Levon Resources Investor Presentation

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Levon Resources is exploring one of the world's largest silver resources at the company's 100%-owned Cordero Project in northwest Mexico. In less than four years, Levon has amassed a resource at Cordero containing 364M oz silver indicated plus 91M oz silver inferred. Further indicated resources of 945,000 oz gold, 6.1B lbs zinc and 3.3B lbs lead have established Cordero as one of Mexico's premier polymetallic porphyry targets.



2. SAFE HARBOUR DISCLAIMER 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 Companys 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 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. 2 3. IN THIS PRESENTATION WHO WE ARE OUR VISION SILVER: VITAL FOR INDUSTRY & TECHNOLOGY KEY ASSET: CORDERO Ag/Au/Zn/Pb PROJECT MEXICO: NO BETTER PLACE FOR MINING OUR TEAM SHARE DATA 3 4. WHO WE ARE Discovered and then expanded the Cordero Ag, Au, Zn, Pb porphyry deposit into one of the worlds largest silver resources 37 months from grassroots to major resource Silver & Gold focused with Cordero project as key asset Focused, aggressive exploration for additional world class discoveries Part of Mexicos economic revival 4 Canadian company trading on the TSX, symbol LVN Debt-free & well funded for planned exploration. 5. OUR VISION Building the premier mid-tier silver and gold exploration company in the world by advancing a portfolio of world class, quality discoveries toward production Explore in the best global jurisdictions with safe title, excellent infrastructure and strong mining cultures for maximum stakeholder benefit and long term success 5 6. SILVER One of the worlds most vital metals for industry and technology Shrinking above-ground supplies Increasing demand in both the industrial and investment sectors High gold/silver ratiocurrently above 50:1 Growing stream of new uses for silverparticularly in technology WE BELIEVE SILVER IS IN THE EARLY STAGES OF A LONG-TERM, UNPRECEDENTED BULL MARKET VITAL FOR INDUSTRY & TECHNOLOGY 6 7. KEY ASSET: CORDERO POLYMETALLIC PROJECT ONE OF MEXICOS PREMIER PORPHYRY TARGETS HOST ROCKS, GEOLOGY, METAL ASSEMBLAGE AND SIZE ANALOGOUS WITH NEW WORLD-CLASS, BULK TONNAGE SILVER DEPOSITS IN MEXICO Penasquito Mine, Goldcorp Camino Rojo, Goldcorp Pitarilla (no gold), Silver Standard 7 8. DEVELOPING A NEW PORPHYRY DISTRICT DISTRICT-SCALE DISCOVERIES ON 20,000 HECTARES Two porphyry belts and a third mineralized volcanic centre to the south Central discovery: Outcropping open pit resource Excellent conventional metallurgy Outlying, drilled mineralization for future follow up and upside 8 9. CORDEROS NI 43-101 RESOURCE Ag: 364M oz indicated, 91.2M oz inferred* Au: 945,000 oz indicated, 152,000 oz inferred* In less than four years, Levon recognized an Ag, Au, Zn, Pb porphyry system, drilled the discovery holes and defined the large resource:* NSR Cutoff $/t Resource Class Million Tonnes Ag g/t Au g/t Pb % Zn % 6.00 Indicated 547.70 20.67 0.054 0.27 0.51 Inferred 134.33 21.12 0.035 0.23 0.41 9 * Please see resource-related disclosure on the following slide. Resource is not drilled off and is open for expansion on strike and at depth 10. RESOURCE-RELATED DISCLOSURE CORDERO INDICATED & INFERRED RESOURCE 10 Resources are reported from the updated resource report: Cordero Project, June 2012 Mineral Resource Update, completed by Independent Mining Consultants (IMC) in collaboration with M3 Engineering and Technology (M3) of Tucson, AZ. The report was filed on August 02, 2012 and is 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, $1.00/lb and 70% recovery; Zinc, $1.00/lb and 70% recovery; Silver, $25.00/oz with 60% recovery to a lead concentrate and 15% recovery to a zinc concentrate. The Technical Report: Cordero Project, June 2012 Mineral Resource Update was authored and approved by Herbert E. Welhener, MMSA-QPM, SME Registered Member #3434330RM who is the Qualified Person for purposes of this Technical Report and the associated updated resource calculation. 