LVN Levon Resources Ltd.

Levon Resources Ltd. (Levon) (TSX VENTURE:LVN)(BERLIN:LO9)(FRANKFURT:LO9) is
pleased to update the Phase 3 exploration progress at the Cordero Project,
located 35 km northeast of Hildalgo Del Parral in southern Chihuahua, Mexico.


Drilling

The Phase 3 core drilling campaign (59,000 m planned, $14M program, news release
of September 30, 2010) began October 1, 2010 with two drills turning 24 hours
per day, 7 days per week by HD Drilling, Mazatlan, Mexico. Drills 3 and 4 were
added prior to December 5, and Drill 5 is mobilizing to Cordero now to begin
drilling in January.


To date, 37 Phase 3 holes have been drilled (13,071 m, 3 holes in progress) to:



--  Offset and delineate the limits of the Pozo de Plata Diatreme Discovery
    50 m drill grid mineralization (100-150 m grid offsets), including
    extensions toward the Josefina Mine zone drill intercepts 500 m to the
    southeast.
--  Offset discovery holes in the Cordero Porphyry Zone (100-200 m grid
    offsets) located 1.3 km to the northeast of the Pozo de Plata grid.
--  Initially test new 3D induced polarization (IP) conductivity anomalies,
    defined by SJ Geophysics, Vancouver in the Molina de Viento Caldera
    Diatreme target, 7 km SW of the Pozo de Plata discovery drill grid and
    at the SW end of the Cordero Porphyry Belt.



Most drill core assay results are pending, but they are starting to be returned
from the ALS Chemex Vancouver Labs. From Phase 1 and 2 drill results it is clear
that geologic logging of galena and sphalerite in the core, generally correlates
well with returned assays (news release of September 21, 2010). This geologic
feature at Cordero is being utilized to guide Phase 3 drilling and spotting new
holes to stay in mineralization.


Site Storage

Construction has started on the first of two new steel core storage facilities
(28,000 m core capacity each).


Geology

Geologic traverses to follow up on logging of drill core, and the airborne
magnetic results have identified a southern extension of the Cordero Porphyry
target zone, and another potential diatreme zone south of the Pozo de Plata
Diatreme (Pastura Sur target). Both new targets are covered by pasture land and
cornfields, immediately to the south of the main Cordero Porphyry Belt and the
Pozo de Plata Diatreme drill grid. Diatreme float and iron staining has been
found up to 1500 m to the south, along the rims of distinctive circular features
on satellite imagery (rectified, processed color Quickbird images, 60 cm ground
pixel resolution, by Perry Remote Sensing, Denver, Colorado).


Four senior project geologists have been contracted through SPM Geologic
Services, Hemosillo, Mexico to compliment the one Senior Geologist, and Vic
Chevillon at Cordero. The geologic staff maintains timely core mapping, logging
and quality controls on the sampling of all drill core. Alteration zoning
documented in the drill core and recognized through the core layout approach, is
also beginning to guide offset drilling. As in Phase 1 and 2, all core is laid
out on the ground as it appears on cross sections, this improves core logging
and correlations among holes, and facilitates remapping of the core as new
information is gained from the drilling.


Geophysics IP Surveys

SJ Geophysics, Vancouver, B.C, Canada is currently conducting 3D induced
polarization (IP) surveys over the Pozo de Plata, Dos Mil Diez, and Molina de
Viento mineralized diatreme complexes in the southwest portion of the Cordero
Porphyry Belt, including the La Ceniza Stock in the NE part of the Belt. The IP
surveys are also covering the newly recognized S Extension of the Cordero
Porphyry Zone and Pastura Sur targets. The results are being inverted into 3D
and integrated with the gravity, airmag, electromagnetic, (airborne EM)
radiometrics and geology and surface samples, to optimize drill targeting and
spot outlying exploration holes in eight mine scale targets presently recognized
(addition of Pastora Sur and Molina de Viento IP targets, this release and news
release of September 21, 2010).


ELF Surveys

Exploration Syndicate, Inc. has been contracted to conduct an orientation survey
with their novel new, high resolution, ground based magneto telluric ELF system
over the Pozo de Plata and Cordero Porphyry discovery areas, and across other
intrusive centers in the Cordero Porphyry Belt. The technology is designed to
provide deep looking profiles of resistivity bodies that can be associated with
porphyry alteration and mineralization. If the orientation survey is successful
within the grid drilled areas that have excellent 3D geologic drill and assay
control, the technology will be applied to other areas for improvement of 3D
targeting, particularly for deep targets beneath the current drill grids.


