Mr. Marc Henderson reports

LARAMIDE RESOURCES ANNOUNCES FILING OF NI 43-101 PEA TECHNICAL REPORT FOR CHURCHROCK IN-SITU URANIUM PROJECT, NEW MEXICO, U.S.

Following its Jan. 11, 2024, announcement which presented a summary of economic highlights from a preliminary economic assessment National Instrument 43-101-compliant technical report (PEA) for the 100-per-cent-owned Churchrock in-situ uranium project located in New Mexico, U.S., Laramide Resources Ltd. has released the full report on SEDAR, as well as on the company website.

The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101") by SLR International Corporation ("SLR"), an independent consulting firm with considerable expertise in mining and mineral processing, including uranium mining in the United States.

For the purposes of ASX Listing Rule 5.12, Laramide Resources cautions that the Preliminary Economic Assessment (PEA) for the Churchrock Project is not reported in accordance with the Australasian Code for Reporting of Mineral Resources and Ore Reserves 2012 (JORC Code) because the mineral resource estimate which underpins the production target, is 100% Inferred classification. The Mineral Resource Estimate underpinning the Production Target in the PEA has been prepared by a Qualified Person(s) in accordance with the requirements of NI 43-101.

Technical Report and Qualified Persons

The Churchrock Project PEA has been prepared in accordance with the requirements of NI 43-101 by Mark B. Mathisen, C.P.G., and Stuart E. Collins, P.E., SLR International Corporation, Houmao Liu, Ph.D., P.E., Itasca Denver Inc., Lee (Pat) Gochnour, MMSA (QP), Gochnour & Associate Inc, Walter L. Niccoli, P.E., Telesto Solutions, Inc., and Benjamin J. Schiffer, P.G., WWC Engineering, who are QPs as defined under NI 43-101.

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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 their size, production potential, and 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 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.

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