March 28, 2007
Claude Resources Inc. Reports Additional Drill Results at Santoy 7
Claude Resources Inc. (“Claude”) is pleased to report drill results from its Santoy 7 “satellite” deposit near the Seabee gold mine in Saskatchewan, Canada. The Santoy 7 project is the most advanced of Claude’s several satellite projects. This project, accessible by a permanent road which was completed in 2006, is approximately 11 kilometres east of the mill. These results significantly increase Management’s confidence in the grade, continuity and potential size of the Santoy 7 resource.

In January 2007, Claude mobilized a surface drill to add in-fill holes and to test for mineralized extensions. A total of 39 holes have been drilled. All drill results are presented in the table attached to this release. Significant results are tabulated below:

Hole
Dip
From
(m)
To
(m)
Interval
(m)
Est. True Width (m)
Cut Grade
(to 48.23 g/t )
aaa aaa aaa aaa aaa aaa aaa
07-301
-45.9
Pending Assays
07-302
-81.7
76.00
77.00
1.00
0.9
48.23
07-303
-55.0
104.62
105.64
1.02
1.0
8.07
07-304
-63.0
Pending Assays
07-305
-85.0
Pending Assays
07-306
-55.0
43.57
49.83
6.26
6.2
5.86
43.57
44.56
0.99
0.9
9.83
07-307
-80.0
49.00
52.00
3.00
3.0
10.39
54.00
55.00
1.00
1.0
15.53
61.00
62.00
1.00
1.0
9.47
07-308
-55.0
70.00
71.00
1.00
0.9
7.00
76.00
77.00
1.00
0.9
44.77
07-311
-52.8
66.00
67.00
1.00
1.0
9.63
07-312
-56.0
71.00
72.00
1.00
0.9
14.50
07-313
-67.0
38.50
41.00
2.50
2.3
23.62
46.00
49.00
3.00
2.8
5.60
07-314
-67.8
76.78
78.64
1.86
1.8
13.74
83.58
85.55
1.97
1.9
6.01
07-318
-81.3
53.00
55.00
2.00
1.3
8.44
07-319
-43.8
67.00
69.00
2.00
2.0
9.80
07-320
-80.0
62.00
63.00
1.00
1.0
9.83
07-323
-81.0
39.00
45.00
6.00
5.8
8.09
39.00
41.00
2.00
1.9
20.28
49.00
52.00
3.00
2.9
23.88
07-326
-84.4
Pending Assays
07-327
-45.4
Pending Assays
07-330
-73.0
54.00
55.00
1.00
1.0
48.23
07-332
-70.0
65.00
67.00
2.00
2.0
37.18
71.52
72.28
0.76
0.7
38.93
77.86
78.78
0.92
0.9
6.63
07-335
-66.0
64.00
67.00
3.00
3.0
27.81
65.00
66.00
1.00
1.0
48.23
66.00
67.00
1.00
1.0
31.20
07-336
-84.0
70.00
72.00
2.00
2.0
9.77
70.00
71.00
1.00
1.0
17.13

Claude previously reported a National Instrument 43-101 (“NI 43-101”) compliant resource calculation in the March 1, 2006 press release “Claude Resources Plans Major Drill Program in 2006”, which is available on the Company’s website at www.clauderesources.com. The Company is in the process of updating the NI 43-101 resource calculation for Santoy 7.

A 15,000 tonne bulk sample from the 40 metre level of Santoy 7 is currently underway. Results are expected early in the second quarter. Permits to extract an additional 20,000 tonnes from the 65 metre level of Santoy 7 has been applied for. Pending positive results of these bulk sampling programs, the Company expects Santoy 7 ore to provide additional feedstock to the Seabee mill.

Claude has an exploration budget for the Seabee area of up to $7.0 million for 2007.

Samples were assayed by Claude’s assay lab at the Seabee mine site (not accredited). Check assays are conducted at site as well as at TSL Laboratories in Saskatoon and results are consistent with those reported. The exploration programs are under the direction of Qualified Person Judy Stoeterau, P.Geo, Vice President Exploration of Claude.

Claude Resources Inc.’s focus is gold exploration and mining. In addition to the Seabee gold mine the Company owns the Madsen exploration project in Red Lake, Ontario, Canada, a 10,000 acre property with a mill, shaft and permitted tailings facilities. The Company also owns oil and gas assets which produce approximately 460 barrels of oil equivalent per day.

The Company has 77.0 million common shares outstanding (82.4 million fully diluted) and is listed on the Toronto and American Stock Exchanges (TSX – CRJ; AMEX – CGR).

