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Results from initial 10 holes return lithium values ranging from 600 ppm to a high of 2,320 ppm over 1.22m intervals with an interval-weighted average value of 1,087.1 ppm lithium

Vancouver, British Columbia - February 15, 2017 - Alba Minerals Ltd. ("Alba") (TSX-V: AA.H AXVEF:US) and Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) ("Noram" or the "Company") are pleased to announce the initial sample results from the first 10 holes of the 46-hole Phase I core drilling program that focused on the Zeus portion of its Clayton Valley Lithium Project in Nevada (see Figure 1). The Zeus claims are located within two kilometers (1.25 miles) of Albemarle’s Silver Peak Lithium Mine that has been in production since 1966 and is the only lithium-brine production operation in North America.

The 10 holes consisted of 139.3 meters (457 feet) of core drilling with an average hole depth of 13.9 meters (45.7 feet) and core sampling done primarily on 1.22 meter (4-foot) intervals. Bradley C. Peek, MSc and Certified Professional Geologist supervised the collection of the cores and samples; and sample analysis was performed by ALS Labs (Reno, NV) on 116 samples from the 10 holes using a 4-acid digestion and MS-ICP methods for 48 elements.

Table 1 lists each drill hole’s location (NAD 83, Zone 11S), elevation and depth - all in meters. All holes were vertical. All core size was BQ.

Table 1 - Drill Hole Location Information
Hole IDUTM EastingUTM NorthingApprox. Elev.DepthDip
CVZ-01455519.54180579.71369.615.1-90
CVZ-02455574.94180542.21353.714.6-90
CVZ-03455583.54180419.21357.414.5-90
CVZ-04455652.14180441.41357.914.0-90
CVZ-05455624.44180375.41360.813.4-90
CVZ-06455840.14180350.41362.511.0-90
CVZ-07455608.84180596.21356.314.6-90
CVZ-08455684.34180599.51357.014.5-90
CVZ-09456084.34180778.61369.315.2-90
CVZ-12456147.24180742.41371.412.2-90

Drill holes CVZ-01 through CVZ-08 are located in an area measuring approximately 366 meters (1,200 feet) by 213 meters (700 feet ). The other two holes, CVZ-09 and CVZ-12 are located approximately 366 meters (1,200 feet) northeast of the main drill-hole grouping (see Figure 2). Lithium values were found to be very consistent across both groupings.

Table 2 lists the samples, their intervals, their weights and their lithium analytical results. The core holes were vertical and the sedimentary units that were tested are horizontal or dipping at less than 5º, so the intervals sampled are true widths.

