H I G H L I G H T S : Seabee Gold Mine shaft extension project com-

pleted to 980 metres Winter road resupply program was successfully

completed 15,000 metres of drilling from underground was

completed during the first quarter of 2013 in the Seabee and Santoy regions

The Company expanded its current debt facilities with Canadian Western Bank to $25 million and secured an additional $25 million with Crown Capi-tal Partners

Discovered significant extensions at the Santoy Gap and Santoy 8 deposits

S H A F T E X T E N S I O N P R O J E C T C O M P L E T E D In January, Claude completed the shaft extension project at its 100 percent owned and operated Seabee Gold Operation which extended the shaft from 600 metres to 980 me-tres depth. After a 20 day shutdown, the shaft commenced hoisting ore from the 980 me-tre level. During the 20 day shutdown the Company was able to maintain production that averaged over 700 tonnes per day throughput to the central milling facility. Throughput during the shutdown originated from the Santoy 8 Mine and from the upper portions of the Seabee Mine. The reduction of trucking distance and ore handling will result in lower diesel consump-tion, reduced maintenance costs, and improved ventilation. Overall Seabee Deep and L62 mining costs are expected to improve by as much as 10 percent per tonne.

2013 W I N T E R R OA D R E - S U P P LY P R O G R A M The 2013 winter road re-supply program was successfully completed on March 31st with no significant issues or delays. During 2013, when compared to 2012, the Company significantly reduced the number of semi-trailer loads over the winter ice road, a result of improved operating effectiveness and fewer capital projects in 2013. The Company has also benefited from lower prices on several of its consumable inventory items, period over period.

CORPORATE UPDATE

TSX: CRJ

(June 13 2013) 52 Week High: $0.92 52 Week Low: $0.25 NYSE MKT: CGR

(June 13, 2013) 52 Week High: $0.94 52 Week Low: $0.24 Share Structure

(May 31, 2013)

175.8 million shares outstanding 189.5 million fully diluted

Market Capitalization

~$50,000,000

I N S I D E T H I S I S S U E :

Highlights 1

Exploration 2

Debt Financing 3

Q1 Results 3

Outlook for 2013 3

Contact Us 4

Shaft Extension 1

Winter Road 1

June 2013

Page 2 June 2013

E X P L O R A T I O N U P DA T E Due to the success of its 2011 and 2012 exploration programs and in light of the current gold price environment, Claude has elected to reduce its exploration spending during 2012 to $1.6 million from the $2.7 million budgeted and the $14.2 million invested in 2012.

Recent drilling at Santoy Gap has extended the mineralized system down-plunge to 650 metres depth and at Santoy 8 has extended the system 400 metres below the base of the existing inferred resource. These step-out drill intercepts significantly expand the footprint of the Santoy Mine Complex and are of a materially higher grade than the current reserve and resource base.

Recent highlights from the 2013 drill results are summarized below.

The 2013 surface drill program consisted of three step-out drill holes targeting the down-plunge extension of the Santoy Gap and Santoy 8 deposits. Of these, two drill holes returned high grade intercepts, interpreted to represent extensions of the mineralized system. Santoy Gap results are highlighted by drill hole JOY-13-690 that returned 330.35 grams of gold per tonne over 1.55 metres, inclusive of a bonanza grade interval of 602.00 grams of gold per tonne over 0.84 metres. This is the highest grade interval drilled to date at the Santoy Gap. Drill hole JOY-13-692 returned 18.80 grams of gold per tonne over 13.86 metres in the final hole of the program. The intercept is located 400 metres down plunge from existing Santoy 8 in-ferred resources and 200 metres along strike from the Santoy Gap inferred resources. Drill hole JOY-12-692 is of particular significance as it confirms continuity at depth between the Santoy Gap and Santoy 8 deposits.

Hole ID Easting Northing From (m) To (m) Grade (g/t) Width

(m) Zone

JOY-13-690 599175 6171150 684.27 685.82 330.35 1.55 GAP

Incl 684.98 685.82 602.00 0.84 GAP

JOY-13-692 599721 6170539 632.85 646.71 18.80 13.86 Santoy 8

Incl 632.85 635.85 73.49 3.00 Santoy 8

Note: Composites were calculated using a 3.0 g/t Au cut-off grade and may include internal dilution. True widths are interpreted to be 75 to 95 percent of drilled width. Assay results are uncut.

