LAM.TO · 2024-11-14 12:00:00

Laramide Westmoreland Drilling Delivers Further Strong Results

Exploration Programs

Laramide Westmoreland Drilling Delivers

Further Strong Results

Highlights:

Initial results validate the potential to link Huarabagoo and Junnagunna

Gold mineralisation continues to be discovered

Best assay results include:

HB24DD004 –

2.20m

@ 2,675.18 ppm U

and 1.51 g/t Au from

63.00m

, including

1.00

@ 4,091.82 ppm U

& 2.0 g/t Au from

64.00 m

HJ24RC004 –

17.00m

@ 469.17 ppm U

from

54.00m

, including

3.00 m

@ 1,374.16

ppm U

from

60.00m

HJ24RC011 –

15.00m

@ 380.17 ppm U

from

61.00m

, including

1.00m

@ 1,986.95

ppm U

from

63.00m

AND

16.00m

@ 573.42 ppm U

from

88.00m

, including

2.00m

@ 1,712.79 ppm U

from

91.00m

TORONTO

Nov. 14, 2024

/CNW/ -

Laramide Resources Ltd.

(

"Laramide"

or the

"Company"

)

(TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company

with globally significant assets in

the United States

and

Australia

, is pleased to announce further

results following the conclusion of the 2024 drilling campaign at the Westmoreland Uranium Project

in Queensland, Australia (

"Westmoreland"

). The current batch of assays include the first results for

the Huarabagoo and Junnagunna targets.

Results demonstrate that uranium mineralisation is continuous along strike, and potentially joins the

two deposits of Huarabagoo and Junnagunna. These infill drilling results include 4 holes (of 17) at

Huarabagoo and 12 holes (of 27) in the Linking Zone between the Huarabagoo and Junnagunna

deposits.

Commenting on the results, Laramide's Vice-President of Exploration,

Rhys Davies

said:

"The initial batch of results from the Huarbagoo-Junnagunna link zone underscores the potential

for substantial growth of the mineral resources. The shallow, broad mineralized zones identified

here, some with impressively higher grades, further validate the characteristics that we are

observing across the whole

Westmoreland

system.

Infill drilling at Huarabagoo has improved our confidence in our geological models as well, the

emerging gold results are also compelling. We are investigating how the gold may enhance the

economics of the deposit as we prepare to advance the project to a prefeasibility study."

Drilling across the broader Westmoreland Project was completed on the 4th of November and has

comprised of 106 holes (includes 60 RC and 46 DD) for 11,263 meters, across multiple targets.

Core processing continues, with assay results expected to be announced throughout Q4 2024 and

into Q1 2025.

An updated Westmoreland Mineral Resource Estimate, which will include all results and a Maiden

Resource Estimate for Long Pocket, remains on track for early 2025.

Huarabagoo

The Huarabagoo deposit is located in the structural corridor between Redtree and Junnagunna and

is included in the restated 2016 Westmoreland Mineral Resource Estimate[1]. Seventeen diamond

drill holes for a total of

1,827.16m

, were completed in 2024. Laramide designed this program to test

the extents of modelled mineralisation for both uranium and the gold associated with the intrusive

dolerite dyke. In the drill programs completed prior to Laramide's acquisition of the project, assaying

for gold had been inconsistent, however, Laramide's 2012[2] drilling at Huarabagoo included:

WDD12-170 - 34 meters at 1,467 ppm U

WDD12-167 - 2 meters at 6.1 g/t Au and 4 meters at 30.9 g/t Au

Initial results from the 2024 drilling confirms that both uranium and gold mineralisation are peripheral

to dyke margins (Figure 1) and along fault extensions, with multiple zones intersecting a similarly

variable hematite-silicate-sericite altered sandstone.

Figure 1. Cross section HB24DD004 looking northeast (window +/-10m), Refer Figure 3 for Plan

view. (CNW Group/Laramide Resources Ltd.)

______________________________

Laramide Resources Ltd. NI 43-101 Technical Report - Scoping Study, April 2016.

