Noram Cancels Options

TSX.V: NRM

Frankfurt: N7R

OTCQB: NRVTF

FOR IMMEDIATE RELEASE

NORAM CANCELS OPTIONS

Vancouver, British Columbia – May 26, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX -

Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) has cancelled an aggregate of 250,000 incentive stock

options that were previously held by directors and officers. These options were exercisable at a price of

$0.79 per option and expired on January 13, 2031.

About Noram Ventures Inc.

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

company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Company’s primary

business is the Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada. The Zeus P roject has a current resource

estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045

ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent – “LCE”.

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/ “Anita Algie”

Director and CFO

Office: (604) 553-2279

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 regard ing, among other things, the completion transactions completed in the

Agreement. Factors that could cause actual results to differ materially from such forward -looking information include, but are not limited to,

regulatory approval processes. Although Nor am 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 infor mation, 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.