LAM.TO · 2022-11-29 12:00:00

Laramide Resources Ltd.'s Australian Subsidiary Signs Indigenous Land Use Agreement to Advance Westmoreland Uranium Project

Partnerships & JV

Laramide Resources Ltd.'s Australian

Subsidiary Signs Indigenous Land Use

Agreement to Advance Westmoreland

Uranium Project

TORONTO

Nov. 29, 2022

/CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is

pleased to announce that its wholly owned subsidiary, Tackle Resources Pty Ltd ("Tackle"), has

entered into an Indigenous land use agreement ("ILUA") and Ancillary Agreement with the

Gangalidda & Garawa Native Title Aboriginal Corporation ("GGNTAC") for the Westmoreland

Uranium Project. GGNTAC hold native title as agent for the native title holders over the area of the

Westmoreland Project. The ILUA was the subject of a successful consultation and consent process

with the native title holders which was finalised in Burketown,

Queensland

November 3, 2022

Under the ILUA, GGNTAC consents to the grant of a Mineral Development Licence ("MDL") to

Tackle. The grant of an MDL will allow Tackle to retain its interests in the exploration ground and

continue to prove the Westmoreland Project mineral resource. In return, the ILUA and Ancillary

Agreement provide for the involvement of the native title holders in the project and certain benefits,

including employment opportunities, on the project. It also provides detailed agreed arrangements

for the avoidance of harm to Aboriginal cultural heritage.

The ILUA and Ancillary Agreement is the result of good faith negotiations between the Tackle and

GGNTAC representatives. It represents the native title holders' free, prior and informed consent to

Tackle's ongoing exploration activities on the

Westmoreland

project. The ILUA underpins the very

positive and enduring relationship between the parties and the native title holders' strong support for

the Westmoreland Project.

The ILUA will now be lodged for registration with the National Native Title Tribunal, to facilitate

Tackle's application to the Queensland Government for the grant of the MDL.

About Laramide Resources Ltd.:

Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly

owned uranium assets are in

Australia

and

the United States

. Each of Laramide's portfolio of five

advanced uranium projects have been chosen for their production potential. Laramide's

Westmoreland

project, in

Queensland, Australia

, is one of the largest projects currently held by a

junior mining company. Its U.S. assets include Churchrock/

Crownpoint

, a large ISR project, and the

La Jara Mesa in the historic

Grants, New Mexico

mining district.

This press release contains forward-looking statements. The actual results could differ materially

from a conclusion, forecast or projection in the forward-looking information. Certain material factors

or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected

in the forward-looking information.

SOURCE

Laramide Resources Ltd.

View original content:

http://www.newswire.ca/en/releases/archive/November2022/29/c7024.html

%SEDAR: 00003540E

For further information:

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

www.laramide.com or contact: Marc Henderson, President and CEO, Toronto, Canada,+1 (416)

599 7363; Ann Baines, Director, Investor Relations, Toronto, Canada,+1 (647) 832-9904

CO: Laramide Resources Ltd.

CNW 07:30e 29-NOV-22

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