Claude Resources Continues to Intercept Near Surface Gold Mineralization at Starratt Olsen, Madsen Property



    
    Toronto Stock Exchange
    Trading symbol - CRJ
    AMEX - CGR
    

    SASKATOON, Feb. 10 /CNW/ - Claude Resources Inc. (TSX-CRJ; AMEX-CGR)
today reported on its 2008 gold exploration results from the Starratt Olsen
target area of the Madsen property located at Red Lake, Ontario. The
highlights of assay results include:

    
                              Length              Length
    Hole ID        From (m)    (m)     Au (g/t)    (ft)   Au (oz/t) VG Noted
    ST-08-25        312.91      0.99     14.90      3.25      0.43      X
    ST-08-28         85.00      1.00     21.07      3.28      0.61
    ST-08-29         90.90      0.95     13.86      3.12      0.40
    ST-08-29        336.00      1.00     21.25      3.28      0.62      X
    

    These results at Starratt Olsen Footwall continue to outline significant
zones of gold mineralization and augment prior drilling results in which
Claude Resources intercepted 185.62 g/t over 0.41 metres and 26.85 g/t over
0.58 metres (see Media Release dated April 8, 2008).
    "The shear system shows strong similarities to the high grade 8 Zone
system currently being explored by Claude's 22,000 metre, underground program
at the Madsen mine. These results highlight the exploration potential of
mafic-ultramafic trend and support our belief in the prospectivity of the
Madsen and Starratt Olsen footwall environments," stated Brian Skanderbeg,
Claude's Vice-President Exploration.
    The Starratt Olsen mine, located approximately three kilometres south of
the Madsen mine and mill complex, operated from 1948 through 1956 and produced
approximately 164,000 ounces of gold at 0.18 oz/ton. The mineralized
structures hosting the intercepts are between 100 and 250 metres in the
footwall of the Starratt Olsen historic infrastructure. These highlights are
part of a 13 hole program that was designed to follow-up on the initial April
2008 discovery.
    A longitudinal section of the Starratt Olsen Footwall target, location
map of the Madsen exploration property and the full Starratt Olsen exploration
results are available on the Claude Resources website at
www.clauderesources.com.

    Brian Skanderbeg, P.Geo. and M.Sc., Claude's Vice-President Exploration,
is the Qualified Person who has reviewed and approved this news release. Drill
core was halved and samples averaging 1.0 to 1.5 metres were submitted to
Accurassay Laboratories in Thunder Bay, Ontario, an ISO approved facility.
Rigorous quality assurance and quality control procedures have been
implemented including the use of blanks, standards and duplicates (1 in 20
samples). Core samples were analyzed by a 30 gram gold fire assay with an
atomic absorption, conventional gravimetric and/or screen fire techniques.
Intercepts are reported as drilled widths and range from 65% to 90% of true
widths. Composite intervals were calculated using a 3.00 g/t cut-off and may
include internal dilution.

    Claude Resources Inc. is a public company based in Saskatoon,
Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX-CRJ) and
the American Stock Exchange (AMEX-CGR). Claude is a gold exploration and
mining company. The Company's entire asset base is located in Canada. Since
1991, Claude has produced approximately 835,000 ounces of gold from its Seabee
mining operation in northeastern Saskatchewan. The Company also owns 100% of
the 10,000 acre Madsen property in the prolific Red Lake gold camp of
northwestern Ontario.

    CAUTION REGARDING FORWARD-LOOKING INFORMATION

    This news release contains certain forward-looking statements relating
but not limited to the Company's expectations, intentions, plans and beliefs.
Forward-looking information can often be identified by forward-looking words
such as "anticipate", "believe", "expect", "goal", "plan", "intent",
"estimate", "may" and "will" or similar words suggesting future outcomes or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. Forward-looking information may
include reserve and resource estimates, estimates of future production, unit
costs, costs of capital projects and timing of commencement of operations, and
is based on current expectations that involve a number of business risks and
uncertainties. Factors that could cause actual results to differ materially
from any forward-looking statement include, but are not limited to, failure to
establish estimated resources and reserves, the grade and recovery of mined
ore varying from estimates, capital and operating costs varying significantly
from estimates, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of
projects and other factors. Forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from expected results.
    Potential shareholders and prosp5ective investors should be aware that
these statements are subject to known and unknown risks, uncertainties and
other factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. Shareholders are cautioned not to
place undue reliance on forward-looking information. By its nature,
forward-looking information involves numerous assumptions, inherent risks and
uncertainties, both general and specific, that contribute to the possibility
that the predictions, forecasts, projections and various future events will
not occur. Claude Resources undertakes no obligation to update publicly or
otherwise revise any forward-looking information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.

    %SEDAR: 00000498E          %CIK: 0001173924




For further information:

For further information: Brian Skanderbeg, Vice President Exploration,
Claude Resources Inc., Phone: (306) 668-7505 or Neil McMillan, President &
CEO, Claude Resources Inc., Phone: (306) 668-7505, Email:
clauderesources@clauderesources.com, Website: www.clauderesources.com

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