CLAUDE RESOURCES (CGR)

CLAUDE RESOURCES HIGHLIGHTS

Flagship Seabee Mine in Production Since 1991 – Claude Resources’ flagship project, located in Saskatchewan, Canada is a narrow vein, underground operation that has produced approximately 930,000 ounces of gold since its start-up over 19 years ago.

Growing Production, Cash Flow, and Earnings – The company is focused on delivering significant shareholder value through gold exploration and mining at its suite of gold projects across Canada.

Madsen Target, located in World-Class Red Lake District – This property represents a significant exploration opportunity for Claude Resources, and is located ten kilometers southwest of Goldcorp’s high-grade Red Lake Mines in Ontario. During 2008 and 2009 Claude demonstrated the potential for discovery of high-grade gold deposits and provided and updated NI 43-101 Technical Report on the property.

100% Ownership of Assets, in Politically-Safe Jurisdictions – Claude Resources retains full ownership of each of its assets and is entering a new era in its development with the expansion and mining of satellite deposits at Seabee and the substantial potential of the Madsen Target.

CLAUDE RESOURCES RECENT DEVELOPMENTS

Expands Resources and Grade at Santoy Gap December 3, 2012 Claude Resources announced the release of an updated NI 43-101 gold resource from the Santoy Gap deposit at its 100% owned Seabee Gold Operation in Saskatchewan. The Canadian gold mining company reported that the updated estimate includes Indicated Resources of 281,000 ounces at 8.80 grams per tonne (g/t) of gold and Inferred Resources of 357,000 at 5.92 g/t of gold.

More High-Grade at Santoy Gap November 27, 2012 Claude Resources released a summary of results from its recently completed 2012 drill program at the Santoy Gap, located within the Company’s 100%-owned, 14,400 hectare Seabee Gold Project. The Canadian gold mining company announced that newly released results have extended the mineralized system down-dip to 650 meters depth and along strike to the south toward the Santoy 8 Mine.

Hits High-Grade at Madsen November 20, 2012 Claude Resources provided a summary of 2012 exploration activities at the Company’s 100%-owned Madsen Project in Red Lake, Ontario. The Canadian gold producer reported that 2012 drilling continued to expand the 8 Zone plunge at depth and demonstrated significant depth extension to the Austin and McVeigh Tuff.

CLAUDE RESOURCES SHARE PERFORMANCE

CGR HAS OUTPERFORMED

S&P 500Claude Resources has advanced by a factor of more than eight times that of the broader equity market over the past 52 weeks.

GoldClaude has displayed its leverage to the gold price as it continues to deliver results at its set of Canadian gold assets.

GDXClaude has more than doubled since the fall of 2009, while the broader gold stocks sector has risen by a more modest 35%.

XAUClaude has posted gains far surpassing the precious metals sector as a whole over the past year

CGR VS BENCHMARKS SINCE NOV ’09

Premier continues to outperform benchmarks

CLAUDE RESOURCES IN THE NEWS

LOCATED IN TOP MINING JURISDICTION SASKATCHEWAN, CANADA

KEY UPCOMING CATALYSTS

2012
Ongoing Optimization at Seabee Gold Mine
Claude has stated that it expects steadily increasing gold production and improvement in unit operating costs at Seabee. The Company will also continue exploration and development at Seabee to sustain or increase reserves and resources.

2012
Acquisition of St. Eugene Mining
With the purchase of St. Eugene Mining, Claude will obtain 100% ownership of the Amisk Gold Project in Canada – where the Company intends to conduct a Preliminary Economic Assessment and expects to release an updated National Instrument 43-101 resource estimate in the second quarter of 2012.

2012
Cash Flow and Earnings Leverage to Higher Gold Prices
Claude Resources intends to provide investors with leverage to the price of gold by growing production, cash flow, and net income in the years ahead.