New Mexico Drill Program On The Crownpoint Uranium Project

TORONTO - Laramide Resources Ltd. reported commencement of a diamond drill program at its NRC licensed Crownpoint Uranium Project, near Gallup, New Mexico. The work programs are being managed and executed by NuFuels, Inc., a subsidiary of Laramide Resources Ltd. Crownpoint consists of two discrete ISR-amenable deposits Crownpoint and Churchrock covered by a single NRC license (sua-1580).

Marc Henderson, President and CEO, said, "Throughout the prolonged downturn of the uranium market, we maintained and enhanced our asset base as well as our core technical capability and that strategy has paid off, allowing us to now re-start our development plans at several of the company's US Assets. The retention of key professional and technical staff along with our new General Manager for US Operations ensures that our team now possess the diverse skills to launch our return to active development status."