Noram Receives Results FOR CVZ-80 with High-Grade Intercept of 238FT and LI High of 1720PPM
Noram Lithium Corp.
Suite 2150 – 555 West Hastings Street
Vancouver BC V6B 4N6
T: 604.553.2279
NORAM RECEIVES RESULTS FOR CVZ-80 WITH HIGH-GRADE
INTERCEPT OF 238FT AND LI HIGH OF 1720PPM
Vancouver, British Columbia – June 23, 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 -80 (PH-12) and release of the final assay results . The Company
completed core hole CVZ-80 at a depth of 356 feet (108.5 m). Sampling for assay began at 118 ft (36.0 m)
and continued to the bottom of the hole, an interval thickness of 238 ft (72.5 m) was intersected. 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)
118 ft to 356 ft (36.0 m to 108.5 m) 238.0 ft (72.5 m) 1168 ppm
Including:
240 ft to 356 ft (75.6 m to 108.5 m) 108.0 ft (32.9 m) 1476 ppm
”Like CVZ-79 just to the north of it, CVZ-80 was drilled along the eastern edge of the Zeus property. These
holes continue to extend the known lithium mineralization in that direction while upgrading a portion of
the inferred resource to the indicated category . We a re very pleased with these thick intersections of
excellent grade material ” 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-80 1851310 118 128 36.0 39.0 990
CVZ-80 1851311 128 138 39.0 42.1 940
CVZ-80 1851312 138 148 42.1 45.1 770
CVZ-80 1851313 148 158 45.1 48.2 780
CVZ-80 1851314 158 168 48.2 51.2 1050
CVZ-80 1851315 168 178 51.2 54.3 900
CVZ-80 1851316 178 188 54.3 57.3 880
CVZ-80 1851318 188 198 57.3 60.4 950
CVZ-80 1851319 198 208 60.4 63.4 840
CVZ-80 1851320 208 218 63.4 66.4 1160
CVZ-80 1851321 218 228 66.4 69.5 910
CVZ-80 1851322 228 238 69.5 72.5 780
CVZ-80 1851323 238 248 72.5 75.6 920
CVZ-80 1851325 248 258 75.6 78.6 1720
CVZ-80 1851326 258 268 78.6 81.7 1490
CVZ-80 1851327 268 278 81.7 84.7 1220
CVZ-80 1851328 278 288 84.7 87.8 1490
CVZ-80 1851329 288 298 87.8 90.8 1370
CVZ-80 1851330 298 308 90.8 93.9 1600
CVZ-80 1851331 308 318 93.9 96.9 1500
CVZ-80 1851333 318 328 96.9 100.0 1500
CVZ-80 1851334 328 338 100.0 103.0 1450
CVZ-80 1851335 338 348 103.0 106.1 1510
CVZ-80 1851336 348 356 106.1 108.5 1360
Table 1 – Sample results from CVZ-80 from 118 ft to a depth of 356 ft.
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.
Figure 2 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 holes
completed for Phase VI. Phase VI holes are indicated in purple.
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 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, 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 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 such forward -looking information include, but are not limited to,
regulatory 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 w ill 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 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).