2004 Press Releases

Laramide Completes Private Placement

Laramide Resources Ltd. (TSX Venture-LAM) reports that it has completed a previously announced non-brokered private placement of 1,500,000 units for gross proceeds of $450,000. Each unit is comprised of one common share and one common share purchase warrant, each warrant entitles the holder thereof to acquire a common share for a period of two years from the date of issuance, exercisable at a price of $0.40 per share. Proceeds of the private placement will be used for general working capital purposes, including costs related to the Westmoreland project in Queensland, Australia, and the Company’s Cerro Colorado project in Mexico.

The shares and warrants comprising the units are subject to a four month hold period.

For further information, contact:

Marc C. Henderson, President
at (416) 599-4133.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.