See press release, "Laramide Continues to Expand New Zone of Mineralization at Westmoreland; High Grade Gold Also Drilled at Huarabagoo"

Huarabagoo-Junnagunna Link Zone

Drilling in the Huarabagoo-Junnagunna structural corridor is designed to test the mineralisation

continuity between the two deposits with the intent to further increase the overall size of the

resource. The program drill tested a system analogous to the Redtree Dyke system, and comprised

of 21 RC holes for

3,096m

, and 8 diamond drillholes for

1,124.10m

, totaling 29 holes for

4,220.10m

The program was designed with three phases starting with an initial RC component (HJ24RC001 to

HJ24RC013) to target the spatial extents for the Dolerite Dyke. The subsequent phases consisted of

step out diamond drilling (HJ24DD014-HJ24DD021) to understand structural controls and orientation

of mineralisation relative to the dolerite dyke system. The final phase consisted of RC drilling

(HJ24RC014-HJ24RC021) to follow up on substantial downhole gamma results identified from the

initial RC portion of drilling at the start of this campaign.

Results from the first phase of RC drilling returned substantial intercepts including:

HJ24RC004 –

17.00m

@ 469.17 ppm U

from

54.00m

, including

3.00 m

@ 1,374.16

ppm U

from

60.00m

HJ24RC006 –

2.00m

@ 260.19 ppm U

and 1.28 g/t Au including

1.00m

@ 415.08 ppm

and 2.54g/t Au.

HJ24RC011 –

15.00m

@ 380.17 ppm U

and 0.017 g/t Au from

61.00m

, including

1.00m

@ 1,986.95 ppm U

from

63.00m

HJ24RC011 –

16.00m

@ 573.42 ppm U

from

88.00m

, including

2.00m

@ 1,712.79

ppm U

from

91.00m

Importantly, this drilling campaign has successfully intersected the dolerite dyke system (under

alluvial cover) and the associated mineralisation across the 2km strike length of the link zone. This

data is valuable for deposit modelling in the link zone and will help guide future infill drilling.

Figure 2. Cross section HJ24RC011 looking northeast (window +/-20m). Refer Figure 4 for Plan

view. Assays remain pending for HJ24RD019 & HJ24DD019. (CNW Group/Laramide Resources

Ltd.)

Qualified/Competent Person

The information in this announcement relating to Exploration Results is based on information

compiled or reviewed by Mr.

Rhys Davies

, a contractor to the Company. Mr. Davies is a Member of

The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the

style of mineralization and type of deposit under consideration and to the activity which he is

undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the

'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and

is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for

Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on

his information in the form and context in which it appears.

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

www.laramide.com

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium

jurisdictions of

Australia

and

United States

. The company's portfolio comprises predominantly

advanced uranium projects in districts with historical production or superior geological prospectivity.

The assets have been carefully chosen for their size, production potential, and the two large projects

are considered to be late-stage, low-technical risk projects.

Forward-looking Statements and Cautionary Language

This release includes certain statements that may be deemed to be "forward-looking statements."

All statements in this release, other than statements of historical facts, that address events or

developments that the management of the Company expect, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects",

"anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential",

"possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions,

events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the

negative of any of these terms and similar expressions. Actual results or developments may differ

materially from those in forward-looking statements. Laramide disclaims any intention or obligation

to update or revise any forward-looking statements, whether as a result of new information, future

events or otherwise, save and except as may be required by applicable securities laws.

Since forward-looking information addresses future events and conditions, by their very nature

they involve inherent risks and uncertainties. Actual results could differ materially from those

currently anticipated due to a number of factors and risks. These include, but are not limited to,

exploration and production for uranium; delays or changes in plans with respect to exploration or

development projects or capital expenditures; the uncertainty of resource estimates; health, safety

and environmental risks; worldwide demand for uranium; uranium price and other commodity price

and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the

value of acquisitions; ability to access sufficient capital from internal and external sources; and

changes in legislation, including but not limited to tax laws, royalties and environmental

regulations.

