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Levon Reports First Bulk Tonnage At Cordero Project

VANCOUVER, BC - Levon Resources Ltd. reported its first NI 43-101 compliant bulk tonnage mineral resource for the Company's wholly owned Cordero Project located 35 km northeast of Hidalgo Del Parral, Chihuahua, Mexico. The resource was completed by Independent Mining Consultants (IMC) in collaboration with M3 Engineering and Technology (M3), both of Tucson, AZ. The mineral resource estimate is within an entire open pit geometry, with a preliminary waste to mineral resource strip ratio of 1.7:1 using a base case USD $6/tonne (T) net smelter return (NSR) cutoff. IMC estimates the mineral resource contains: Ñ An indicated resource of 521.6 million tonnes (MT) containing: 310.9 million ounces (Moz) silver, 0.908 Moz gold, 5.3 billion pounds (Blbs) zinc, 2.9 Blbs lead. Ñ An inferred resource of 200.9 MT containing: 139.9 Moz silver, 0.229 Moz gold, 2.2 Blbs zinc, 1.2 Blbs lead.

Using a USD $15 NSR cutoff, a subset of the total Mineral Resource within the open pit geometry includes: An indicated resource of 170.7 MT containing: Ñ 173.9 Moz silver, 0.466 Moz gold, 2.7 Blbs zinc, 1.7 Blbs lead. Ñ An inferred resource of 65.5 MT containing: 88.4 Moz silver, 0.094 Moz Au, 1.2 Blbs zinc, 0.7 Blbs lead.

The Cordero Project covers 20,000 hectares of contiguous mining claims. Cordero mineralization is a large scale Tertiary Ag, Au, Zn, Pb porphyry and diatreme mineralized system, cutting through Cretaceous limestone within a northeast trending belt of six volcanic centers. The tertiary volcanoes, diatreme complexes, subvolcanic intrusives, and associated mineralized bodies are barely eroded or weathered. The Cordero Porphyry Belt is approximately 15 km long and 3 to 5 km wide. The mineral resource is hosted within three of the volcanic centers in the north central part of the Belt. Additional discovery potential exists with the extensions of the Mineral Resource and known mineralized rocks, including mine scale targets being defined in each of the three remaining intrusive centers of the Belt.

"Discovery of multiple bulk tonnage Ag, Au, Zn, Pb deposits that can be mined by open pits has been the exploration focus and goal of Levon, since we started 27 months ago," explains Vic Chevillon, VP Exploration and Director. "We believe this first mineral resource is leading us to a major new mining district in Mexico."