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HomeInvestmentNoram Lithium Drills 260 ft of 1,185 ppm Li at Zeus

Noram Lithium Drills 260 ft of 1,185 ppm Li at Zeus


Mr. Sandy MacDougall studies

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. has efficiently accomplished CVZ-79 (PH-05) and launched the ultimate assay outcomes. The corporate accomplished core gap CVZ-79 at a depth of 503 ft (153.3 metres). Sampling for assay started at 30 ft (9.1 m) and continued to the underside of the opening, an interval thickness of 260.0 ft (79.2 m) was intersected from 100 ft (33.5 m) to 360 ft (109.7 m). The outlet resulted in mineralization and the weighted common lithium values current had been as displayed within the connected desk.

“CVZ-79 was one of many holes close to the jap fringe of Noram’s Zeus property. At this location, it’s anticipated that it’s going to add considerably to Noram’s indicated lithium useful resource and can reassign a big portion of the present inferred useful resource into the indicated class,” feedback Brad Peek, vice-president of exploration and geologist on all six phases of Noram’s Clayton Valley exploration drilling.

The samples had been analyzed by the ALS laboratory in Reno, Nevada. High quality assurance/high quality management samples had been included within the pattern batch and returned values that had been inside their anticipated ranges.

The technical data contained on this information launch has been reviewed and accepted by Brad Peek, MSc, CPG, who’s a certified individual with respect to Noram’s Clayton Valley lithium mission as outlined underneath Nationwide Instrument 43-101.

About Noram Lithium Corp.

Noram Lithium is a well-financed Canadian-based superior lithium development-stage firm with lower than 90 million shares issued and a totally financed treasury. Noram is aggressively advancing its Zeus lithium mission in Nevada from the development-stage stage by the completion of a prefeasibility examine in 2022.

The corporate’s flagship asset is the Zeus lithium mission, positioned in Clayton Valley, Nevada. The Zeus mission accommodates a present Nationwide Instrument 43-101 measured and indicated useful resource estimate of 363 million tonnes grading 923 elements per million lithium, and an inferred useful resource of 827 million tonnes grading 884 ppm lithium using a 400 ppm Li cut-off. In December, 2021, a sturdy PEA (preliminary financial evaluation) indicated an after-tax web current worth (8 per cent) of $1.3-billion (U.S.) and inside fee of return of 31 per cent utilizing $9,500 (U.S.)/tonne lithium carbonate equal (LCE). Utilizing the LCE long-term forecast of $14,000 (U.S.)/tonne, the PEA signifies an NPV (8 per cent) of roughly $2.6-billion (U.S.) and an IRR of 52 per cent at $14,250 (U.S.)/tonne LCE.

Please go to our web page for additional data: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Chief Government Officer and Director
C: 778.999.2159

For extra data please contact:
Peter A. Ball
President and Chief Working Officer
peter@noramlithiumcorp.com
C: 778.344.4653

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change)accepts accountability for the adequacy or accuracy of this launch. This information launch might comprise forward-looking data which is notcomprised of historic info. Ahead-looking data includes dangers, uncertainties and different elements that would trigger precise occasions, outcomes,efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data. Ahead-looking data on this information launch consists of statements concerning, amongst different issues, the completion transactions accomplished in theAgreement. Elements that would trigger precise outcomes to vary materially from such forward-looking data embrace, however aren’t restricted to,regulatory approval processes. Though Noram believes that the assumptions utilized in getting ready the forward-looking data on this newsrelease are cheap, together with that each one essential regulatory approvals might be obtained in a well timed method, undue reliance shouldn’t be placedon such data, which solely applies as of the date of this information launch, and no assurance may be on condition that such occasions will happen in thedisclosed time frames or in any respect. Noram disclaims any intention or obligation to replace or revise any forward-looking data, whether or not as aresult of latest data, future occasions or in any other case, apart from as required by relevant securities legal guidelines. *Up to date Lithium Mineral ResourceEstimate, Zeus Mission, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Financial Evaluation Zeus Mission, ABHEngineering (December 2021).

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