Table 1: Drill Collar Details

Prospect

Hole ID

GDA_Easting

GDA_Northing

RL (m)

Depth (m)

Grid Azi

Dip

Hole type

Drilling started

Drilling completed

HUARABAGOO

HB24DD001

194116

8062630

110.8

133

-60

08/08/2024

13/08/2024

HUARABAGOO

HB24DD002

194186

8062731

37.8

134

-50

13/08/2024

14/08/2024

HUARABAGOO

HB24DD003

194185

8062731

117.9

134

-50

20/08/2024

23/08/2024

HUARABAGOO

HB24DD004

194110

8062675

116.1

134

-50

23/08/2024

27/08/2024

HUARABAGOO

HB24DD005

194211

8062632

137.8

314

-50

27/08/2024

30/08/2024

HUARABAGOO

HB24DD006

194234

8062667

122.8

314

-50

30/08/2024

01/09/2024

HUARABAGOO

HB24DD007

193970

8062353

88.3

314

-50

01/09/2024

03/09/2024

HUARABAGOO

HB24DD008

193974

8062381

117.3

314

-60

03/09/2024

06/09/2024

HUARABAGOO

HB24DD009

194171

8062573

119.6

314

-50

06/09/2024

07/09/2024

HUARABAGOO

HB24DD010

194283

8062835

95.1

134

-50

07/09/2024

09/09/2024

HUARABAGOO

HB24DD011

194303

8062858

90.1

134

-60

09/09/2024

10/09/2024

HUARABAGOO

HB24DD012

194573

8063195

102.2

134

-70

16/09/2024

18/09/2024

HUARABAGOO

HB24DD013

194573

8063195

81.5

134

-50

18/09/2024

19/09/2024

HUARABAGOO

HB24DD014

194567

8063202

101.3

315

-55

19/09/2024

24/09/2024

HUARABAGOO

HB24DD015

194660

8063383

107.0

314

-60

24/09/2024

25/09/2024

HUARABAGOO

HB24DD016

194764

8063486

141.1

134

-60

26/09/2024

27/09/2024

HUARABAGOO

HB24DD017

194724

8063527

140.7

134

-60

28/09/2024

29/09/2024

HJ Link Zone

HJ24RC001

195002

8063617

150.0

315

-60

17/08/2024

18/08/2024

HJ Link Zone

HJ24RC002

195064

8063844

150.0

135

-60

19/08/2024

HJ Link Zone

HJ24RC003

195275

8063908

150.0

315

-60

20/08/2024

21/08/2024

HJ Link Zone

HJ24RC004

195141

8064040

150.0

135

-60

21/08/2024

22/08/2024

HJ Link Zone

HJ24RC005

195346

8064256

168.0

135

-60

22/08/2024

24/08/2024

HJ Link Zone

HJ24RC006

195559

8064345

90.0

315

-60

24/08/2024

25/08/2024

HJ Link Zone

HJ24RC007

195448

8064447

150.0

135

-60

25/08/2024

26/08/2024

HJ Link Zone

HJ24RC008

195634

8064542

150.0

135

-60

27/08/2024

28/08/2024

HJ Link Zone

HJ24RC009

195838

8064619

150.0

315

-60

28/08/2024

29/08/2024

HJ Link Zone

HJ24RC010

195932

8064814

150.0

135

-60

29/08/2024

30/08/2024

HJ Link Zone

HJ24RC011

196114

8064909

150.0

315

-60

30/08/2024

31/08/2024

HJ Link Zone

HJ24RC012

196208

8065094

150.0

135

-60

01/09/2024

02/09/2024

HJ Link Zone

HJ24RC013

195362

8064519

150.0

315

-55

02/09/2024

03/09/2024

HJ Link Zone

HJ24RC014

194937

8063686

150.0

135

-60

25/09/2024

26/09/2024

HJ Link Zone

HJ24RC015

194872

8063736

150.0

135

-60

26/09/2024

27/09/2024

HJ Link Zone

HJ24RC016

195131

8063771

162.0

315

-55

27/09/2024

HJ Link Zone

HJ24RC017

195006

8063894

150.0

135

-60

28/09/2024

29/09/2024

HJ Link Zone

HJ24RC018

196158

8065142

150.0

135

-60

02/10/2024

03/10/2024

HJ Link Zone

HJ24RC019

195999

8065017

126.0

135

-60

03/10/2024

05/10/2024

HJ Link Zone

HJ24RC020

195731

8064722

150.0

135

-60

05/10/2024

06/10/2024

HJ Link Zone

HJ24RC021

195372

8064237

150.0

246

-55

06/10/2024

07/10/2024

HJ Link Zone

HJ24DD014

195202

8063980

150.3

315

-60

04/09/2024

06/09/2024

HJ Link Zone

