LAM.TO · 2024-09-19 12:00:00

Laramide's Drilling at Westmoreland Uranium Project Demonstrates Scope for Resource Growth

Drill Results

Laramide's Drilling at Westmoreland Uranium

Project Demonstrates Scope for Resource

Growth

Highlights:

First assays from Long Pocket infill drilling return strong uranium mineralisation at shallow

depths. Significant intersections include:

LP24RC004 –

10m

@ 606ppm U

from

depth, including

@ 1,726ppm U

from

11m

LP24RC006 –

@ 1,770ppm U

from

16m

depth, including

@ 3,128ppm U

from

17m

At Amphitheatre, drillholes display multiple zones of mineralisation and AMD011 shows

mineralisation remains open to the south.

TORONTO

Sept. 19, 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 more

assay results from the 2024 drilling activities at the Westmoreland Uranium Project in Queensland,

Australia (

"Westmoreland"

Assays have been received from the first six RC drillholes from Long Pocket and the remaining three

diamond drillholes at the Amphitheatre prospect.

Long Pocket drilling is demonstrating that uranium mineralisation is laterally continuous with drillhole

collar spacing now generally less than

50m

which lends to a high level of confidence of the

mineralisation. Zones of higher-grade uranium intercepted within the broader coherent mineralised

envelope include:

LP24RC004 –

10m

@ 606ppm U

from

depth, including

@ 1,726ppm U

from

11m

LP24RC006 –

@ 1,770ppm U

from

16m

depth, including

@ 3,128ppm U

from

17m

Amphitheatre drilling intercepted multiple zones of uranium mineralisation down hole and indicates

that the target remains open to the south.

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

Rhys Davies

said:

"The first batch of results from infill drilling at Long Pocket demonstrate the quality of this satellite

deposit with good uranium grade at very shallow depths and supports Laramide's focused attention

on enhancing

Westmoreland's

resources towards improving the economics of a future mine plan.

"Building on previously reported results, Amphitheatre continues to impress with multiple zones of

sandstone hosted mineralisation. The prospect remains open to the north and to the south which

warrants follow-up drilling during this field season.

"We look forward to updating investors as more assay results are received over the coming weeks

and months."

Long Pocket Uranium Deposit

Long Pocket is a satellite deposit located 7 km to the east of the Westmoreland Project. Thirty-

eight infill RC drill holes, for a total of

2,139m

, were recently completed in 2024.

Initial results from the 2024 drilling confirms shallow (<

50m

depth), flat-lying, continuous

mineralisation (Figure 1) with multiple high zones intersecting a similar highly altered hematitic

sandstone of medium to coarsely grained and poorly sorted texture, located peripheral to a dyke/sill

margin.

Assay results from the remaining Long Pocket drilling are expected in Q3 & Q4 2024 and results

from this drilling program will be incorporated into a Maiden Resource Estimation of the deposit in

Q1 2025. The central part of this deposit is now well understood with hole spacing now less than

50m

in places.

Figure 1. Cross section 8065125N looking south (window +/-75m), showing mineralisation

wireframes (solid brown lines) and interpreted mineralisation based on gamma readings (dashed

lines). Refer Figure 3 for Plan view. (CNW Group/Laramide Resources Ltd.)

Amphitheatre Uranium Prospect

The Amphitheatre uranium prospect is located 16km northeast of the Junnagunna uranium deposit.

Drilling in 2024 comprised 5 diamond holes (

932.7m

), which targeted extensions to uranium

mineralisation both laterally and down dip and successfully identified new zones for follow up. The

Amphitheatre prospect geology consists of the Cliffdale Volcanics and Westmoreland Conglomerate

and is predominantly situated within a stratigraphic basal pebble conglomerate (Ptw1). An

interpreted north-south trending fault bounds stratigraphy to the east with a massive, medium

sandstone and scattered quartz pebbles (Ptw2). Mineralisation is interpreted to be structurally and

stratigraphically controlled displaying an eastern downthrow with no apparent lateral movement

(Ptw2 expressing to the east and Ptw1 to the west) (Figure 2).

AMD010 uranium mineralisation is predominately observed as disseminated uraninite within

variably hematite and silica altered in sandstone with secondary mineralisation observed within

veins and as fracture fill.

AMD011 intersected a mafic dyke (similar to AMD009 intersection) hosting an intercept of

@ 307.85ppm U

from

137m

AMD012 – silicified sandstone with limonitic oxides and patchy pervasive sericite throughout.

Initial interpretation suggests that mineralisation may continue to the north but under alluvial cover

which obscures any surface radiometric response. Follow up holes to test this region are being

planned for the end of the 2024 drilling campaign.

Figure 2: Cross section looking north of hole AMD012 (4.00 m @ 201 ppm U3O8 from 65.00 m).

Mineralisation has been extended further 45m to the East and still remains open down dip. (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.

