Laramide Resources Ltd. announced assay results from the first two diamond drill holes from the Amphitheatre exploration target at its Westmoreland Uranium Project in Queensland, Australia. These results are the first received from a 4,000+ meter exploratory drill program announced July 2023. The program was designed to include a mixture of infill but also to test new prospects for possible expansion across four discrete targets, which are described in more detail below.

This season's exploration campaign in Australia also includes on ground exploration and target generation at the Company's contiguous Murphy Project in the Northern Territory, which will be the subject of a separate news release in the coming weeks. The 2023 exploration drilling program commenced at Amphitheatre uranium prospect and comprised nine holes for a total of 855.8m diamond drilling. Assay results from the first two holes at Amphitheatre, AM23DD001 & 002, have been received.

highlights include: AM23DD001; Near surface 1m @ 660ppm U3O8 from 1m; 3m @ 177 ppm U3O8 from 7m; 5.5m @ 242 ppm U3O8 from 34.5m including 0.59m @ 1,249ppm (0.12%) U3O8 from 36.81m; 3.32m @ 253 ppm U3O8 from 47.68m and 2.5m @ 775 ppm U3O8 from 52.5m. AM23DD002; 18.41m @ 352 ppm U3O8 from 49.21m including 0.66m @ 2,452ppm (0.25%) U3O8 from 49.,21m and 0.84m @1,910 ppm (0.19%) U3O8 from 69.06m. This season's exploration drilling campaign at Westmoreland has two objectives: resource infill and extension at the Huarabagoo and Long Pocket deposits, and exploration drilling of new targets at Amphitheatre and Black Hills.

The 2023 exploration program, which commenced on July 17, has completed a total of 30 holes to date (9 at Amphitheatre, 15 at Long Pocket, 3 at Black Hills and 3 at Huarabagoo). Nine holes remain to be drilled in the current program which should be completed by the end of October. To date, drilling has identified multiple, shallow, mineralized horizons all hosted within the PTW4 unit of the Westmoreland Sandstone.

Interpretation of geology and mineralisation controls is ongoing and will be refined as more results are received.