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2009 Press Releases

Laramide Reports on La Jara Mesa Permitting

USDA Forest Service Commences Environmental Impact Statement and Public Comment Process

Laramide Resources Ltd. (TSX: LAM) is pleased to announce the publication of a Notice of Intent in the U.S. Federal Register announcing upcoming scoping meeting open houses (two of them) to discuss Laramide’s planned La Jara Mesa Mine Project (“La Jara Mesa”).  La Jara Mesa is located in Cibola County, New Mexico in the Ambrosia Lake Mining District of the Grants Mineral Belt.  The mineral resource estimated for La Jara Mesa (2007, Douglas Peters, Independent Consultant) estimates measured and indicated mineral resources of 7,257,817 pounds uranium (U3O8) that are contained in 1,555,899 tons at an average grade of 0.23% and an additional inferred resource of 3,172,653 pounds of uranium (U3O8) contained in 793,161 tons at an average grade of 0.20% U3O8. Laramide plans to develop it as a small underground mine.  The project resides on public land administered by the USDA Forest Service (“Forest Service”), who will convene the scoping meetings.  Golder Associates (Golder) has been hired as an independent Third-Party Contractor to prepare the required Environmental Impact Statement (“EIS”).  Golder will also be collecting environmental baseline data which is intended to comply with Section 6 of the Mining Act Rules of New Mexico.

The EIS process timeline, as reported by Forest Service, is as follows:


Event

Timeline

Comment

Public and Agency Scoping

Underway

May/ June 2009 
Starts with two meetings open houses in Grants, NM and Gallup, NM. These meeting will allow for public comment and questions.

Data Collection / Field Studies

Underway

Spring / Summer 2009
Golder will conduct studies to evaluate air, water, vegetation, wildlife, cultural, noise and other environmental disciplines to determine what exists at site and assess potential impacts.

Draft EIS

Fall 2009

When the draft is issued, it will be made available to the public for their review and comment. 

Final EIS

Spring/Summer 2010

 

Forest Service Decision

Summer 2010

 

Implementation

2010

Construction

Laramide will report on the development of the EIS and issues raised during the public scoping period, as these factors will influence the planned construction and operation of the mine. 

About Laramide:
Laramide is engaged in the exploration and development of high quality uranium assets.  Its wholly owned uranium assets are in Australia and the United States.  Laramide's portfolio of advanced uranium projects have been chosen for their production potential.  Its flagship project, Westmoreland, in Queensland, Australia, is one of the largest projects currently held by a junior mining company.  Its U.S. assets include La Jara Mesa in Grants, New Mexico and La Sal in the Lisbon Valley district of Utah.  Its portfolio also includes joint venture, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional geographic diversification and uranium exposure for shareholders.

For further information contact:                                 
Flora Wood, Investor Relations                             
Toronto, Canada   +1 (416) 599 7363                                                                                          
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.