Noram Receives Results FOR CVZ-70: High of 1930 PPM Intersection of 443FT (135.0 M) Averaging 968 PPM Lithium
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
NORAM RECEIVES RESULTS FOR CVZ-70: HIGH OF 1930 PPM
INTERSECTION OF 443FT (135.0 M) AVERAGING 968 PPM LITHIUM
Vancouver, British Columbia – April 14, 2022 – Sandy MacDougall, CEO of Noram Lithium Corp.
(“Noram” or the “Company”) (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is pleased to announce
the successful completion of CVZ-70 and release of the final assay results. The Company completed core
hole CVZ-70 at a depth of 463 feet (141.1 m). An interval thickness of 443 ft (135.0 m) was intersected
from 20 ft (6.1 m) to 463 ft (141.1 m) which encompasses the entire core hole . The weighted average
lithium values present were as follows:
Depth of Interval Intersection Total thickness Weighted Average Lithium
(ppm)
20 ft to 462 ft (6.1 m to 141.1 m) 443.0 ft (135.0 m) 968.0 ppm
110 ft to 330 ft (33.5 m to 100.6 m) 220.0 ft (67.1 m) 1267.3 ppm
110 ft to 463 ft (33.5 m to 141.1 m) 363.0 ft (110.6 m) 1067.9 ppm
Figure 1. Comparative stratigraphy and assay results for drill holes CVZ-70 as compared to CVZ-61 and CVZ-62,
which were drilled as part of the Phase V program. CVZ-61 and CVZ-62 were two of the longest intercepts drilled
on the property to date. The histogram on the sides of the holes are the composited lithium grades in ppm Li. The
cross section has a 4X vertical exaggeration.
“CVZ-70 is the first hole in Noram’s 12 -hole Phase VI drilling program. The hole clearly shows the
consistently high lithium grades across th is blanket-like mineral deposit.” comments Brad Peek, VP of
Exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.
Hole ID
From
(ft) To (ft) From (m) To (m) Li (ppm)
CVZ-70 20 30 6.1 9.1 710
CVZ-70 30 40 9.1 12.2 910
CVZ-70 40 50 12.2 15.2 580
CVZ-70 50 60 15.2 18.3 710
CVZ-70 60 70 18.3 21.3 690
CVZ-70 70 80 21.3 24.4 940
CVZ-70 80 90 24.4 27.4 810
CVZ-70 90 100 27.4 30.5 940
CVZ-70 100 110 30.5 33.5 830
CVZ-70 110 120 33.5 36.6 1930
CVZ-70 120 130 36.6 39.6 1240
CVZ-70 130 140 39.6 42.7 1050
CVZ-70 140 150 42.7 45.7 1430
CVZ-70 150 160 45.7 48.8 1270
CVZ-70 160 170 48.8 51.8 1450
CVZ-70 170 180 51.8 54.9 1410
CVZ-70 180 190 54.9 57.9 1400
CVZ-70 190 200 57.9 61.0 1240
CVZ-70 200 210 61.0 64.0 1530
CVZ-70 210 220 64.0 67.1 1560
CVZ-70 220 230 67.1 70.1 1500
CVZ-70 230 240 70.1 73.2 1230
CVZ-70 240 250 73.2 76.2 1120
CVZ-70 250 260 76.2 79.2 1150
CVZ-70 260 270 79.2 82.3 990
CVZ-70 270 280 82.3 85.3 1010
CVZ-70 280 290 85.3 88.4 1120
CVZ-70 290 300 88.4 91.4 1110
CVZ-70 300 310 91.4 94.5 1000
CVZ-70 310 320 94.5 97.5 1070
CVZ-70 320 330 97.5 100.6 1070
CVZ-70 330 340 100.6 103.6 880
CVZ-70 340 350 103.6 106.7 690
CVZ-70 350 360 106.7 109.7 660
CVZ-70 360 370 109.7 112.8 730
CVZ-70 370 380 112.8 115.8 760
CVZ-70 380 390 115.8 118.9 880
CVZ-70 390 400 118.9 121.9 750
CVZ-70 400 410 121.9 125.0 770
CVZ-70 410 420 125.0 128.0 570
CVZ-70 420 430 128.0 131.1 470
CVZ-70 430 440 131.1 134.1 510
CVZ-70 440 450 134.1 137.2 560
CVZ-70 450 457 137.2 139.3 1410
CVZ-70 457 463 139.3 141.1 1000
Table 1 – Summary of sample results from CVZ-70 from surface to depth of 463 ft.
“We are very happy with Noram’s progress to date. This phase of drilling will upgrade a substantial amount
of the Inferred Resource to the Indicated category. While we move aggressively forward towards the
completion of our PFS in 2022, we remain focused on our green mandate by explorin g new ingenuitive
solutions. Noram will stay aligned with its values and be a leader in this field while bringing immense value
to the shareholders as it takes the Zeus Project to the next level”, commented Sandy MacDougall, CEO and
Director.
The samples were analyzed by the ALS laboratory in Reno, Nevada. QA/QC samples were included in the
sample batch and returned values that were within their expected ranges.
The technical information contained in this news release has been reviewed and approved by B rad 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 Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well -financed
Canadian based advanced Lithium development stage company with less than 90 million shares
issued and a fully funded treasury . Noram is aggressively advancing its Zeus Lithium Project in
Nevada from the development -stage level through the completion of a Pre -Feasibility Study in
2022.
The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley,
Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of
363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes
grading 884 ppm lithium utilizing a 400 ppm Li cut -off. In December 2021, a robust PEA**
indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium
Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA
indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne
LCE.
Please visit our web site for further information: www.noramlithiumcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Chief Executive Officer and Director
C: 778.999.2159
For additional information please contact:
Peter A. Ball
President and Chief Operating Officer
C: 778.344.4653
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in th e 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 incl udes 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 p rocesses. 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 w ill occur in the
disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forw ard-looking information, whether as a
result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated Lithium Mineral Resource
Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH
Engineering (December 2021).