Received by email:

File: Attachment NRM - $0.075 PP T2 Close NR (07.24.20).pdf

  TSX.V: NRM
  Frankfurt: N7R
  OTCPINK: NRVTF




FOR IMMEDIATE RELEASE

                                            NORAM CLOSES $89,250 FINANCING

Vancouver, British Columbia   July 24, 2020   Noram Ventures Inc. ("Noram") (TSX - Venture: NRM /
Frankfurt: N7R / OTCPINK: NRVTF) is pleased to announce that the TSX Venture Exchage has accepted
for filing the second and final tranche of a private placement for gross proceeds of $89,250 by issuing
1,190,000 units at a price of $0.075 per unit. Each unit consists of one common share and one transferrable
share purchase warrant exercisable at $0.10 for 5 years from the date of issuance. All shares and warrants
issued pursuant to this financing will be subject to a statutory hold period of 4 months plus a day from the
date of closing. No Finders fees were paid. An insider of the Company purchased 200,000 units for gross
proceeds of $15,000.

Proceeds from the placement will be used for general working capital and exploration expenditures.

About Noram Ventures Inc.

Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCPINK: 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 focus since formation has been the exploration of mineral projects.
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"
Chief Financial Officer
Direct: (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 op
--->portunities to differ materially from those expressed
or implied by such forward-looking information. Forward-looking information in this news release includes statements r
--->egarding, among other things, the completion
transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forwar
--->d-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 pl
--->aced 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 otherwis
--->e, other than as required by applicable securities
laws.