Investor Presentaiton

10 10 Amulsar, Armenia GEORGIA 44° 45° 46° 41° Armanis TURKEY Tukhmanuk 40° 39° Republic of ARMENIA Capital Project Other producing company Main highway 50 km 20 mi 44° Yerevan Lake Sevan Zod AMULSAR 45° ㅁ AZERBAIJAN Kapan Kajaran IRAN 46° LYDIAN INTERNATIONAL 41° 40° Amulsar will be the largest gold mine in Armenia ■ Located 170km from the capital, Yerevan Taxes*: 4% Tax Deductible Royalty 'Top Line' 39° Other mining companies in Armenia Kapan DPM (Canadian Public), Copper Moly Kajaran - Cronimet (German Private), Copper Moly Agarak - GeoProMining (Russian Private), Copper Moly Zod - GeoProMining (Russian Private), Gold Tukhmanuk - Global Gold Corp (US Public), Gold/Silver Teghut - Vallex Group (Armenia Private), Copper Moly • 12.5% Tax Deductible Royalty • 'On profit before interest charges' 20% Corporate Tax *Please see www.lydianinternational.co.uk for a detailed explanation on Armenian mining taxes lydianinternational.co.uk

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