1. TSX: CRJ NYSE MKT: CGR
Claude Resources Inc. is a gold producer with shares listed on both the Toronto Stock Exchange (TSX-CRJ) and the NYSE MKT
(NYSE MKT-CGR). The Company is also engaged in the exploration and development of gold mineral reserves and mineral
resources. The Company’s entire asset base is located in Canada. Its main revenue generating asset is the 100 percent owned
Seabee Gold Project, located in northern Saskatchewan. Since 1991, Claude has produced over 1,023,000 ounces of gold from the
Seabee Gold Project. Claude also owns 100 percent of the Madsen property near Red Lake, Ontario and 100 percent interest in
the Amisk Gold Property 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 1,023,000 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 21 years of narrow vein gold mining experience;
• Exploration focused on Santoy Gap, L62, Santoy 8 and Seabee • Exploration upside in and around current mining
Deep 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 Market Summary
• 1.56M oz resources (NI 43-101 compliant) Stock Exchanges:
• 40,373 hectare property
TSX - CRJ
• Located in a proven mining district and mining friendly
NYSE MKT – CGR
community
• Open pit potential
Shares Outstanding (December 31, 2012):
Basic – 173.7 million
Fully Diluted – 182.3 million
Market Cap:
As of January 14, 2013 – $100 million
TSX:
52 Week High: $1.53 52 Week Low: $0.50
NYSE MKT:
52 Week High: $1.53 52 Week Low: $0.50
AMISK GOLD PROJECT Analyst Coverage:
Kevin Chiew – CIBC
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
Claude has an exceptional record of low-cost reserve & Resource Base
resource base growth over the past four years. This 4,500,000
demonstrates the ability of our exploration team, the 4,000,000
strength of the exploration program and the quality of
3,500,000
the Company’s exploration assets. 1,566,000
3,000,000
The industry average finding cost per ounce is Amisk
2,500,000 1,018,000
approximately $35(1) while our finding costs have
2,000,000 Madsen
averaged $18 over the past 4 years. 1,225,000
1,500,000 Seabee
We continue to focus on exploration around our Seabee 1,225,000 1,225,000
1,000,000
Gold Operation while advancing the Amisk and Madsen
1,300,000
Gold Projects. 500,000 806,000 735,000 662,000
(1)
(S ource: M inex C onsulting P ty Ltd.)
0
2008 2009 2010 2011
Increasing Production at the Seabee Gold Operation
Increasing Production & Decreasing
The Company expects to increase gold production by
approximately 10% per year over the next 5 years at the
Cash Costs
100,000 $1,200
Seabee Gold Operation.
90,000
$1,000
In 2012, the Company completed a mill upgrade and a 80,000
camp expansion with its shaft extension to be completed 70,000
$800
in Q1 2013. These initiatives will enable Claude to
60,000
increase production significantly and lower unit operating
costs over the next 5 years. 50,000 $600
40,000
Key drivers to increase production: $400
30,000
• Increased reserve & resource base 20,000
$200
• New, near infrastructure discoveries: L62 and 10,000
Santoy Gap 0 $0
2011 2012 2013 2014 2015 2016 2017
• Improved mining infrastructure
Upside Base Case Costs
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