ONE OF THE LARGEST DEVELOPMENT STAGE SILVER PROJECTS IN THE WORLD P RIME REG IONS . P RIME P ROJ ECTS . INTEL L IG ENT E X P LORATION . May 2018
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 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 di ffer 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 agenci es. 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. Risk factors to which the company and its business are subject are described in the section “Risk Factors” contained in its most recent annual information form, which is availa ble under the company’s profile at www.sedar.com (http://www.sedar.com). TSX: LVN 2
Key asset: Cordero silver/polymetallic project (silver, zinc, lead, gold) CHIHUAHUA One of Mexico’s Premier HIDALGO Porphyry District Targets CORDERO DEL PARRAL Pitarilla • Announced 2018 expanded, bulk tonnage Resource Penasquito (Silver Standard) (Goldcorp) update and Preliminary Economic Assessment (PEA) San Augustin (Silver Standard) La Preciosa Camino Rojo • Novel porphyry mineralization controls (Coeur Mining) Legend (Canplats) Cities • 100% owned Mexico Mines • District scale claim position (37,000 hectares) Chihuahua-Zacatecas Silver-Gold Belt • Ideal mining and infrastructure setting E of the Sierras Km 0 100 200 300 100 200 Mi 0 TSX: LVN 3 3
Cordero drilling Since 2009 Levon Discovery Four phases of exploration drilling to reach the 2018 resource and PEA 132,000 meters core drilling in 292 holes TSX: LVN 4 4
From discovery to world-class resource in 5 years THE CORDERO PROJECT Silver: Zinc: Lead: Gold: 407.8M oz indicated, 8M lbs indicated, 3.8M lbs indicated, 1.27M oz Indicated, 187.5M oz inferred* 4.7M lbs inferred* 1.9M lbs inferred* 363K oz Inferred* 2018 Cordero Project Mineral Resources 1 Cut off Resource Million AgEq Ag Zn Pb Au Grade $/t Class Tonnes g/t g/t % % g/t Indicated 990.1 31.92 12.81 0.37 0.17 0.04 15.00 Inferred 282.2 56.43 20.66 0.75 0.3 0.04 ✓ Resource is not drilled off — open to expansion on strike and at depth ✓ Advanced metallurgy targeting improved recoveries 1 Totals may not sum due to rounding. *Resource-related disclosure on the Slide #2: Safe Harbour Disclaimer & Resource Disclosure. TSX: LVN 5
2018 over 1.5 billion contained silver equivalent THE CORDERO PROJECT ounces* 31.1034768 grams in one troy ounce, reported as oz/t (where t= tonne) Contained Ag, Zn, Lbs Pb, Au, Contained Metal AgEq Oz (000s) 2 Oz (000s) (000s) Lbs (000s) Oz (000s) Indicated 1,016,045 407,761 8,030,051 3,774,996 1,273 Inferred 512,017 187,461 4,665,047 1,859,799 363 Total 1,528,062 595,222 12,695,098 5,634,795 1,636 2 Calculated using AgEq g/t as reported in Press Release dated: March 5, 2018 *Resource-related disclosure on the Slide #2: Safe Harbour Disclaimer & Resource Disclosure. TSX: LVN 6
Cordero’s ideal mining infrastructure Easy road access, 10 km off State highway E of Sierras Low relief, rolling topography ideal for open pit mining, mill construction and tailings disposal (dams can be constructed of waste rock and mill tailings) Abundant power and water Skilled, experienced work force only 35 km away in Hidalgo Del Parral with 120,000 people and 35-40% unemployment 7 Chihuahua, Mexico
Scale of modeled open pit Resource blocks crop out at Resource not delineated: Ultimate open pit about surface = low waste-to-ore Open to the south, north, 2.3 km wide x 3 km long strip ratio of 0.94/1 northeast and at depth TSX: LVN 8
Type I Mineralized Diatreme Breccia Phase 1 Discovery Hole C09-5 152M Intersection Grading 80.6 g/T Silver 1.41% Zinc 2.27% Lead 0.61 g/T Gold ✓ Locally high grade. ✓ Mineralization directly analogous to Penasquito mine discovery outcrops. TSX: LVN 9
Type 2 – Pozo De Plata Diatreme Breccia Replacement Mineralization 26M Intersection Grading 410.1 g/t Silver 2.92% Zinc 7.06% Lead 1.057 g/t Gold ✓ Analogous with high grade underground ore at Penasquito. TSX: LVN 10
