Mr. Marc Henderson reports

LARAMIDE ANNOUNCES BOARD APPOINTMENT; ACKNOWLEDGES COMPLETION OF US DEPARTMENT OF COMMERCE PROBE INTO URANIUM IMPORTS

Laramide Resources Ltd. has appointed Raffi Babikian to its board of directors, effective immediately. Mr. Babikian has broad and extensive nuclear fuel cycle industry experience, including having provided corporate finance and marketing advisory services to uranium mining companies across the globe for the past 12 years, both as an investment banker and as an independent consultant. He began his career at Areva SA (now Orano SA), the French nuclear fuel cycle company, and has previously served on the board of directors of Khan Resources Inc. and Fission Uranium Corp. Mr. Babikian holds a bachelor of engineering from McGill University, a masters from the Massachusetts Institute of Technology and an MBA from the College des Ingenieurs in Paris.

Commenting on Mr. Babikian's appointment, Laramide's president and chief executive officer, Marc Henderson, stated: "We are pleased that Raffi has accepted the invitation to join our board at this time. His experience and relationships within the uranium industry should prove very valuable to us as we seek to accelerate development of our portfolio of uranium projects in Australia and the United States."

Mr. Henderson added, "It is a potentially very opportune time for shareholders in uranium companies as years of under-investment in potential future supply have created an unsustainable supply/demand balance that is likely to be resolved by higher uranium prices, regulatory action or both." In this regard, Laramide notes the completion last week of the United States Department of Commerce's (DOC) investigation into the national security implications of reliance on imported uranium. This Section 232 investigation resulted in a confidential report and set of recommendations, which have been forwarded by DOC to the White House. The President now has 90 days to decide whether to take action on the matter, a timeline which concludes on July 14, 2019.

While the petitioners of this action requested 25-per-cent quotas as the proposed remedy to their perceived U.S. security of supply concerns, a range of outcomes are possible, including no action. Should any pro-active action be taken, which supports U.S. domestic production capabilities, Laramide believes it is well positioned to benefit as one of a small group of companies with material U.S. development assets.

The company also announces the granting of 3.5 million stock options to employees, directors and consultants for a period of three years at an exercise price of 40 cents per share.

About Laramide Resources Ltd.

Laramide Resources is a Canadian-based company with diversified uranium assets strategically positioned in the United States and Australia that have been chosen for their low-cost production potential.

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