Mr. Marc Henderson reports

LARAMIDE RESOURCES ANNOUNCES UPSIZE TO PRIVATE PLACEMENT

Laramide Resources Ltd., further to its news release of June 30, 2025, has upsized its non-brokered private placement to up to 20 million common shares of the company at a price of 60 cents per common share for gross proceeds up to $12-million.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the common shares will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the common shares issued pursuant to the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

The company has filed an amended and restated offering document dated July 7, 2025 (amending and restating the offering documents dated June 30, 2025), which can be accessed under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors should read the amended and restated offering document before making an investment decision. The amended and restated offering document amends the offering document to reflect the increased size of the offering, including the revised use of proceeds and use of available funds.

The company will use the gross proceeds of the offering to advance late-stage U.S. permitting initiatives, working capital and general corporate purposes.

The offering is scheduled to close on or about July 16, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange.

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Tier 1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 square kilometres of the prolific Chu-Sarysu basin for world-class rollfront deposits which are amenable to in situ recovery.

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