Noram Announces Grant of Options

TSX.V: NRM

Frankfurt: N7R

OTCBB: NRVTF

FOR IMMEDIATE RELEASE

NORAM ANNOUNCES GRANT OF OPTIONS

Vancouver, British Columbia – October 12, 2018 – Noram Ventures Inc . (TSX-V: NRM and Frankfurt: N7R)

(“Noram” or the “Company”) would like to announce that it has granted 1,230,000 incentive stock options (the

“Options”) to directors, an officer and consultants of the Company. The Options are exercisable at a price of

$0.16 per share for a period of ten (10) years, expiring on October 12, 2028. All options granted are in accordance

with the Company’s 10% Rolling Stock Option Plan, that was approved by shareholders on June 6, 2017.

About Noram Ventures Inc.

Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior exploration

company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium 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. Noram’s long term strategy is to build a multi -national

lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.

Please visit our web site for further information: www.noramventures.com

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Mark R. Ireton”

President & Director

Direct: (604) 761-9994

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release. This news release may contain forward -looking information which is not comprised of

historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance,

prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information

in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could

cause actual results to differ mat erially from such forward -looking information include, but are not limited to, regulatory approval processes.

Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that

all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies

as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims

any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise,

other than as required by applicable securities laws.