Noram Provides Corporate Update ON Jumbo Graphite Project and Arizaro Lithium Project
FOR IMMEDIATE RELEASE
NORAM PROVIDES CORPORATE UPDATE ON JUMBO GRAPHITE
PROJECT AND ARIZARO LITHIUM PROJECT
Vancouver, British Columbia – April 10th, 2018 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM
/ Frankfurt: N7R / OTCBB: NRVTF has elected to allow the Jumbo claims to lapse in fiscal 2018.
Additionally, the Company will re-evaluate its exploration plans for the Arizaro East Project given that
exploration results were less favourable than anticipated.
The Company has decided not to pursue the Jumbo Graphite Project. The exploration and maintenance requirements for fiscal
2018 are significant due to the size of the Property and length of time of ownership. Annual maintenance fees have quadrupled
since the option was first granted. Thus the Company has elected to allow the claims to lapse in order to preserve its working
capital and pursue properties of greater potential to enhance shareholder value.
The Company has completed a preliminary exploration program at the Arizaro property located in northern Argentina. The
property covers an area in the Salar de Arizaro, a basin where a saline crust of varying thickness is present. Twenty-five
samples were collected over an area of approximately 8 square kilometres and locations noted by GPS. The program was
supervised by a geologist familiar with the region. Samples of sediments below the crust were collected at depths of 0.5 to 1.5
metres and analyzed by SGS del Peru S.A.C., an Iso accredited laboratory. Lithium values ranged from 32 to 100ppm. The
Company will evaluate the project before undertaking additional exploration work.
The Clayton Valley Lithium Project, Nevada will remain Noram’s principal Project and Property of Merit.
The technical information contained in this news release has been reviewed and approved by the Company’s geologist, Glen
MacDonald P.Geo., who is a Qualified Person as defined under National Instrument 43-101.
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 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 in 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
“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 materially 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.
TSX.V: NRM
Frankfurt: N7R
OTCBB: NRVTF