Laramide Reports First Results from 2009 Drilling at Westmoreland; Highlights Include Hole WDD09-128 with 25 Metres Grading 0.07% U3O8, including 9 Metres Grading 0.14% U3O8

Laramide Resources Ltd. (TSX: LAM) is pleased to announce results from the first seven diamond drill holes completed in late 2009 at its flagship project, Westmoreland, located in Northwest Queensland Australia. During November and December 2009, a total of 17 diamond drill holes were completed to launch the drilling program announced November 17 2009. Seventeen drill holes for a total of 1871.2 metres were completed prior to the onset of rainy season conditions in mid-December. To date, results have been received from the first seven drill holes of this program, with assay results for the remaining ten holes expected within the first quarter this year. Drill holes WDD09-128 to WDD09-134 are located in the northern part of the Huarabagoo deposit, as shown below. These holes were drilled to better define the structurally controlled mineralization in this area and for metallurgical test work. Significant drill intercepts are provided below in Table 1. These results indicate that additional mineralized lenses to those previously intersected in this area are present and therefore indicate potential to increase the Huarabagoo resource both within the existing deposit and along strike to the north.

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