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Median lithium value in first two batches of drill core samples exceeds average lithium value of previously reported surface samples by 64% and 57%, respectively to a new average of 1,040ppm from 600ppm taken from original grab samples

Vancouver, British Columbia - February 28th, 2017 - Noram Ventures Inc. (TSX-Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) (“Noram” or the “Company”) and Alba Minerals Ltd. (“Alba”) (TSX-V: AA.H AXVEF:US) are pleased to announce the second batch of drill core sample results from the 46-hole Phase I 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 second group of 10 holes reported herein consisted of 151.4 meters (497 feet) of core drilling with an average hole depth of 15.1 meters (49.5 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 126 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
Easting
UTM
Northing
Approx. Elev.DepthDip
CVZ-10455973.04180837.4133910.7-90
CVZ-11456051.04180737.3134412.2-90
CVZ-13456091.04180658.0134712.8-90
CVZ-14456131.24180845.8134313.4-90
CVZ-15456187.34180710.1134912.2-90
CVZ-16456196.14180790.9134616.8-90
CVZ-17455850.34180951.7133515.8-90
CVZ-18455835.24180723.9133915.8-90
CVZ-19455971.74180918.5133914.6-90
CVZ-20455837.84180851.7133427.1-90

These drill holes are all located in an area of close-spaced drilling measuring approximately 800 meters (2,600 feet) by 520 meters (1,700 feet)(see Figure 2). Lithium values continue to be very consistent across the close-spaced drilling area.

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
ID
Sample Wt.
(kg)
From
(ft)
To
(ft)
From
(m)
To
(m)
Li
(ppm)
CVZ-102896390.68040.001.221160
CVZ-102896400.64481.222.441320
CVZ-102896410.798122.443.66950
CVZ-102896420.7912163.664.88940
CVZ-102896430.6216204.886.101280
CVZ-102896440.6520246.107.32840
CVZ-102896450.6324287.328.531020
CVZ-102896460.6428328.539.751150
CVZ-102896470.4732359.7510.671320
CVZ-112896720.46040.001.22830
CVZ-112896730.67481.222.44920
CVZ-112896740.898122.443.661110
CVZ-112896750.8212163.664.881210
CVZ-112896760.9516204.886.101790
CVZ-112896770.7820246.107.321240
CVZ-112896780.3924287.328.531500
CVZ-112896791.0828328.539.751580
CVZ-112896800.8232369.7510.971370
CVZ-112896810.53364010.9712.191660
CVZ-132896600.21040.001.221190
CVZ-132896610.54481.222.441080
CVZ-132896620.58122.443.661100
CVZ-132896630.5212163.664.881760
CVZ-132896640.8916204.886.101150
CVZ-132896650.5520246.107.32840
CVZ-132896660.9424287.328.53950
CVZ-132896671.0928328.539.75920
CVZ-132896680.8932369.7510.971140
CVZ-132896690.75364010.9712.191120
CVZ-132896700.53404212.1912.801230
CVZ-142896280.65040.001.221950
CVZ-142896290.69481.222.441100
CVZ-142896300.878122.443.66970
CVZ-142896311.0612163.664.881060
CVZ-142896320.9816204.886.101210
CVZ-142896330.8220246.107.321400
CVZ-142896341.224287.328.531340
CVZ-142896350.9628328.539.751760
CVZ-142896361.0332369.7510.971930
CVZ-142896371.07364010.9712.191700
CVZ-142896380.93404412.1913.411690
CVZ-152896490.6040.001.221040
CVZ-152896500.96481.222.44780
CVZ-152896511.038122.443.66540
CVZ-152896520.8712163.664.88780
CVZ-152896531.0116204.886.101120
CVZ-152896540.9420246.107.32890
CVZ-152896550.7224287.328.53870
CVZ-152896560.9528328.539.751130
CVZ-15289657132369.7510.971050
CVZ-152896581.01364010.9712.19920
CVZ-162897110.56481.222.44900
CVZ-162897120.588122.443.66930
CVZ-162897130.7612163.664.881200
CVZ-162897140.7416204.886.10950
CVZ-162897150.6620246.107.321220
CVZ-162897160.6824287.328.531720
CVZ-162897170.6828328.539.75950
CVZ-162897180.6832369.7510.971110
CVZ-162897190.66364010.9712.19920
CVZ-162897200.7404412.1913.41870
CVZ-162897210.62444813.4114.63920
CVZ-162897220.96485214.6315.851010
CVZ-162897230.62525515.8516.761230
CVZ-172896830.42040.001.221090
CVZ-172896840.76481.222.44900
CVZ-172896850.568122.443.66880
CVZ-172896860.512163.664.88640
CVZ-172896870.4916204.886.10880
CVZ-172896880.7520246.107.32960
CVZ-172896890.7724287.328.53920
CVZ-172896900.6728328.539.75650
CVZ-172896910.8932369.7510.97730
CVZ-172896920.67364010.9712.19600
CVZ-172896930.77404412.1913.41630
CVZ-172896940.76444813.4114.63630
CVZ-172896950.9485214.6315.85750
CVZ-182896970.57040.001.221130
CVZ-182896980.96481.222.44930
CVZ-182896990.968122.443.661000
CVZ-182897000.9412163.664.881300
CVZ-182897010.7616204.886.10750
CVZ-182897020.8420246.107.32960
CVZ-182897030.6824287.328.531290
CVZ-182897040.7828328.539.751220
CVZ-182897050.632369.7510.971350
CVZ-182897060.66364010.9712.191600
CVZ-182897070.6404412.1913.411050
CVZ-182897080.66444813.4114.63960
CVZ-182897090.68485114.6315.541060
CVZ-192933880.6040.001.22890
CVZ-192933890.7481.222.441080
CVZ-192933900.78122.443.66840
CVZ-192933910.6612163.664.88850
CVZ-192933920.6816204.886.10860
CVZ-192933930.8220246.107.32850
CVZ-192933940.9624287.328.531350
CVZ-192933950.8428328.539.751070
CVZ-192933961.0432369.7510.971510
CVZ-192933970.98364010.9712.19990
CVZ-192933980.98404412.1913.41920
CVZ-192933990.86444813.4114.63730
CVZ-192934000.88485214.6315.85790
CVZ-202897750.14040.001.221010
CVZ-202897760.1481.222.44425
CVZ-202897770.368122.443.661230
CVZ-202897780.8812163.664.881020
CVZ-202897790.5216204.886.101030
CVZ-202897800.6220246.107.32860
CVZ-202897810.724287.328.53820
CVZ-202897820.8228328.539.75980
CVZ-202897830.832369.7510.971100
CVZ-202897840.64364010.9712.19840
CVZ-202897850.82404412.1913.41780
CVZ-202897860.76444813.4114.63810
CVZ-202897870.7485214.6315.85640
CVZ-202897880.78525615.8517.07700
CVZ-202897890.64566017.0718.29850
CVZ-202897900.74606418.2919.51660
CVZ-202897910.78646819.5120.73900
CVZ-202897920.64687220.7321.95950
CVZ-202897930.82727621.9523.16740
CVZ-202897940.94768023.1624.38650
CVZ-202897950.94808424.3825.60910
CVZ-202897960.82848825.6026.82490
CVZ-202897970.26889226.8228.04510

