Noram Receives Results FOR CVZ-71: High-Grade Intercept of 280.0 FT (85.3 M) Averaging 1050PPM & High of 1560 PPM
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
NORAM RECEIVES RESULTS FOR CVZ-71:
HIGH-GRADE INTERCEPT OF 280.0 FT (85.3 M) AVERAGING 1050PPM
& HIGH OF 1560 PPM
Vancouver, British Columbia – May 26, 202 2 – 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 -71 (PH-10) and release of the final assay results . The Company
completed core hole CVZ-71 at a depth of 453.5 feet (138.2 m). Sampling for assay began at 30 ft (9.1 m)
and continued to the bottom of the hole. An interval thickness of 280 ft (85.3 m) was intersected from 140
ft (42.7 m) to 420 ft (128.0 m). The hole ended in mineralization and the weighted average lithium values
present were as follows:
Depth of Interval Intersection Total thickness Weighted Average Lithium
(ppm)
140 ft to 420 ft (42.7 m to 128.0 m) 280.0 ft (85.3 m) 1050.0 ppm
FIGURE 1 – Example of core from CVZ -71, the first hole drilled using PQ core. PQ -sized core has a larger
diameter to provide more material for ongoing metallurgical testing. This particular section shows the transition
from olive claystones to the blue reduced claystones. As a general rule, demonstrated by previous programs, t he
blue claystones tend to have higher lithium values.
Figure 2. Comparative stratigraphy and assay results for drill hole CVZ-71 as compared to previously drilled holes
CVZ-51 and CVZ-70. CVZ-51 and CVZ-70 both had long intercepts of high-grade lithium mineralization. The
histogram on the sides of the holes are the composited lithium grades in ppm Li. The cross section has a 4X vertical
exaggeration.
“As Noram moves toward completion of the Zeus property’s PFS, now on schedule for completion in
October 2022, the assay results from CVZ -71 provide another long, high -grade intercept to the list of
drillholes that is expected to upgrade a major portion of the deposit from an i nferred resource to the
indicated resource category” comments Brad Peek, VP of Exploration and geologist on all six phases of
Noram’s Clayton Valley exploration drilling.
Hole ID Sample No. From (ft) To (ft) From (m) To (m) Li (ppm)
CVZ-71 1748556 30 35 9.1 10.7 660
CVZ-71 1748557 35 40 10.7 12.2 500
CVZ-71 1748558 40 45 12.2 13.7 780
CVZ-71 1748559 45 50 13.7 15.2 450
CVZ-71 1748560 50 55 15.2 16.8 440
CVZ-71 1748561 55 60 16.8 18.3 399
CVZ-71 1748562 60 65 18.3 19.8 450
CVZ-71 1748563 65 70 19.8 21.3 440
CVZ-71 1748564 70 75 21.3 22.9 550
CVZ-71 1748565 75 80 22.9 24.4 620
CVZ-71 1748566 80 85 24.4 25.9 490
CVZ-71 1748567 85 90 25.9 27.4 610
CVZ-71 1748568 90 95 27.4 29.0 412
CVZ-71 1748569 95 100 29.0 30.5 800
CVZ-71 1748570 100 105 30.5 32.0 640
CVZ-71 1748571 105 110 32.0 33.5 910
CVZ-71 1748572 110 115 33.5 35.1 750
CVZ-71 1748573 115 120 35.1 36.6 520
CVZ-71 1748574 120 125 36.6 38.1 550
CVZ-71 1748575 125 130 38.1 39.6 560
CVZ-71 1748576 130 135 39.6 41.1 580
CVZ-71 1748577 135 140 41.1 42.7 890
CVZ-71 1748578 140 145 42.7 44.2 1190
CVZ-71 1748579 145 150 44.2 45.7 1050
CVZ-71 1748580 150 155 45.7 47.2 610
CVZ-71 1748581 155 160 47.2 48.8 1060
CVZ-71 1748582 160 165 48.8 50.3 770
