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SASKATOON, SASKATCHEWAN--(Marketwire - April 6, 2011) -



NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES





Claude Resources Inc. (TSX:CRJ)(NYSE Amex:CGR) ("Claude" or the "Company") is pleased to announce that it has entered into an agreement with Wellington West Capital Markets Inc., as co-lead underwriter and sole bookrunner, and NCP Northland Capital Partners Inc., as co-lead underwriter, on behalf of a syndicate of underwriters to be formed (collectively the "Underwriters") for the issuance of 20,000,000 common shares (the "Shares") of the Company, on a bought deal basis, at a price of $2.50 per Share for gross proceeds of $50,000,000 (the "Offering").


The Underwriters have also been granted an option in respect of an additional 3,000,000 Shares, to cover over-allotments and for market stabilization purposes. If the over-allotment option is exercised in full, the aggregate gross proceeds raised under the Offering will be $57,500,000.


Claude plans to use the net proceeds of the Offering for the exploration and development of the Company's projects and for general corporate purposes.


The Shares will be offered by way of a short form prospectus in all provinces of Canada and on a private placement basis elsewhere.


The offering is scheduled to close on or about May 4, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange, the NYSE Amex and other applicable securities regulatory authorities.


This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.


Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX:CRJ) and the NYSE Amex (NYSE Amex:CGR). Claude is a gold exploration and mining company with an asset base located entirely in Canada. Since 1991, Claude has produced over 930,000 ounces of gold from its Seabee mining operation in northeastern 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.