Mr. Marc Henderson reports

LARAMIDE ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR INCREASED MINERAL RESOURCE ESTIMATE AT WESTMORELAND URANIUM PROJECT

Laramide Resources Ltd. has filed on SEDAR+ a National Instrument 43-101-compliant, Standards of Disclosure for Mineral Projects, independent technical report for the wholly owned Westmoreland project in northwestern Queensland, Australia.

The report, titled, "Updated Mineral Resource Estimate and NI 43-101 Technical Report for Laramide's Westmoreland Uranium Project, Queensland Australia," is dated April 14, 2025, and has an effective date of Jan. 31, 2025. There are no differences in the report from the results disclosed in the company's Feb. 28, 2025, news release. The report can be found under Laramide's profile on SEDAR+ and on the company's website.

An update to the mineral resource estimate for the Westmoreland uranium project, Queensland, Australia, has been prepared by Addison Mining Services of the United Kingdom on behalf of Laramide. Laramide is a dual-listed entity on the Toronto Stock Exchange and Australian Securities Exchange of Canada and Australia, respectively, as such the estimate is reported in accordance with NI 43-101, Standards of Disclosure for Mineral Projects, and prepared under Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards. CIM definition standards for mineral resources (2014) and best practices guidelines outline by CIM (2019) have been followed. The estimate is also reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC code, 2012 edition).

Qualified/competent person review

The technical information in this news release relating to mineral resource estimates has been reviewed by R.J. Siddle, MSc, MAIG, principal resource geologist for Addison Mining Services. Mr. Siddle is an independent qualified person within the meaning of the CIM definition standards for mineral resources (2014) and independent competent person within the meaning of the JORC (2012). He has over 15 years of experience in the industry, relevant experience includes undertaking mineral resource estimates for a variety of commodities, including gold and tin deposits. Mr. Siddle has prior involvement with the project, having worked as an exploration geologist for Lagoon Creek Resources on the Westmoreland project in 2007 and 2008.

Mr. Siddle has reviewed and verified the technical information that forms the basis of, and has been used in the preparation of, the mineral resource estimate and this news release, including analytical data, drilling logs, QC (quality control) data, density measurements and sampling. Mr. Siddle consents to the inclusion in this news release of the matters based on the 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. 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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