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release contains certain forward-looking statements relating but not limited to the Company’s expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information may include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects and timing of commencement of operations, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of mined ore varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.

Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Shareholders are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Claude Resources undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

For further information, please contact:
Neil McMillan
President & Chief Executive Officer
(306) 668-7505

Hole
E
Collar
N
Z
Azimuth
Dip
From
(m)
To
(m)
Interval
(m)
Est. True
Width (m)
Grade
(g/t)
Cut
Grade
(to 48.23
g/t))
aaa aaa aaa aaa aaa aaa aaa aaa aaa aaa aaa aaa
07-300
598105.0
6171413.0
448.0
250.5
-58.0
74.00
85.00
11.00
11.0
1.77
1.77
75.00
76.00
1.00
1.0
6.57
6.57
76.00
77.00
1.00
1.0
2.10
2.10
79.00
81.00
2.00
2.0
2.52
2.52
84.00
85.00
1.00
1.0
3.67
3.67
07-301
598053.5
6171415.8
445.1
245.6
-45.9
Pending Assays
07-302
598093.4
6171379.3
447.0
253.1
-81.7
65.00
78.00
13.00
11.0
7.17
4.11
76.00
77.00
1.00
0.9
88.00
48.23
07-303
598152.0
6171386.5
448.2
250.3
-55.0
104.62
105.64
1.02
1.0
8.07
8.07
07-304
598128.5
6171350.5
446.5
252.5
-63.0
Pending Assays
07-305
598128.5
6171350.5
448.0
252.5
-85.0
Pending Assays
07-306
598063.0
6171297.0
441.7
250.0
-55.0
43.57
49.83
6.26
6.2
5.86
5.86
43.57
44.56
0.99
0.9
9.83
9.83
49.15
49.83
0.68
0.6
4.10
4.10
07-307
598063.0
6171297.0
441.7
250.0
-80.0
47.00
62.00
15.00
15.0
4.71
4.71
49.00
52.00
3.00
3.0
10.39
10.39
52.00
54.00
2.00
2.0
2.44
2.44
54.00
55.00
1.00
1.0
15.53
15.53
57.00
59.00
2.00
2.0
4.09
4.09
61.00
62.00
1.00
1.0
9.47
9.47
07-308
598125.0
6171320.0
445.6
250.0
-55.0
68.00
79.00
11.00
10.3
4.92
4.92
68.00
69.00
1.00
0.9
4.20
4.20
70.00
71.00
1.00
0.9
7.00
7.00
76.00
77.00
1.00
0.9
44.77
44.77
07-309
598125.0
6171320.0
445.6
250.0
-70.0
69.77
74.70
4.93
4.9
0.27
0.27
82.40
87.00
4.60
4.6
0.04
0.04
07-310
598125.0
6171320.0
445.6
250.0
-85.0
39.00
43.00
4.00
2.8
0.03
0.03
97.00
99.00
2.00
1.7
7.70
7.70
07-311
598100.2
6171285.8
444.0
250.0
-52.8
65.00
71.00
6.00
6.0
2.46
2.46
66.00
67.00
1.00
1.0
9.63
9.63
70.00
71.00
1.00
1.0
2.97
2.97
78.00
80.00
2.00
2.0
4.99
4.99
84.00
87.00
3.00
3.0
4.16
4.16
07-312
598125.7
6171294.8
445.9
246.3
-56.0
71.00
72.00
1.00
0.9
14.50
14.50
83.00
85.00
2.00
1.8
3.57
3.57
90.00
91.00
1.00
0.9
3.57
3.57
07-313
598057.9
6171242.2
445.3
244.3
-67.0
38.50
41.00
2.50
2.3
289.19
23.62
46.00
49.00
3.00
2.8
5.60
5.60
07-314
598110.1
6171262.6
446.6
244.4
-67.8
76.78
78.64
1.86
1.8
13.74
13.74
83.58
85.55
1.97
1.9
6.01
6.01
07-315
598110.1
6171262.6
446.6
250.0
-85.0
57.00
61.00
4.00
3.7
4.37
4.37
07-316
598133.6
6171273.4
448.2
250.0
-88.8
No significant values
07-317
598107.3
6171241.4
446.6
255.5
-60.5
No significant values
07-318
598107.8
6171241.5
446.4
250.0
-81.3
53.00
55.00
2.00
1.3
8.44
8.44
07-319
598092.9
6171199.1
449.3
245.2
-43.8
67.00
69.00
2.00
2.0
9.80
9.80
73.00
74.00
1.00
1.0
4.33
4.33
07-320
598094.8
6171199.9
446.9
241.1
-80.0
59.00
63.00
4.00
4.0
3.44
3.44
62.00
63.00