Claude Resources Intercepts 1.81 oz/t over 4 Feet in the 8 Zone at Madsen Deep



    
    "Extends 8 Zone Mineralization 450 Feet Down Plunge"

    TSX - CRJ
    NYSE Amex - CGR
    

    SASKATOON, June 29 /CNW/ - Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR)
today reported new drill results from its 8 Zone underground drill program at
the Madsen Project, Red Lake, Ontario. Drilling continues to demonstrate down
plunge continuity of the 8 Zone as well as confirming the high grade nature of
the system, with all five holes completed to date having intercepted
significant amounts of visible gold.

    
    Hole ID        From        Au       Length      Au      Length      VG
                    (m)     (oz/ton)     (ft)      (g/t)      (m)      Noted
    -------------------------------------------------------------------------
    MUG-09-05(*)  943.51      0.71       11.45     24.30     3.39        X
     (incl)                   1.81       4.00      62.09     1.22        X
    -------------------------------------------------------------------------
    MUG-08-01     883.00      3.71       2.46     127.12     0.75        X
    -------------------------------------------------------------------------
    MUG-09-02b    891.25      0.63       1.48      21.52     0.45        X
    -------------------------------------------------------------------------
    MUG-09-03     915.40      0.97       8.17      33.39     2.49        X
     (incl)                   1.70       4.10      58.18     1.25        X
    -------------------------------------------------------------------------
    MUG-09-04     909.55      0.75       25.92     25.77     7.90        X
     (incl)                   4.14       3.12     141.80     0.95        X
    -------------------------------------------------------------------------
    (*) New assay results. Note that hole MUG-09-05 was lost while within 8
        Zone mineralization.
    

    Claude launched Phase 1 of the underground program, from the 10th level
in December 2008, targeting the 8 Zone system. The program is designed to test
the plunge and strike extensions of the 8 Zone as well as conceptual targets
along the 8 Zone shear system. The assays reported today confirm the high
grade mineralization 450 feet down plunge of historic mine infrastructure. The
system remains open down-plunge and along strike.
    "Drilling to date has been slower than anticipated due to the necessity
of wedging and directional drilling as well as challenging drilling
conditions. That being said, we are extremely pleased with these results, they
demonstrate the tenor of the system and potential of the Madsen Property as a
whole," stated Brian Skanderbeg, Vice-President Exploration, Claude Resources
Inc.
    The Company added a surface drill rig with 6,000 foot depth capacity. The
first priority of the surface program is to focus on testing the up-plunge and
western strike extension of the 8 Zone. Drilling was initiated in early-June
and is progressing well.
    The Company is preparing a NI 43-101 technical report on the Madsen
project. The report is schedule to be completed by the fourth quarter of this
year. The Madsen project has a historic non-compliant, NI43-101 resource of
483,000 ounces with a grade of 0.29 oz/t.
    The 10,000 acre, Madsen project is 100% owned by Claude Resources Inc and
encompasses four past-producing mines. This advanced exploration property
contains extensive infrastructure including a 500 tonne per day mill with
expansion capacity, a permitted tailings management facility and a five
compartment 4,000 foot operating shaft. Total recorded historic production for
the Madsen Mine is 2.4 million ounces at an average recovered grade of 0.283
oz/ton.
    A Madsen property location map, schematic cross section, 8 Zone
longitudinal section showing current and historic drilling as well as core
photographs are available on Claude's website 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 meters 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 interpreted to vary between 70%
to 85% of true widths. Composites were calculated using a 3 g/tonne 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 NYSE Amex (NYSE Amex-CGR). Claude is a gold exploration and mining
company. The Company also owns producing oil and natural gas assets. The
Company's entire asset base is located in Canada. Since 1991, Claude has
produced approximately 840,000 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 Press Release may contain statements which constitute
`forward-looking', including statements regarding the plans, intentions,
beliefs and current expectations of the Company, its directors, or its
officers with respect to the future business activities and operating
performance of the Company. The words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and similar
expressions, as they relate to the Company, or its management, are intended to
identify such forward-looking statements. Investors are cautioned that any
such forward-looking statements are not guarantees of future business
activities or performance and involve risks and uncertainties, and that the
Company's future business activities may differ materially from those in the
forward-looking statements as a result of various factors. Such risks,
uncertainties and factors are described in the periodic filings with the
Canadian securities regulatory authorities, including the Company's Annual
Information Form and quarterly and annual Management's Discussion & Analysis,
which may be viewed on SEDAR at www.sedar.com. Should one or more of these
risks or uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, believed,
estimated or expected. Although the Company has attempted to identify
important risks, uncertainties and factors which could cause actual results to
differ materially, there may be others that cause results not be as
anticipated, estimated or intended. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements.

    %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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