Claude Resources Inc. Announces Non-Brokered Debenture Offering



    /THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
    DISSEMINATION IN THE UNITED STATES/

    Toronto Stock Exchange
    Trading symbol - CRJ
    AMEX - CGR

    SASKATOON, March 13 /CNW/ - Claude Resources today announced that it
plans to proceed with a non-brokered debenture offering of up to $20 Million
(Cdn.).
    Proceeds will be used to facilitate the ongoing expansion of gold
production at the Company's Seabee mine, dewatering of the mine shaft and
exploration at the Company's Madsen project at Red Lake, and general corporate
purposes.
    The debenture offering, which is subject to regulatory approval, will
feature a five year term that is subject to early redemption provisions. It
will pay an annual interest rate of 12.0% with interest to be paid monthly and
the principal to be paid upon maturity. Minimum debenture purchase will be
$100,000 per purchaser. Upon issuance and subject to regulatory approval, the
Company will use its best efforts to list the debenture notes for trading on
the Toronto Stock Exchange for the term of the debenture.
    Subject to regulatory approval, debenture holders will be entitled to
warrants in the amount of 10% of the debenture purchase (100 warrants per
$1,000 of debentures). Each warrant will entitle the holder to acquire one
common share of Claude Resources Inc. at the exercise price of $2.00 for a
period of five years from the date of the closing. Also, subject to regulatory
approval, the Company will use its best efforts to list the warrants on the
Toronto Stock Exchange for the term of the warrant.
    Finders' fees of up to 5% of the gross proceeds of the offering are
payable in cash or shares at, and conditional on, the closing of the offering
which is expected to be on or about April 15, 2008.
    The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This media release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale would be
unlawful.

    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 with an asset base located entirely in Canada. Since 1991,
Claude has produced approximately 800,000 ounces of gold from its Seabee mine.
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 prospective 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: Neil McMillan, President & CEO, Claude
Resources Inc., Phone: (306) 668-7505 or Dwight Percy, Communications and
Corporate Development Manager, Claude Resources Inc., Phone: (306) 668-7501,
Email: clauderesources@clauderesources.com, Website: www.clauderesources.com

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