Laramide Resources Ltd. announced assay results received from the 2023 drilling campaign at the Westmoreland Project in NW Queensland. Over 4,000m of diamond drilling, for 40 holes were completed at four discrete targets during 2023: Amphitheatre, Long Pocket, Black Hills and Huarabagoo. Results from Long Pocket and Black Hills have now been received after extended laboratory delays.

The objective of drilling at these targets was to explore opportunities to extend the envelope of known mineralization at Long Pocket ahead of a maiden mineral resource modelling planned for 2024 and to investigate potential extensions in the corridor towards the Black Hills uranium prospect. Long Pocket is a potential satellite deposit located 7km to the east of the Westmoreland Project and was subject to historical exploration by previous operators including QML, Rio Tinto and Laramide. The Black Hills prospect is located 1.5km northeast of the Long Pocket prospect and presents as a broad 1.5 x 1km east-west airborne radiometric anomaly.

Recent exploration drilling at the Black Hills target has discovered multiple zones of mineralisation in previously undrilled zones at the project's southern end. Three scout holes were drilled in 2023, each intercepting multiple zones of mineralisation with results including: BH23DD001 - 3.0m @ 259ppm U3O8 from 29m depth BH23DD001 - 0.98m@ 505ppm U3O8 from 120.12m BH23DD002 - 2.0m @ 591 ppm (0.06%) U3O8 from 209m Including 0.9m @ 1154ppm (0.12%) U3O8 from 210.1m BH23DD003 - 3.0m @ 1844ppm (0.18%) U3O8 from 88m Including 2.00m @ 2671ppm (0.27%) U3O8 from 89m Mineralisation is hosted in the coarse-grained to granular Westmoreland conglomerate with the higher grades (>0.1%) associated with the fractured footwall contact of intrusive dolerite dykes. These results, combined with a review of historical data from the 1970's, promote Black Hills to one of Laramide's priority exploration targets for the 2024 field season and will include validation and qualification of historical work.

At Long Pocket 15 exploration drillholes were completed to test mineralisation extensions to the north and north-east. Importantly, results from drill holes LP23DD-002, -008 and -011 present immediate step outs of over 100m from known shallow, flat-lying mineralisation, whilst LP23DD-006 and -015 suggests a potential mineralised corridor to the Black Hills uranium prospect which requires further investigation in the year ahead. LP23DD002 ­ 1.0m @ 545ppm U3O8 from 42.0m LP23DD006 ­ 0.68m @ 980ppm U3O8 from 81.0m LP23DD008 ­ 0.73m @ 149ppm U3O8 from 4.93m LP23DD011 ­ 0.96m @ 109ppm U3O8 from 21.54m LP23DD015 ­ 1.02m @ 692ppm U3O8 from 51.9m Further to previously reported "off-scale" radiometric anomalism at the U-Valley prospect1, the four in-situ, rock chips samples taken during reconnaissance work in 2023 have returned significant uranium mineralisation grading up to 1.49% U3O8 over two parallel east-west trending zones of approximately 200m strike.

Whilst grab samples are discrete points, outcropping uranium mineralisation presents a compelling target for further investigation during 2024.