Announced results from underground drilling program at Seabee and Santoy 8, including intercepts of 46.06 grams per tonne (g/t) of gold (uncut) over 4.30 meters true width and 43.17 g/t of gold (uncut) over 0.70 meters true width.

Reported drill results from 11 holes at its Amisk Gold Project in northeastern Saskatchewan, Canada, highlighted by the intersection of 1.29 grams per tonne (g/t) of gold and 8.0 g/t of silver over 161.86 meters.

Announced an agreement to sell certain oil and natural gas assets to a private Canadian corporation for $6.2 million. Claude had announced on March 19, 2010 its intention to sell these assets as part of a corporate strategy to monetize its non-core assets.

Reported first quarter 2010 financial and operating results, highlighted by gold production of 9,221 ounces at a cash costs of $818 per ounce. The company also reaffirmed its 2010 gold production forecast of 46,000 to 50,000 ounces.

Announced drill results that demonstrated the bulk potential of the Amisk Gold Property, including the intersection of 1.03 grams per tonne (g/t) of gold across 86.70 meters. Claude holds a 65% stake in the Amisk Gold Project through a joint venture with St. Eugene Mining Corporation.

Announced finalization of a 65:35 joint venture agreement with St. Eugene Mining on the Amisk Gold Project - which consists of 12,000 hectares located 20 kilometers southwest of Flin Flon, Manitoba, Canada and hosts the Amisk-Laurel Gold Deposit. Claude is the operator of the JV and has begun a C$1.1 million exploration program for 2010 on the property.

Claude's Santoy 8 Gold Project in north eastern Saskatchewan, Canada has received ministerial approval and an operating permit to transition it from the exploration stage to the gold production stage. Claude called it a "major milestone for the company and its shareholders."

Released drill results from Seabee Project in Saskatchewan, Canada. Several high-grade gold intersections were discovered, with highlights including: 50.00 grams per tonne (g/t) of gold over 1.1 meters true width and 33.17 g/t of gold over 2.0 meters true width.