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. 11. PRELIMINARY ECONOMIC ASSESSMENT* Preliminary Economic Assessment (PEA) base case projects a 14.80% Internal Rate of Return (IRR) based on a silver price of US$25.15 (IRR of 23.4% based on $US30.18 silver)* 15-year mine life to complete the first four stages of a planned eight-stage open pit* 40,000 tpd mill* Payback in 5.1 years (3.8 years using US$30.18 silver)* BASED ON ONLY 30% OF THE OPEN PIT RESOURCE PEA SHOWS A 3.8-YEAR PAYBACK @ $30.18 SILVER 11 * See PEA-related disclosure on following slide. For scenarios based on other silver prices, please see Sensitivity Analysis on Slide #13. 12. PRELIMINARY ECONOMIC ASSESSMENT RELATED DISCLOSURE 12 A Preliminary Economic Assessment should not be considered to be a prefeasibility or feasibility study, as the economics and technical viability of the Project have not been demonstrated at this time. The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Technical Report: Cordero Project, Preliminary Economic Assessment was authored and approved by Herbert E. Welhener, MMSA-QPM, SME Registered Member #3434330RM who is the Qualified Person for purposes of this Preliminary Economic Assessment and the associated updated resource calculation. 13. INITIAL AFTER-TAX PEA SENSITIVITY ANALYSIS 13 14. PHASE 1 DISCOVERY HOLE C09-5 Analogous with Penasquito diatreme mineralization now being mined by Goldcorp 152M INTERSECTION GRADING: 80.6 g/T Silver 0.61 g/T Gold 1.41% Zinc 2.27% Lead TYPE 1 - POZO DE PLATA DIATREME DISCOVERY 14 15. 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 15 16. 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 TYPE 3 CORDERO PORPHYRY ZONE 16 17. SCALE OF STAGE 8 MODELED OPEN PIT FIELD VIEW OF STAGE 8 MODELED OPEN PIT LOOKING NE 2.3 km wide (this NE view) x 3 km long (NE) Resource blocks crop out = low waste-to-ore strip ratio of 1.7/1 Open to the south, north, northeast and at depth Undrilled areas in 8 Stage open pit are modeled as unmineralized waste 17 18. WHATS NEXT AT CORDERO? PHASE 4 TARGETING PROJECT ECONOMICS FURTHER IMPROVE THE PROJECTS ECONOMICS Under the direction of M3 Engineering and Independent Mining Consultants Expand mill design targeting 80,000 tpd Further engineering and metallurgy studies Complete second round of metallurgical testing for stage 4 open pit of PEA 18 19. MEXICO: NO BETTER PLACE FOR MINING MANY COMPETITIVE ADVANTAGES WHY WERE MEXICO-FOCUSED Political and financial stability Safe title 100% foreign ownership of assets allowed Easy and economical access from anywhere in North America Modern and growing infrastructure for communications and transportation An emerging economic powerhouse Educated and skilled labor force Strong historical and current mining culture 19 20. IN THE COMMUNITY Levon relies on local ranchers, suppliers, contractors and service providers in nearby Hildalgo Del Parral Parral is a rich source of skilled and dedicated labor Good neighbor in the community 20 21. 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 Valencia, Senior Accountant Ron Tremblay and Vic Chevillon at Cordero 21 22. SHARE INFO AND SHARE PRICES Shares Outstanding 199,854,423 Options Outstanding 15,090,000 Average Weighted Price C$0.84 Fully Diluted 214,944,423 Recent Price C$0.32 52-Week Range C$0.72 0.28 Insiders own approximately 15% of fully diluted shares Key Shareholders Newmont Mining 23 Institutional Shareholders 22 23. 23 900 570 Granville St Vancouver, BC V6C 3P1 604.682.37