Laramide Resources Provides Update on Churchrock Uranium Project and Commences NI 43-101 Resource Estimate Listed

Laramide Resources Provides Update on Churchrock Uranium Project and

Commences NI 43-101 Resource Estimate

Listed (TSX:LAM; ASX:LAM)

TORONTO, March 29, 2017 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is

pleased to announce it has engaged SRK Consulting (U.S.), Inc. of Denver, Colorado ("SRK") to prepare

an independent NI 43-101 Technical Report on the mineral resources for the Company's 100% owned

Churchrock and Mancos 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 NI 43-101 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. There are three historical resource estimates from 2005

to 2011, summarized in a table at the end of the release.

The Company is working toward completion of the Resource Estimate in the second quarter of 2017.

Upon completion of the Resource Estimate, the Properties would be advanced to a Preliminary Economic

Assessment ("PEA"). This will be the first economic study on the consolidated Properties, and that would

include the elimination of certain royalties owned by Laramide (including the up to 25% NSR) on certain

portions of the Properties. The PEA will also have the benefit of the previously completed Feasibility

Study on Section 8 completed by a previous operator.

The Resource Estimate will not include the Company's 100% owned Crownpoint project, located 30 miles

from Churchrock. A resource estimate on the Crownpoint project is planned for the second half of 2017.

Historical Resource Estimates

The table below summarizes the historical resource estimates which are applicable to the Properties.

Year of Report

Source of

Report

Historical

Resource

Clarification

Tons Average

Grade

% U308

Lbs of U308

March 1, 2010

Resource Estimate on

Churchrock

Behre Dolbear & Co.

prepared for URI

Measured Indicated

Measured and

Indicated Total

N/A N/A 1.4 million

17.2 million

18.6 million (total)

March 1, 2010 Resource Estimate

on Mancos

Behre Dolbear

& Co. prepared

for URI

Indicated Resource 5.2 million 0.11 11.3 million

Strathmore/Churchrock

Resource Estimate

(December 20, 2005) and

Scoping Study (April 4,

2011)

David C. Fitch

prepared the

Resource

Estimate and

Behre Dolbear

the Scoping

Study for

Strathmore

Minerals Corp.

Measured

Indicated

Measured and

Indicated Total

Inferred

Resource

4,54 million

1.68 million

6.22 million

(total)

1.95 million

0.09

0.10

0.10

0.09

8.614 million

3.233 million

11.848 million (total)

3.525 million

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.

SOURCE Laramide Resources Ltd.

To view the original version on PR Newswire, visit:

http://www.newswire.ca/en/releases/archive/March2017/29/c7283.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 10:22e 29-MAR-17