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Noram Ventures Inc.

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Summary

Project:

Clayton Valley

Deposit:Clayton Valley
Location:United States
Commodities:Lithium
Date:10/30/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:30-10-2017: Noram Ventures Inc. announces a Resource Estimation report for its Clayton Valley deposit at the Clayton Valley project. JV - Amended full technical report mineral resource estimate for project. This Technical Report is prepared for Noram Vent
Resources:(Resource, Inf.): 17Mt @ 1060ppm Li
CP/QP:[Overall Report]: Bradley Peek, Raymond P. Spanjers (Independent)
ABSTRACT:This Technical Report is prepared for Noram Ventures, Inc. (Noram) and Alba Minerals Ltd (Alba). Both are publicly traded Canadian corporations with corporate offices in Vancouver, BC, Canada. Both companies are listed on the TSX Venture Exchange (Noram’s symbol is TSX-V:NRM; Alba’s symbol is TSX-V:AA-H). Alba has entered into an option agreement with Noram and its wholly-owned subsidiary, Green Energy Resources (Green Energy) to purchase a 25% interest, with an option to acquire a further 25% interest, in the properties (also herein called the “claims”) described in this report. Noram acquired a land position in the Clayton Valley of Nevada consisting of 888 placer claims. The land package covers 17,738 acres (7,178 hectares). The perimeter of Noram’s claims are located within 1 mile (1.6 kilometers) of Albemarle Corporation’s (Albemarle’s) lithium brine operations. Lithium is produced at Albemarle’s plant from deep wells that pump brines from the basin beneath the Clayton Valley playa. The plant is the only lithium producer in the United States and has been producing lithium at this location continuously since 1967.

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