Claude Resources Inc. is a gold mining and oil and gas company based in Saskatoon, Saskatchewan, Canada. The Company has 72.5 million shares outstanding (78.8 million fully diluted) and is listed on the Toronto and American Stock Exchanges.

The Company has a strong balance sheet, experienced management and an attractive mix of long-term revenue generating assets. These critical strengths provide a solid base for future corporate expansion.

Claude's principal asset is the Seabee gold mine, accessed by air 125 kilometres northeast of La Ronge, Saskatchewan. This 100% owned and operated mine went into production in 1991 and has produced in excess of 706,000 ounces of gold. The mine is a high-grade, narrow vein underground operation which, at February 1st, 2006, had approximately 684,000 tonnes of reserves and an additional 1.5 million tonnes of resources with significant upside potential.

Claude controls a large land package surrounding the Seabee mine. Two recent discoveries, the Porky Lake zone and Santoy property have both been advanced to the bulk sample stage. Permission to extract a bulk sample from both sites was received in 2005. Physical work has begun at the Porky site with the collaring of the portal and a decline advanced 125 metres underground. Approximately 880 metres of decline is planned. Bulk sampling at Santoy Zone 7 will begin in the first quarter of 2006.

Mill expansion at the Seabee mine, from 550 tonnes per day to 1,100 tonnes per day, is largely complete. The expanded mill will accommodate processing of ore expected from satellite deposits within trucking distance.

In 1998, Claude acquired Madsen Gold Corp., located in the prolific Red Lake gold camp in northwestern Ontario. This 10,000 acre (4,000 hectare) property produced 2.6 million ounces of gold before being closed in 1976.

In December 2000, Claude entered into an option agreement with Placer Dome, whereby Placer can earn a 55% interest in the Madsen project by spending CDN $8.2 million and delivering a positive feasibility study by the end of 2006. Placer Dome believes that the target model at the Madsen project is identical in nature to the multi-ounce per tonne structures at the nearby Campbell mine (Placer Dome) and Red Lake mine (Goldcorp). Placer Dome has met the expenditure requirements, spending $8.6 million to date.

In addition to the Company's mining properties, Claude owns interests in several large oil and natural gas properties, most of which are located in the province of Alberta. These properties typically generate $9 million in gross revenues annually.

Head Office:
Claude Resources Inc.
200, 224 - 4th Avenue S.
Saskatoon, Saskatchewan, Canada S7K 5M5

For more information, please visit Claude's website at www.clauderesources.com.