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 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 address 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

AMPHITHEATRE

AMD008

209879

8074908

241.6

-60

01/07/2024

09/07/2024

AMPHITHEATRE

AMD009

209928

8074816

202.9

270

-80

10/07/2024

15/07/2024

AMPHITHEATRE

AMD010

209954

8074725

203.4

-60

15/07/2024

26/07/2024

AMPHITHEATRE

AMD011

209958

8074620

200.3

-60

26/07/2024

02/08/2024

AMPHITHEATRE

AMD012

209928

8074820

84.5

-55

03/08/2024

05/08/2024

LONGPOCKET

LP24RC001

204362

8065063

-90

01/08/2024

LONGPOCKET

LP24RC002

204312

8065113

-90

02/08/2024

08/08/2024

LONGPOCKET

LP24RC003

204262

8065063

-90

03/08/2024

LONGPOCKET

LP24RC004

204212

8065063

-90

03/08/2024

LONGPOCKET

LP24RC005

204168

8065127

-90

03/08/2024

LONGPOCKET

LP24RC006

204122

8065007

-90

04/08/2024

LONGPOCKET

LP24RC007

204092

8064933

180

-60

04/08/2024

LONGPOCKET

LP24RC008

204192

8064940

100

180

-60

04/08/2024

LONGPOCKET

LP24RC009

204187

8065025

-90

04/08/2024

05/08/2024

LONGPOCKET

LP24RC010

204079

8065059

-90

05/08/2024

LONGPOCKET

LP24RC011

204109

8065106

-90

05/08/2024

LONGPOCKET

LP24RC012

204072

8065117

-90

05/08/2024

06/08/2024

LONGPOCKET

LP24RC013

204078

8065160

-90

06/08/2024

LONGPOCKET

LP24RC014

203524

8065406

-90

06/08/2024

LONGPOCKET

LP24RC015

203615

8065322

-90

07/08/2024

LONGPOCKET

LP24RC016

203715

8065262

-90

07/08/2024

LONGPOCKET

LP24RC017

203715

8065362

-90

07/08/2024

LONGPOCKET

LP24RC018

203715

8065462

-90

08/08/2024

LONGPOCKET

LP24RC019

203724

8065561

-90

08/08/2024

LONGPOCKET

LP24RC020

203824

8065611

-90

08/08/2024

LONGPOCKET

LP24RC021

203924

8065561

-90

08/08/2024

LONGPOCKET

LP24RC022

203915

8065462

-90

09/08/2024

LONGPOCKET

LP24RC023

203915

8065362

-90

09/08/2024

LONGPOCKET

LP24RC024

203930

8065255

-90

09/08/2024

LONGPOCKET

LP24RC025

203999

8065213

-90

09/08/2024

10/08/2024

LONGPOCKET

LP24RC026

204086

8065313

-90

10/08/2024

LONGPOCKET

LP24RC027

204027

8065110

-90

11/08/2024

LONGPOCKET

LP24RC028

203958

8065116

-90

11/08/2024

LONGPOCKET

LP24RC029

203881

8065146

-90

11/08/2024

LONGPOCKET

LP24RC030

203977

8065042

-90

11/08/2024

12/08/2024

LONGPOCKET

LP24RC031

203933

8065019

-90

12/08/2024

LONGPOCKET

LP24RC032

203986

8064911

-90

12/08/2024

LONGPOCKET

LP24RC033

203889

8064909

-90

13/08/2024

LONGPOCKET

LP24RC034

204331

8064746

107

-90

13/08/2024

LONGPOCKET

LP24RC035

204134

8064653

108

-90

15/08/2024

LONGPOCKET

LP24RC036

204121

8064795

105

-90

15/08/2024

LONGPOCKET

LP24RC037

204001

8064732

101

-60

15/08/2024

16/08/2024

LONGPOCKET

LP24RC038

203843

8064732

100

-60

16/08/2024

Figure 3: 2024 Long Pocket Drill Collar location and Cross Section (Figure 2) 8065125N (CNW

Group/Laramide Resources Ltd.)

Figure 4: 2024 Amphitheatre Drill Collar location (CNW Group/Laramide Resources Ltd.)

Table 2: Significant intercepts >100ppm U

Hole

number

From

Length (m)

ppm

Au g/t

AMD010

22.25

23.55

1.3

208.13

0.01

AMD010

57.05

58.05

211.67

0.03

AMD010

63.05

64.3

1.25

130.30

0.02

AMD010

74.2

75.2

172.16

0.05

AMD010

79.2

80.2

129.71

0.04

AMD010

86.2

88.2

124.70

0.005

AMD010

109.6

111.6

164.50

0.01

AMD010

114.65

120.4

5.75

142.06

0.053

AMD010

129.95

130.95

125.58

0.01

AMD010

140.95

141.95

108.60

0.01

AMD010

167.29

169.29

179.83

0.06

AMD011

189.26

0.008

AMD011

107.31

0.02

AMD011

137

144

307.89

0.006

AMD011

174

175

299.52

0.02

AMD011

179

181

467.55

0.005

AMD012

200.94

0.029

LP24RC001

119.10

0.005

LP24RC001

127.35

0.005

LP24RC001

261.39

0.053

LP24RC002

105.89

0.005

LP24RC002

328.53

0.1

LP24RC002

107.66

0.02

LP24RC002

233.78

0.035

LP24RC003

221.59

0.006

LP24RC003

229.65

0.035

LP24RC004

126.76

0.01

LP24RC004

606.32

0.008

Including*

1726.35

0.01

LP24RC004

282.21

0.06

LP24RC005

229.75

0.005

LP24RC005

289.79

0.055

LP24RC006

1769.91

0.008

Including*

3127.83

0.008

LP24RC006

143.80

0.095

* Included intercepts are above >1000 ppm U

SOURCE

Laramide Resources Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2024/19/c0454.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; or Ann Baines, Director, Investor Relations, Toronto, Canada

+1 (647) 832-9904

CO: Laramide Resources Ltd.

CNW 07:30e 19-SEP-24

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