Phase 3 Program At Cordero Project 

VANCOUVER, BC - Levon Resources Ltd. reported additional assays from the ongoing Phase III exploration and drill program currently underway at the Company's 51% owned Cordero silver, gold, zinc and lead project located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. Drill results are highlighted by the discovery of high grade contact replacement-style mineralization in the Josefina Zone in hole C11-105 where a 50 metre interval returned 97.2 g/t silver, 0.30 g/t gold, 3.2% zinc and 1.6% lead. In addition, drilling at the north end of the Porphyry Zone, continues to expand and highlight the potential of this new area of mineralization demonstrated by drill hole C11-102 which returned 122 metres grading 22.9 g/t silver, 0.90% zinc and 0.40% lead.

Drill results are from a variety of targets on the large Cordero property and include holes designed as initial tests of distal targets (Molina de Viento, Dos Mils Diez), three holes along the eastern perimeter of the Pozo de Plata Zone, five holes from the large Porphyry Zone target and two holes from the Josefina Zone located between the Pozo de Plata and the Porphyry Zones.

The Josefina Mine Zone is located east of the Pozo de Plata Diatreme discovery and extends for 800 metres northeast towards the Porphyry zone. The Josefina has been tested by a number of holes that include strong results.

Three holes were drilled to define the eastern limits of the Pozo de Plata Diatreme Zone. All three holes encountered intervals of mineralization including a 6 metre high grade section in hole C11-103 starting at 244 metres depth. The Pozo appears to be limited to the east; however these results may represent a low grade interval between two higher grade lobes that define the Pozo de Plata deposit and the Josefina to the east. The Pozo remains open to the south and southwest where additional drilling is ongoing with results pending.

The Porphyry Zone is located 1,000 metres east of the Pozo de Plata Diatreme Zone and comprises a number of mineralized centres over a large area of 1,200 metres by 800 metres.

Reconnaissance style drill holes of a number of outlying targets returned low values. Targets initially drilled included the Molina de Viento Diatreme complex located 8 kilometres west of Pozo de Plata where covered chargeability anomalies were cut by three widely spaced holes. Although metal values were low, core exhibited pervasive propylitic alteration with some lead and zinc veins with phyllic alteration selvages. Additional exploration is planned in this un-prospected area.

Drill results in the Pozo de Plata Diatreme and Porphyry Zones have been forwarded to IMC Engineering of Tuscon, Arizona who is conducting an analysis of the results for a first 43-101 resource calculation. M3 Engineering of Tucson, Arizona has initiated metallurgical testing and the engineering studies required for a 43-101 preliminary economic assessment (PEA) of Cordero. The southerly extension of the Porphyry Zone is not yet defined and is currently being drilled. A newly recognized centre of mineralization at the north end of the Porphyry Zone continues to return encouraging bulk tonnage results and is the focus of additional drilling. The Josefina Zone located midway between these two discoveries potentially hosts bulk tonnage mineralization as well as high grade contact replacement mineralization at depth, an increasingly important target type at Cordero.

The company's address is Suite 400, 455 Granville Street, Vancouver, BC V6C 1T1, 604.682.3701, fax: 604.682.3600.