Laramide Resources Ltd.

Laramide Resources Ltd.

September 15, 2005 12:15 ET

Laramide Appoints Advisory Board

TORONTO, ONTARIO--(CCNMatthews - Sept. 15, 2005) - Laramide Resources Ltd. (TSX VENTURE:LAM) is pleased to announce the appointments of Mr. Michael Connor and Mr. John Cook to an advisory board to the Company. Mr. Connor's primary role will be to guide the Company in its marketing and strategic considerations. Mr. Cook will act as manager for the Company's operations in the United States. As previously announced, Laramide has entered into an agreement with Homestake Mining Company of California and La Jara Mesa Mining Company (collectively "Homestake"), both being wholly-owned subsidiaries of Barrick Gold Corporation, to acquire Homestake's uranium portfolio in the western United States.

Michael Connor is President of Nuclear Resources International, Inc. (NRI). He has degrees of Bachelor of Science, Pre-Professional, in Nuclear Physics/ Nuclear Engineering from the University of Notre Dame and Master of Business Administration from the University of Pittsburgh. With 39 years of direct experience, Mr. Connor is one of the nuclear industry's experts in nuclear fuels markets. His first position was at Westinghouse in 1966 as a buyer for uranium, conversion and enrichment services. By 1972, Mr. Connor had contracted directly, or consulted to utilities on contracting for, 54% of all enrichment services sold by the former U.S.A.E.C. up to that time. For the past 28 years, he has been President of Nuclear Resources International, Inc., a firm that has consulted to over 85 clients in 13 countries on 5 continents.

John Cook is a Professional Mining Engineer (P.Eng) with more than 40 years of professional experience in all facets of mining development, operations and management. He has held senior management positions with major mining companies, including Vice President - Engineering, LAC Minerals and Vice President - Mining, Goldcorp, Senior Mining and Managing Consultant of RTZ Consultants Ltd., and Associate and Canadian Principal of Golder Associates. Currently, he serves as Director or Officer of Tormin Resources, Wolfden Resources Inc., Anaconda Gold Corporation and Castlerock Resources, Director with GLR Resources Inc.

In other news, the board of Laramide Resources has approved the grant of 1.5 million stock options at a price $2.80 per share to Directors, Officers and consultants of the Laramide, in accordance with the Company's stock option plan.

This press release contains forward looking statements.

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

Contact Information

  • Laramide Resources Ltd.
    Marc C. Henderson
    (416) 599-7363