining analyst, then as an investment banker and, most recently, as a corporate executive and director. Between 1995 and 1999, Mr. Read was Managing Director and Global Co-Head of Mining and Metals Investment Banking for Merrill Lynch Inc., a role involving leadership in various investment banking activities, including corporate finance and mergers and acquisitions. Between 1999 and 2006, he was chief executive of Adastra Minerals Inc. (acquired by First Quantum Minerals Ltd.) and has since served as a non-executive director for several natural resource companies. Mr. Read is currently a director of Faroe Petroleum plc, Metminco Limited and Capital Drilling Limited, and was previously a director of Cumerio SA and Nevoro Inc. He has a BA (Economics) from the University of Strathclyde in Glasgow and is a Fellow of the Chartered Institute for Securities and Investment.

"On behalf of the nominations committee and the board of directors as a whole, I am very pleased to welcome Tim to the board of directors. This appointment is an important part of several recent and ongoing leadership and corporate governance enhancement initiatives that have been undertaken by the board, including the recent appointment of Howard Stevenson as President and Chief Executive Officer and now naming Doug Tobler as the new Chief Financial Officer of the Company." stated Gordon Wylie, Chairman.

Appointment of New Chief Financial Officer and Resignation of Director and Chief Financial Officer

Mr. Douglas L. Tobler has been appointed as Chief Financial Officer of the Company, which will take effect on April 22, 2014. In this role as Chief Financial Officer, Mr. Tobler will succeed Roderick Corrie who has resigned from this position and as a director of the Company, effective immediately.