ONE OF THE WORLD’S LARGEST SILVER RESOURCES

CORDERO PROJECT, MEXICO

July 2013

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 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 43-101. The Company expressly disclaims any

obligation to update any forward-looking statements.

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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

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WHO WE ARE

Discovered and then expanded

the Cordero Ag, Au, Zn, Pb

porphyry deposit into one of the

world’s 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 Mexico’s economic revival

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Canadian company trading on

the TSX, symbol LVN

Debt-free & well funded for

planned exploration.

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

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SILVER

One of the world’s most vital metals for industry and technology

Shrinking above-ground supplies

Increasing demand in both the industrial and investment sectors

High gold/silver ratio—currently above 50:1

Growing stream of new uses for silver—particularly in technology

WE BELIEVE SILVER IS IN THE EARLY STAGES OF A LONG-TERM,

UNPRECEDENTED BULL MARKET

VITAL FOR INDUSTRY & TECHNOLOGY

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KEY ASSET: CORDERO POLYMETALLIC PROJECT

ONE OF MEXICO’S 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

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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

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CORDERO’S 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

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* Please see resource-related disclosure on the following slide.

Resource is not drilled off and is open for expansion on strike and at depth

RESOURCE-RELATED DISCLOSURE

CORDERO INDICATED & INFERRED RESOURCE

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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.

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

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* See PEA-related disclosure on following slide. For scenarios based on other silver prices, please see Sensitivity Analysis on Slide #13.

PRELIMINARY ECONOMIC ASSESSMENT

RELATED DISCLOSURE

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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.

INITIAL AFTER-TAX PEA SENSITIVITY

ANALYSIS

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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

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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

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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

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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

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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 – targeting 80,000 tpd

Further engineering and metallurgy studies

Complete second round of metallurgical testing for

stage 4 open pit of PEA

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MEXICO: NO BETTER PLACE FOR MINING

MANY COMPETITIVE ADVANTAGES

WHY WE’RE 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

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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

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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

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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

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900 – 570 Granville St

Vancouver, BC V6C 3P1

604.682.3701

IR contact: 604.682.2991

IR@Levon.com

LEVON.COM