Noram Lithium : Corporate Presentation - September 2023

Corporate Presentation - September 2023

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	$0.39
Market Capitalization	$34.7 M
Cash & Cash Equivalents2	$12.2 M
Shares Issued	88.8 M
Options	8.7M
Warrants	5.9M
Total Issued & Outstanding	103.4 M
52 Week High / Low	$0.38 / $0.89
30 Day Average Daily Volume	62,780

1. As at Sept 5, 2023
2. Audited YE Financial Statements January 31, 2023

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Shareholdings

Insiders	12.0%
Waratah / LRC	15.7%
Others	72.3%

Analyst Coverage

Sid Rajeev, Fundamental Research Corp. David Talbot/Alina Islam, Red Cloud Securities

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
• • 82 drill holes (4,942 meters) completed with most holes ending in mineralization.
  • PEA published in 2022

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ZEUS

TSXV: NRM | OTCQB: NRVTF | FRA: N7R

Updated Mineral Resource Estimate

Zeus Global Mineral Resource Estimate1

	Tonnes	Li	Contained	Contained
	Grade	Li	LCE
	(Million Tonnes)	(ppm)	(Tonnes)	(Tonnes)
Measured	116	860	99,917	531,860
Indicated	917	951	872,162	4,642,550
Measured &	1,034	941	972,079	5,174,411
Indicated
Inferred	235	871	204,678	1,089,508

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.

• Phase VI drill program completed in 2022
• Mineral Resource Estimate (MRE) updated in January 2023, technical report filed on March 17, 2023
• Updated MRE forms the basis of current engineering work
• Zeus Project well positioned in the United States amongst its peer deposits in terms of grade and contained LCE
• High grade core of deposit represents an opportunity for optimizing the mine plan
• Samples from the Phase VI drilling utilized for further metallurgical test work underway in 2023

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1 See NI 43-101 Technical Report "Updated Resource Estimate Zeus Lithium Project" by ABH Engineering March 17, 2023

TSXV: NRM | OTCQB: NRVTF | FRA: N7R