Hole IDSample IDSample Wt.
(kg)
From
(ft)
To
(ft)
From
(m)
To
(m)
Li
(ppm)
CVZ-012895010.76040.001.221010
CVZ-012895020.4481.222.441010
CVZ-012895030.588122.443.661050
CVZ-012895040.812163.664.881120
CVZ-012895050.716204.886.10840
CVZ-012895060.8220246.107.32940
CVZ-012895070.6624287.328.53790
CVZ-012895080.7228328.539.75750
CVZ-012895090.732369.7510.97760
CVZ-012895100.72364010.9712.191010
CVZ-012895110.76404412.1913.41710
CVZ-012895120.76444813.4114.63910
CVZ-012895140.364849.514.6315.09990
CVZ-022895150.42040.001.22940
CVZ-022895160.96481.222.441410
CVZ-022895170.768122.443.661000
CVZ-022895180.8612163.664.881060
CVZ-022895190.916204.886.10770
CVZ-022895200.7220246.107.32920
CVZ-022895210.5624287.328.531140
CVZ-022895220.428328.539.751090
CVZ-022895230.6232369.7510.97850
CVZ-022895250.72364010.9712.19920
CVZ-022895260.8404412.1913.41780
CVZ-022895270.62444813.4114.63720
CVZ-032895510.34040.001.221630
CVZ-032895520.9481.222.441190
CVZ-032895530.868122.443.661100
CVZ-032895540.9212163.664.881330
CVZ-032895550.816204.886.10810
CVZ-032895560.8220246.107.32910
CVZ-032895570.8624287.328.531300
CVZ-032895580.4828328.539.751220
CVZ-032895590.732369.7510.971200
CVZ-032895600.86364010.9712.191280
CVZ-032895610.92404412.1913.41950
CVZ-032895620.644447.513.4114.481050
CVZ-042895630.94040.001.221850
CVZ-042895640.6481.222.441200
CVZ-042895650.848122.443.661050
CVZ-042895660.7212163.664.881160
CVZ-042895670.7216204.886.10880
CVZ-042895680.6620246.107.321090
CVZ-042895690.6824287.328.531290
CVZ-042895700.8628328.539.75670
CVZ-042895710.9432369.7510.97920
CVZ-042895720.76364010.9712.19860
CVZ-042895730.84404412.1913.411010
CVZ-042895740.26444613.4114.021100
CVZ-052895760.3040.001.221530
CVZ-052895770.8481.222.441610
CVZ-052895780.728122.443.661500
CVZ-052895790.712163.664.881630
CVZ-052895800.7616204.886.101110
CVZ-052895810.8820246.107.321000
CVZ-052895820.7424287.328.53900
CVZ-052895830.3828328.539.75930
CVZ-052895840.7432369.7510.971240
CVZ-052895850.8364010.9712.19880
CVZ-052895860.84404412.1913.41860
CVZ-062895430.72040.001.221400
CVZ-062895440.9481.222.44990
CVZ-062895450.728122.443.66980
CVZ-062895461.0212163.664.881400
CVZ-062895470.7616204.886.102320
CVZ-062895480.9420246.107.321290
CVZ-062895491.324287.328.53940
CVZ-062895501.7428328.539.751040
CVZ-062896011.223236.259.7511.05940
CVZ-072896310.54040.001.221050
CVZ-072896320.76481.222.441130
CVZ-072896330.98122.443.661280
CVZ-072896340.8212163.664.88970
CVZ-072896350.9416204.886.10970
CVZ-072896360.9220246.107.32750
CVZ-072896370.8424287.328.531010
CVZ-072896381.1228328.539.75990
CVZ-072896390.5832369.7510.97900
CVZ-072896400.84364010.9712.19940
CVZ-072896410.42404412.1913.41810
CVZ-072896420.74444813.4114.63690
CVZ-082895880.42040.001.221020
CVZ-082895890.68481.222.441080
CVZ-082895900.568122.443.661010
CVZ-082895910.4812163.664.881130
CVZ-082895920.5616204.886.101340
CVZ-082895930.9420246.107.321150
CVZ-082895940.9224287.328.53980
CVZ-082895950.8828328.539.75870
CVZ-082895960.532369.7510.97600
CVZ-082895970.8364010.9712.19890
CVZ-082895981404412.1913.411070
CVZ-082895990.8444813.4114.63850
CVZ-092896030.52040.001.221020
CVZ-092896040.74481.222.44980
CVZ-092896050.728122.443.661180
CVZ-092896060.812163.664.881260
CVZ-092896070.6616204.886.101630
CVZ-092896080.5420246.107.32930
CVZ-092896090.5424287.328.531220
CVZ-092896100.7228328.539.751460
CVZ-092896110.732369.7510.971800
CVZ-092896120.76364010.9712.191590
CVZ-092896130.3404412.1913.411320
CVZ-092896140.36444813.4114.631210
CVZ-092896150.38485014.6315.241050
CVZ-122896170.66040.001.221060
CVZ-122896180.52481.222.441110
CVZ-122896190.248122.443.661010
CVZ-122896200.2212163.664.88920
CVZ-122896210.9216204.886.10980
CVZ-122896221.2820246.107.321780
CVZ-122896230.9824287.328.531050
CVZ-122896241.0428328.539.75860
CVZ-122896251.1232369.7510.971070
CVZ-122896261.08364010.9712.191030

Samples intervals were split by geologists at the drilling program staging area. Half of the core was retained in the core boxes for future review and/or sampling. The other half was securely sent to ALS Laboratories in Reno, Nevada, USA for testing. Core recovery for these first 10 core holes averaged 79.5%.

The lithium content of the 116 samples had an interval-weighted average of 1,087.1 ppm with a minimum value of 600 ppm and a maximum value of 2,320 ppm, both over 1.22m (4 ft) intersections. The samples had a median value of 1020 ppm Li. These results are well above those seen in the 73 surface samples collected from the drilling area and analyzed during exploration work in 2016 and indicate that some leaching of the lithium has occurred at surface.

Laboratory standards with two different lithium ranges (1,237 ppm and 783 ppm) were inserted into the sample stream, along with lithium blanks and duplicate samples (8 QA/QC samples, in all, with this sample batch). The standards and blanks were obtained from MEG Labs of Reno, Nevada, USA. Duplicate samples were obtained by splitting the remaining half of the split core (1/4 of the original core). All analyses of the standards, blanks and duplicates were well within acceptable ranges.

"These initial results are better than expected and it is rare to see drill core sample values that exceed the best of previously reported surface-sampling results (Dec 8 2016). The amazing consistency of the lithium values, both vertically and horizontally, across the initial 10 holes is also very encouraging," said Mark Ireton President and CEO.

Analytical results from the remaining 36 drill holes from the Phase 1 drilling program are pending.

Noram is amassing one of the largest land packages in Nevada’s Clayton Valley. Its non-contiguous North and South Blocks now total 888 claims covering 17,738 acres and are positioned both north and south of Albemarle’s Silver Peak mine, North America’s only lithium producer.

The technical information contained in this news release has been reviewed and approved by Bradley C. Peek, MSc and Certified Professional Geologist, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.

About Alba Minerals Ltd.:

Alba Minerals Ltd. (TSX-V: AA.H AXVEF:US) is a Vancouver based junior resource company focusing on the development of Lithium properties in the Clayton Valley of Nevada where drill results have delivered the highest Lithium values to date. Alba also continues to move forward on it’s Salta Lithium Project in Argentina.

Please visit our web site for further information: www.albamineralsltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ "Arthur Brown"

CEO & Director

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.

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.

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