NORAM PROVIDES UPDATE ON N.I. 43-101 TECHNICAL REPORT ON ITS CLAYTON VALLEY LITHIUM PROJECT Inferred Mineral Resource of approximately 17 million metric tonnes at a grade of about 1,060 ppm Li, which equates to 96,476 Lithium Carbonate Equivalent (“LCE”).
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TSX-V: NRM
Frankfurt: N7R
OTCBB: NRVTF
News Release
NORAM PROVIDES UPDATE ON N.I. 43-101 TECHNICAL REPORT ON ITS
CLAYTON VALLEY LITHIUM PROJECT
Inferred Mineral Resource of approximately 17 million metric tonnes at a grade of about 1,060 ppm Li, which
equates to 96,476 Lithium Carbonate Equivalent (“LCE”).
Vancouver, British Columbia – November 21st, 2017 – Noram Ventures Inc . (TSX-V: NRM Frankfurt: N7R
OTCBB: NRVTF) (“Noram” or the “Company”) and Alba Minerals Ltd. (“Alba”) (TSX-V: AA.V: AXVEF:US
Frankfurt: A117RU) is pleased to provide a synopsis of its previously disclosed N.I. 43-101 report and its news
release on (August 16th 2017). The Technical Report includes a detailed review of the exploration work
completed to date, an inferred resource estimate, interpretations and conclusions, and recommendations for the
next phases of work.
Noram acquired a land position in the Clayton Valley of Nevada consisting of 646 placer claims, t he land package
covers 12,920 acres (as of September 1, 2017) . The perimeter of Noram’s claims are located within 1 mile (1.6
kilometers) of Albemarle Corporation’s (Albemarle’s) lithium brine operations. Lithium is produced at Albemarle’s
plant from deep wells that pump brines from the basin beneath the Clayton Valle y playa. The plant is the only lithium
producer in the United States and has been producing lithium at this location continuously since 1967.
Between Albemarle’s operation and Noram’s land position lies Pure Energy Minerals’ Clayton Valley South project
where Pure Energy has announced an NI 43 -101 inferred resource of 218,000 metric tonnes of lithium carbonate
equivalent (LCE) above a cutoff of 20 mg/l (Blois et al, 2017). This resource occurs as basinal brines like those at
Albemarle’s project.
Noram’s drilling of 46 shallow core holes into the lithium -rich sediments that were previously identified through
surface sampling has provided a basis for the definition of an inferred lithium resource. The lithium assays from the
drilling provided results that were quite consistent over a reasonably large area of close -spaced drill holes. The model
generated for the inferred resource estimate indicated a zone of higher lithium grades trending northwest -southeast
through the area of the resource, perhaps reflecting an ancient shoreline of the playa lake bed. The model that was
generated from the close -spaced drilling was very homogeneous. The deposit rem ains open in all directions and at
depth and the drilling tested less than 1% of the area covered by the extensive claim holdings.
The model reports an 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 LCE . The level of confidence, i.e., the category, of a resource
estimate may change with additional exploratory work, such as sampling, drilling, etc. The tonnes of LCE is
calculated by multiplying the tonnage of the deposit (17,098,480) times the grade (1060 ppm or 0. 106% or 0.00106)
to get the total amount of lithium metal in the deposit (18,124 tonnes). The amount of lith ium metal is then multiplied
by the lithium to lithium carbonate conversion factor (5.323) to get the total LCE of the deposit (96,476 tonnes). The
conversion factor is based on the relative atomic weights of lithium and lithium carbonate.
The report recommends a second phase of shallow core drilling, requiring a budget estimated to be US $90,000, and a
concurrent pilot-scale test by Membrane Development Specialists to further demonstrate the extractability of lithium
from the clays, the latter program having a budget estimated at US $480,000.
The Complete NI 43 -101 Technical Report is available on SEDAR and on the Company’s web site at
www.noramventures.com.
The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc
and Certified Professional Geologist and Raymond P. Spanjers, MSc, R egistered Professional Geologist who are
Qualified Person’s with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43 -
101.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX -V: 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.
Please visit our web site for further information: www.noramventures.com
About Alba Minerals Ltd
Alba Minerals Ltd. Is a Vancouver based junior resource company with projects in North and South America,
focusing on the development of our Lithium properties. Lithium Projects are located in Clayton Valley Nevada where
Alba has earned a 25 % interest in the project. The second l ithium project Quiron II consist of 2,421 hectares of
prospective exploration property in the Pocitos Salar, Province of Salta, Argentin a. The Project is located
approximately 7 km South East of Millennial Lithium - Southern Lithium JV Pocitos North Cruz Brine Project and
12 km northeast from the Liberty One Lithium Corp.
Please visit our web site for further information: www.albamineralsltd.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Mark R. Ireton”
President & Director
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 Compan y’s actual results
to differ materially from those expressed or implied by such forward lookin g 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 object ives to differ materially
from those expressed in the fo rward-looking information. Actual results and future events could differ materially from anticipated in such
information. These and all subsequent written and oral forward -looking information are based on estimates and opinions of management on the
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