Claude Resources Expands Mineralization at Amisk

SASKATOON, May 5 /CNW/ --
'Intercepts include 0.92 g/t Au, 7.9 g/t Ag over 36.60 metres'

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SASKATOON, May 5 /CNW/ - Claude Resources Inc. (TSX: CRJ) (NYSE Amex: CGR) ('Claude') is pleased to announce step-out
and infill drill intercepts from its 2011 winter exploration program at
the 15,400 hectare Amisk Gold Project in northeastern Saskatchewan,
Canada. The Amisk Gold Project is located 20 kilometres southwest of
Flin Flon, Manitoba and is a 65:35 Joint Venture between Claude and St.
Eugene Mining Corporation; Claude is the operator of the Joint Venture.

A total of 8 holes, 3,234 metres, were completed and assayed from the
2011 winter drill program. The program tested from surface to in excess
of 600 metres depth and was designed to expand the limits of the Amisk
Gold Deposit as well as infill within the northern portion of the
deposit.

Drilling successfully expanded the system along strike 400 metres to the
southwest and 150 metres to the north of and below the conceptual open
pit (Figures 1, 2 and Table 1). Intercepts include 0.92 g/t Au and 7.9 g/t Ag over 36.60 metres in hole AL-11-298 and 0.70
g/t Au and 3.5 g/t Ag over 54.12 metres in AL-11-297.  Gold and silver mineralization intercepted in the drilling is
associated with a sequence of quartz porphyritic, rhyolitic lapilli
tuffs and flows hosting disseminations and stringers of pyrite,
sphalerite, galena, tetrahedrite and chalcopyrite. Drilling has now
intercepted the mineralized system over a strike length of 1,200
metres, width of 400 metres and depths of in excess of 600 metres. The
system remains open to the southwest, north and at depth.

Five drill holes successfully confirmed continuity of gold
mineralization within the northern portion of the deposit (Table 1).
Significant results include: 1.02 g/t Au and 2.6 g/t Ag over 39.08 metres in hole AL-11-292 and 0.50
g/t Au and 2.7 g/t Ag over 55.40 metres in hole AL-11-296.

'This latest drill program has intercepted the target stratigraphy and
significant intercepts up to 400 metres southwest, to the north and at
depth, below the conceptual pit outline,' stated Brian Skanderbeg, Vice
President Exploration.

Table 1: 2011 winter drill results from the Amisk Gold Project.

                                    From     To  Length  Au    Ag
   Hole   Easting Northing Az/Dip   (m)     (m)   (m)   (g/t) (g/t) Target

AL-11-292  10011     5091  65/-45  133.00 172.08 39.08  1.02   2.6  Infill

                             Incl  133.00 135.00  2.00  8.98  19.0      

                              And  184.58 263.96 79.38  0.49   2.2      

AL-11-293   9992     5146  65/-45  123.00 145.85 22.85  0.51   2.0  Infill

                              And  162.57 207.60 45.03  0.50   1.6      

                              And  236.00 247.45 11.45  0.99   3.5      

AL-11-294  10037     5168  65/-45  105.00 127.50 22.50  0.45   1.6  Infill

                              And  175.13 205.00 29.87  0.55   2.9      

AL-11-295  10097     5198  65/-45  80.70  105.57 24.87  0.55   2.5  Infill

AL-11-296   9968     5201  65/-45  171.82 193.50 21.68  0.54   1.3  Infill

                              And  211.00 266.40 55.40  0.50   2.7      

                                                                    North
AL-11-297   9965     5575  180/-54 162.50 229.50 67.00  0.55   2.9   Ext

                              And  348.24 402.36 54.12  0.70   3.5      

                              And  667.14 693.50 26.36  0.40   2.8      

                              And  753.50 779.00 25.50  0.91   4.8      

AL-11-298   9588     4215  45/-45  166.40 203.00 36.60  0.92   7.9  SW Ext

                                                                    North
AL-11-299   9750     5475  171/-63 272.00 300.00 28.00  0.36   1.6   Ext

                              And  623.00 636.00 13.00  0.82   2.5      

Note: Intervals noted are intercepted width not true width, have been
calculated using a 0.3 g/tonne cut-off and are uncut.  True width is
variable between 60 and 100 percent of drilled width.  They may include
internal dilution intervals of up to 10 metres. Intercepts meet a minimum
criterion of 0.3 g/t and a 10 gram-metre product. 

