Lydian Announces Update on Police Inaction

Lydian International Limited announced today that trespassers and their property remain on the Company’s Amulsar Project site despite prior Court rulings.

The Administrative Court of Armenia has ordered the Police to remove trespassers and their property from the Company’s Amulsar Project site.  The Court’s decision was to be enforced within 30 days, if not appealed by the Police.  Since the Police had not appealed the Court’s decision within 30 days after the Court’s ruling, Lydian was expecting the trespassers and their belongings to be removed by the Police, and Lydian’s access to the site restored.

The Police have informed Lydian in writing that the Police believe they have compiled with the Court ruling by re-locating some of the trespassers’ trailers blocking the Amulsar access roads to other locations.  However, Lydian’s full access to the site has not been restored.  Lydian believes the trespassing continues and that the Police have not enforced the Court’s ruling.

Lydian, thus, has filed a motion with the Court asking for an additional ruling in the dispute.  Lydian understands the motion is likely to be heard within the next 20 days.

Mr. Edward Sellers, Interim CEO and President of Lydian International commented on the matter: “Lydian had welcomed the recent rulings of Armenian courts in support of Lydian’s position with respect to illegal road blockades.  Lydian has been deprived of its legal right to operate since June 2018.  We consider the Court’s ruling to be a recognition of the illegality of the trespassing and a call to the Police to restore Lydian’s uninterrupted access to its property at Amulsar.  Until full access to the Amulsar site has been restored, Lydian considers that the Police have not fulfilled their obligations to enforce orders of the Court.  Lydian will pursue all legal options to protect its rights.”