Noram Lithium Corp. is providing an update on its 100% owned Zeus Lithium Project, located in Clayton Valley, Nevada. The Company recently completed a geological review of the Project using geological consultants from Big Rock Exploration.

During September and October, a number of important tasks were completed by BRE, including regional and district scale geological mapping and reviewing drill core from holes within the high-grade core area. The results of the work highlighted the potential for multiple high-grade layers below the known high-grade layer which outcrops at surface and is the focus of the current mine planning for the Project. The geological theory for the formation of the Zeus deposit is analogous to the model developed for Lithium America's Thacker Pass project.

Phase VII Drill Program The Company has further engaged BRE to design and manage the upcoming drill program. In total, the Company plans to drill up to ten holes with a total of approximately 2,200 meters for the Phase VII program. The holes have been designed to accomplish a number of objectives, including: Testing for the presence of a second high-grade layer; The drilling will be carried out under an amendment to the Notice of Intent filed with the Bureau of Land Management.

It is expected the Phase VII program will be complete by the end of 2023. In order to develop the new geological model, BRE undertook a series of important tasks, including: Created a regional digital geological map of Clayton Valley. Added digital 1-meter spaced lidar elevation data for the Zeus concessions and 1-meter spaced topographical contain lines.

Enhanced existing assay data base to link to geological units. Developed 1:5,000 scale geological surface maps through extensive field survey. Reviewed drill core from holes within the High-grade core area.

Defined a new geological model for use in Mineral Resource Estimation. The field mapping revealed many unanticipated geologic features that BRE believe are important in understanding the origin of the lithium-rich lacustrine clay deposit at Zeus. BRE believe that such a fault, and its clear hydrothermal remnants, played an essential role in the origin of the lithium- rich clays at Zeus.

The ore deposit model that BRE has built for Zeus relies on the classic geology tenet of "Source-Pathway-Trap" and which is analogous to the model developedfor Lithium America's Thacker pass project. The "Source" of the lithium at Zeus is at depth in a thick sequence of rhyolitic pyroclastic rocks (volcanic ash and tuffs). Fluorine atoms can replace hydroxide in the clay crystal structure, tweaking the clay octahedral site which allows for the input of lithium into the clay structure forming lithium-rich clays.

The updated geological model and results from the planned drilling program will be used to update the Mineral Resource Estimate and subsequent mine planning for the Prefeasibility Study.