NORAM PROVIDES UPDATE ON PHASE 1 DRILLING PROGRAM AND STATUS OF MAIDEN RESOURCE FOR ITS CLAYTON VALLEY LITHIUM PROJECT Noram is one of the largest holders of lithium claims in Nevada’s Clayton Valley
TSX.V: NRM
Frankfurt: N7R
OTCBB: NRVTF
FOR IMMEDIATE RELEASE
NORAM PROVIDES UPDATE ON PHASE 1
DRILLING PROGRAM AND STATUS OF MAIDEN
RESOURCE FOR ITS CLAYTON VALLEY
LITHIUM PROJECT
Noram is one of the largest holders of lithium claims in Nevada’s Clayton Valley
Vancouver, British Columbia – May 2 5th, 201 7 – Noram Ventures Inc. ( TSX-Venture: NRM /
Frankfurt: N7R / OTCBB: NRVTF ) ("Noram" or the "Company ") is pleased to provide an update on
the National Instrument (NI) 43 -101 technical report (the "Technical Report") that is being prepared on its
South Block (Zeus, Zeus XT and Hades) lithium claim groups in Nevada’s Clayton Valley (see Figure 1).
The Company's exploration and core drilling to date on the Clayton Valley properties has been very
encouraging. The large amount of data collected is taking additional time to analy ze and has resulted in
additional holes being planned to augment the Phase 1 drilling. The initial portion of the Phase 1 drilling
yielded lithium assays ranging from 162.5 ppm to 2380 ppm with a weighted average value of 907.8 ppm
Li. The extension of the Phase I drilling program is expected to provide in -fill holes as well as some
additional regional geological information about Noram’s extensive South Block claim holdings.
The Company has been advised that the Technical Report has been materially completed and is currently
undergoing final review and revision. Given the positive results, the Company has been further advised that
the Technical Report will include a maiden lithium carbonate resource estimate, as sufficient drilling has
been completed to establish such an inferred resource.
“We are extremely pleased with the results from our Phase 1 drilling program and expect to have our
initial lithium resource estimate completed shorty. We are advancing to the science stage of the project and
additional expertise has been engaged to consult with Noram’s manag ement on next steps in the lithium
extraction process ,” said Mark Ireton President and CEO of Noram. “The Phase 1 results will also be
instrumental in planning our Phase 2 drilling program that will encompass the Spartan and Hades claims
and enable us to determine the lithium potential of our entire South Block property.”
Noram has amassed one of the largest land packages in Nevada’s Clayton Valley. Its non -contiguous North
and South Blocks now total 888 claims covering 17,738 acres and a re positioned both north and south of
Albemarle’s Silver Peak mine, North America’s only lithium producer.
Bradley Peek, MSc and CPG , who is a Qualified Person as defined under National Instrument 43 -101, is
currently completing the final resource estimate calculations for the Technical Report , which will then be
submitted to IIROC and the TSX Venture Exchange for approval, before the final report is filed under the
Company’s profile on www.SEDAR.com.
Noram Ventures Inc.
12835 Gilden Road, Madeira Park, BC Canada V0N 2H1
Tel.: 604.761.9994 | Website: www.noramventures.com | email: [email protected]
The technical information contained in this news release has been reviewed and approved by Bradley Peek,
MSc and CPG , who is a Qualified Person as defined under National Instrument 43 -101 with respect to
Noram’s Clayton Valley Project.
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 exp loration of
mineral properties. Current projects include lithium properties in the Clayton Valley of Nevada and the
Hector Lode in San Bernardino County, California; and the Jumbo graphite property in southeastern British
Columbia. Noram’s long term strate gy 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.
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
dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward -looking
information should circumstance or management's estimates or opinions change.
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accepts responsibility for the adequacy or accuracy of this release.