Lydian International Limited announced it has received the first advance of $25 million under the term loan with Orion Co IV (ED) Limited (Orion) and Resource Capital Fund VI L.P. (RCF) (the Term Loan). Proceeds of this advance will be used for ongoing construction of the Company's Amulsar Gold Project in Armenia. Lydian continues to expect first gold production in mid-2018. To accommodate an anticipated ramp up period, the commercial production date set out in the Term Loan was extended three months to September 30, 2018. Furthermore, rather than also extending the availability period for drawing funds under the Term Loan by a similar three-month period, the Term Loan was revised to provide immediate funding of the $25 million first advance and a second advance of $25 million by August 15, 2017, subject to applicable conditions precedent. Funding provisions for the balance of the $160 million Term Loan remain unchanged and are also subject to applicable conditions precedent.