Noram Resumes Drill Program: Positive Outlook with Neighbouring Albemarle Expansion and Focus ON Clays
FOR IMMEDIATE RELEASE
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
NORAM RESUMES DRILL PROGRAM: POSITIVE OUTLOOK WITH NEIGHBOURING ALBEMARLE
EXPANSION AND FOCUS ON CLAYS
Vancouver, British Columbia – January 12, 2021 – CDN Maverick Capital Corp. (“Maverick” or the
“Company”) (CSE: CDN; OTCPINK: AXVEF; Frankfurt: A117RU) is updating shareholders on its interest in
Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) who are pleased to
announce that the Company has resumed drilling in Clayton Valley. The expanded permitting was accepted
by the Bureau of Land Management at the end of 2020. Phase V will include 12 holes drilled to a maximum
depth of 500ft. This is the deepest drilling by the Company to date and the 3 completed holes have all shown
favourable clays at depths below 400ft.
On January 7, 2021 , Albemarle Corp.’s Silver Peak operations , with lithium brine evaporation ponds 0.75
miles (1.2 km) from Noram’s the Zeus Property, announced the expansion of their operation s
(https://www.albemarle.com/news/albemarle-announces-expansion-of-nevada-site-to-increase-
domestic-production-of-lithium). In addition, Albemarle intends to initiate a program that “commences
exploration of clays for the commercial production of lith ium as well as evaluate technology that could
accelerate the viability of lithium production from clay resources in the region”. As the only producer of
lithium in North America, this has a profoundly favourable impact on Noram.
CSE: CDN
OTCPINK: AXVEF
Frankfurt: A117RU
“The recent announcements by Tesla, Albemarle and Cypress have been well received by investors. The
lithium industry continues to make headlines in spite of the uncertainly brought about by the pandemic.
Analysts predict a better price environment ahead for lithium; indeed we are seeing the price for lithium
carbonate (99.5% pure) rising in China over the past month. A nd the impending change in administration
in the United States bodes well for the future of green energy in the USA and for Noram,” commented Anita
Algie, CFO and Director.
About CDN Maverick Capital Corp.
CDN Maverick Capital Corp. is a Vancouver-based junior resource company with projects in North America. CDN Maverick is focused on the
development of the following mineral properties:
The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.
The Rainbow Canyon Gold Property consists of 417 hectares of prospective gold exploration in the Olinghouse mining district, in the
Washoe County Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS
“Sandy MacDougall”
Chairman & Director
Phone: (604) 662-7902
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such
forward - looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties
and are not guarantees of future performance of the Company. The following are important factors that could cause the Company ’s actual results
to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty
of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objecti ves to differ materially
from those expressed in the f orward-looking information. Actual results and future events could differ materially from anticipated in such
information. These and all subsequent written and oral forward - looking information are based on estimates and opinions of management on the
dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward -looking
information should circumstance or management’s estimates or opinions change.
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.