Presentation - Levon Resources Ltd.

Uniquely Positioned
For an evolving silver/polymetallic market
January 2015
1
SAFE HARBOUR DISCLAIMER
& RESOURCE DISCLOSURE
Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning
of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation
statements regarding future estimates, plans, objectives, assumptions or expectations for future performance, are “forward-looking
statements.” We caution you that such “forward looking statements” involve known and unknown risks and uncertainties that could cause
actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include
fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral
reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes
in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as
discussed in the Company’s filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts
may be based on data insufficient to support them. Mr. Vic Chevillon, MSc, CPG, is the Qualified Person for the Company as required by NI 43101. The Company expressly disclaims any obligation to update any forward-looking statements.
The following risk issues have been identified for the Cordero project: Cordero as currently understood is a low grade, bulk tonnage deposit
which will need favorable metal recoveries, metal prices and low operating costs to be developed. Updated resources are reported from the
September 3, 2104 news release with the NI 43-101 accompanying technical report, which is being prepared by Independent Mining
Consultants (IMC) in collaboration with M3 Engineering and Technology (M3) of Tucson, AZ. The report is expected to be filed within 45 days
from the news release dated Sept 3, 2014 and will be available for viewing at www.sedar.com or at http://www.levon.com. The resource is
within an open pit geometry generated by a floating cone algorithm using metal prices and recoveries of: Lead, $0.95/lb and 80% recovery;
Zinc, $0.94/lb and 81% recovery; Silver, $20.00/oz with 85% recovery, gold, $1,250.00/oz, 18.00% recovery to a lead concentrate and 15%
recovery to a zinc concentrate. The open pit model includes mining and operating charges of $6.00/t porcess, $0.75/t G&A, $1.75/t mining
cost and estimated TCRC costs, as well as refining and transportation costs for silver $0.024/g, gold $0.00/g, zinc $0.32/lb and lead,
$0.42/lb. The updated metal prices and precoveries and costs were provided by M3 on the basis of the latest pre-feasibility scale
metallurgical test results and their latest cost and metal price estimates. The Mineral Resource Update announced in a September 3, 2014
news release was authored and approved by Herbert E. Welhener, Vice President, Independent Mining Consultants (IMC) MMSA-QPM, SME
Registered Member #3434330RM who is the Qualified Person for purposes of the Technical Report,which is in progress.
2
KEY ASSET: CORDERO SILVER/POLYMETALLIC
PROJECT (GOLD, ZINC, LEAD)
ONE OF MEXICO’S PREMIER PORPHYRY TARGETS
Host rocks, geology, metal
assemblage and size are
analogous with other bulk
tonnage silver deposits in Mexico.
Prime Regions. Prime Projects. Intelligent Exploration.
33
CORDERO DRILLING
SINCE 2009
DISCOVERY
Completed four phases of
exploration to reach the
current resource
126,916 meters core drilling
in 274 holes
Prime Regions. Prime Projects. Intelligent Exploration.
4
4
THE CORDERO PROJECT
FROM DISCOVERY TO WORLD-CLASS RESOURCE IN FIVE YEARS
Silver:
Gold:
Zinc:
Lead:
NSR
Cutoff
$/t
6.00
488.5M oz indicated, 44.4M oz inferred*
1.37M oz indicated, 84,000 oz inferred*
9.0B lbs indicated*
4.7B lbs indicated*
Resource
Class
Million
Tonnes
AgEq
g/t
Ag
g/t
Au
g/t
Pb
%
Zn
%
Indicated
547.70
41.03
20.67
0.054
0.27
0.51
Inferred
134.33
31.39
21.12
0.035
0.23
0.41
 Resource is not drilled off—open to expansion on strike and at depth
 Advanced metallurgy targeting improved recoveries
* Resource-related disclosure on the Slide #2: Safe Harbour Disclaimer & Resource Disclosure.
Prime Regions. Prime Projects. Intelligent Exploration.
5
SCALE OF MODELED OPEN PIT
 2.3 km wide x 3 km long
 Resource blocks crop out at surface = low waste-to-ore
strip ratio of 1.2/1
 Open to the south, north, northeast and at depth
6
PHASE 1 DISCOVERY HOLE C09-5
152M INTERSECTION GRADING:
 80.6 g/T Silver
 0.61 g/T Gold
 1.41% Zinc
 2.27% Lead
Contains high-grade pods.
Mineralization directly
analogous to Penasquito
Mine.
