Claude Resources

Investors

Background:

Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan; its shares trade on the Toronto Stock Exchange (TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR).  Claude is a gold exploration and mining company whose entire asset base is located in Canada.  Since 1991, Claude has produced approximately 890,000 ounces of gold from its Seabee Operation located in Northern Saskatchewan.  The Company also owns 100 percent of the 10,000 acre Madsen property in the prolific Red Lake gold camp of Northwestern Ontario and has a 65 percent working interest in the Amisk Gold Project in northeastern Saskatchewan.

The Company’s primary mission is to create significant shareholder value through gold exploration and mining.  Its vision is to be highly valued by all stakeholders for its ability to discover, develop and produce gold in a safe, environmentally responsible and profitable manner.

Converting Opportunity into Results:

Combining the Company’s accumulated experience in gold exploration and mining into significant results is the clear focus of the Management Team and of the Board of Directors. 

Moving Madsen forward is a two-pronged approach.  First, the systematic surface drill program, active since late 2006, is designed to build resource ounces at Madsen. The results announced for targets including Fork Zone, Russett South, and the Starratt Olsen Footwall lend credence to the potential of the Madsen property to become, once again, a significant gold producer.  The expansion of “ounces in the ground” from the surface drill program is designed to augment the expected high grade results from the underground drill program.

Second, underground drilling at Madsen is directed at high grade targets.  The dewatering program operated by Claude Resources at Madsen has enabled the Company to direct its attention to previously discovered high grade targets such as the 8 Zone. With much of the high grade success in the Red Lake mining area occurring below the 4,000 foot depth level, Claude Resources will continue to devote significant investment to its drill program at depth.

The Company's plan at the Seabee Operation includes mining at depth within the Seabee Mine - - and seeking approval and permitting to bring the Santoy 8 project into commercial production. Claude believes that the Santoy 8 deposits represent a significant opportunity to expand the Seabee mining operation

Claude Resources Discovers, Develops and Delivers:

Claude Resources Inc. has an industry experienced Board of Directors and a highly qualified Management Team.  Recent exploration results have increased the scale of the Seabee mining operation and the upside potential of the Madsen project.  Focusing management efforts on Seabee and Madsen, the Company’s two primary assets, and maintaining the highly developed infrastructure at Madsen to ensure it is ready for production have created outstanding upside potential.