Twenty four (24) core holes (13,072 metres [m]) were drilled on a 100 m drill grid, testing the recently acquired Aida claim, (see news release dated July 10, 2013) which is located in the center of the Cordero project. Assays for 14 of the 24 holes have been received and are described in this release. The pending assays of the remaining 10 holes will be reported when available, then all project drill data will be forwarded to Independent Mining Consultants ("IMC") to prepare an updated Cordero resource estimate.

The current exploration drill assay results reveal that strong bulk tonnage silver (Ag), gold (Au), zinc (Zn), and lead (Pb) mineralization extends from surface, over broad intervals within and near the Aida claim. Three (3) of the newly reported exploration holes also intersected wide, higher grade mineralization across mineralized volcanic feeder zones at depth within the volcanic Cordero Felsic Dome Complex (the "Dome"). The mineralization is revealed in the highlighted drill hole composite assays, and summary tables described in this release.

Assay Reporting

The Ag, Au, Zn, Pb polymetallic assays include the final lab assays for Ag, Au, Zn Pb from the core samples. All drill core was sawed and sampled through 2 m continuous intervals and assayed.
Drill hole assay composites were calculated using the IMC and M3 metal prices, criteria, projected recoveries, and cut offs used in their calculation of the Cordero resource (see July 31, 2012 technical report, as amended and restated May 10, 2013) and modeling in the PEA (see March 12, 2012 PEA, as amended and restated May 8, 2013). The PEA provides the details of the NSR modeling. Management believes the metal prices used in the PEA continue to be good long term estimates, and the prices used are: USD$25/oz Ag, $1,000/oz Au, $1.00/ Pb Zn and Pb to calculate and NSR/t value for each 2 m core sample interval. A USD$6 NSR/t cutoff over 10 m of assay continuity are the conventions used to pick the limits and extent of drill composite intervals reported.
Calculated silver equivalents (g/t Ag Eq.) reported, are the simple conversion of the NSR/t values to Ag Eq. g/t.

Mineralization Geology

Mineralization associated with the drill intercepts is similar to earlier drill holes of the resource. The Ag, Au, Zn, Pb values are associated with argentiferous galena, sphalerite, and pyrite, with sparse tetrahedrite. Mineralization includes:

Porphyry style disseminated and stock work veined, argentiferous galena, sphalerite, and pyrite, within dacite porphyry, dacite, rhyolite, and associated intrusive contact breccias, hydrothermal breccias, and diatreme breccias of the Dome.
Mineralized limestone in contact breccias, hornfels zones (contact metamorphosed limestone) traces of higher grade metamorphosed garnet skarn.
High grade manto replacement zones within limestone host rocks.
Early and late mineralized diatreme breccias, that cut the Dome and limestone host rocks.
Through going late veins of calcite, barite, sphalerite, and argentiferous galena
Later stage sphalerite rich stockwork veins.

At least seven episodes of mineralization have been identified within the Dome through geologic cross cutting relationships exposed in the drill core, and this complex mineralization is a key attribute of the system.

Drilling Objectives

The goal of the Phase 4 drilling program was to extend the mineralization across the newly acquired Aida claim in order to expand the Cordero resource in a future independent resource estimate update. The Aida claim covers 16 hectares (measuring about 600 m by 300 m) and is surrounded by holes and drill intercepts within the latest resource model.

The latest 24 exploration core holes (13,071 m) were drilled from October to February 13, 2014, bringing total project drilling to 126, 917 m through 274 core holes since Levon’s initial discovery in September, 2009.

Levon’s most recent resource estimate (Table 6) is contained in a technical report dated July 31, 2012, as amended and restated May 10, 2013, prepared by IMC in collaboration with M3 is available for viewing on Levon’s website and on SEDAR. The Levon website (www.levon.com) and its links provide complete background on the Cordero project.