Noram Receives Results FOR CVZ-66: High of 1540 PPM Intersection of 220FT (67.1 M) Averaging 1124 PPM of Lithium
TSX.V: NRM
Frankfurt: N7R
OTCQB: NRVTF
FOR IMMEDIATE RELEASE
NORAM RECEIVES RESULTS FOR CVZ-66: HIGH OF 1540 PPM
INTERSECTION OF 220FT (67.1 M) AVERAGING 1124 PPM OF LITHIUM
Vancouver, British Columbia – March 2, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX -
Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce the successful completion of
CVZ-66. The Company completed core hole CVZ-66 at a depth of 462 feet (140.8 m). An interval thickness
of 220 ft (67.1 m) was intersected from 212 ft (64.6 m) to 432 ft (131.7 m).
“We are incredibly proud of our progress to date and in particular this phase of drilling. The current
resource has been expanded exponentially by successfully drilling previously unexplored areas of the Zeus
Property to depths of 500 ft and still ending in mineralization. As far as we are aware, these are some of
the deepest and thickest high grade intersections encountered in Clayton Valley” comments Anita Algie,
CFO and Director.
Figure 1a) Strip Log of CVZ-66 outlining the various claystone types encountered at depth from the surface to 432 ft (140.8 m)
b) Zeus Property map showing a) location of current Indicated and Inferred resources at >900ppm Li cut-off; b) location of drill
sites completed or in progress (seen in green) to date for the Phase V 2020 program. Proposed drill sites not yet explored
indicated in white.
Bore
Sample
No.
From
(ft) To (ft) Li (ppm)
CVZ-66 1710311 142 152 670
CVZ-66 1710313 152 162 710
CVZ-66 1710314 162 172 810
CVZ-66 1710315 172 182 800
CVZ-66 1710316 182 192 760
CVZ-66 1710317 192 202 800
CVZ-66 1710319 202 212 700
CVZ-66 1710320 212 222 1120
CVZ-66 1710322 222 232 960
CVZ-66 1710323 232 242 900
CVZ-66 1710324 242 252 860
CVZ-66 1710325 252 262 1540
CVZ-66 1710326 262 272 1320
CVZ-66 1710327 272 282 1250
CVZ-66 1710328 282 292 1460
CVZ-66 1710329 292 302 1500
CVZ-66 1710330 302 312 1360
CVZ-66 1710331 312 322 1250
CVZ-66 1710332 322 332 1200
CVZ-66 1710333 332 342 1160
CVZ-66 1710334 342 352 1110
CVZ-66 1710335 352 362 1100
CVZ-66 1710336 362 372 1010
CVZ-66 1710338 372 382 910
CVZ-66 1710339 382 392 940
CVZ-66 1710340 392 402 990
CVZ-66 1710341 402 412 940
CVZ-66 1710342 412 422 830
CVZ-66 1710343 422 432 1020
CVZ-66 1710345 432 442 750
CVZ-66 1710346 442 452 580
CVZ-66 1710347 452 462 700
Table 1 – Summary of sample results from CVZ-66 from surface to depth of 462 ft.
“I am very encouraged by the consistent thickness and grade of the claystones encountered in our Phase
V drilling. While the color of the claystones may vary, the high lithium grades have been constant thus far
and each drill hole is adding tens of millions of tons to Noram’s next resource estimate”, comments Brad
Peek, consulting geologist on all five phases of Noram’s Clayton Valley exploration drilling.
The technical information contained in this news release has been reviewed and approved by Brad Peek.,
M.Sc., CPG, 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 developing lithium deposits and becoming a low - cost supplier. The Company’s primary
business is the Zeus Lithi um Project (“Zeus”) in Clayton Valley, Nevada . The Zeus Project has a current resource
estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resource, and 77 million tonnes lithium at 1045
ppm lithium as Inferred Resource (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 regarding, among other things,
the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from suc h forward-looking information include,
but are not limited to, regulato ry 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 re vise any forward -looking information, whether as a result of new information, future events or otherwise, other than as
required by applicable securities laws.