LAM.TO · 2018-10-10 12:00:00

Laramide Resources Commences NI 43-101 Resource Estimate on Crownpoint Uranium Project Listed

Corporate Updates

Laramide Resources Commences NI 43-101 Resource Estimate on

Crownpoint Uranium Project

Listed

(TSX: LAM; ASX: LAM)

TORONTO

Oct. 10, 2018

/CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is pleased to announce it has engaged Roscoe Postle

Associates Inc. ("RPA") in

Denver

USA

to prepare an independent NI 43-101 Technical Report on the mineral resources for the Company's Crownpoint

Uranium Properties (the Properties), located in

New Mexico

United States

(the "Resource Estimate").

The work is intended to address the resource estimation with respect to planned In Situ Recovery (ISR) of uranium. Further, the Resource Estimate will

consolidate previously prepared resource estimates on the Properties and, more importantly, the significant work completed by previous operators on

these properties which are considered "historical estimates" for purposes of NI 43-101 and, therefore, cannot be considered current mineral resources.

The Company is working toward completion of the Resource Estimate in the fourth quarter of 2018.

The Crownpoint Uranium Properties, 100% owned by Laramide, are located approximately 30 miles east of Laramide's Churchrock Uranium Project

(Figure 1).

Crownpoint

(and Churchrock Section 8 and 17) is covered by a licence from the United States Nuclear Regulatory Commission for production

of uranium, which includes the construction of a Central Processing Plant at

Crownpoint

. The Central Processing Plant has an approved production

capacity of 3 million pounds U

per annum.

Figure 1: Laramide Resources Ltd. Projects in New Mexico, USA: Churchrock Uranium Project, Crownpoint Uranium Properties and La Jara Mesa

Uranium Project. (CNW Group/Laramide Resources Ltd.)

Figure 2: Laramide Resources Ltd. Projects area in New Mexico, USA. (CNW Group/Laramide Resources Ltd.)

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101. The

information has been reviewed and approved by

Bryn Jones

, MMinEng, FAusIMM, a Qualified Person under the definition established by National

Instrument 43-101 and JORC. Mr. Jones is the Chief Operating Officer of the Company and a Fellow of the Australasian Institute of Mining and

Metallurgy.

To learn more about Laramide, please visit the Company's website at

www.laramide.com

About Laramide Resources:

Laramide Resources Ltd., headquartered in

Toronto

and listed on the TSX: LAM and ASX: LAM, is engaged in the exploration and development of high-

quality uranium assets. Laramide's portfolio of advanced uranium projects have been chosen for their production potential. Major U.S. assets include the

Churchrock and Crownpoint In Situ Recovery (ISR) projects and La Jara Mesa in

Grants, New Mexico

, as well as

La Sal

in the Lisbon Valley district of

Utah

. The recently acquired Churchrock and

Crownpoint

properties, with near-term development potential and significant mineral resources, form a

leading ISR division operating in a tier one jurisdiction with enhanced overall project economics. The Company's Australian advanced stage

Westmoreland

is one of the largest projects currently held by a junior mining company.

Forward-looking Statements and Cautionary Language

This News Release contains forward looking statements which 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 information and disclaims

any legal liability to the contrary.

View original content to download multimedia:

http://www.prnewswire.com/news-releases/laramide-resources-commences-ni-43-101-resource-estimate-on-crownpoint-uranium-project-300728278.html

SOURCE

Laramide Resources Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2018/10/c5004.html

%SEDAR: 00003540E

For further information:

Marc Henderson, President and Chief Executive Officer, Toronto, Canada, +1 (416) 599 7363; Bryn Jones, Chief Operating

Officer, Brisbane, Australia, P: (07) 3831 3407; Greg Ferron, Vice-President, Toronto, Canada, +1 (416) 599 7363

CO: Laramide Resources Ltd.

CNW 07:30e 10-OCT-18

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