Noram Highlights Milestones During 2022

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to review the Company's activities during 2022 and to highlight upcoming catalysts at its 100%-owned high-grade Zeus Lithium Project in Clayton Valley, Nevada.

Highlights of 2022 Corporate Milestones:

• COMPLETION OF STRATEGIC FINANCING:
  • Closing of US$14 Million strategic financing with Waratah Capital Advisors and Lithium Royalty Corp. at $0.825 with no warrant and no finder's fee or commission. Noram is now fully financed through 2023 to complete a Definitive Feasibility Study ("DFS").
• ADDITIONAL MANAGEMENT APPOINTMENTS:
  • In March 2022, the Company appointed Bradley C. Peek, as Vice President of Exploration.
  • In August 2022, the Company appointed Simon D. Studer, as Vice President of Corporate Development - Europe.
  • In October 2022, the Company appointed Dr. Vahid Sohrabi, as Technical Advisor to the Board.
• ZEUS PROJECT ADVANCEMENT:
  • Completed Phase VI exploration program consisting of 12 holes on time and within budget. The focus of the program was to upgrade existing inferred resources into the measured indicated categories to be utilized in the Pre-Feasibility Study.
  • All drill holes intersected high grade lithium over significant lengths and, upon completion in the coming weeks, the Company anticipates a robust 6^th resource model that may align Noram with our peers regarding contained measured and indicated resources of lithium carbonate equivalent ("LCE").
• ANALYST COVERAGE RECEIVED:
  • Two groups announced analyst coverage: Koby Kushner - Mining Analyst at Red Cloud Securities and Sid Rajeev - Fundamental Research Corp.

"2022 was another successful year for Noram and our shareholders. We will end the year in a very strong cash position, with a tightly controlled share structure, debt free, fully financed to reach the final feasibility stage, and with no further dilution to our shareholders until 2024," stated Mr. Sandy McDougall, CEO of Noram. "We remain confident that our pre-feasibility study will be completed in early 2023, and noting the importance of this technical report, our technical team and consultants are working through all components to deliver a quality report. I look forward to a very busy 2023 as we focus on de-risking the Zeus Lithium Project to further rerate Noram amongst its peers."