Laramide Resources Ltd. announced the recommencement of the review process of the Draft Environmental Impact Statement ("DEIS") for La Jara Mesa, which will ultimately lead to the completion of the Final Environmental Impact Statement and a United States Forest Service ("USFS") Record of Decision ("ROD"). Laramide has signed an agreement with the USFS, Cibola National Forest and National Grasslands to fund the services required to restart the USFS National Environmental Policy Act ("NEPA") analysis. The DEIS for the La Jara Mesa Mine Project was originally published in May 2012 on the Federal Register and was available for public review as announced by the Company on May 22, 2012.

The public review process was the final step towards the EIS. However, due to progressively unfavourable uranium market conditions, Laramide elected to pause the permitting process. The announcement recognizes that Cibola National Forest andNational Grasslands of the USFS is in receipt of the La Jara Mesa Mine Plan of Operations, developed by Laramide, which proposes to build and operate an underground mine on their unpatented mining claims on La Jara Mesa in the Mount Taylor Ranger District.

The Cibola National Forest will prepare an environmental impact statement in accordance with NEPA to assess the development of a uranium exploration and mining operation. The La Jara Mesa project is in the prolific Grants Mineral Belt, ten miles northeast of the town of Grants in Cibola County, New Mexico, USA. The deposit was discovered in 1980 and developed through 1983 by Power Resources on behalf of Midas International, the then project owner.

Both Homestake Mining Company and Laramide Resources subsequently performed validation drilling of the deposit. To date over 700 holes have been completed. La Jara Mesa is a sandstone hosted, roll- front style deposit.

Laramide's NI 43-101 compliant mineral resource estimate2 for La Jara reports 7,257,817 pounds of uranium (U3O8) in the Measured and Indicated classifications, contained in 1,555,899 tons at an average grade of 0.23% U3O8. In addition, there are 3,172,653 pounds of U3O8 in the Inferred mineral resource classification, contained in 793,161 tons at an average grade of0.20% U3O8 on the property.