Mr. Marc Henderson reports

LARAMIDE RESOURCES ANNOUNCES FULL CONVERSION OF OUTSTANDING CONVERTIBLE DEBT

Laramide Resources Ltd. received notice from Extract Advisors LLC on March 13, 2025, of a decision to convert all of Extract's $3.5-million (U.S.) convertible debt position in Laramide. The debt was convertible at 40 Canadian cents and had a term that would have expired on April 1, 2026.

On March 14, 2025, Boss Energy, an Australian Securities Exchange-listed uranium producer, announced that it has added to its shareholdings in Laramide Resources, and once the arrangement is completed, will hold an 18.4-per-cent interest in Laramide. According to its ASX announcement dated March 13, 2025, the increased investment was made based on the strength of Laramide's flagship Westmoreland project in Queensland. This asset could become even more attractive if the recently elected Liberal National Party (LNP) Queensland government accepts permit applications to allow uranium mining development, an activity which was prohibited by a party policy of the Australian Labor Party (ALP), which held power in Queensland for 30 of the previous 35 years until its defeat in late October, 2024. Notably, under the most recent tenure of the LNP in Queensland (from 2012 to 2015), a similar policy reversal was communicated within six months of taking office.

Laramide further advises that Boss participated in the company's November, 2023, equity raising in Australia and that one of the directors for Boss Energy has previously served as a chief operations officer for Laramide, including during the period when the most recent Westmoreland PEA (preliminary economic assessment) was completed in 2016. Laramide welcomes Boss's investment as a strong endorsement of Westmoreland as a Tier 1 uranium development asset and shares its view that the development of Westmoreland seems inevitable, given the strategic importance of Australian uranium and critical minerals to Western energy security.

In addition to the Westmoreland asset, where recently, a meaningful expansion to the mineral resource estimate was announced (see Laramide news release dated Feb. 28, 2025), Laramide owns other significant late-stage development assets in the United States and is about to initiate greenfield exploration in Kazakhstan, the world's largest primary uranium-producing country.

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Tier 1 uranium jurisdictions. 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 and production potential and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan, where the company is exploring over 5,500 square kilometres of the prolific Chu-Sarysu basin for world-class roll-front deposits that are amenable to in situ recovery.

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