Noram Ventures Inc. announced to report assay results from the initial drilling program completed on the Kokanee Flake-Graphite Property, located 50 kilometers (km) northeast of the city of Nelson, British Columbia. The objective of the drill program was to establish the potential of a flake-graphite deposit being present on the Kokanee Property. Surface exposures and an electromagnetic anomaly indicate a graphite-bearing horizon in early Palaeozoic metamorrphosed sediments over a 2km strike length and up to 200 meters (m) wide.

Surface samples collected from this zone have shown grades ranging from 0.70 to 7% graphite. Six NQ diamond drill holes, totaling 1,376m, were completed over a 1,200m strike length oof the zone. The drilling was successful in meeting its objectives.

All holes intersected significant graphite mineralization, and preliminary results indicate the possibility of a continuous zone of mineralization over the full 1,200m0 strike length drilled. Drilling projects a down dip depth of 150 to 200m and the zone is open in both directions along the 2km strike length. All core samples are logged and split with half sent to the lab for analysis and half securely stored for future reference.

Acme Analytical Laboratories Ltd. (Acme), a fully certified laboratory based in Vancouver, B.C., conducted the sample preparation and analytical work, which included crushing and pulverizing a 250 gram split of the rock samples to 200 mesh. The graphitic carbon content was determined by igniting a 0.1 gram aliquot of the sample to 600 degrees Centigrade to burn off free carbon and leaching in HCL to dissolve all carbonate rock. The residue carbon content, which is pure graphite, was determined by a standard Leco process.

On conclusion of drilling and receipt of initial Acme assays, samples were selected for check assays at AGAT Laboratories in Vancouver. The results of these samples have been received and provide a good correlation to the original Acme assays.