Claude Resources

Gold production & exploration Seabee Mine, Saskatchewan - Madsen Mine, Red Lake On

over 13 years ago

Infill and Exploration Drilling at the Amisk Gold Project, Flin Flon

Jan. 19, 2011 (PR Newswire) --

'Intercepts include 1.23 g/t Au, 5.9 g/t Ag over 166 metres and
0.86 g/t Au, 6.0 g/t Ag over 116.37 metres'

Trading Symbols
TSX - CRJ
NYSE Amex - CGR

SASKATOON - Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) ("Claude") is pleased to announce step-out and infill drill intercepts from its 2010 exploration program at the 13,900 hectare Amisk Gold Project in northeastern Saskatchewan, Canada. The Amisk Gold Project is located 20 kilometres southwest of Flin Flon, Manitoba and is a 65:35 Joint Venture between Claude and St. Eugene Mining Corporation; Claude is the operator of the Joint Venture.

A total of 10 holes were completed and assayed from the 2010 fall drill program. The program tested from surface to approximately 400 metres depth and was designed to expand the limits of the Amisk Gold system as well as infill gaps within the core of the deposit.

Several drill holes successfully confirmed continuity of gold mineralization in the western and central portions of the deposit (Figure 2 and Table 1). Significant results include: 1.23 g/t Au, 5.9 g/t Ag over 166 metres in hole AL-10-291 (including 3.89 g/t Au and 16.2 g/t Ag over 33 metres) and 0.84 g/t Au, 4.3 g/t Ag over 105 metres in hole AL-10-285. Drilling has confirmed the system to vertical extents in excess of 400 metres, with higher grade sub-intervals of 3.89 g/t Au and 16.2 g/t Ag over 33 metres indicating bulk underground potential beneath a conceptual open pit.

Drilling also expanded the system along strike 200 metres to the north and to the southwest (Figures 2, 3, 4 and Table 1). Intercepts include 0.86 g/t Au, 6.0 g/t Ag over 116.37 metres in hole AL-10-287 and 0.84 g/t Au, 4.4 g/t Ag over 54 metres in AL-10-282. Combined with results from the summer historic core sampling program, 2010 drilling has expanded the mineralized system to a strike length of 500 metres, width of 400 metres and depths of 400 metres.

"These latest drill results continue to demonstrate the bulk mining potential of the system as well as the presence of significant gold and silver mineralization in newly tested extensions. Of particular note are the extensions of the system to the north, southwest and down-dip, which indicate potential for further expansion of the Amisk Gold Deposit," stated Brian Skanderbeg, Vice President Exploration.

Table 1: 2010 fall drill results from the Amisk Gold Project.
Hole	Easting	Northing	Az/Dip	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Target
AL-10- 282	9812	5318	107/-45	344.00	398.00	54.00	0.84	4.4	North Ext
AL-10- 283	9869	5345	180/-45	202.00	217.00	15.00	0.56	1.8	North Ext
AL-10- 284	9820	5403	65/-45	Anomalous				North Ext
AL-10- 285	9923	5285	180/-45	230.00	335.00	105.00	0.84	4.3	Infill
			and	400.00	447.00	47.00	0.66	3.7
AL-10- 286	9641	4901	113/-45	3.60	21.00	17.40	1.09	8.3	SW Ext
			and	96.00	114.50	18.50	0.88	8.3
AL-10- 287	9646	4920	107/-50	6.63	123.00	116.37	0.86	6.0	SW Ext
			incl	6.63	67.39	60.76	1.11	7.0
AL-10- 288	9730	5102	190/-45	16.00	55.90	39.90	0.97	4.9	Infill
AL-10- 289	9852	4804	70/-58	NSI					SE Ext
AL-10- 290	9946	4774	70/-58	230.00	253.00	23.00	0.54	1.7	SE Ext
AL-10- 291	9823	5251	0/-51	232.00	398.00	166.00	1.23	5.9	Infill
			incl	357.00	390.00	33.00	3.89	16.2
Note: Intervals noted are intercepted width not true width, have been calculated using a 0.3 g/tonne cut-off and are uncut. True width is variable between 70 and 100 percent of drilled width. They may include internal dilution. Anomalous indicates an intercept greater than 0.3 g/t over 10 metres. NSI indicates No Significant Intercept.

As outlined in Claude's News Release dated December 16th, 2010 ('Claude Continues to Expand the Amisk Gold Deposit, Saskatchewan'), results from current drilling as well as all historic drilling will be incorporated into a National Instrument 43-101, ('NI 43-101'), compliant Resource and Technical Report. SRK Consulting of Toronto has been engaged to complete the Resource Study and Technical Report. Completion of the resource study is anticipated in the first quarter of 2011.

A 3,500 metre winter exploration drill program is scheduled to initiate in February. The program will focus on evaluating the northern extension as well as testing depth continuity to in excess of 500 metres. Continued 2011 exploration will be based on results from the winter program as well as the NI 43-101 Resource calculation and Technical Report.

In addition to advancing the Amisk Gold Project, Claude continues to focus on expanding the production profile and resource base at the Seabee Operation and plans to initiate Phase II underground drilling at the Madsen Property in Red Lake during the first quarter of 2011. The Madsen program is designed to test depth and strike extensions to high grade mineralization within the 8 Zone Trend.

A plan map of the Amisk Gold Project, detailed map showing historic and current drill collar locations and several representative cross sections through the deposit can be viewed at Claude's website www.clauderesources.com.

Claude Resources holds approximately 10 percent interest in St. Eugene's issued and outstanding common shares as of December 31st, 2010.
Brian Skanderbeg, P.Geo. and M.Sc., Claude's Vice-President Exploration, is the Qualified Person who has reviewed and approved the contents of this news release. Drill core was halved with samples averaging 2.0 metres submitted to ALS Chemex in Vancouver, an ISO approved facility. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were analyzed by a 30 gram gold fire assay with an atomic absorption, conventional gravimetric and/or screen fire techniques.

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 approximately 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.