Prime Regions. Prime Projects. Intelligent Exploration. Uniquely Positioned. For an evolving silver/polymetallic market May 2017 TSX: LVN 1

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1 Prime Regions. Prime Projects. Intelligent Exploration. Uniquely Positioned For an evolving silver/polymetallic market May 2017 TSX: LVN 1

2 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 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 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, 2014 news release with the NI 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 available for viewing at or at 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 process, $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 recoveries and costs were provided by M3 Engineering and Technology 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 # RM who is the Qualified Person for purposes of the Technical Report, which is in progress. 2

3 KEY ASSET: CORDERO SILVER/POLYMETALLIC PROJECT (ZINC, LEAD, GOLD) 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 TSX: LVN Regions. Prime Projects. Intelligent Exploration. 3 33

4 CORDERO DRILLING SINCE 2009 DISCOVERY Completed four phases of exploration to reach the current resource 126,916 meters core drilling in 274 holes Prime TSX: LVN Regions. Prime Projects. Intelligent Exploration. 4 4

5 THE CORDERO PROJECT FROM DISCOVERY TO WORLD-CLASS RESOURCE IN FIVE YEARS Silver: 488.5M oz indicated, 44.4M oz inferred* Zinc: 9.0 Billion lbs indicated* Lead: 4.7 Billion lbs indicated* Gold: 1.37M oz indicated, 84,000 oz inferred* Cut off Grade $/t Resource Class Million Tonnes AgEq g/t Ag g/t Zn % Pb % Au g/t Indicated Inferred 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. 5

6 THE CORDERO PROJECT OVER 1.2 BILLION CONTAINED SILVER EQUIVALENT OUNCES* grams in one troy ounce, reported as oz/t (where t= tonne) Class Tonnes AgEq g/t AgEq oz/t ContainedAgEq Oz Indicated 848,400, ,119,039,600 Inferred 92,160, ,252,160 Total AgEq oz 1,211,291,760 * Resource-related disclosure on the Slide #2: Safe Harbour Disclaimer & Resource Disclosure. 6

7 CORDERO S PRIME INFRASTRUCTURE Skilled, experienced work force only 35 km away in Hidalgo Del Parral with 120,000 people and 35-40% unemployment Abundant power and water Excellent location for tailings dam, can use waste rock for dam Easy road access, 10 km off major highway Hidalgo Del Parral, Chihuahua, Mexico TSX: LVN 7

8 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 8

9 PHASE 1 DISCOVERY HOLE C M INTERSECTION GRADING: 80.6 g/t Silver 1.41% Zinc 2.27% Lead 0.61 g/t Gold Contains high-grade pods. Mineralization directly analogous to Penasquito Mine. 9

10 TYPE 2 POZO DE PLATA DIATREME BRECCIA REPLACEMENT MINERALIZATION 26M INTERSECTION GRADING: g/t Ag 2.92% Zn 7.06% Pb g/t Au Analogous with high grade underground ore at Penasquito 10

11 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 11

12 DISTRICT SCALE PROJECT & PROPERTY 100% LEVON OWNERSHIP 37,000 hectares (370 sq km) consolidated original claims 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 12

13 2013 ACQUISITION OF THE AIDA CLAIM FINAL PIECE OF THE PUZZLE After seven years of negotiations, Levon acquired the key Aida Claim in Aida Claim constrained the PEA: PEA mined only Stage 4 (of 8) modeled open pits Upper 30% resource only 13

14 DRILLING THE AIDA CLAIM 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 14

15 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 15

16 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 16

17 DEVELOPMENT STRATEGY STRATEGIC ALLIANCE WITH A MAJOR 17

18 IS A BULL MARKET ON THE HORIZON? 18

19 MEXICO: NO BETTER PLACE FOR MINING MANY COMPETITIVE ADVANTAGES A mining-friendly, emerging economic powerhouse with exceptional mineral resources and skilled labor. 19

20 RECENT NEWS 9.9% investment in Pershing Gold Corporation New strategic investors in Levon Reviewing other investment opportunities to increase shareholder value 20

21 OUR TEAM Ron Tremblay, President/CEO and Director Daniel Vickerman, Chairman Vic Chevillon, M.Sc., C.P.G., V.P. Exploration and Director Nigel Kirkwood, CFO Christina Boddy, Corporate Secretary Gary Robertson, Director Francisco Armenta, Mexico Operations Ron Tremblay and Vic Chevillon at Cordero 21

22 SHARE INFO AND SHARE PRICES Shares Outstanding 121,546,693 Options Outstanding 10,346,000 Warrants Outstanding Nil Fully Diluted 131,892,693 Recent Price C$0.42 Insiders own approximately 25% of fully diluted shares Listed on: TSX: LVN OTCQX: LVNVF 22

23 Suite 500, 666 Burrard St. Vancouver, BC V6C 2X IR contact: LEVON.COM

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