Noram Receives Results FOR CVZ-79: High-Grade Intercept of 260.0 FT (79.2 M) Averaging 1185 PPM & High of 1660 PPM
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
NORAM RECEIVES RESULTS FOR CVZ-79:
HIGH-GRADE INTERCEPT OF 260.0 FT (79.2 M) AVERAGING 1185 PPM
& HIGH OF 1660 PPM
Vancouver, British Columbia – June 16, 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 -79 (PH-05) and release of the final assay results . The Company
completed core hole CVZ-79 at a depth of 503 ft (153.3 m). Sampling for assay began at 30 ft (9.1 m) and
continued to the bottom of the hole, an interval thickness of 260.0 ft (79.2 m) was intersected from 100 ft
(33.5 m) to 360 ft (1 09.7 m). The hole ended in mineralization and t he weighted average lithium values
present were as follows:
Depth of Interval Intersection Total thickness Weighted Average Lithium
(ppm)
100 ft to 360 ft (33.5 m to 109.7 m) 260.0 ft (79.2 m) 1185.0 ppm
Figure 1. Example of core from CVZ-79; the interval from 124.0 to 129.5 ft (37.8 – 39.5 m). This particular section shows the
transition from light olive claystones to the bl ack reduced claystones. As a general rule, demonstrated by previous programs,
the black claystones tend to have higher lithium values.
”CVZ-79 was one of the holes near the eastern edge of Noram’s Zeus property . At this location, it is
anticipated that it will add substantially to Noram’s indicated lithium resource and will reassign a large
portion of the current inferred resource into the indicated category. comments Brad Peek, VP of Exploration
and geologist on all six phases of Noram’s Clayton Valley exploration drilling.
Figure 2. Comparative stratigraphy and assay results for drill hole CVZ-79 as compared to CVZ-75 and CVZ-77, which were
also drilled as part of the Phase IV program. All 3 holes 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.
Figure 3 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 holes completed
during Phase V1. Phase VI holes are indicated in purple
Hole ID From (ft) To (ft) From (m) To (m) Li (ppm)
CVZ-79 40 45 12.2 13.7 253
CVZ-79 45 50 13.7 15.2 411
CVZ-79 50 55 15.2 16.8 840
CVZ-79 55 60 16.8 18.3 930
CVZ-79 60 65 18.3 19.8 620
CVZ-79 65 70 19.8 21.3 650
CVZ-79 70 75 21.3 22.9 800
CVZ-79 75 80 22.9 24.4 810
CVZ-79 80 85 24.4 25.9 590
CVZ-79 85 90 25.9 27.4 920
CVZ-79 90 95 27.4 29.0 560
CVZ-79 95 100 29.0 30.5 730
CVZ-79 100 105 30.5 32.0 1260
CVZ-79 105 110 32.0 33.5 740
CVZ-79 110 115 33.5 35.1 880
CVZ-79 115 120 35.1 36.6 950
CVZ-79 120 125 36.6 38.1 890
CVZ-79 125 130 38.1 39.6 970
CVZ-79 130 135 39.6 41.1 1170
CVZ-79 135 140 41.1 42.7 980
CVZ-79 140 150 42.7 45.7 1040
CVZ-79 150 160 45.7 48.8 1070
CVZ-79 160 170 48.8 51.8 940
CVZ-79 170 180 51.8 54.9 1480
CVZ-79 180 190 54.9 57.9 1430
CVZ-79 190 200 57.9 61.0 1190
CVZ-79 200 210 61.0 64.0 1520
CVZ-79 210 220 64.0 67.1 1640
CVZ-79 220 230 67.1 70.1 1660
CVZ-79 230 240 70.1 73.2 1580
CVZ-79 240 250 73.2 76.2 1240
CVZ-79 250 260 76.2 79.2 1280
CVZ-79 260 270 79.2 82.3 1520
CVZ-79 270 280 82.3 85.3 1480
CVZ-79 280 290 85.3 88.4 1150
CVZ-79 290 300 88.4 91.4 1050
CVZ-79 300 310 91.4 94.5 1010
CVZ-79 310 320 94.5 97.5 990
CVZ-79 320 330 97.5 100.6 1020
CVZ-79 330 340 100.6 103.6 910
CVZ-79 340 350 103.6 106.7 700
CVZ-79 350 360 106.7 109.7 990
CVZ-79 360 370 109.7 112.8 720
CVZ-79 370 380 112.8 115.8 510
CVZ-79 380 390 115.8 118.9 650
CVZ-79 390 400 118.9 121.9 560
CVZ-79 400 410 121.9 125.0 650
CVZ-79 410 420 125.0 128.0 730
CVZ-79 420 430 128.0 131.1 700
CVZ-79 430 440 131.1 134.1 850
CVZ-79 440 450 134.1 137.2 830
CVZ-79 450 460 137.2 140.2 730
CVZ-79 460 470 140.2 143.3 500
CVZ-79 470 480 143.3 146.3 820
CVZ-79 480 490 146.3 149.4 520
CVZ-79 490 497 149.4 151.5 500
CVZ-79 497 503 151.5 153.3 550
Table 1 – Sample results from CVZ-79 from 40 ft (12.2 m) to a total depth of 503 ft (153.3 m).
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 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 company with less than 90 million shares issued and a fully funded treasury.
Noram is aggressiv ely 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 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 includ es 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 pro cesses. 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 forwar d-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).