HJ24DD015

195400

8064216

150.3

135

-50

06/09/2024

08/09/2024

HJ Link Zone

HJ24DD016

195533

8064369

132.5

315

-70

08/09/2024

10/09/2024

HJ Link Zone

HJ24DD017

195789

8064673

132.3

135

-60

11/09/2024

12/09/2024

HJ Link Zone

HJ24DD018

195591

8064583

138.3

135

-60

13/09/2024

14/09/2024

HJ Link Zone

HJ24DD019

196051

8064970

135.3

135

-60

15/09/2024

16/09/2024

HJ Link Zone

HJ24DD020

196267

8065043

135.0

315

-50

16/09/2024

19/09/2024

HJ Link Zone

HJ24DD021

195533

8064369

150.2

315

-55

20/09/2024

24/09/2024

Figure 3: 2024 Huarabagoo Drill Collar location and Cross Section (HB24DD004). Note: significant

intercept results for blue collar drill holes are reported in this release, assays remain pending for red

collar drill holes. (CNW Group/Laramide Resources Ltd.)

Figure 4: 2024 Huarabagoo-Junnagunna Link Zone Drill Collar location and Cross Section

(HJ24RC011). Note: significant intercept results for blue collar drill holes are reported in this release,

assays remain pending for red collar drill holes. (CNW Group/Laramide Resources Ltd.)

Table 2: Significant intercepts >100ppm U

Hole

number

From

Length (m)

ppm

Au g/t

HB24DD001

123.23

0.17

HB24DD001

100.23

0.23

HB24DD001

547.74

0.67

HB24DD001

148.58

0.04

HB24DD001

44.45

2.45

393.68

0.11

HB24DD001

235.25

0.03

HB24DD001

194.86

0.01

HB24DD001

145.93

0.01

HB24DD002

No reportable results

HB24DD003

11.3

2.7

233.57

0.09

HB24DD003

192.80

0.10

HB24DD003

123.82

0.01

HB24DD003

132.66

0.03

HB24DD003

92.55

2.55

993.19

0.06

Including

91.75

0.75

2452.74

0.15

HB24DD004

819.40

0.02

Including

2234.58

0.03

HB24DD004

217.83

0.64

Including

112.73

3.01

HB24DD004

65.2

2.2

2675.18

1.51

Including

65.2

1.2

4091.82

2.00

HB24DD004

101.75

104

2.25

309.61

0.01

HB24DD004

108

109

123.23

0.01

HJ24RC001

132.37

0.01

HJ24RC001

206.65

0.01

HJ24RC001

126.76

0.01

HJ24RC002

116.39

0.01

HJ24RC002

252.35

0.01

HJ24RC002

1394.40

0.01

Including

3655.52

0.01

HJ24RC002

145.63

0.01

HJ24RC003

389.14

0.01

HJ24RC004

246.45

0.02

HJ24RC004

611.65

0.01

Including

1586.02

0.01

HJ24RC004

469.17

0.01

Including

1374.16

0.03

HJ24RC004

126

128

110.02

0.01

HJ24RC005

111

112

108.13

0.01

HJ24RC005

145

151

167.58

0.01

HJ24RC005

154

156

248.52

0.01

HJ24RC006

113.41

0.01

HJ24RC006

123.82

0.01

HJ24RC006

260.19

1.28

Including

415.08

2.54

HJ24RC007

120

122

583.11

0.01

HJ24RC008

138

139

150.35

0.01

HJ24RC008

140

141

120.87

0.01

HJ24RC009

145.93

0.03

HJ24RC009

199.28

0.01

HJ24RC009

173.72

0.01

HJ24RC010

224.64

0.08

HJ24RC011

138.56

0.15

HJ24RC011

424.32

0.13

HJ24RC011

380.17

0.02

Including

1986.95

0.03

HJ24RC011

104

573.42

0.01

Including

1712.79

0.01

HJ24RC012

108.60

0.01

HJ24RC012

122.05

0.01

HJ24RC012

119.46

0.01

HJ24RC013

No reportable results

* Included intercepts are above >1000 ppm U

or >

0.1g

/t Au

HB24DD002: incorrect dip – re-drilled as HB24DD003

SOURCE

Laramide Resources Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/November2024/14/c5945.html

%SEDAR: 00003540E

For further information:

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 14-NOV-24

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