Noram Lithium Corp. is providing an update on its 100% owned Zeus Lithium Project ("Zeus" or the "Project"), located in Clayton Valley, Nevada. In mid-March, the Company produced an updated Mineral Resource Estimate (MRE) for Zeus which outlined a Measured and Indicated resource estimate of 5.2 Mt Lithium Carbonate Equivalent ("LCE", 1034 Mt at 941 ppm lithium), and an additional Inferred resource estimate of 1.1 Mt LCE (235 Mt at 871 ppm lithium) utilizing a 400 ppm Li cut-off.

Following the updated MRE, the Company initiated several Project de-risking initiatives, including engaging an independent consultant to optimize the Zeus mine plan, focusing on the high-grade core of the deposit. Highlights of the mine plan optimization analysis work completed to-date: This analysis was derived from the existing MRE using a variable cut-off grade stockpiling strategy. Preliminary results of the work are as follows: Higher-grade material ("HGO") for direct feed to processing: 39 Mt at 1,450 ppm Li; Higher-grade material stockpiled for processing after HGO: 22 Mt at 1,360 ppm Li; Medium-grade material stockpiled for Processing after HGO: 7 Mt at 1,120 ppm Li; Lower-grade material stockpiled for potential processing: 37 Mt at 850 ppm Li; Waste material: 38 Mt; Implied strip ratio of 0.36 (waste:material for processing); Contained LCE of 668,000t, approximately 11% of the overall mineral resources; 19-years of operations processing high/medium-grade material plus a potential additional mine life of 11 years processing low-grade stockpile, at a nominal processing rate of 3.5 Mt/year.

The high-grade core of the Zeus deposit outcrops at surface and consists of a layer of high-grade material approximately 60 metres thick, 1200 metres wide and 3000 metres long. Further mine planning work is currently being undertaken to schedule the preliminary pit constrained resource. The scheduled mine plan will be used as the basis for the upcoming economic study on the Zeus Project.

Results of the optimization study are subject to change in upcoming economic study on the Zeus project. The results of the optimization analysis for the Zeus high-grade core. Product from Pit Million Tonnes (Mt) Lithium Grade (ppm) Lithium Contained (kt) LCE Contained (kt).

High Grade Material Stockpiled 22 1,360 29.4 157; Medium Grade Material Stockpiled 7 1,120 8.3 44; Low Grade Material Stockpiled 37 850 31.6 168; Waste 38 -- -- The analysis was derived from the existingMRE using a variable cut- off grade and stockpiling strategy from Measured, Indicated and Inferred mineral resources. The Company is committed to creating shareholder value through the strategic allocation of capital.