Noram becomes Noram Lithium Corp. & Provides Corporate Update

Vancouver, British Columbia – July 26, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the TSX Venture Exchange has accepted for filing the Company’s proposed name change from “Noram Ventures Inc.” to “Noram Lithium Corp.”. Effective at the market open on July 27, 2021, the common shares of the Company will commence trading under the new name and will retain its current stock symbol of “NRM”.

NAME CHANGE

At the most recent Annual General and Special Meeting, the Board brought forth the resolution to change the name of the Company. “This rebrand was proposed because Noram is no longer in the “venture” space and the Company felt it appropriate that the name reflect this. Noram is a lithium company with a sizeable commercially viable resource. We are a serious contender in the lithium space and management is extremely proud of how far we have come thus far. Despite a number of challenges, the Company has held fast and prevailed. We will continue to do so” stated Anita Algie, Chair, CFO and Director.

MANAGEMENT

Noram Lithium Corp. is also pleased to announce the addition of Mr. Sandy MacDougall to the Board of Directors as well as to the role of interim President & Chief Executive Officer. Mr. MacDougall was responsible for funding the initial drill program through a joint venture agreement that resulted in the initial maiden resource on the Zeus Lithium Project and has been a valued advisor to the Zeus Project ever since. The Board welcomes him and has long valued his contributions towards the advancement of the Project.

Concurrently, the Board has also nominated Ms. Anita Algie to the position of Chair. Ms. Algie has played a major role in the planning and implementation of the last 4 highly successful phases of drilling and all related aspects of building the resource to what it is today. As Chief Financial Officer, Ms. Algie has responsibly and conservatively managed the cash reserves of the Company while navigating a very challenging environment over the last numerous years; keeping Noram aligned with and for the shareholders.

UPDATED & UPGRADED RESOURCE ESTIMATE

In early spring of 2021, Noram completed its most recent phase of drilling. Eight of twelve permitted holes were completed to maximum depths of approximately 500 ft (152.4 m); a number of which ended in high-grade lithium clays. The Company will soon release an updated NI 43-101 compliant technical report (the “Report”) to include the most recent results in addition to an expanded, upgraded resource estimate.

COMMENCEMENT OF PEA

This Report will also include an open pit design and allow the Company to take a significant step forward in efforts to complete a Preliminary Economic Assessment this year. Earlier this year, Noram engaged ABH Engineering (“ABH”), a mineral processing engineering company offering design and optimization services to the mining sector, to complete a preliminary economic assessment of the Zeus Project. The Company has been actively moving forward with this and anticipates further announcements in the near future.

About Noram Ventures Inc.

Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Company’s primary business is the Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent – “LCE”.

Noram’s long term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.

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

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Anita Algie”

Chair, Director and CFO

Office: (604) 553-2279

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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.