Sample 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 second 10 core holes averaged 84.4%.

The lithium content of the 126 samples had an interval-weighted average of 1,040.5 ppm with a minimum value of 425 ppm and a maximum value of 1,950 ppm, both over 1.22m (4 ft) intersections. The samples had a median value of 975 ppm Li.

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 (9 QA/QC samples, in all, with these samples). 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.

“The lithium values continue to be amazingly consistent, both vertically and horizontally, across all 20 holes we have reported to date,” said Mark Ireton President and CEO of Noram. “The median lithium value in the first and second batch of drill core samples also exceeds the average lithium value of the previously reported surface samples (Dec 8 2016) by 64% and 57%, respectively.”

Sandy MacDougall said: “We are very please with the continued positive results and look forward to continuing with the next phase of exploration”

Analytical results from the remaining 26 drill holes of 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 Noram Ventures Inc.:

Noram Ventures 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 development of lithium and graphite 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 properties. Current projects include lithium properties in the Clayton Valley of Nevada and the Hector Lode in San Bernardino County, California; and the Jumbo graphite property in southeastern British Columbia. Noram’s long term strategy is to build a multi- national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia.

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

About Alba Minerals Ltd

Alba Minerals Ltd. Is a Vancouver based junior resource company with projects in North and South America, focusing on the development of our Lithium properties. Our Lithium Projects are located in Clayton Valley Nevada where 55 hole drilling program has commenced. Our second Lithium Project is in Salta Province , Argentina, adjacent to World -class lithium projects held by Lithium Americas and Orocobre in one of the world’s leading lithium producing regions.

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

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Mark R. Ireton”
President & Director
Noram Venture Inc.
/s/ “Sandy MacDougall”
Chairman
Alba Minerals Ltd.

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.

© 2017 Alba Minerals Ltd.
All rights reserved.
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