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or Name
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Levon Resources Ltd
Symbol LVN
Shares Issued 231,564,423
Close 2015-05-25 C$ 0.47
Market Cap C$ 108,835,279
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Levon's SciVac nominee Rector to become Levon director

2015-05-26 20:38 ET - News Release

Mr. Ron Tremblay reports

LEVON RESOURCES LTD. ANNOUNCES ADDITIONAL PROPOSED INDEPENDENT DIRECTOR

SciVac Ltd. has advised Levon Resources Ltd. that it intends to nominate David Rector as an additional independent director of the company upon the closing of the previously announced plan of arrangement involving SciVac, Levon and 1027949 B.C. Ltd.

If the arrangement is completed, Mr. Rector will join the five other nominees expected to be appointed as directors of the company, as more fully described in the information circular of Levon dated May 1, 2015, bringing the total number of directors to six.

SciVac has also advised the company that it intends to appoint Mr. Rector to the company's audit committee, upon the completion of the arrangement. If the arrangement is completed, Mr. Rector will join Dr. Dimitry Genkin and Kate Inman on the audit committee of the company.

Mr. Rector has extensive experience in directorship and audit committee roles. Currently, he serves as a director and member of the compensation and audit committee of the Dallas Gold and Silver Exchange Companies Inc. Mr. Rector has been a director of Sevion Therapeutics Inc. since February, 2002, and the interim chief executive officer of Sevion since Jan. 5, 2015. Prior to becoming the interim chief executive officer of Sevion, as an independent director, Mr. Rector served on the audit committee and was the chair of the compensation committee. From January, 2014, to January, 2015, Mr. Rector was the chief operating officer and a director of MV Portfolios Inc. Since 1985, Mr. Rector has been the principal of the David Stephen Group, which provides enterprise consulting services to emerging and developing companies in a variety of industries. Mr. Rector has previously served as an executive officer and a member of the board of directors of numerous other public and private companies. As a result of these professional and other experiences, Mr. Rector has a deep business understanding of developing companies and brings a wealth of corporate governance experience. Mr. Rector received a bachelor of science degree in business/finance from the Murray State University in 1969.

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