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2008 Press Releases

Laramide Intersects Gold Mineralization at its Westmoreland Uranium Project

Laramide Resources Ltd. (TSX:  LAM)  is pleased to release results for gold assays at its 100 % owned Westmoreland property for the first 28 drill holes completed during 2007 and 2008. These results included drill hole WDD08-023 which intersected 4 metres at 1.30g/t Au from 38 metres and 19 metres at 1.09g/t Au from 54 metres.

All 28 drill holes were drilled with either NQ or HQ core into The Garee Lens, which forms part of the Redtree Deposit at The Westmoreland project. Mineralisation within the Garee lens is flat lying and hence the true width of mineralisation is generally between 75 % and 100 % of the intersection within the drill holes.

Uranium assays have been reported already, with gold assay results tabulated below:

Drill Hole
AMG East*
AMG North*
Azimuth
(degrees)
Dip
(degrees)
RL  
(m)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
True Width
(m)
WDD08-004
192333
8060495
90
-60
167
47
55
8
0.68
6
WDD08-005
192334
8060495
90
-45
167
54
58
4
1.50
3
WDD08-007
192302
8060522
90
-75
164
69
72
3
2.75
3
WDD08-013
192360
8060552
94
-60
168
66
70
4
0.73
3
WDD08-014
192360
8060522
94
-45
168
61
67
6
1.14
4
WDD08-018
192480
8060726
90
-70
151
40
43
3
1.67
3
WDD08-019
192479
8060728
0
-90
151
49
56
7
0.91
7
WDD08-023
192522
8060762
270
-60
149
38
42
4
1.30
3
AND
54
73
19
1.09
16
WDD08-025
192525
8060760
90
-45
149
11
22
11
1.29
8
INCLUDING
11
14
3
3.19
WDD08-027
192498
8060747
90
-70
151
39
44
5
1.10
4
WDD08-028
192498
8060746
90
-45
151
22
28
6
0.58
4

* Intersections calculated using an 0.3g/t Au cut-off and minimum intersection of 3 metres.

Peter Mullens, VP Exploration, views these results as very encouraging for separate gold mineralization at the Westmoreland deposit.  He stated, “Historically, gold assays were undertaken selectively and assumed that gold was associated with high grade uranium and also in steep structures near the dyke. Hence, gold assaying has not been systematic.  The tabled results are not all associated with high grade uranium, in fact in most cases the U3O8 is less than 0.1% and frequently less than 0.02%. 

Gold intersected so far has not been associated with steep structures or with the mafic dyke.  Gold is associated with flat lying sandstone which is weakly to moderately chlorite/hematite alteration.

Mullens further states the gold mineralisation appears to be partly at least spatially separate from high grade uranium mineralization. To date it is not clear what is controlling the gold mineralisation; however the mineralisation could be distal to uranium. This opens up the possibility of a separate substantial gold deposit. Work is continuing on trying to understand the impact of these gold results.

Drilling is continuing with 3 drill rigs, a Longyear LF 70 Drill Rig and a man portable diamond drilling rig are operating on single shifts with helicopter assistance at Redtree. A second LF 70 drill rig operating on two shifts is drilling at the Junnagunna prospect. Junnagunna is a flat lying zone of mineralisation, which is between 5 and 10 meters thick, is located close to surface and is located approximately 5 kms to the north of the Garee lens along the Westmoreland dyke structure.

As of June 18 2008, Laramide had completed a total of 80 diamond drill holes for a total of 6,861 meters at Redtree and 22 drill holes for 2,211 metres at Junnagunna. The first phase of the current drill program is expected to be completed by mid July 2008. Laramide has implemented a quality control program at Westmoreland to ensure best practices. Under the guidelines of the National Instrument 43-101, the Qualified Person for the Westmoreland Uranium Project is Mr. Peter Mullens who is a member of the Australian Institute of Mining and Metallurgy. Mr. Mullens has reviewed and approved the technical content of this release.

For further information contact:
Flora Wood, Investor Relations
Toronto, Canada +1 (416) 599 7363
Peter Mullens, VP Exploration
Brisbane, Australia +61 (7) 3831 3407

Or visit our web site at www.Laramide.com

This press release contains forward-looking statements.  The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information.  Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.