Laramide Files Independent Technical Report on the Murphy Project, Northern Territory, Australia

FOR IMMEDIATE RELEASE

May 22, 2020 Listed (TSX:LAM; ASX:LAM)

Laramide Files Independent Technical Report on the Murphy Project, Northern

Territory, Australia

Toronto, Canada – Laramide is pleased to announce that it has today filed an independent technical report

on its 100% owned Murphy Uranium Project in the Northern Territory of Australia (“the Project”). The

report was authored by Robert Sowerby of Mining Associates Ltd. of Brisbane, Australia, and was prepared

in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI

43-101).

The Murphy Project is adjacent to Laramide’s Westmoreland Proje ct in Queensland and is thus an

important potential asset within Laramide’s large regional tenement holdings. Laramide originally joint

ventured the Project from Rio Tinto Exploration ( RTX) in 2011 before acquiring it outright (subject to an

RTX back-in right on a $1-billion discovery) in 2018. Since its involvement with the Project, Laramide has

commissioned several different types of airborne geophysical surveys including combined magnetics -

radiometrics, time-domain electromagnetics, and gravity gradiometry surveys. Limited geochemical work

has also been conducted historically, as well as a modest amount of shallow drilling.

Laramide believes the Murphy Project is prospective for Westmoreland style and unconformity related

uranium mineralization and intends to adopt a more aggressive stance tow ards exploration as industry

conditions improve.

The Report is available on the Company’s website. To learn more about Laramide, please visit the

Company’s website at www.laramide.com.

For further information contact:

Marc Henderson, President and Chief Executive Officer

Toronto, Canada +1 (416) 599 7363

Email: [email protected]

Follow us on Twitter @LaramideRes

About Laramide Resources:

Laramide is a Canadian -based company with diversified uranium assets strategically positioned in the

United States and Australia that have been chosen for their low-cost production potential. Laramide’s

recently acquired Church rock and Crownpoint properties form a leading In-Situ Recovery (ISR) division

that benefits from significant mineral resources and near -term development potential. Additional U.S.

assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. The

Company’s Australian advanced stage Westmoreland is one of the largest uranium projects currently held

by a junior mining company. Laramide is listed on the TSX: LAM and ASX: LAM.

Forward-looking Statements and Cautionary Language

This News Release contains f orward-looking statements that are subject to a variety of risks and

uncertainties which could cause actual events or results to differ materially from those reflected in the

forward-looking statements. The Company does not intend to update this informatio n and disclaims any

legal liability to the contrary.