Laramide Provides Annual Meeting Details and Announces New Board of Directors Nominee

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TORONTO, May 22, 2024 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that it has mailed its notice of annual meeting of shareholders, management information circular (the "Circular") and related meeting materials (collectively, the "Meeting Documents") in respect of its upcoming annual meeting of shareholders of the Company (the "Meeting"), to be held on June 26, 2024 at 11 a.m. Eastern Time.

Laramide's current, long-tenured director D. Scott Patterson has informed the Laramide Board of Directors (the "Board") of his intention to retire from the Board as of the Meeting and he will therefore not stand for re-election.

John Mays, a licensed chemical engineer with 30 years of experience with in-situ recovery and the uranium industry, is nominated as a new member to the Laramide Board of Directors (the "Board"), to be elected at the Meeting. The Company's proposed new Board member adds a valuable technical and in-situ recovery ("ISR") mining background to the Board's existing skillset matrix, and has broad operational leadership experience,  both internationally and in the United States.

Laramide expresses its sincere appreciation to D. Scott Patterson for his invaluable contributions during his tenure on the Board. Mr. Patterson, who is the CEO of TSX and NASDAQ listed FirstService Corporation – one of Canada's premier growth companies – has been instrumental in helping guide Laramide through significant corporate milestones, and associated challenges, as the company's fortunes ebbed and flowed in concert with the prospects and perceived potential of nuclear power as a cornerstone technology for electricity generation.  With nuclear power seemingly once again poised to capture a growing share of a growing market, this moment also creates an opportunity to further the process of board renewal at Laramide and begin positioning the company from development towards production status in the near to medium term.

Laramide's President, CEO and Director Marc Henderson commented:

"One of our longest-term directors, Scott Patterson, will not stand for re-election at the Annual Meeting. The Board of Directors and management of Laramide would like to extend our sincere gratitude to Scott for his exceptional dedication and service over the years. As Director and Audit Chair, Scott's integrity, common sense, and business and financial acumen were highly valued commodities in our boardroom and will be sorely missed; Scott continues to have a large ownership position in the Company. We are pleased to welcome our new director nominee, John Mays, who brings significant and proven mining and technical experience to our Board. All of our uranium assets, and in particular Laramide's planned long life, low-cost in-situ recovery Crownpoint-Churchrock uranium operation in New Mexico, United States, will benefit from John's deep technical experience."