Energy

Laramide Resources Ltd. Announces the Engagement of SLR International Corporation to Produce a Preliminary Economic Assessment on the Crownpoint/Churchrock Uranium Project

Laramide Resources Ltd. (" Laramide " or the " Company ") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that its wholly owned subsidiary, NuFuels, Inc. has engaged SLR International Corporation ("SLR") of Denver, Colorado to complete an NI 43-101 Preliminary Economic Assessment ("PEA") on Laramide's 100% owned Crownpoint Churchrock Uranium Project in New Mexico ("Churchrock" or "The Project").

Laramide has commissioned the PEA Study to produce a current economic analysis based on the Mineral Resources at Churchrock with processing at the Crownpoint facilities. Parameters of the study include contribution from seven new drill hole results to confirm and validate previously reported drilling results and radiometric equilibrium used in the September 2017 Mineral Resource estimate. The PEA will focus on generating an in-situ recovery ("ISR") production schedule with several phases of expansion and a scoping level design for an ISR well field, eventual plant and supporting structure, as well as a preliminary economic evaluation for the Project.

"Churchrock and Crownpoint are large mineral assets which Laramide strategically acquired in 2017 while uranium prices were depressed, and in light of rapidly improving sector fundamentals Laramide is now moving deliberately to position the asset for future production. This PEA, which will be the first economic study prepared to NI 43-101 and JORC standards, will provide the market with a broad overview of the scale, quality, and longevity of an ISR asset that we believe has the potential to become a meaningful contributor to future US domestic security of supply. This is an issue of increasing importance in US energy policy considerations and one which appears to have bipartisan domestic support as witnessed by the recent passage of the IRA (Inflation Reduction Act) in which nuclear power featured quite prominently," says Marc Henderson , President and CEO of Laramide Resources Ltd.

"We are pleased to announce the appointment of SLR (formerly Roscoe Postle Associates, "RPA") for this assignment. SLR brings a unique depth of knowledge and experience on uranium mining which is a relatively niche mining sector. The SLR team has direct experience with more than ninety uranium projects around the world including all major assets in the U.S., Canada , Kazakhstan , Mongolia and Africa ," says David Thomas , General Manager U.S. Operations, NuFuels, Inc., Laramide's fully owned U.S. subsidiary.

Background on Crownpoint /Churchrock Uranium Project:

The Crownpoint /Churchrock Uranium Project consists of 3,458 acres within the historic Grants Mining District in McKinley County, New Mexico . The Project is a compilation of significant historical work completed by major mining and energy companies.

The United States Nuclear Regulatory Commission (NRC) has granted a license for production of uranium from sections of Churchrock.

In 2017, SLR as Roscoe Postle Associates Inc. ("RPA") produced a Technical Report on the Churchrock properties from drill hole data available as of September 2017 . Data from previous operators was consolidated and digitized resulting in a database of 1,667 drill holes totaling approximately 1,841,545 feet of drilling. Using a 0.5 ft-% eU 3 O 8 Grade Thickness (GT) cut-off, the Inferred Mineral Resource totals 33.9 Mst at an average grade of 0.08% eU 3 O 8 for a contained metal of 50.8 Mlb U 3 O 8 .

The current Mineral Resource is classified as Inferred based on the historic nature of the drilling data and drill hole density along mineralized trends contained within the sandstone units of the Brushy Basing and Westwater Canyon Members of the Morrison Formation.

A discharge permit for the underground injection and control associated with the Project will be required by New Mexico Water Quality Control Commission rules. To complete the New Mexico Environmental Department Groundwater Discharge Plan requirements, the Company must demonstrate in a laboratory environment the ability, post leaching, to restore groundwater in the mining aquifer to an acceptable level.  To complete this leach study, fresh core is required from the Project.

About Laramide Resources Ltd.:

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 . Each of Laramide's portfolio of five advanced uranium projects have been chosen for their production potential. Laramide's Westmoreland project, in Queensland, Australia , is one of the largest projects currently held by a junior mining company. Its U.S. assets include Crownpoint /Churchrock which covers two project areas including, a large ISR project and a former uranium mining operation; the La Jara Mesa in the historic Grants, New Mexico mining district; and La Sal , a fully permitted, underground project in Lisbon Valley, Utah .

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.

The technical information contained in this news release has been reviewed and approved by Mark B. Mathisen , C.P.G., Principal Geologist, SLR Consulting International Corp. who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects.

SOURCE Laramide Resources Ltd.

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LAM:CA,LMRXF

NexGen Announces Appointment of Ivan Mullany to its Board of Directors

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the appointment of Ivan Mullany to the Company's Board of Directors.

NexGen Energy Ltd. Logo (CNW Group/NexGen Energy Ltd.)

Leigh Curyer, Chief Executive Officer, commented: "On behalf NexGen Energy's Executive and Board of Directors, we are very pleased to welcome Mr. Ivan Mullany .  Mr. Mullany has extensive knowledge and experience in the successful execution of global mining project construction and operational excellence.  Mr. Mullany is joining an experienced team dedicated to the responsible development of the Rook I Project that will create significant generational benefits to Saskatchewan and Canada , while playing a leading role globally in the delivery of clean energy fuel. Mr Mullany's skills and experience are an excellent complement to the Board and timely, as Rook I advances into Detailed Engineering in 2023.

Ivan Mullany

Mr. Mullany, BSc, Majoring in Extractive Metallurgy, CIMM, FAusIMM, has over 35 years in mining project management with broad international experiences.  Most recently, with Newmont Corporation and its predecessor Goldcorp Inc. on the Senior Leadership Team, he led numerous major projects, collectively in excess of $18 Billion , during the engineering study, construction and execution stages.

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future.  The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance.  The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.  NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally.  The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada , and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power.  The Company is headquartered in Vancouver, British Columbia , with its primary operations office in Saskatoon, Saskatchewan .

Contact Information

Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
lcuryer@nexgenenergy.ca
www.nexgenenergy.ca

Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
tmcpherson@nexgenenergy.ca
http://www.nexgenenergy.ca

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated February 25, 2022 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/nexgen-announces-appointment-of-ivan-mullany-to-its-board-of-directors-301734183.html

SOURCE NexGen Energy Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/31/c3967.html

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