| Noram Completes Selection of Lithium Targets on its South Block Claims in Nevadas Clayton Valley Initial core drilling plan submitted for Zeus and Hades claim groups Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce it has selected 55 initial core drilling targets on its South Block lithium claims in Nevadas Clayton Valley (see Figure 1 (https://www.noramventures.com/Maps/CV-Overview-Map_072616.jpg)). The exploration and core drilling plan has been submitted to the U.S. Department of the Interior Bureau of Land Management, Nevada State Office Division of Minerals Management and the State of Nevada Bureau of Land Management as the basis of Norams permit application to carry out an initial drilling program. Drilling will focus on the Zeus and Hades claim groups, where previously reported surface and sub-surface sample assay values ranged from 206 ppm to a high of 1,670 ppm lithium and averaged 780 ppm lithium within the claystones (see news released on July 22, 2016 (https://www.noramventures.com/News_Archive/2016/NRM_PR_07-22-16_Hades_Bore-hole-Sampling-Results.pdf) and July 26, 2016 (https://www.noramventures.com/News_Archive/2016/NRM_PR_07-26-16_Phase-II_Zeus-Final-Sample-Assays.pdf)). The initial drilling campaign will include up to 55 shallow, 60 to 80 feet (18 to 24 meters), core drill holes. Geologic investigations on the Zeus claims showed that marker beds are present within the lithium-rich sediments that will enable correlation of the beds between the planned drill holes. The correlation between drill holes will add a higher degree of certainty to any future lithium resource calculations. Bradley Peek, MSc and CPG, Norams independent technical consultant, will oversee the initial drilling program. We are very pleased to be advancing our Clayton Valley lithium project to the next stage of exploration after the very positive results from our Phase I and II surface and sub-surface sampling programs, said Mark Ireton, President of Noram. The technical information contained in this news release has been reviewed and approved by Michael Collins, PGeo, who is a Qualified Person with respect to Norams Clayton Valley Claim Group Project as defined under National Instrument 43-101. About Noram Ventures Inc.: Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) 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 Companys primary business focus since formation has been the exploration of mineral projects that include the lithium projects in Clayton Valley in Nevada and the Jumbo graphite property in British Columbia. Norams 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(https://www.noramventures.com) ON BEHALF OF THE BOARD OF DIRECTORS /s/ Mark R. Ireton President & 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 Companys 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. To view this press release as a PDF file, click onto the following link: https://fscwire.com/sites/default/files/news_release_pdf/Noram08252016.pdf Source: Noram Ventures Inc. (TSX Venture:NRM) Maximum News Dissemination by FSCwire. https://www.fscwire.com Copyright(C)2016 Filing Services Canada Inc. |