MEMBRANE DEVELOPMENT SPECIALISTS PROCESS BENCH TESTING REPORT LITHIUM BEARING SAMPLES Inferred Mineral Resource of approximately 17 million metric tonnes at a grade of about 1,060 ppm Li, which equates to 96,476 metric tonnes of Li Carbonate Equivalent
TSX.V: NRM
Frankfurt: N7R
OTCBB: NRVTF
News Release
MEMBRANE DEVELOPMENT SPECIALISTS
PROCESS BENCH TESTING REPORT
LITHIUM BEARING SAMPLES
Inferred Mineral Resource of approximately 17 million metric tonnes at a grade of about 1,060 ppm Li, which equates
to 96,476 metric tonnes of Li Carbonate Equivalent
Vancouver, British Columbia – November 28th, 2017 – Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt:
N7R / OTCBB: NRVTF (“Noram” or the “Company”) and Alba Minerals Ltd. (“Alba”) (TSX -V: AA.V:
AXVEF:US Frankfurt: A117RU) are pleased to announced that Membrane Development Specialists (“MDS”)
and Au Tec Innovative Extraction Solutions (“AuTec”) have completed a process bench test report, which
concludes that an estimated a total Li recovery after first and second leach steps of 96.25%.
Lithium deposits in Clayton Valley Clays has been known for decades and, in fact, the former bureau of mines
indicated back in 1970’s that acid digestion of lithium clays was technically feasible, but not cost effective due to the
water and acid losses using conventional leaching processes available at the time.
Fast forward 40 years and with the use of ne w, but proven, membrane technologies that use large leach supernatant
volumes at low pH containing dilute (100 -200 ppm) of lithium extracted from clays as feed for series of membrane
processes that purifies and concentrates these dilute lithium solutions i nto purified concentrated lithium streams for
extraction using conventional technologies. MDS concluded the mining of lithium clays we believe is now
economically feasible using MDS Acid Membranes and Systems to purify and concentrate lithium and simultaneously
recover water and acid for reuse in the extraction process. Given the volumes of water and acid needed for the
processing of lithium clay, being able to recover both for reuse in the process makes the process is a huge benefit
which makes the digestion of lithium cost effective and attractive.
In addition, because the Clayton Valley of Nevada has extremely inexpensive power $0.04 kW, and power is
approximately 50% of the operating cost for membrane plants needed for this process, the cost of power translates into
a low operating cost per tonne of lithium carbonate.
Autec’s summary of results on July 24, 2017, i n the report “Noram Bench Test V -3 May -June 17 2017_2”, MDS
reported a Li concentration in the supernatant solution, generated with the optimized leach procedure, of 150 ppm
which is equivalent to 80% of the initial Li reporting to the leach solution. A second leach step was performed on a
subsample of the leached solids by combining 100 g of the moist leached solids (6.5% liquid content) with 200 mL of
water and 10 mL of H2SO4. The second leach step resulted in a Li concentration in the leached solids of 36 ppm or an
equivalent 81% Li recovery. Although the second leach step was not tested on the full-size sample, the results from the
second leach can be used to estimate a total Li recovery after first and second leach steps of 96.25%. In addition to
improving Li recovery, MDS reported that a second acid treatment step enhanced solid-liquid separation and filtering
after leach.
Our focus is not only on finding and developing lithium and graphite deposits, but also on sourcing and supporting
new, environmentally-friendly, processing techniques to produce our lithium and graphite products.” said Noram’s
President Mark Ireton.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) is a Canadian based junior exploration company, with a goal of
becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and
becoming a low -cost supplier for the burgeoning lithium battery industry. The Company’s primary business focus
since formation has been the exploration of mineral projects that include lithium projects in the Clayton Valley in
Nevada, the Arizaro East mineral claim located i n the eastern portion of the Salar de Arizaro in north -western
Argentina and the Jumbo graphite property in British Columbia. Noram’s long term strategy is to build a multi -
national lithium -graphite dominant industrial minerals company to produce and sell lithium and graphite into the
markets of Europe, North America and Asia.
For further information, please visit www.noramventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Mark Ireton”
President & Director
Direct: (604) 761-9994
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 r esults 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 objectives to differ materiall y from th ose expressed in the
forward-looking information. Actual results and future events could differ materially from anticipated in such information. These a nd 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) a ccepts
responsibility for the adequacy or accuracy of this release.