Claude Resources Inc. completes $20,000,000 bought deal

    Toronto Stock Exchange
    Trading symbol - CRJ
    AMEX - CGR

    SASKATOON, April 24 /CNW Telbec/ - Claude Resources Inc. ("Claude" or the
"Company") (TSX: CRJ, AMEX:   CGR) is pleased to announce today that it has
completed the offering, on a bought deal basis, to a syndicate of underwriters
co-led by National Bank Financial Inc. and RBC Dominion Securities Inc. (the
"Underwriters") previously announced on March 29, 2007. The offering consisted
of a total of 12,500,000 common shares at a price of Cdn $1.60 per share, for
gross proceeds of Cdn $20,000,000. In addition, the Underwriters have
exercised the over-allotment option to purchase an additional 1,875,000 common
shares at a price of Cdn $1.60 per share for additional gross proceeds of
Cdn $3,000,000, resulting in the aggregate issuance under the offering of
14,375,000 common shares of the Company for aggregate gross proceeds of
Cdn $23,000,000.
    The Company proposes to use the net proceeds from this offering primarily
to advance exploration programs at its Madsen and Seabee area properties and
for general corporate purposes.
    Claude's focus is gold exploration and mining. In addition to the Seabee
goldmine and surrounding exploration properties, the Company owns the Madsen
exploration project in Red Lake, Ontario, Canada. This project includes a
10,000 acre property with a mill, shaft and permitted tailings facilities. The
Company also owns oil and natural gas assets located in Alberta and
    The Company has 92.1 million common shares outstanding (96.6 million
fully diluted) and is listed on the Toronto and American Stock Exchanges

    The securities offered were not registered under the United States
Securities Act of 1933, as amended, and were not offered or sold in the United
States absent 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

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:; Edith English:, (514) 939-3989, Fax: (514) 939-3717;

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Claude Resources Inc.

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