NORAM LITHIUM CORP - NRVTF STOCK NEWS

Noram Lithium Corp. has appointed Greg McCunn as the new Chief Executive Officer, succeeding Sandy MacDougall, who transitions to the role of Chair of the Board. This leadership change aims to guide the company through its development stages at the Zeus Lithium Project in Clayton Valley, Nevada. Noram is well-positioned financially, with approximately CAD$14 million in treasury and no debt, following a productive year highlighted by a successful drilling program and a Preliminary Economic Assessment indicating a potential After-Tax NPV of US$2.67 billion.

Noram Lithium Corp. (TSXV:NRM, OTCQB:NRVTF) provides an overview of 2022 achievements and future initiatives at its Zeus Lithium Project in Nevada.

Key Highlights: Completed US$14 million strategic financing; appointed new management; advanced exploration programs successfully; received analyst coverage. The company positions itself for a strong cash position and aims to finalize a Pre-Feasibility Study by early 2023, with a projected After-Tax NPV of US$2.67 billion at a long-term lithium price forecast.

Noram Lithium Corp. announced the completion of drill hole CVZ-81, reaching a depth of 451.5 feet, with the final assay results showing promising lithium mineralization. This hole marks the conclusion of Noram's Phase VI drilling program and has exceeded expectations, indicating significant improvements to the geological models for the Zeus deposit. The success of this drilling phase is projected to upgrade approximately 175 million tonnes of the deposit from inferred to indicated resource categories, bolstering the company's outlook.

Noram Lithium Corp. announced the completion of core hole CVZ-80, reaching a depth of 356 feet (108.5 m) with significant lithium mineralization. The assay results indicate an interval thickness of 238 feet (72.5 m) and a peak lithium value of 1720 ppm.

This drilling extends known lithium resources and upgrades a portion of the inferred resource to indicated. The Zeus Lithium Project has a resource estimate of 363 million tonnes at 923 ppm lithium. A recent PEA shows an after-tax NPV(8) of US$1.3 billion with an IRR of 31% using US$9,500/tonne lithium carbonate equivalent.

Noram Lithium Corp. announced the completion of drill holes CVZ-77 and CVZ-78 in Clayton Valley, with positive assay results. CVZ-77 reached 458 feet with a weighted average lithium value peaking at 2140 ppm, while CVZ-78 hit 451.5 feet, reaching up to 2100 ppm. Both holes contributed significant lithium samples, enhancing the resource's potential. The results bolster confidence in upgrading a portion of the resource from Inferred to Indicated category. The company's commitment to increasing shareholder value remains strong as they develop their lithium resource.

Noram Lithium Corp. has successfully completed core drill holes CVZ-75 and CVZ-76 at its Clayton Valley Lithium Project. CVZ-75 reached a depth of 326 feet, with significant lithium intersection from 46 to 196 feet, yielding a weighted average of 1,690 ppm Li. CVZ-76, reaching 338 feet, showed high lithium grades from 26 to 126 feet, averaging 1,320 ppm Li. Both drill holes are in a region near Phase V and VI drilling, indicating high lithium continuity. These results are expected to enhance the resource upgrade in the upcoming Preliminary Feasibility Study (PFS).

Noram Lithium Corp. has successfully completed drill hole CVZ-71 at 453.5 feet, revealing significant lithium mineralization. Key findings include an interval of 280 feet averaging 1050 ppm lithium, peaking at 1560 ppm. These results support the company's ongoing Pre-Feasibility Study (PFS) for the Zeus Project, expected to complete by October 2022. Noram’s resource estimates indicate 363 million tonnes grading 923 ppm lithium. The project shows a promising NPV of approximately US$2.6 billion under long-term lithium forecasts.

Noram Lithium Corp. has successfully completed its Phase VI infill drill program at the Zeus Lithium Project in Nevada. The project currently holds a measured resource of 363 million tonnes grading 923 ppm lithium and an inferred resource of 827 million tonnes grading 884 ppm lithium. The Preliminary Economic Assessment (PEA) shows an After-Tax NPV(8) of US$1.3 billion at US$9,500/tonne LCE and US$2.6 billion at US$14,000/tonne LCE. Noram aims to complete a Pre-Feasibility Study (PFS) by fall 2022, upgrading inferred resources and initiating a Plan of Operations.

Noram Lithium Corp. has successfully completed the CVZ-72 drill hole in its Phase VI drilling program at the Zeus Lithium Project, achieving a depth of 428 feet (130.5 m). The assay results indicate the longest and highest-grade interval of lithium mineralization to date, reinforcing high lithium grades across the blanket-like deposit. The current resource estimate stands at 363 million tonnes grading 923 ppm lithium. Following favorable PEA results, which showed an after-tax NPV of US$1.3 billion, the potential for enhanced resource size and value is significant.