Mr. Marc Henderson reports

LARAMIDE COMPLETES A$12.0 MILLION PLACEMENT

Further to Laramide Resources Ltd.'s news release of Nov. 9, 2023, the $12-million (Australian) placement to institutional and sophisticated investors pursuant to S708 of the Corporations Act (Cwth) 2001 in Australia has completed. Funds have been received and CDIs (chess depositary interests) are being issued.

Proceeds from the placement will be used to accelerate development projects in the United States, to ramp up drilling at the company's advanced exploration assets in Australia during the next field season, and for general working capital and transaction costs.

The placement comprises the issuance of 20 million CDIs at an issue price of 60 Australian cents per CDI. Each new CDI issued under the placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in one common share of the company. Bell Potter Securities Ltd. acted as lead manager and bookrunner to the placement.

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Australia and the Western United States. The company's portfolio comprises five advanced uranium projects in districts with historical production or superior geological prospectivity. Each asset has been carefully chosen for its size and production potential, and the projects are considered late-stage, low-technical-risk projects.

The Westmoreland project in Queensland, Australia, is one of the largest uranium development assets held by a junior mining company. This project has a preliminary economic assessment (PEA) that describes an economically robust, open-pit mining project with a mine life of 13 years. Additionally, the adjacent Murphy project in the Northern Territory of Australia is a greenfield asset that Laramide strategically acquired to control the majority of the mineralized system along the Westmoreland trend.

In the United States, Laramide's assets include the NRC licensed Crownpoint-Churchrock uranium project, which is proposed to be developed using in situ recovery (ISR) production methodology. The company also owns the La Jara Mesa project in the historic Grants mining district of New Mexico and an underground project, called La Sal, in Lisbon Valley, Utah.

We seek Safe Harbor.