1. TSX: CRJ NYSE MKT: CGR
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock
Exchange (TSX-CRJ) and the NYSE MKT (NYSE MKT-CGR). Claude is a gold exploration and mining company with an asset base
located entirely in Canada. Since 1991, Claude has produced over 1,000,000 ounces of gold from its Seabee Gold Operation in
northeastern Saskatchewan. The Company also owns 100 percent of the 10,000 acre Madsen Gold Project in the prolific Red Lake
gold camp of northwestern Ontario and 100 percent of the Amisk Gold Project in northeastern Saskatchewan.
World-Class Properties A Unique Junior Gold Company:
Seabee and Santoy 8 Gold Mines • 100% of assets located in safe Canadian mining
• 100% ownership jurisdictions;
• Produced over 1,000,000 ounces of gold from 1991 to 2012 • Production and cash flow to grow at current mining
• 1.30M oz resources (NI 43-101 compliant) operations;
• 14,400 hectare land package • Over 20 years of narrow vein gold mining experience;
• Exploration focused on Santoy Gap, L62, Santoy 8, Seabee • Exploration upside in and around current mining
Deep, and Neptune operations. Recently identified ore bodies near
Madsen Advanced Gold Exploration Project infrastructure;
• 100% ownership • Exploration upside at prolific gold camp in Red Lake,
• 1.23M oz resources (NI 43-101 compliant) Ontario
• Historic production of 2.45 million ounces of gold from 1938 to
• Multiple high grade targets
1976
• Permitted infrastructure;
• 10,000 acre land package
• Amisk Gold Project with bulk mineable potential; and
• Fully permitted mill, shaft and tailings management facility
• Experienced Management and Board of Directors.
• Similar type of geology to that of Goldcorp’s Red Lake Assets
Amisk Gold Exploration Project
• 100% ownership
• 1.56M oz resources (NI 43-101 compliant) Market Summary
• 40,373 hectare property Stock Exchanges:
• Located in a proven mining district and mining friendly TSX - CRJ
community NYSE MKT – CGR
• Open pit potential
Shares Outstanding (September 30, 2012):
Basic – 173.7 million
Fully Diluted – 183.3 million
Market Cap:
As of October 1, 2012 – $142 million
TSX:
52 Week High: $2.10 52 Week Low: $0.56
NYSE MKT:
52 Week High: $2.10 52 Week Low: $0.56
AMISK GOLD PROJECT Analyst Coverage:
Cosmos Chui – CIBC
Brian Christie – Desjardins Securities
Paolo Lostritto – National Bank
Ron Stewart – Dundee Securities
Sam Crittenden – RBC

2. TSX: CRJ NYSE MKT: CGR
Growing Resource Base at Seabee, Madsen and Amisk
The Company’s resource base will continue to grow in 2012, driven by an aggressive exploration program which includes
drilling at the Seabee Gold Operation, Amisk Gold Project and Madsen Gold Project.
Reserves and Resources Resource Base
(as of December 31, 2011) 4,500,000
Proven & 4,000,000
Indicated Inferred
Location Probable 3,500,000
(oz) (oz) 1,566,000
(oz) 3,000,000
2,500,000 Amisk
Seabee 356,000 71,000 873,000 1,018,000
2,000,000 Madsen
1,225,000
1,500,000 Seabee
Madsen - 928,000 297,000 1,225,000 1,225,000
1,000,000
1,300,000
500,000 806,000 735,000
Amisk - 921,000 645,000 662,000
0
2008 2009 2010 2011
Increasing Production Peer Valuation
Future gold production is predicted to increase with the Market cap per ounce valuation compared to 14 of our
addition of the Santoy 8 orebody and the newly discovered peer companies.
L62 and Santoy Gap orebodies. Both the L62 and Santoy (As of October 1, 2012)
Gap are in close proximity to current mining infrastructure. $450
$400 Non-Producer
Increasing Seabee Gold Production Producer
$350
(2010-2016) Average
$300
90,000
Market Cap/Oz
$250
80,000
$200
70,000
Production Ounces
$150
60,000
$100
50,000
$50
40,000
$0
30,000
20,000
10,000
0
2010 2011 2012 2013 2014 2015 2016
Claude Resources Inc. Phone: (306) 668-7505 TSX: CRJ
200, 224-4th Avenue South Fax: (306) 668-7500 NYSE MKT: CGR
Saskatoon, SK Canada Email: ir@clauderesources.com
S7K 5M5 Website: www.clauderesources.com