Retraction Statement by Noram re NR (2/27/20)Statement issued by Noram re: their last NR concerning Clayton Valley. /// February 27, 2020 /// /// RETRACTION OF STATEMENTS IN NEWS RELEASES - NORAM VENTURES /// Noram Ventures Inc. has retracted specific statements within press releases of Feb. 26 and Feb. 5, 2020, in keeping with National Instrument 43-101 standards, and following guidance provided by the Investment Industry Regulatory Organization of Canada (IIROC), the regulation services provider. These news releases were not pre-filed with IIROC. /// In both news releases, data were presented that added inferred mineral resources to indicated mineral resources, which is prohibited by section NI 43-101, 2.2(c). In the February 26 news release, an estimate of the in-situ value resource was given, based on current lithium carbonate prices and the total lithium carbonate equivalent in-situ for the total indicated and inferred resources. This is prohibited as per NI 43-101, 2.3 (c). In the same news release, an economic comparison was made between the lithium claystone deposit on Noram's Zeus property, within the Miocene to Pliocene Esmeralda Formation playa lakebed sediments, with the lithium claystone deposit on the adjacent property, also within the Esmeralda Formation. This is prohibited as per NI 43-101 2.3 (1) (b) as potentially misleading information, as there are no published economic studies of the Zeus deposit to date. ///