Noram Lithium Corp. — Capital/Financing Update 2021

Mar 2, 2021

Form 51-102F3 Material Change Report

MATERIAL CHANGE REPORT UNDER SECTION 7.1 OF NATIONAL INSTRUMENT 51-102

NOTE: WHERE THIS REPORT IS FILED ON A CONFIDENTIAL BASIS PUT AT THE BEGINNING OF THE REPORT IN BLOCK CAPITALS “CONFIDENTIAL”. Item 1. Name and Address of Company Noram Ventures Inc. Suite 2150 – 555 West Hastings Street, Vancouver, B.C., V6B 4N6 Item 2. Date of Material Change March 1, 2021 Item 3. News Release The news release was disseminated through TSX, BC Securities Commission, Alberta Securities Commission, Stockwatch, and Market News. Item 4. Summary of Material Change Noram Ventures Inc. (“Noram” or the “Company”) (TSX Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the TSX Venture Exchange has accepted for filing a non-brokered private placement for gross proceeds of $2,300,079.72 by issuing 3,709,806 units at a price of $0.62 per unit. Each unit consists of one common share and one transferrable share purchase warrant exercisable at $0.94 for two (2) years from the date of issuance (expiry date of March 1, 2023). 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. Item 5. Full Description of Material Change Noram Ventures Inc. (“Noram” or the “Company”) (TSX Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the TSX Venture Exchange has accepted for filing a non-brokered private placement for gross proceeds of $2,300,079.72 by issuing 3,709,806 units at a price of $0.62 per unit. Each unit consists of one common share and one transferrable share purchase warrant exercisable at $0.94 for two (2) years from the date of issuance (expiry date of March 1, 2023). 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.

Finder’s Fees of 6% cash will be payable to Leede Jones Gable ($119,999.98) and Haywood Securities Inc. ($15,772.80).

Insiders of the Company subscribed for $114,080.00 and are utilizing MI 61-101 Exemption from Formal Valuation Requirement 5.5 (a) Fair Market Value Not More Than 25% of Market Capitalization and Exemption from Minority Approval Requirement 5.7 (1) (a) Fair Market Value Not More Than 25 Per Cent of Market Capitalization and (b) Fair Market Value Not More Than $2,500,000 for their participation.

Proceeds from the placement will be used for general working capital and further exploration and development activities.

About Noram Ventures Inc.

Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: 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 is the Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent – “LCE”.

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

Item 6. Reliance on Section 7.1(2) or (3) of National Instrument 51-102

Nothing in this form is required to be maintained on a confidential basis.

Item 7. Omitted Information

Not applicable.

Item 8. Senior Officers Anita Algie, CFO Phone: (604) 553-2279

Item 9. Date of Report Dated at Vancouver this 1[st] day of March, 2021.

By: Noram Ventures Inc. “Anita Algie” Anita Algie, CFO