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2005 Press Releases

Laramide Closes $13.0 Million Private Placement

Laramide Resources Ltd. is pleased to announce that, on Friday, September 30, 2005, it closed the private placement offering announced September 6, 2005. The syndicate for the offering was led by Haywood Securities Inc. and included Pacific International Securities Inc. (collectively with Haywood, the “Agents”).
The original announced financing consisted of 4 million units (the “Units”) at a price of $2.50 per unit for gross proceeds of $10 million. The Agents exercised their option to increase the offering by an additional 1.2 million Units, providing additional gross proceeds of $3 million for an aggregate total gross proceeds of $13.0 million.

Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of Cdn$3.25 for a period of 24 months following closing. All shares issued at closing and shares issuable upon exercise of the warrants are subject to a four-month hold period expiring on January 30, 2006.

Proceeds of the private placement will be used to fund the exploration and development of Laramide’s Westmoreland project in Australia, acquisition payments for the purchase of the western United States uranium portfolio of Homestake Mining Company and La Jara Mesa Mining Company (both wholly-owned subsidiaries of Barrick Gold Corporation), and for working capital and general corporate purposes.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S of the US Securities Act) absent registration or unless an exemption from the registration requirements is available. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Laramide Resources Ltd. is a Toronto-based resource company specializing in the acquisition and development of mining projects globally. Laramide has a diverse portfolio of assets – all of which are leveraged to improving commodity fundamentals. At present, the Company’s key projects are located in Australia, United States and Canada, with lesser interests and investments in Argentina, China, and Mexico.

Disclosure regarding forward-looking statements
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

For further information contact:
Marc C. Henderson, President
Tel: (416) 599-7363
Or visit our web site at www.Laramide.com

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