Claude Resources Inc. completes private placement offering



    Toronto Stock Exchange
    Trading symbol - CRJ
    AMEX - CGR

    SASKATOON, Nov. 22 /CNW Telbec/ - Claude Resources Inc. (TSX: CRJ /
AMEX:   CGR) ("Claude" or the "Company") is pleased to announce that it has
completed the non-brokered private placement offering previously announced on
October 30, 2007. The offering consisted of a total of 3,783,784 shares,
issued on a flow-through basis, at a price of Cdn $1.85 per share, for gross
proceeds of Cdn $7,000,000.
    Net proceeds from the offering will be used primarily for expenditures on
the Company's Madsen property in Red Lake, Ontario. These expenditures will be
"Canadian Exploration Expenses" which qualify as "Flow-Through Mining
Expenditures" for the purposes of the Income Tax Act (Canada) and Claude will
renounce such expenses with an effective date no later than December 31, 2007.
    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 press 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.
    %SEDAR: 00000498E          %CIK: 0001173924




For further information:

For further information: Neil McMillan, President and Chief Executive
Officer, (306) 668-7505; Rick Johnson, Chief Financial Officer, (306)
668-7505; Renmark Financial Communications Inc.: Neil Murray-Lyon:
nmurraylyon@renmarkfinancial.com; James Buchanan:
jbuchanan@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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Claude Resources Inc.

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