CVZ-71 1748583 165 170 50.3 51.8 740
CVZ-71 1748584 170 175 51.8 53.3 810
CVZ-71 1748585 175 180 53.3 54.9 750
CVZ-71 1748586 180 185 54.9 56.4 680
CVZ-71 1748587 185 190 56.4 57.9 1180
CVZ-71 1748588 190 195 57.9 59.4 1040
CVZ-71 1748589 195 200 59.4 61.0 1930
CVZ-71 1748590 200 205 61.0 62.5 1270
CVZ-71 1748592 205 210 62.5 64.0 870
CVZ-71 1748593 210 215 64.0 65.5 860
CVZ-71 1748594 215 220 65.5 67.1 810
CVZ-71 1748595 220 225 67.1 68.6 1260
CVZ-71 1748596 225 230 68.6 70.1 880
CVZ-71 1748597 230 235 70.1 71.6 850
CVZ-71 1748598 235 240 71.6 73.2 1210
CVZ-71 1748599 240 245 73.2 74.7 960
CVZ-71 1748600 245 250 74.7 76.2 1160
CVZ-71 1851201 250 255 76.2 77.7 1130
CVZ-71 1851202 255 260 77.7 79.2 1090
CVZ-71 1851203 260 265 79.2 80.8 1170
CVZ-71 1851204 265 270 80.8 82.3 1150
CVZ-71 1851205 270 275 82.3 83.8 1430
CVZ-71 1851206 275 280 83.8 85.3 1110
CVZ-71 1851207 280 285 85.3 86.9 1070
CVZ-71 1851208 285 290 86.9 88.4 1040
CVZ-71 1851209 290 295 88.4 89.9 1180
CVZ-71 1851210 295 300 89.9 91.4 1410
CVZ-71 1851211 300 305 91.4 93.0 1370
CVZ-71 1851212 305 310 93.0 94.5 1410
CVZ-71 1851213 310 315 94.5 96.0 1360
CVZ-71 1851214 315 320 96.0 97.5 860
CVZ-71 1851215 320 325 97.5 99.1 750
CVZ-71 1851216 325 330 99.1 100.6 1070
CVZ-71 1851217 330 335 100.6 102.1 1150
CVZ-71 1851218 335 340 102.1 103.6 840
CVZ-71 1851219 340 345 103.6 105.2 900
CVZ-71 1851220 345 350 105.2 106.7 820
CVZ-71 1851221 350 355 106.7 108.2 820
CVZ-71 1851222 355 360 108.2 109.7 930
CVZ-71 1851223 360 365 109.7 111.3 1010
CVZ-71 1851224 365 370 111.3 112.8 970
CVZ-71 1851225 370 375 112.8 114.3 810
CVZ-71 1851226 375 380 114.3 115.8 1060
CVZ-71 1851227 380 385 115.8 117.3 950
CVZ-71 1851228 385 390 117.3 118.9 910
CVZ-71 1851229 390 395 118.9 120.4 1020
CVZ-71 1851230 395 400 120.4 121.9 1070
CVZ-71 1851231 400 405 121.9 123.4 1510
CVZ-71 1851232 405 410 123.4 125.0 1560
CVZ-71 1851233 410 415 125.0 126.5 960
CVZ-71 1851234 415 420 126.5 128.0 970
CVZ-71 1851235 420 425 128.0 129.5 860
CVZ-71 1851236 425 430 129.5 131.1 720
CVZ-71 1851237 430 435 131.1 132.6 660
CVZ-71 1851238 435 440 132.6 134.1 700
CVZ-71 1851239 440 445 134.1 135.6 690
CVZ-71 1851240 445 450 135.6 137.2 760
CVZ-71 1851241 450 453.5 137.2 138.2 770
Table 1 – Sample results from CVZ-71 from 30 ft (9.1 m) to depth of 453.5 ft (138.2 m).
The samples were analyzed by the ALS laboratory in Reno, Nevada. Certified reference standard 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 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 Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well -financed Canadian based
advanced Lithium development stage com pany 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$14,00 0/tonne, the
PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14, 000/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 the policies of the TSX Ven ture Exchange)
accepts responsibility for the ade quacy 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 t he 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 ne ws 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 ev ents 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).