Type 3 – Cordero Porphyry Zone Porphyry Style Mineralization ✓ Mineralized pervasive potassic alteration cut by incomplete pervasive phyllic alteration (at right) ✓ Disseminated galena, sphalerite and pyrite ✓ At left stockwork vein sphalerite, galena veins and crackle breccia ✓ Key mineralization type of porphyry deposits TSX: LVN 11
District Scale Project & Property 100% Levon Ownership ✓ 37,000 hectares (370 sq km or 143 sq mi) Levon Legend Area of initial 43-101 Resource owned mining claims 2009-2012 Core Drilling Tertiary felsic volcanic ✓ 2013 acquisition of Aida claim consolidates 100% Intrusive centers & diatremes Levon ownership of all mining claims ✓ Key Aida claim drill results better than expected Original claims (30Apr14 press release): ✓ Better grades at depth in newly discovered New claims feeder zones in the center of the resource Area of Current staked 2014 NI 43-101 Resource ✓ Resource exposed to the surface 5km Grid Original New claims claims staked 2014 TSX: LVN 12
2013 Acquisition of the Aida Claim, 2014 Drilling, 2018 Resource Update and PEA – Major Advances ✓ A 2012 PEA Constrained by not trespassing on Aida Resource Proximal Delineation Target claim. ✓ After seven years of negotiations, Levon acquired the Aida claim key Aida Claim in 2013 and Levon now owns all claims and 2013/2014 covering the resource and all claims in the entire drilling district. Previous drill holes ✓ Latest 2017 resource infill definition drilling expands past 2014 resource. ✓ 2018 resource still open to expansion by drilling 1 km grid around its perimeter and at depth (map to left). 30Apr14 Aida Drilling Press Release ✓ 2018 PEA considers an optimized part of the 2018 Cordero Resource (July, 2012) Proximal Resource Delineation Target global resource for mining. N Cordero Project, Chihuahua, Mexico TSX: LVN 13
Drilling The Aida Claim 2013 – 2014 -2017 Results improve continuity and grade of mineralization from surface to feeder Drill results extend zones discovered at depth mineralization across in the center of the resource the Aida Claim 2013 - 2014 drilling 24 holes, 13,072 meters 2017 drilling 18 holes, 5,655 meters TSX: LVN 14 14
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 TSX: LVN 15
What’s Next At Cordero? Advanced Exploration Project Set for Pre-feasibility study Further improve the project’s economics Under the direction of M3 Engineering and Independent Mining Consultants Expand mill design Current 88% metallurgical recoveries from 3rd round bench scale tests likely to improve with additional testing 16
Development strategy Strategic alliance with a major TSX: LVN 17
Is a bull market on the horizon? SILVER – Spot Price (EOD) CME 50 45 40 35 30 Support 25 20 15 10 Support 5 - Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Jan-14 Jan-16 Jan-18 TSX: LVN 18
Mexico: prime country for mining Competitive advantages A mining-friendly, emerging economic powerhouse with exceptional mineral resources, mining history and culture, and skilled labor. 19
Our team President/CEO and Director Ron Tremblay Chairman and Director Daniel Vickerman V..P . Exploration and Director Vic Chevillon, M.Sc., C.P.G. CFO JoAnne Odette Corporate Secretary Christina Boddy Director Gary Robertson Director Edward Karr Mexico Operations Francisco Armenta Ron Tremblay and Vic Chevillon at Cordero 20
Share info and share prices Shares Outstanding 125,617,907 Insiders own Listed on: approximately 18.01% TSX: LVN Options Outstanding 8,846,000 of fully diluted shares OTCQX: LVNVF 2,571,214 at $0.50 Warrants Outstanding Expiring Feb 2020 Fully Diluted 137,035,121 Recent Price $0.31 TSX: LVN Chihuahua, Mexico 21 21
Suite 500, 666 Burrard St. Vancouver, BC V6C 2X8 778.379.0040 IR contact: 604.682.2991 IR@Levon.com levon.com Chihuahua, Mexico
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