Noram Lithium : Corporate Presentation - June 2024

Corporate Update - June 2024

Advancing the

Zeus Lithium Project in

Nevada

TSXV: NRM | OTCQB: NRVTF | FRA: N7R

Forward Looking Statements

This presentation contains "forward-looking information "with in the meaning of Canadian securities legislation. All information contained here in that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates "or "does not anticipate", or "believes", or variation so such words and phrases or state that certain actions, event so results" may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits;(v)the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and(xx) risk management.

Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward- looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plan sand may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking in formation. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information excepting accordance with applicable securities laws.

QUALIFIED PERSON AND TECHNICAL INFORMATION

The scientific and technical information contained in this Presentation has been reviewed and approved by Brad Peek, VP Exploration of Noram, who is a Qualified Persons as defined in National Instrument 43-101. Certain scientific and technical information with respect to the Zeus Lithium Project contained in this Presentation has been taken from the technical report entitled "Updated Mineral Resource Estimate Zeus Project, Esmeralda County, Nevada" with an effective date of December 1, 2022 and prepared by ABH Engineering, a copy of which is available on Noram Lithium's SEDAR profile at www.sedar.com. Mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the mineral resources will be upgraded to mineral reserves, even with additional work. In addition, the mineral resource estimates could be materially affected by environmental, geotechnical, permitting, legal, title, taxation, socio-political, marketing or other relevant factors. All figures are reported in US dollars ("$"), unless otherwise noted.

The Mineral Resource estimates contained in this presentation were prepared in accordance with the requirements of securities laws in effect in Canada, including NI 43-101, which governs Canadian securities law disclosure requirements for mineral properties. NI 43-101 differs significantly from the requirements of the United States Securities and Exchange Commission (SEC) that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company herein may not be comparable with information made public by United States companies subject to the SEC's reporting and disclosure requirements.

2	TSXV: NRM | OTCQB: NRVTF | FRA: N7R

Capital Structure & Current Ownership

Capital Structure (CAD$)1
Share Price	$0.22
Market Capitalization	$20 M
Cash & Cash Equivalents2	$3.7 M
Shares Issued	88.91 M
Options	7.43 M
Warrants	1.80 M
Total Issued & Outstanding	98.14 M
52 Week High / Low	$0.10 / $0.65
30 Day Average Daily Volume	82,793

1. As at June 17, 2024
2. Audited financial statements at Fiscal Year End January 31, 2024

3

Analyst Coverage

Sid Rajeev, Fundamental Research Corp.

David Talbot/Alina Islam, Red Cloud Securities

Christopher Ecclestone, Hallgarten

TSXV: NRM | OTCQB: NRVTF | FRA: N7R

Zeus Lithium Project - Nevada, USA

• Large-scaledeposit situated at surface with minimum to nil overburden
• • Suitable for conventional mining methods.
  • 100%-owned2,800 acres with 146 placer claims and 136 lode claims.
• Strategically located
• • Adjacent to the only other U.S. Lithium producer - Albemarle Silver Peak. Lithium brine producer for >60 years.
  • Extensive existing infrastructure including nearby power and paved road access.
• Development is well advanced
• • 92 drill holes (7,777 meters) completed with recent Phase VII program.
  • Updated Mineral Resource Estimate delineating unique high-grade core.

4

ZEUS

TSXV: NRM | OTCQB: NRVTF | FRA: N7R

Mineral Resource Estimate

Zeus Pit Constrained Mineral Resource Estimate1

Zone	Tonnes	Li	Contained	Contained
Grade	Li	LCE
(Classification)	(Million Tonnes)	(ppm)	(000 Tonnes)	(000 Tonnes)
High Grade	166	1,121	186	989
Core
Peripheral	421	893	375	1,998
Halo
Total	586	957	561	2,987
Indicated
Total	300	861	258	1,375
Inferred

1. The Mineral Resource estimate has been prepared in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are reported in accordance with the Canadian Securities Administrators NI 43-101.
2. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that any mineral resource will be converted into mineral reserve.
3. Some numbers may not total to exact sums due to rounding.

• Phase VII drill program completed in Jan 2024
• Mineral Resource Estimate (MRE) updated by SRK Consultants in June 2024, technical report to be filed in July 2024.
• Resource stated at 525ppm lithium cut-off and constrained in a pit shell which consists of a high-grade core zone and a peripheral halo.
• High-gradecore is unique amongst Central Nevada claystone projects and will form the basis of future mine planning work.
• Zeus Project well positioned in the United States amongst its peer deposits in terms of grade and contained LCE

5	1 At 525ppm lithium cut-off grade - see News Release dated June 12, 2024 and subsequent NI 43-101 Technical Report to be filed in July 2024. TSXV: NRM | OTCQB: NRVTF | FRA: N7R

High-Grade Core Expansion and Delineation

Plan view of lithium grade distribution

6	1 Based on a nominal processing rate of 3.5 Mtpa and 83% lithium recovery in process.

• High-gradecore zone Indicated Resources consist of:
• • High grade: 54 Mt at 1,496ppm Li (15 yrs mine life1)
  • Medium grade: 49 Mt at 1,108ppm Li (14 yrs life1)
  • Low Grade: 64 Mt at 814ppm Li (potential 18 yrs life1)
• Mine plan optimization:
• • High grade material to be mined and processed first
  • Medium and low grade to be stockpiled
  • Smaller pit designed to mine only the high-grade core also contains ~33 Mt of waste
  • Implied strip ratio for smaller pit 0.2:1
• Substantial Lithium Carbonate (LC) Production1
• • High grade: 15 years of ~23,000 tpa high-purity LC

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Metallurgical Testing

 Laboratory work in 2023 has proven process flowsheet

 Fully integrated metallurgical simulation backed by laboratory data

 Overall lithium recovery 83%

 High purity lithium carbonate produced at laboratory scale

7	TSXV: NRM | OTCQB: NRVTF | FRA: N7R

Water Supply

Advancing options for water:

1. Deeper source of water
2. • Hydrogeological study completed in August 2023
   • Further work required on non-basis recharge systems
3. Inter-basintransfer
4. • Opportunity identified to source water from adjacent Alkali Springs Valley (Esmeralda County)
   • Application for 1,000 acre-ft/year submitted to state engineers
   • Requires 10 km pipeline to property (mostly downhill)

8

Water Basins of Emeralda County, Nevada

ZEUS

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Zeus Lithium Project 2024 De-risking Program

2024 Objectives:

Complete Phase VII drilling program

Update the Mineral Resource Estimate with Phase VII drilling and new geological model Update the mine plan focusing on optimizing for high-grades over first 40 years of mine life Optimize capital cost via process equipment selection review with vendors

Further develop options for project water supply

Produce Preliminary Economic Assessment for the Project

9	TSXV: NRM | OTCQB: NRVTF | FRA: N7R

A Force in the Green Energy Revolution

Zeus has substantial ESG benefits:

Minimal Environmental Footprint

• Shallow pit, all above water table
• Minimal strip ratio, very little waste
• Closed loop water recycle, zero liquid discharge site
• Dry stack tailings for long-term stability

Low Carbon Production

• Lower scope 1 and 2 carbon emissions than spodumene production
• Co-generationplant to produce sulphuric acid and carbon free power

Domestic Benefits

• Brings ~1,000 high-paying construction jobs to Nevada
• Permanent employment of approximately 250-300 during operations
• +100 year mine life of domestic supply of strategic battery metals

10	TSXV: NRM | OTCQB: NRVTF | FRA: N7R