Mr. Sandy MacDougall reports

NORAM LITHIUM ANNOUNCES FULLY ALLOCATED NON-BROKERED FINANCING

Noram Lithium Corp. has arranged a fully allocated non-brokered private placement financing of up to 10,675,000 units at a price of 10 cents per unit for gross proceeds of up to $1,067,500.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 15 cents per share for a period of 36 months from the date of issuance.

The net proceeds of the financing will be used for general working capital, corporate overhead, and exploration and development activities.

Certain insiders of the company will be participating in the offering. The issuance of securities to insiders will constitute a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101, but is expected to be exempt from the formal valuation and minority shareholder approval requirements.

Finders' fees may be payable in connection with the offering

The company confirms that the offering will not result in the creation of any new control persons. The offering is subject to acceptance by the TSX Venture Exchange.

About Noram Lithium Corp.

Noram Lithium is focusing on advancing its 100-per-cent-owned Zeus lithium project, located in Clayton Valley in Nevada, an emerging lithium hub within the United States. With the upsurge in the electric vehicle and energy storage markets the company aims to become a key participant in the domestic supply of lithium in the United States. The company is committed to creating shareholder value through the strategic allocation of capital.

We seek Safe Harbor.