Hole ID Easting Northing From (m) To (m) Grade (g/t) Width

(m) Zone

JOY-13-690 599175 6171150 684.27 685.82 330.35 1.55 GAP

Incl 684.98 685.82 602.00 0.84 GAP

JOY-13-692 599721 6170539 632.85 646.71 18.80 13.86 Santoy 8

Incl 632.85 635.85 73.49 3.00 Santoy 8

Note: Composites were calculated using a 3.0 g/t Au cut-off grade and may include internal dilution. True widths are interpreted to be 75 to 95 percent of drilled width. Assay results are uncut.

Page 3 June 2013

C L A U D E S E C U R E S D E B T F I N A N C I N G W I T H C A N A D I A N W E S T E R N B A N K A N D C R O W N C A P I TA L P A R T N E R S I N C . The Company has expanded its current debt facilities with Canadian Western Bank to $25 million. The Company closed a long-term debt facility of $25 million with Crown Capital Partners Inc. Neil McMillan, President and CEO, stated, “We now have access to $50 million of debt facilities at a blended cost of capital of approximately eight percent. Closing the debt facility positions the Company to be well financed to implement its growth plans going forward.”

Q 1 F I N A N C I A L S & O P E R A T I N G R E S U L T S Claude reported its first quarter financial and operating results on May 9, 2013. Highlights include:

Net loss of $2.5 million, or $0.01 per share

Cash flow from operations before net changes in non-cash operating working capital(1) of $1.4 million, or $0.01 per share.

Production of 8,082 ounces of gold.

Gold sales of 9,301 ounces at an average realized price of $1,643 (U.S. $1,629) for revenue of $15.3 million.

Total cash cost per ounce of gold(1) for the first quarter of 2013 was $1,245 (U.S. $1,235).

Completed debt financing with Canadian Western Bank.

Seabee Gold Mine shaft extension project completed to 980 metres.

“Production in the first quarter came in below budget. We experienced lower grade from two zones at the Seabee Mine. We do not expect this to continue and have already seen improvement in grade and tonnes during the month of April.” stated Neil McMillan, President and Chief Executive Officer. “During the first five months of 2013 Claude has focused on expenditure reduction and expects total expenditures to be over $400 per ounce less this year than last even with an expected increase in ounces produced. Our focus for the remainder of the year will continue to be on cost reductions and meeting our production guidance while bringing the Santoy Gap deposit into our production pro-file.”

O P E R A T I N G A N D F I N A N C I A L O U T L O O K The Company completed its shaft extension project at the Seabee Mine in January 2013. During the remainder of 2013, the Company will see the completion of many milestones including:

Full production from the L62 deposit;

Record mill and mine throughput; and

Access to underground drill chambers to explore and infill drill the Santoy Gap deposit. For 2013, forecast gold production at the Seabee Gold Operation is estimated to range from 50,000 ounces to 54,000 ounces. Unit costs for 2013 are expected to improve slightly from 2012’s unit cash costs of $997 CDN per ounce. Quarterly operat-ing results are expected to fluctuate throughout 2013; as such, they will not necessarily be reflective of the full year average. Since the second quarter of 2012 the Company has aggressively taken steps to reduce corporate expenditures. In 2013, Claude has identified and implemented an addition $6.0 million (annualized) of expenditure cuts and continues to review and adjust capital expenditures. Year over year, the Company expects to see a reduction of corporate expenditures of nearly 20%.

Page 4

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 1,031,000 ounces of gold from the Seabee Gold Project. Claude also owns 100 percent of the Madsen property near Red Lake, Ontario and 100 percent of the Amisk Gold Property in northeastern Saskatchewan. CAUTION REGARDING FORWARD-LOOKING INFORMATION All statements, other than statements of historical fact, contained or incorporated by reference in this document and constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as “forward-looking statements”). Forward-looking statements include, but are not limited to, statements with respect to the successful closing of the transaction and expected use of funds under the new debt facilities, the future price of gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes”, or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the satisfaction of closing conditions for the transaction and receipts necessary approvals, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada will continue to support the development of mining projects in Canada. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Claude to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; possible variations in ore reserves, grade or recovery rates; mine development and operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing or in the completion of development or construction activities; and other risks and uncertainties, including but not limited to those discussed in the section entitled “Business Risk” in the Company’s Annual Information Form. These risks and uncertainties are not, and should not be construed as being, exhaustive. Although Claude has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements in this news release are made as of the date of this document and accordingly, are subject to change after such date. Except as otherwise indi-cated by Claude, these statements do not reflect the potential impact of any non-recurring or other special items that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Claude does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

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 U.S. 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”.

Claude Resources Inc.

200, 224 - 4th Avenue South

Saskatoon, SK

S7K 5M5

Tel: 306-668-7505

Fax: 306-668-7500

Email: ir@clauderesources.com

www.clauderesources.com

June 2013

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