7
TYPE 2 POZO DE PLATA DIATREME
BRECCIA REPLACEMENT MINERALIZATION
26M INTERSECTION GRADING:
 410.1 g/t Ag
 1.057 g/t Au
 2.92% Zn
 7.06% Pb
Analogous with high grade
underground ore at Penasquito
8
TYPE 3 – CORDERO PORPHYRY ZONE
PORPHYRY STYLE MINERALIZATION
 Mineralized pervasive potassic alteration
cut by incomplete pervasive phyllic
alteration
 Disseminated galena, sphalerite and pyrite
 Below stockwork vein sphalerite, galena
veins and crackle breccia
 Analogous with porphyry
feeder of Penasquito
diatremes being mined
9
DISTRICT SCALE PROJECT & PROPERTY
100% LEVON OWNERSHIP
 20,000 hectares (200 sq km)
consolidated original claims
 Recently staked additional 17,000
ha released from a petroleum
reserve surrounding Cordero
 2013 acquisition of Aida claim
consolidates 100% Levon
ownership of all mining claims
 Aida claim drill results better than
expected (30Apr14 press release):
— Better grades at depth in
newly discovered feeder zones
in the center of the resource
10
2013 ACQUISITION OF THE AIDA CLAIM
FINAL PIECE OF THE PUZZLE
 After seven years of negotiations,
Levon acquired the key Aida Claim
in 2013.
 Aida Claim constrained
the PEA:
 PEA mined only Stage 4
(of 8) modeled open pits
 Upper 30% resource only
11
DRILLING THE AIDA CLAIM 2013 - 2014
 Drill results extend mineralization
across the Aida Claim
 24 holes, 13,701 meters
 Results improve continuity
and grade of mineralization
from surface to feeder zones
discovered at depth in the
center of the resource
12
AIDA CLAIM: WIDE MINERALIZATION FROM
SURFACE, HIGHER GRADE FEEDERS AT DEPTH
 Wide intersected mineralization from the surface
 Higher grade mineralization discovered at depth in volcanic feeder zone
13
WHAT’S NEXT AT CORDERO?
PHASE 4 TARGETING PROJECT ECONOMICS
FURTHER IMPROVE THE PROJECT’S ECONOMICS
 Under the direction of M3 Engineering and Independent
Mining Consultants
 Expand mill design
 Further engineering and metallurgy studies
14
DEVELOPMENT STRATEGY
STRATEGIC ALLIANCE WITH A MAJOR
15
IS A BULL MARKET ON THE HORIZON?
16
LEVERAGE FOR A SILVER BOOM
LEVON RESOURCES HOLDS ONE OF THE WORLD’S LARGEST SILVER
RESOURCES. CASH POSITION IS APPROXIMATELY $40M.
Shares trading near
cash value.
17
POSITIONED FOR THE NEXT SILVER CYCLE
1. Resource increases 34%
2. Interest from majors—numerous
NDAs signed
3. Increase in the price of silver and
other contained metals
18
MEXICO: NO BETTER PLACE FOR MINING
MANY COMPETITIVE ADVANTAGES
A mining-friendly, emerging economic powerhouse with exceptional
mineral resources and skilled labor.
Prime Regions. Prime Projects. Intelligent Exploration.
19
RECENT NEWS: OCTOBER 2014
 9.9% investment in Pershing Gold Corporation
 New strategic investors in Levon
 Reviewing other investment opportunities to increase shareholder value
20
OUR TEAM
Ron Tremblay, President/CEO and Director
Ron Barbaro, Chairman and Director
Vic Chevillon, M.Sc., C.P.G., V.P. Exploration
and Director
Carlos H. Fernandez Mazzi, Director/Head of
Project Development Committee
Annie Chan, CFO
Gary Robertson, Director
Rob Roberts, Director
Dorothy Chin, Corporate Secretary
Francisco Armenta, Mexico Operations
Ron Tremblay and Vic Chevillon at Cordero
21
SHARE INFO
AND SHARE PRICES
Shares Outstanding
Options Outstanding
Warrants Outstanding
Fully Diluted
Recent Price
52-Week Range
231,564,423
22,240,000
132,000
253,936,423
C$0.28
C$0.49 – 0.19
Key Shareholders
 Newmont Mining
 Barry Honig and Dr.
Phil Frost Group
 Other Institutional
Shareholders
Insiders own approximately 10% of fully diluted shares
In business since 1965
Listed on: TSX:
LVN
OTCQX:
LVNVF
Frankfurt (FSE): LO9
22
900 – 570 Granville St
Vancouver, BC V6C 3P1
604.682.3701
IR contact: 604.682.2991
[email protected]
LEVON.COM

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