ceo interview with ron tremblay of levon resources

The InterviewThe Interview

1 www.finance-monthly.com

ROn TREMbLAy

Earlier this month, Levon Resources Limited resumed phase four drilling at its wholly owned

Cordero project. An initial 14,000 metres of core drilling is planned to test the recently acquired

Aida claim, located in a central part of the Cordero resource. Finance Monthly caught up with

Levon’s President and CEO, Ron Tremblay, for insight into the company’s latest developments.

Contact:

Ron Tremblay

President and CEO

Levon Resources Ltd.

Suite 900, 570 Granville Street

Vancouver, bC, Canada V6C 3P1

Tel: 604-636-1917

Email: rontremblay@levon.com

Web: www.levon.com

ounded in 1965, Levon Resources

Ltd. is an exploration stage

company that engages in the

acquisition, exploration, and

development of natural resource properties

in Mexico. The company primarily explores

for gold, silver, lead, zinc, and copper. It

principally owns a 100% interest in the

Cordero Sanson property, which covers an

area of approximately 20,000 hectares

located to the northeast of Hidalgo Del

Parral, Chihuahua, Mexico. Levon also holds

FThe Cordero Project

Levon Resources recently announced that it

had entered into an agreement to purchase a

100% interest in the Aida mining claim,

located in a central part of the Cordero

Project claim block. Acquisition of the Aida

claim consolidates Levon's 100% ownership

of all mining claims in the Cordero mining

district, and represents a significant step in

the Company's advancement of the Cordero

Project.

The Cordero Project contains a large scale

silver, gold, zinc, and lead, polymetallic

porphyry resource, containing 364 million

oz. silver indicated resources, 91 million oz.

silver inferred resources, plus further indicated

resources of 945,000 oz gold, 6.1 billion

lbs. zinc and 3.3 billion lbs. lead, which

remains open to expansion. According to M3

Engineering and Technology Corporation,

which completed an initial Preliminary

Economic Assessment for the Cordero Project,

acquiring exploration access to the Aida

claim will potentially improve the economics

of the project.

The Cordero project is a bulk tonnage Ag,

Au, Zn, Pb project located in Chihuahua

State, Mexico, 35 km northeast of the town

of Hidalgo Del Parral.

On October 1st, Levon reported the

resumption of Phase 4 drilling at the Cordero

project. An initial 14,000 metres of core

drilling is planned to test the recently acquired

Aida claim.

Levon is well funded for the exploration now

underway.

certain interests in three mineral properties,

including the Ruf and Norma Sass claims, and

the Eagle claims located in the Bullion Mining

District, Lander County, Nevada, U.S.

Mr. Tremblay brings to Levon over 30 years'

experience in finance and management. In his

five years as Levon's President, he has raised

approximately $80M for the company and

advanced the Cordero project to its current

world-class status. He has taken Levon

from a market cap of $5m to over $100M

(exceeding $400M in 2011) and guided the

company through very difficult markets.

What more can you tell us about Levon

Resources Ltd.?

Levon is an Exploration and Development

Company engaged in identifying and

exploring for large scale mining

opportunities, primarily in the precious

metals space. We use our Technical expertise

and our knowledge of the areas to explore for

opportunities. We have demonstrated our

commitment to fiscal responsibility, and

social responsibility in the areas that we work.

We have built excellent relations with the

communities, and a dedication to hiring

and training our personnel from the local

community.

What do you believe makes Levon stand

out on the mining sector landscape?

The sheer size of the Cordero discovery, and

the low cost per ounce that we have spent to

develop the resource is absolutely amazing,

we have spent about $30.0m to create a Net

Present Value of approximately $6.0B and

growing.

Can you tell us about the company’s

approach to its social responsibilities?

One of Levon's key objectives is to bring a new

and long-lived mining district to the Cordero

region with many years of prosperity. We also

know that we are visitors here. That's why we

take great pride in being a supportive and

active member of the community. Our

operation relies on local ranchers, suppliers,

contractors and service providers in the

nearby town of Hidalgo del Parral. We enjoy

celebrating with our neighbours on occasion

and host traditional Mexican fiestas under the

mesquite trees with our entire crew, the

ranchers and their families included.

From an environmental standpoint, we are

aware that we share the land with a wide

variety of wildlife, plants and sources of water.

More importantly, we understand that

anything we do here, from prospecting to

drilling, from road building to construction,

impacts the environment to some extent. Our

mandate is to disrupt the environment as little

as possible and to return the land to as close

to its original state as possible. At all times we

adhere to, and attempt to exceed, standards

issued by the Mexican Environmental and

Natural Resources Authority (SEMARNAT)

and the Mexican Environmental Protection

Authority (PROFEPA).

Above all, the people of Levon Resources

represent the most important asset. We are

committed to ensuring our employees

have safe working conditions and also the

empowerment to grow in their careers. We

value and reward innovation, teamwork and

a commitment to safe working practices.

How has the mining sector developed in

recent years and how have you moved

with it?

The mining sector has been devastated in the

last two years, making it extremely difficult

for Companies to raise Capital, fortunately we

took advantage of the previously good market

conditions to fund Levon, and have kept

dilution very low, in fact we have issued no

new shares in over two years. We have taken

advantage of the tough conditions to negotiate

very favourable terms on all of our

Agreements and acquisitions, as well as

reviewing a lot of potential acquisitions.

What have been Levon Resources’ most

notable events of 2012/13?

We have acquired the Aida claim in the

central portion of our planned open pit at

Cordero, potentially increasing our resource

by as much as 30%, and increasing our world

class status.

What does the future hold for Levon

Resources?

We will continue to add to the Cordero

Resource, and are looking at increasing our

footprint with potential strategic acquisitions.