Laramide Resources Ltd. announced that the second phase of the 2022 drill program at its Westmoreland Uranium Project in Queensland, Australia ("Westmoreland") is now underway. This phase of the program, will focus on a potential satellite deposit known as Longpocket (including the Sue /Outcamp prospects) which saw limited drilling in 2010 but was never included in the overall resource at Westmoreland. The Outcamp and Sue Uranium prospects are located 8km to the East of the Junnagunna Uranium deposit and 12km Northeast of Redtree and the current drilling will target Outcamp, with a goal of extending the envelope of known uranium mineralisation to the northeast, building on a 2010 drilling program, which confirmed mineralisation as shallow and flat-lying in nature.

The current drilling program will consist of up to a dozen or more diamond drill holes on a truck mounted rig and is expected to conclude by late October before the onset of the traditional wet season. The Company can also report that the drilling program to test the prospective Amphitheatre prospect was successfully completed in early July, which was somewhat slower than the originally anticipated timeline due to equipment and logistical constraints. Core cutting and sampling preparation were similarly impacted but the samples were shipped in late August to ALS Global Lab in Mount Isa and are expected to be processed in the coming weeks.