As outlined in Claude's News Release dated February 17(th), 2011 ('Claude Reports Initial Open Pit Resource at Amisk Gold Project'), results from previous drilling have been incorporated into a National
Instrument 43-101 ('NI 43-101') compliant Resource and Technical
Report. SRK Consulting of Toronto completed the Resource Study and
Technical Report during the first quarter of 2011.  The drill results
reported herein were not incorporated into the February 7(th) Resource Statement.

Table 2: Consolidated Mineral Resource Statement* Amisk Gold Project,
Saskatchewan, February 9, 2011. 

                               Grade (g/tonne) Contained Ounces (000's)
Resource Class       Quantity
               (000's  tonnes)  Au   Ag  Au Eq Au    Ag        Au Eq

Indicated               30,150 0.85 6.17 0.95  827 5,978         921

Inferred                28,653 0.64 4.01 0.70  589 3,692         645

* Reported at a cut-off of 0.40 grams of gold equivalent (Au Eq) per
tonne using a price of U.S. $1,100 per ounce of gold and U.S. $16 per
ounce of silver inside a conceptual pit shell optimized using
metallurgical and process recovery of eight-seven percent, overall ore
mining and processing costs of U.S.$15 per tonne and overall pit slope
of fifty degrees.  All figures are rounded to reflect the relative
accuracy of the estimates.  Mineral resources are not mineral reserves
and do not have demonstrated economic viability.

Based on results of the NI 43-101 resource calculation, the Joint
Venture has engaged Starkey and Associates of Toronto to complete
initial metallurgical and engineering testwork.  Composite samples have
been submitted and results are expected in the second quarter. 
Continued exploration in 2011 will be based on the drilling results
from the winter program, recommendations from the NI 43-101 Resource
and Technical Report as well as positive metallurgical and engineering
testwork.

A plan map of the Amisk Gold Project, detailed map showing current drill
collar locations and a representative cross section through the deposit
can be viewed at Claude's website www.clauderesources.com.

Claude Resources holds approximately 10 percent interest in St. Eugene's
issued and outstanding common shares as of December 31(st), 2010.

In addition to advancing the Amisk Gold Project, Claude continues to
focus on expanding the production profile and resource base at the
Seabee Operation and has initiated Phase II underground drilling at the
Madsen Property in Red Lake.  The Madsen program is designed to test
depth and strike extensions to high grade mineralization within the 8
Zone Trend.

Brian Skanderbeg, P.Geo. and M.Sc., Claude's Vice-President Exploration,
is the Qualified Person who has reviewed and approved the contents of
this news release. Drill core was halved with samples averaging 2.0
metres submitted to ALS Chemex in Vancouver, an ISO approved facility.
Rigorous quality assurance and quality control procedures have been
implemented including the use of blanks, standards and duplicates. Core
samples were analyzed by a 30 gram gold fire assay with an atomic
absorption, conventional gravimetric and/or screen fire techniques.

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 with an asset base located entirely in
Canada. Since 1991, Claude has produced over 930,000 ounces of gold
from its Seabee mining operation in northeastern Saskatchewan. The
Company also owns 100 percent of the 10,000 acre Madsen property in the
prolific Red Lake gold camp of northwestern Ontario and has a 65
percent working interest in the Amisk Gold Project in northeastern
Saskatchewan.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This Press Release may contain 'forward-looking' 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
anticipated, estimated or intended.  The Company does not intend, and
does not assume any obligation, to update these forward-looking
statements.

CAUTIONARY NOTE TO US INVESTORS CONCERNING RESOURCES ESTIMATES

The resource estimates in this document were prepared in accordance with
National Instrument 43-101, adopted by the Canadian Securities
Administrators. The requirements of National Instrument 43-101 differ
significantly from the requirements of the United States Securities and
Exchange Commission (the 'SEC'). In this document, we use the terms
'measured', 'indicated' and 'inferred' resources. Although these terms
are recognized and required in Canada, the SEC does not recognize them.
The SEC permits US mining companies, in their filings with the SEC, to
disclose only those mineral deposits that constitute 'reserves'. Under
United States standards, mineralization may not be classified as a
reserve unless the determination has been made that the mineralization
could be economically and legally extracted at the time the
determination is made. United States investors should not assume that
all or any portion of a measured or indicated resource will ever be
converted into 'reserves.' Further, 'inferred resources' have a great
amount of uncertainty as to their existence and whether they can be
mined economically or legally, and United States investors should not
assume that 'inferred resources'.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/05/c9656.html

Neil McMillan, President & CEO
Phone: (306) 668-7505
or
Brian Skanderbeg, P.Geo, Vice President, Exploration
Phone: (306) 668-7505

Email: ir@clauderesources.com
Website: www.clauderesources.com