Laramide Resources : Investor Presentation, December 2020

December 2020

L a r a m i d e R e s o u r c e s L t d .

A diversified uranium developer in an emerging development environment

TSX: LAM | ASX: LAM | www.laramide.com

D I S C L A I M E R

This presentation is provided on the basis that neither the Company nor its representatives or advisors make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The presentation contains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties, and may differ materially from results ultimately achieved.

To the maximum extent permitted by law the Company and its advisors, affiliates, related bodies corporate, directors, officers, partners, employees and agents exclude and disclaim all liability without limitation, for any expenses, losses, damages or costs incurred by you as a result of the information in the presentation being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise, the use of this information or otherwise arising in connection with it.

This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information.

Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

Exploration Target Size described in this presentation is conceptual in nature and should not be construed as a JORC compliant Mineral Resource. Target mineralisation is based on projections of established grade ranges over appropriate widths and strike lengths having regard for geological considerations including mineralisation style and expected mineralisation continuity as determined by qualified geological assessment. There is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource.

This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This presentation is for information purposes only and is not an invitation or offer of securities for subscription, purchase or sale in any jurisdiction (and will not be lodged with the U.S. Securities Exchange Commission or Canadian Securities Exchange).

2

W E L L P O S I T I O N E D TO D AY I N U R A N I U M S E C TO R

Laramide is a Canadian-based company with globally diversified and strategic uranium assets in the United States and Australia.

Premier In Situ Recovery (ISR) division - Church Rock Project in New Mexico provides near-term production potential; valuation

compares favourably with USA ISR peers.

Laramide's uranium projects are both potentially low cost and have lower technical risk.

Nuclear power is key to delivering clean energy and baseload power to meet rising electricity consumption.

Uranium Market outlook is positive with production far below future demand requirements

3

M A C R O - U R A N I U M M A R K E T : W H E R E H AV E W E B E E N ?

The World's Clean Reliable Energy

"In this emerging environment, the recent complacency of utility fuel buyers with respect to security of supply is likely to be tested."

Laramide Resources Ltd.'s President and CEO Marc Henderson

Spot Price		Long Term Price	NINE YEAR BEAR MARKET
	due to combined Demand
			AND Supply Shocks

140

US$/lbU3O8	120
	100

80

60

40

20

0

2004 2005

EARLY 2000s

Major mine disruptions following U3O8 price at all-time low

U price +$70/lb

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

MID TO LATE 2000s	MARCH 2011	PAST 2 YEARS:
Utility Contracting	Fukushima	Major production curtailments (Cameco,
		Kazatomprom); U.S. government support; Demand
		around world for nuclear and growing electricity
		generation; New financial players (Yellow Cake,
		etc.); Long-term contracts rolling off; Nuclear
		reactor construction.

4

M A C R O - U R A N I U M M A R K E T : W H E R E A R E W E G O I N G ?

2019 World Nuclear Association demand projections

Little to no demand destruction

as nuclear is NOT GDP correlated in the short to medium term

Market was already in primary supply deficit

heading into 2020

COVID-19 is a material

supply shock

Uranium is highly concentrated

geographically and geopolitically

Security of supply and supply chain vulnerability

is now highly topical

5

W H E N C O N T R A C T I N G R E S U M E S

W H E R E W I L L I T C O M E F R O M ?

Top 10 Producing Uranium Countries
13%	2%	41%	5.4%	3.5%	*
Canada	*	Kazakhstan	Russia
Ukraine	China

1%	5.4%	10.3%	*	12%
Namibia	4.5%	Australia
USA	Niger	Uzbekistan
WNA, 2018				* Estimated

Factors to

Consider:

There is no 2nd

Kazakhstan

Cost curve considerations

Scale considerations (biggest supply additions will entail long lead times, higher costs)

Geopolitical favoritism considerations

The contracting market has evolved since the last significant contracting cycle in 2005-2008

6

L A R G E S C A L E , H I G H Q U A L I T Y

U S A & A U S T R A L I A N P R O J E C T S

CHURCHROCK &		MURPHY URANIUM
CROWNPOINT PROJECTS
	PROJECT
In Situ Recovery Division.
	Northern Territory (Australia)
New Mexico (USA)

LA SAL & LA JARA MESA

PROJECTS

Hardrock assets.

Utah (USA) & New Mexico (USA)

WESTMORELAND URANIUM PROJECT

Northwest Queensland (Australia)

Key projects were acquired for their jurisdiction, where they sit on the global cost curve, as well as for the degree of technical risk required for development

7

C H U R C H R O C K P R O J E C T H I G H L I G H T S

LARGE U.S. URANIUM	SIGNIFICANT	LOW COST	NRC LICENSE AND	EXPLORATION
DEPOSIT	RESOURCE1	RECOVERY2	PERMITTING	UPSIDE
The Project is a significant	2017 independent NI 43-	Amenable to In-Situ	Major permitting work	Through the Resource
uranium deposit with	101 Mineral Resource	Recovery (ISR) with the	has been completed for	modelling process several
attractive grades and	Estimate demonstrates an	initial production area,	Sec. 8, 17 and Crownpoint	areas were identified for
excellent nearby	Inferred resource of 33.9	Sec. 8, being the subject	including an NRC Licence	immediate follow up
infrastructure. It is located	M tons at avg grade of	of a Feasibility Study	in timely renewal. Water	which could add
in the Grants Mineral Belt,	0.075% eU3O8 for a	completed by previous	rights and an EPA aquifer	additional resources to the
in McKinley County, New	contained resource of	operator. The study	exemption also exist.	already significant
Mexico. Uranium	50.8 Mlbs using a 0.5	contemplates output	Crownpoint holds	resource at Church Rock.
mineralization consists of	ft% Grade Thickness cut-	being toll-milled through	necessary NRC licence	Modern exploration in the
a series of stacked roll-	off. Data from previous	a licensed facility in Texas,	for a 3 Mlbs U3O8	region will also allow for
front deposits.	operators have been	Capex of $35M for initial	Central Processing Plant.	upgrading of parts of the
	consolidated and digitized	production of 1Mlbs U3O8	No economic study at this	inferred resource at
	resulting in a database of	per annum; Low operating	time on CPP.	Church Rock.
	1,667 drill holes totaling	costs (US$20-$23/lb).
	1,841,545 feet of
	drilling.

