Noram Drills One of Thickest Claystone Intersections to Date IN Previously Undrilled Area
TSX.V: NRM
Frankfurt: N7R
OTCQB: NRVTF
FOR IMMEDIATE RELEASE
NORAM DRILLS ONE OF THICKEST CLAYSTONE INTERSECTIONS TO DATE IN
PREVIOUSLY UNDRILLED AREA
Vancouver, British Columbia – November 17, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM
/ Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce the completion of Hole #1 (CVZ-61) at a depth
of approximately 417ft (127m) and with an intersection of approximately 297ft (91m). CVZ-61 was drilled
on the southeast side of the northeast-trending fault in a previously unexplored area. At this point it is unclear
whether the SE side of the fault has been raised or lowered in relation to the NW side. “Noram specifically
designed this program to sizably expand the area of exploration and better delineate the resource area. The
Company will use these data for feasibility studies in the near future,” stated President and CEO, Dr. C.
Tucker Barrie.
Image 1 – a portion of the over 297ft of lithium-hosted clays from CVZ-61. Greenish-blue clays typically indicating higher levels of lithium.
Figure 1 – Phase V Drill Program (shown left) and CVZ-61/Hole #1 highlighted in yellow (F) in previously undrilled area of the Zeus Property.
CVZ-61 intersected one of the thickest sections of claystone to date. Phase IV Drill Program (shown right) and the most proximal hole to
CVZ-61 highlighted in yellow (CVZ-53) for reference.
Noram Ventures Inc.
Suite 2150 - 555 West Hastings Street, Vancouver, BC, Canada, V6B 4N6
Tel.: 604-553-2279 | Website: www.noramventures.com | email: [email protected]
The diagram above compares drill hole CVZ-61 to nearby drill hole CVZ -53 which is located ~350 meters
to the north. A histogram of the lithium grades (shown in ppm) is illustrated in dark blue for CVZ -53 to the
right of the stratigraphic column. Assays are not yet available for CVZ-61 but are to be processed on a “rush”
basis at ALS Laboratories in Reno, Nevada. The layers in the diagram shown in blue, light green and purple
are the beds of claystone which have been shown in past drill holes to contain high lithium grades.
“I am very pleased with the results of core hole CVZ-61. It was drilled in an area with no previous drilling
data and intersected one of the thickest sections of claystone seen in Noram’s drilling to date. This hole bodes
well for the remaining holes in this Phase V dr illing program in which all holes are expected to add
significantly to the property’s lithium resource”, states Brad Peek, consulting geologist and Qualified Person
for this and all 4 of the previous drilling phases of Noram’s Zeus lithium property.
The technical information contained in this news release has been reviewed and approved by Brad Peek.,
M.Sc., P. Geo., who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined
under National Instrument 43-101.
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 develo ping lithium deposits and becoming a low - cost supplier. 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 li thium 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
Noram Ventures Inc.
Suite 2150 - 555 West Hastings Street, Vancouver, BC, Canada, V6B 4N6
Tel.: 604-553-2279 | Website: www.noramventures.com | email: [email protected]
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.