Noram Lithium Drills 260 ft of 1,185 ppm Li at Zeus


Mr. Sandy MacDougall studies

NORAM RECEIVES RESULTS FOR CVZ-79: HIGH-GRADE INTERCEPT OF 260.0 FT (79.2 M) AVERAGING 1185 PPM & HIGH OF 1660 PPM

Noram Lithium Corp. has effectively finished CVZ-79 (PH-05) and launched the overall assay effects. The corporate finished core hollow CVZ-79 at a intensity of 503 toes (153.3 metres). Sampling for assay started at 30 feet (9.1 m) and endured to the ground of the outlet, an period thickness of 260.0 feet (79.2 m) was once intersected from 100 feet (33.5 m) to 360 feet (109.7 m). The outlet resulted in mineralization and the weighted reasonable lithium values provide had been as displayed within the connected desk.

“CVZ-79 was once one of the crucial holes close to the jap fringe of Noram’s Zeus belongings. At this location, it’s expected that it’ll upload considerably to Noram’s indicated lithium useful resource and can reassign a big portion of the present inferred useful resource into the indicated class,” feedback Brad Peek, vice-president of exploration and geologist on all six levels of Noram’s Clayton Valley exploration drilling.

The samples had been analyzed via the ALS laboratory in Reno, Nevada. High quality assurance/high quality keep an eye on samples had been incorporated within the pattern batch and returned values that had been inside of their anticipated levels.

The technical knowledge contained on this information free up has been reviewed and authorized via Brad Peek, MSc, CPG, who’s a certified particular person with recognize to Noram’s Clayton Valley lithium mission as outlined below Nationwide Software 43-101.

About Noram Lithium Corp.

Noram Lithium is a well-financed Canadian-based complex lithium development-stage corporate with not up to 90 million stocks issued and an absolutely financed treasury. Noram is aggressively advancing its Zeus lithium mission in Nevada from the development-stage degree during the of entirety of a prefeasibility learn about in 2022.

The corporate’s flagship asset is the Zeus lithium mission, situated in Clayton Valley, Nevada. The Zeus mission accommodates a present Nationwide Software 43-101 measured and indicated useful resource estimate of 363 million tonnes grading 923 portions in step with million lithium, and an inferred useful resource of 827 million tonnes grading 884 ppm lithium using a 400 ppm Li cut-off. In December, 2021, a strong PEA (initial financial evaluate) indicated an after-tax web provide worth (8 in step with cent) of $1.3-billion (U.S.) and inside price of go back of 31 in step with cent the use of $9,500 (U.S.)/tonne lithium carbonate identical (LCE). The use of the LCE long-term forecast of $14,000 (U.S.)/tonne, the PEA signifies an NPV (8 in step with cent) of roughly $2.6-billion (U.S.) and an IRR of 52 in step with cent at $14,250 (U.S.)/tonne LCE.

Please discuss with our internet website for additional knowledge: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Leader Government Officer and Director
C: 778.999.2159

For more information please touch:
Peter A. Ball
President and Leader Working Officer
peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Mission Trade nor its Law Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Mission Trade)accepts duty for the adequacy or accuracy of this free up. This information free up would possibly comprise forward-looking knowledge which is notcomprised of ancient info. Ahead-looking knowledge comes to dangers, uncertainties and different elements that would purpose precise occasions, effects,efficiency, possibilities and alternatives to fluctuate materially from the ones expressed or implied via such forward-looking knowledge. Ahead-looking knowledge on this information free up contains statements relating to, amongst different issues, the of entirety transactions finished in theAgreement. Components that would purpose precise effects to fluctuate materially from such forward-looking knowledge come with, however aren’t restricted to,regulatory approval processes. Even though Noram believes that the assumptions utilized in making ready the forward-looking knowledge on this newsrelease are affordable, together with that each one vital regulatory approvals will likely be received in a well timed approach, undue reliance must now not be placedon such knowledge, which best applies as of the date of this information free up, and no assurance may also be for the reason that such occasions will happen in thedisclosed time frames or in any respect. Noram disclaims any goal or legal responsibility to replace or revise any forward-looking knowledge, whether or not as aresult of recent knowledge, long run occasions or differently, as opposed to as required via acceptable securities regulations. *Up to date Lithium Mineral ResourceEstimate, Zeus Undertaking, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Initial Financial Evaluation Zeus Undertaking, ABHEngineering (December 2021).

Click on right here to hook up with Noram Lithium (TSXV:NRM; OTCQB:NRVTF; FRA:N7R) to obtain an Investor Presentation

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