Claude Resources Inc. (Claude) is engaged in the acquisition, exploration, and development of precious metal properties and the production and marketing of minerals. Claude's mineral properties are located in northern Saskatchewan and northwestern Ontario. The Company�s mineral property portfolio includes the Seabee Property, a producing gold mine and exploration properties located at Laonil Lake, Saskatchewan, approximately 125 kilometers northeast of La Ronge, Saskatchewan. This operation had produced 928,767 ounces of gold as of December 31, 2010. It also holds a portfolio of exploration properties in Canada, which are located in the provinces of Saskatchewan, Manitoba and Ontario, including the Madsen Properties. The Madsen Properties consists of six contiguous claim blocks totaling approximately 10,000 acres (4,000 hectares) located in the Red Lake Mining District of northwestern Ontario. In February 2012, the Company acquired St. Eugene Mining Corporation Limited.