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VHV Valley High Ltd Com

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Share Name Share Symbol Market Type
Valley High Ltd Com TSXV:VHV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Levon Clarifies Technical Disclosure Related to Its Congress Property

06/05/2011 12:29am

Marketwired Canada


Levon Resources Ltd. ("Levon" or the "Company") (TSX
VENTURE:LVN)(BERLIN:LO9)(FRANKFURT:LO9) is issuing the following news release to
clarify its technical disclosure regarding the Congress property as a result of
a review by the British Columbia Securities Commission.


Presently, the Company's only material property is the Cordero-Sanson Property
("Cordero") 37 km northeast of the town of Hidalgo Del Parral, in the state of
Chihuahua in north central Mexico. The Company acquired a 51% interest in
Cordero pursuant to an agreement it entered into with Valley High Ventures Ltd.
("VHV") in February, 2009, and acquired the remaining 49% of Cordero which it
did not own through the acquisition of VHV in March, 2011. 


Prior to the Company's acquisition of its interest in Cordero, the Company's
sole material property was the Congress property, located near Carpenter Lake,
British Columbia ("Congress"). Congress was the subject of a technical report
prepared in November 2005, as filed on SEDAR (the "Congress Technical Report"),
which classified and restated historical resource estimates as current resources
estimates in a manner not in compliance with the requirements of National
Instrument 43-101. 


This non-compliant disclosure regarding the Congress property was subsequently
replicated in certain of the Company's continuous disclosure documents,
including (a) the Company's annual information form for the year ended March 31,
2010 (the "AIF"); (b) certain news releases of the Company (including those
dated November 23, 2005 and October 10, 2006) and (c) in disclosure contained on
the Company's website (including investor materials disclosing a current
resource estimate of 194,000 ounces of gold). 


The currently available information on the Congress property is inadequate to
support the disclosure of mineral resources, and any prior disclosure made by
the Company indicating otherwise should be disregarded and should not be relied
upon.


The Company formally retracts all disclosure of any current resource estimates
on the Congress property, has removed all such disclosure from its website, and
will refile on SEDAR its annual information form for the year ended March 31,
2010 to reflect the retraction of such non-compliant disclosure. 


The Company has no plans to carry out additional exploration programs on the
Congress property at this time. 


Vic Chevillon, MA, CPG, Vice President of Exploration for Levon, is a qualified
person within the context of National Instrument 43-101 and has read and takes
responsibility for this news release.


About Levon Resources Ltd.:

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 Company also holds certain interests in three mineral properties
located in British Columbia, Canada, namely the Congress property, the
Goldbridge property (also known as the BRX claims) and the Wayside claims, and
three mineral properties located in Nevada, U.S., namely the Eagle claims and
the Norma Sass and Ruf claims.


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, except as required by applicable laws.


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