1. Why Invest in Claude Resources Inc.?
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2. Growing Resource Base
Claude Resources Inc. has an exceptional
record of low-cost reserve & resource base
growth over the past four years. This
demonstrates the ability of our exploration
team, the strength of the exploration
program and the quality of the Company’s
exploration assets.
The industry average finding cost per ounce is
approximately $50 while our finding costs
have averaged $25 over the past 4 years.
We continue to focus on exploration around
our Seabee Gold Operation while developing 2012 2012 2011 2011
the advanced stage Amisk and Madsen Gold
Projects. In 2012, the Company increased its $ (in millions) Metres $ (in millions) Metres
exploration budget to over $15.5 million. We Seabee $7.50* 129,600 $4.90* 100,000
believe that this will enable our exploration Madsen $6.50 29,050 $3.85 18,000
team to continue its success of sustaining Amisk $1.50 6,000 $1.74 10,000
mineral reserves while increasing the $15.50 164,650 $10.49 128,000
Total
resource base.
*Excluding underground expenditures.
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3. Increasing Production
The Company continues to invest in infrastructure to
increase the capacity of the Seabee Gold Operation
in order to increase gold production over the next 5
years. Increasing Seabee Gold Production
(2007-2016)
90,000
In 2012 the Company will complete the shaft 80,000
extension, the mill upgrade and a camp expansion. 70,000
These initiatives will enable us to increase
Production Ounces
60,000
production significantly over the next 5 years.
50,000
40,000
The addition of the Santoy 8 Gold Mine in 2011 and 30,000
the L62 Zone in 2012 will contribute to production, 20,000
providing increases and flexibility to operations and 10,000
enabling Claude to meet production more reliably in 0
the short term. In the long term, the discovery of the 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Santoy Gap deposit will enable a substantial increase *Updated Life of Mine Plan will be released by the end of 2012
in production and a significant drop in unit costs. The
significant increase in reserves and resources at the
Seabee Gold Operation in 2011 will also ensure that
there is a large supply of gold ore for many years to
come.
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4. Pure Canadian Gold Play
AMISK PROJECT
We searched all over the world to find the best gold projects and came to the conclusion that
there is no better place to mine than Canada. All of our assets are located in safe, politically
stable provinces where mining is a widely accepted practice and an industry that many people
are proud to have a career in.
The Fraser Institute has consistently ranked Canada among the top mining jurisdictions in the
world. In 2011/12, Saskatchewan was ranked 6th and Ontario was ranked 13th out of 93 mining
jurisdictions in the world for the best place to mine.
(Source: Fraser Institute Annual Survey of Mi ning Companies 2011/2012)
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5. Management Strength
Our Senior Executives and Board of Directors have a long history of working in the
mining industry. Their experience is critical to the development and success of the
Company. Recent additions to our management and Board have further strengthened
our team and we are confident that their expertise will enable us to grow the
Company.
Senior Management Board of Directors
Neil McMillan, President & Chief Executive Officer Ted J. Nieman, Chairman
Rick Johnson, C.A., CFO and Vice President Finance Ronald J. Hicks, C.A., Director
Brian Skanderbeg, P. Geo., Vice President Exploration J. Robert Kowalishin, P. Eng., Director
Peter Longo, P. Eng., MBA, PMP, Vice President Operations Ray A. McKay, Director
Rita Mirwald, Director
Mike Sylvestre, P.Eng., Director
Brian Booth, P.Geo., Director
Neil McMillan, President & CEO, Director
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6. Peer Valuation
(as of May 24, 2012)
$400
$350 Rubicon
Non-producer
$300 Kirkland Lake
Producer
Average
$250
Market Cap/Oz
$200
$150
$100
$50
$0
*Calculation based on National Instrument 43-101 ounces
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7. Why Invest in Gold?
• Demand & Supply
– Demand for gold has risen steadily over the past decade, driven by rising income levels in
emerging markets and investors seeking a safe haven for investment in a time when the markets
are uncertain.
– Between 2002 and 2011, the value of global gold demand increased by 512%.
– Q1 2012 global gold demand totaled 1,096.6 tonnes while global supply was 1,070.3 tonnes. Of
this total supply, only 673.8 tonnes came from mine production while the rest of the supply came
from recycled gold.
• Portfolio Diversification
– One of the most important reasons to invest in gold is to help diversify a portfolio. Gold performs
well under different macroeconomic, financial and geopolitical conditions from other financial
assets so it can help lower the risk while enhancing returns. Gold also has no strong correlation to
oil prices or other commodity prices. Its lack of correlation with other assets is a function of its
demand and supply drivers which determine price movements.
• Inflation and Currency Hedge
– Although the price of gold can be volatile in the short-term, its value and its purchasing power
has remained largely stable for the past century.
• Strong Gold Price
– Gold prices have recently hit record highs and are predicted to remain strong for the near future.
This is a result of an increase in the demand for gold bullion and gold backed securities, a
decrease in global gold production, the continued devaluation of paper currencies and
uncertainties in financial markets.
Source: World Gold Council
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8. If you need more reasons on why to invest,
please contact us at 306-668-7505 or at
ir@clauderesources.com.
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9. Cautionary Statement
Cautionary Note Regarding Forward-Looking Information
This document contains certain forward-looking statements relating but not limited to the Company’s expectations, intentions, plans and
beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”,
“plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future events or performance. Forward-looking information may include reser ve
and resource estimates, estimates of future production, unit costs, costs of capital projects and timing of commencement of operations,
and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to
differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reser ves,
the grade and recover y of mined ore varying from estimates, capital and operating costs var ying significantly from estimates, delays in
obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to
risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
Potential shareholders and prospective investors should be aware that these statements are subject to know n and unknown risks,
uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking
statements. Shareholders are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking
information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility
that the predictions, forecasts, projections and various future events will not occur. Claude Resources undertakes no obligation to update
publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors
which affect this information, except as required by law.
Cautionary note to U.S. investors concerning resource estimate
The resource estimates in this document were prepared in accordance with National Instr ument 43-101, adopted by the Canadian
Securities Administrators. The requirements of National Instr ument 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 conver ted into “reserves”. Fur ther, “inferred resources” have a great amount of
uncertainty as to their existence and w hether they can be mined economically or legally, and United States investors should not assume
that “inferred resources” exist or can be legally or economically mined, or that they will ever be upgraded to a higher category.
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10. Claude Resources Inc.
Experience. Stability. Potential.
Creating the Capacity to
Discover. Develop. Deliver.
TSX: CRJ NYSE MKT: CGR
200, 224- 4th Avenue South
Saskatoon, Saskatchewan, S7K 5M5
Canada
P. 306.668.7505
F. 306.668.7500
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