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To: Veteran98 who wrote (204023)	10/5/2011 10:08:23 AM
From: Veteran98	Respond to of 312718

LYD.... Canaccord Morning Coffee.... Lydian International* (LYD : TSX : $2.00), Net Change: -0.17, % Change: -7.83%, Volume: 1,119,306 Back-to-back positive news releases. Lydian International announced another set of results from drilling at its Amulsar gold project in Armenia. Results have been received from a further 29 drill holes at Amulsar comprising infill, resource extension and exploration drilling from the Artavasdes, Arshak and northeast Tigranes areas. Highlight intersections included 101 m of 2.2 g/t gold, and 139 m of 1.0 g/t gold (open at depth). Amulsar is a high-sulfidation style gold project which currently hosts a CIM-compliant combined Indicated and Inferred Category Resource of 2.5 million ounces at 1.0 g/t gold (1.1 million ounces at 1.1 g/t gold in the Indicated Category and 1.4 million ounces at 0.9 g/t gold in the Inferred Category). On Monday, Lydian announced that the Armenian authorities have approved the change of land status from agricultural to industrial at its Amulsar gold project in Armenia. The change of land status from agricultural to industrial is a significant step in Armenia's mine permitting process. Commenting on the news, Tim Coughlin, Lydian's President and CEO, stated, "This is a major event for us and an indication of Armenia's willingness to support foreign investment. We remain on schedule with our aim to be in production in 2014 and this approval means the company can commence construction, pre-stripping and stockpiling of run of mine ore as scheduled in 2012."