Noram Ventures Confirms Terms of Transaction with Alba Minerals
TSX.V: NRM
Frankfurt: N7R
OTCBB: NRVTF
FOR IMMEDIATE RELEASE
NORAM VENTURES CONFIRMS TERMS OF
TRANSACTION WITH ALBA MINERALS
Vancouver, British Columbia – September 21, 2018 – Noram Ventures Inc. (TSXV:NRM) (the “Company”).
As previously disclosed, the Company confirms that its’ wholly-owned subsidiary, Green Energy Inc., has entered into
a property purchase agreement, dated effective May 28, 2018 with Alba Minerals Ltd. (“ Alba”), pursuant to which the
Company proposes to acquire the 25% minority interest held by Alba in a series of mineral claims located in Clayton
Valley, Nevada.
In consideration for the interest, the Company will issue to Alba 3,800,000 common shares and will com plete a one -
time cash payment of $400,000. In addition, Alba will receive a right of first refusal to participate in future financings
conducted by the Company to maintain its ownership interest. No finders’ fees or commissions are payable in
connection with the transaction.
Completion of the transaction with Alba remains subject to the approval of the TSX Venture Exchange (the
“Exchange”). The Company and Alba share a common director, and as a result are deemed to be non -arms length
parties under the p olicies of the Exchange. As a result, the Exchange may impose additional conditions on any
approval, including a requirement to provide a valuation of the interest being acquired and to obtain shareholder
approval for the transaction. There can be no gua rantee that approval of the Exchange will be obtained, or that the
transaction will proceed in a timely fashion.
The Company will provide additional information regarding the transaction as soon as it becomes available.
About Noram Ventures Inc.
Noram V entures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior
exploration company, with a goal of becoming a force in the Green Energy Revolution through the deve lopment of
lithium deposits and becoming a low - cost supplier for the burgeoning lithium battery industry. The Company’s
primary business focus since formation has been the exploration of mineral projects. Noram’s long term strategy is to
build a multi -national lithium minerals company to produc e 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/ “Mark R. Ireton”
President & Director
Direct: (604) 761-9994
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 whic h 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 su ch forward-looking information. Forward -
looking information in this news release includes statements regarding, among other things, the completion transactions compl eted in the
Agreement. Factors that could cause actual results to differ materially from su ch 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 frame s 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.