Lydian International Limited (Lydian or the "Company) has entered into a forbearance agreement with its senior lenders, stream financing providers, and equipment financiers (the Forbearance Agreement), pursuant to which the Company's senior lenders, stream financing providers, and equipment financiers have agreed to: (a) temporarily suspend all principal and interest payments due and payable to each of them under such creditor's financing agreement, and (b) forbear from declaring or acting upon, or exercising default-related rights or remedies under such creditor's financing agreement with respect to certain events of default, in each case, until the earlier of December 31, 2018, the occurrence of an additional event of default under such creditor's financing agreement or any breach by the Company of the Forbearance Agreement. The Forbearance Agreement was necessitated as a result of the previously announced illegal blockades that have prevented Lydian and its contractors from entering the Amulsar site since late June. During the period of forbearance, Lydian and other stakeholders will continue to petition local and national government officials to enforce the law by removing the illegal blockades and pursue additional options that allow Lydian to resume construction activities. Lydian will continue to engage in discussions with its lenders to address the issues resulting from the illegal blockades and is evaluating a range of financing and strategic alternatives.

In connection with the 2016 agreement between Lydian and Resource Capital Fund VI L.P., which owns approximately 32% of the Company's outstanding shares, is entitled to nominate two directors of the Company. RCF's nominees, Mr. John Stubbs and Mr. Joshua Parrill have resigned from the Company's board of directors and have been replaced on the Company's board of directors by new nominees, Mr. Gene Davis and Mr.
Edward Sellers. The resignations and appointments are effective immediately.