1Church Rock Resource Estimate 2017 completed by Roscoe Postle Associates Inc., press release dated Oct. 10, 2017

2 Feasibility Study compiled by Behre Dolbear & Company, TREC Inc. and Western States Mining Consultants Inc. (Uranium Resources press release, Dec. 31, 2012)

8

D E V E L O P E R R E S O U R C E C O M PA R I S O N

Excellent in-ground price leverage.

Enterprise value to global resource/reserve base.

3.00
2.50
2.50	NexGen	Berkeley	Fission					Resources Laramide
2.00			Yellow Deep	Resources Vimy
1.50	Peninsula
1.00	Toro	GoViEx
0.50
0.00

Peer ISR Resources		ISR Peer Grade (%U3O8)
				60.6M Lbs
			53.7M Lbs	Energy Fuels	0.109%
		42.5M Lbs		Laramide
				0.075%
26.8M Lbs	29.3M Lbs
			UEC	0.072%
				UR-Energy	0.058%
				Peninsula Energy	0.048%
UEC	Energy Fuels	UR-Energy	Peninsula	Laramide
			Energy	(not including
				Westmoreland & U.S.
				hardrock assets.)

Source: Company disclosure 2017	9

W E S T M O R E L A N D P R O J E C T H I G H L I G H T S

LARGE AUSTRALIAN URANIUM

DEPOSIT

Westmoreland is one of the largest undeveloped uranium deposits in Australia, and only one in a handful in the world not under control of a major mining company.

SIGNIFICANT

RESOURCE1

Total resource of 51.9 million pounds of uranium (U3O8): 36 million pounds U3O8 of Indicated with an average grade of 0.089% (890ppm)and 15.9 million pounds U3O8 of Inferred with an average grade of 0.083% (830ppm).

SIMPLE

MINING1

Westmoreland is intended to be an open cut operation from multiple shallow pits allowing cost effective and best practice in-pit tailings disposal.

EXCELLENT METALLURGICAL

RESULTS1

High uranium recovery of > 95% using conventional acid leaching and ion exchange technology to produce around 3.5 million pounds per annum.

LONG MINE LIFE EXPECTED - UPDATED PEA COMPLETED

Mine life is expected to be 13 years with potential to increase to more than 15 years following further resource/reserve drilling.

LOCATED IN WORLD-CLASS MINING

PROVINCE

Located in a world-class mining province with favourable infrastructure near the Century Zinc Mine.

1PEA and Resource Estimate as disclosed in Laramide press release April 21, 2016.

10

M U R P H Y P R O J E C T - MAJOR GREENFIELD OPPORTUNITY

NORTHERN TERRITORY, AUSTRALIA

Newly

acquired

Newly

acquired

DISTRICT SCALE EXPLORATION		WORLD CLASS MINING JURISDICTION		MURPHY ACQUISITION COMPLETED
The Murphy Uranium Tenements (683 km2)		The Northern Territory hosts several well		Laramide completed the acquisition of the
provide outstanding exploration upside to		known deposits including the Ranger Mine.		Murphy Project from Rio Tinto Exploration
control most of the mineralised system along		Laramide anticipates on-ground exploration		Pty Limited. Laramide now holds a 100%
the Westmoreland trend. Tenements are		as a next step, having completed an airborne		interest in Murphy Uranium Tenements which
situated in the highly prospective and		geophysical survey of 16,281 line kilometres		Laramide had been exploring under a farm-in
underexplored Murphy Uranium Province in		over the tenements in late 2014 and		agreement.
the Northern Territory.		Westmoreland regional data analysis in 2015.

11

C O R P O R AT E S N A P S H OT

PUBLICLY TRADED

LAM

TSX

LAM

ASX1

LMRXF

OTC

Shares on Issue	165.6M
Fully Diluted	224M
Market Price (CAD)2	$0.25
Market Cap	C$41M
Cash & Investments4	~CAD$1.755M
Loan Facilities3	US$6M
Major Shareholders	Mgmt/Directors own 11%
	Uranium focused institutions, including ETFs 8%
	Swiss based family office ~7%
	Extract and DSC ~5%
Notes	1. ASX CDIs are 1:1 into common shares and included
	in total Shares on Issue
	2. December 1, 2020
	3. Extract amendment to transaction (see press
	release March 27, 2020).
	4. As at March 2020

12

2 0 2 0 VA L U E D R I V E R S

Continuing Uranium price recovery and initiation of meaningful utility contracting cycle

USA security of supply concerns turn into an actual legislated response

Completion of initial Churchrock PEA

Uranium price recovery achieves level where increasing visibility becomes possible at the asset level (Churchrock, Crownpoint, La Sal, and other projects)

Initiation of meaningful exploration, including initial drilling, at the Murphy Project, Northern Territory, Australia

C O N TA C T I N F O

Marc Henderson

President and CEO

Phone (Toronto) 416 599 7363

Email [e-mail]

LARAMIDE CORPORATE OFFICE

The Exchange Tower

130 King Street West

Suite 3680, PO Box 99

Toronto, Ontario

Canada M5X 1B1

TSX: LAM | ASX: LAM | www.laramide.com

14

THANK YOU

TSX: LAM | ASX: LAM | www.laramide.com