Engineering

Independent Mining Consultants (IMC) of Tucson, Arizona are preparing an initial
assay block model on Phase 1 and 2 drilling results in the Pozo de Plata
Diatreme and Josefina Mine target. The model is unconstrained by geology, to be
used in-house for exploration result analysis and Phase 3 drill planning. On the
basis of IMC's initial preliminary exploration assay block model, M3 Engineering
and Technology (M3) Tucson, was contracted to begin engineering infrastructure
studies in the Cordero district and metallurgical test work on the Pozo de Plata
and Cordero Porphyry Zone mineralization.


"IMC and M3 were selected for the initial Cordero engineering studies because of
their knowledge and experience in similar deposits and settings in Mexico. They
did the initial feasibility studies, plant design and purchasing at Penasquito,
and know the key aspects of these types of deposits very well" explains Vic
Chevillon MA, CPG, VP Exploration, Levon Resources, who leads the Cordero
exploration team.


Giovanni Di Prisco, Pertographic Metallurgical Consultant, Toronto has been
retained to provide initial petrographic and scanning electron microscope (SEM)
metallurgical characterization of the Pozo de Plata and Cordero Porphyry Zone
mineralization to guide design of bench scale testing. Drill core sample
selection for the study is underway.


"From the initial Phase 3 geologic results at Cordero over the last two months
we are pleased that offset and delineation drilling results require additional
step out drill holes to define the geometry of the mineralization. When we
started the project in February, 2009, we were hopeful that this might be the
case due to the geology of what we saw then. To see it unfold as it has is
gratifying. We will continue to expand exploration as current exploration
results warrant, finding out what the Cordero upside is as soon as possible. We
believe we are on track to the discovery of a new bulk tonnage District in
Mexico" comments Ron Tremblay, President and CEO, Levon Resources, Ltd.


QA/QC Procedures and Reporting Parameters

All drill holes are HQ core drilled by HD Drilling of Mazatlan, Mexico. HQ
diameter core samples are being collected in continuous two-metre lengths and
cut by sawing. All of the samples are being prepared and analyzed by ALS Chemex
at its labs in Chihuahua, Mexico, and Vancouver, Canada respectively. Gold
analyses are being performed by 30-gram fire assay with an atomic absorption
finish. Silver, zinc and lead were analyzed as part of a multi-element
inductively coupled argon plasma ("ICP") package using a four-acid digestion
with over-limit results being reanalyzed with assay procedures using ICP-AES.


The company employs a rigorous quality assurance and quality control program
that include standardized material, blanks and duplicates. AMEC Americas Ltd.
has designed the QAQC protocol from a study and review of information provided
by the Joint Venture to AMEC. Independent Mining Consultants (IMC), Tuscon,
Arizona reviews QA/QC data on a regular basis.


The project is under the direct supervision of Vic Chevillon, MA, CPG,
Vice-President of Exploration for Levon Resources Ltd. ("Levon") who is a
qualified person within the context of National Instrument 43-101, has read and
takes responsibility for this news release. 


The property comprises wholly-owned claims and consolidated land agreements that
total about 20,000 hectares and is being explored in the Joint Venture by Levon
and Valley High Ventures, Ltd. (VHV) wherein Levon is 51% owner and operator of
the project and holds 49% in trust for VHV.


Corporate

Levon and Valley High Ventures, Ltd. have signed the definitive Cordero Joint
Venture Agreement as of April 01, 2010 with the terms of the original letter of
intent signed February 11, 2009. 


Levon has set up a wholly owned Mexican subsidiary, Administracion de Proyectos
Levon en Mexico, S.A. de C.V. (Levon en Mexico) to conduct Cordero and other
exploration activities in Mexico. Levon en Mexico is headquartered in Durango,
Mexico with its main Cordero Project field office in the historical mining town
of Hildalgo Del Parral.


Levon is a junior gold and precious metals exploration company exploring the
Cordero silver, gold, zinc and lead project near Hidalgo Del Parral, Chihuahua,
Mexico. The Norma Sass and Ruf claims located near the Pipeline gold deposit,
which is being mined and explored by Barrick Gold Corporation in the heart of
the Cortez Gold Trend in Lander County, Nevada, USA. The Company also holds key
land positions at Congress, BRX, and Wayside in the productive Bralorne Gold
camp of British Columbia, Canada.


LEVON RESOURCES LTD.

Ron Tremblay, President and CEO

This release contains statements that are forward-looking statements and are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the obligation to
update any forward-looking statement.

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