Claude Resources Releases Q4 2007 Production Results
"Seabee Mine Production Exceeds Five Year Quarterly Average"
Saskatoon, Saskatchewan - January 15, 2008: Claude Resources Inc. (TSX: CRJ / AMEX: CGR) today reported its Q4 2007 production results from the Company's Seabee mining operation.
During the fourth quarter ended December 31, 2007, Claude Resources recorded 12,165 produced ounces of gold from the Seabee mining operation as well as the satellite deposit at the adjacent Santoy 7 project.
By comparison, over the previous five year period from 2002 to 2006, the Company has averaged 11,200 produced ounces per quarter.
"The increased production during the second half of 2007 is largely a result of the capital investment at our operations and in particular at Santoy 7", stated Claude Resources Vice President Mining Operations, Philip Ng. "That was evidenced by the fact that 61% of the 44,322 ounces of gold produced during 2007 occurred during Quarters 3 and 4".
For further information, please contact:
President and Chief Executive Officer
Vice President Mining Operations
RENMARK FINANCIAL COMMUNICATIONS INC.
NEIL MURRAY-LYON : NMURRAYLYON@RENMARKFINANCIAL.COM
JAMES BUCHANAN : JBUCHANAN@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717