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2012 Financial & Operating Results Presented By: Neil McMil lan President & CEO March 28, 2013

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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 reserve 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 reserves, the grade and recovery of mined ore varying from estimates, capital and operating costs varying 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 known 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 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” exist or can be legally or economically mined, or that they will ever be upgraded to a higher category.

Cautionary Statement

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2012 Highlights

Net profit of $5.6 million, or $0.03 per share, after a $3.0 million, or $0.02 per share, non-cash deferred income tax expense.

Cash flow from operations before net changes in non-cash operating working capital (1) of $25.8 million, or $0.15 per share.

Canadian dollar cash cost per ounce of gold (2) for 2012 of $997 (U.S. $998).

Increased gold sales by 16% year over year with 48,672 ounces at an average realized price of $1,660 (U.S. $1,663) for revenue of $80.8 million.

Produced 49,570 ounces after achieving a record mill throughput of 275,235 tonnes at 5.86 g/t in 2012.

The Mineral Reserves at the Seabee Gold Operation grade increased by 14% but decreased by 44,500 ounces or 13% after producing 49,570 ounces. Measured and Indicated Resources increased to 344,200 ounces from 70,700 ounces and the grade increased 46% to 7.82 g/t from 5.35 g/t year over year.

Expanded debt facilities with Canadian Western Bank and signed a non-binding term sheet with Crown Capital Partners for a debt facility of $25 million that is expected to close early in the second quarter.

Surpassed one million ounces of total production at the Seabee Gold Operation. Shaft extension project was completed in January of 2013.

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Positive Trends in Production & Cash Costs

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Ounces Produced

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Cash Cost Per Ounce (2)

(CDN$ per ounce)

Q4 2012: 12,757 ounces Q4 2012: CDN $822

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Increasing Revenue & Continued Strong Gold Price

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Average Realized Gold Price (CDN$ per ounce)

Q4 2012: $21.3 million Q4 2012: CDN $1,668

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Increasing Cash Flow & Net Profit

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Cash Flow From Operations Before Net Changes in Non-Cash

Operating Working Capital (1)

($ millions)

-$1.0

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Net Profit (Loss) ($ millions)

Q4 2012: $2.4 million Q4 2012: $9.4 million

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Financial Position

December 31 2012

Short term debt* (millions) $16.5

Long term debt (millions) $0.3

Common shares outstanding, basic (millions) 173.7

Common share outstanding, fully diluted (millions) 182.4

*Includes $9.8 of debentures outstanding which mature in May of 2013

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• During the first quarter of 2013, the Company expanded its debt facilities. – $25.0 million with Canadian Western Bank – $25.0 million with Crown Capital Partners Inc. (pending

the closing of the transaction)

• The transaction with Crown Capital Partners is expected to close in early Q2

• The new debt facilities will permit the retirement of the Company’s outstanding debentures and fund the necessary expansion capital at the Seabee Gold Operation.

Financial Capacity

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Operations and Projects

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Seabee Gold Operation

2012 Production • Met forecast production of 48,000 – 50,000 ounces

of gold with 49,570 ounces

• Unit cash costs of $997 CDN; 10% higher than 2011 unit cash costs of $908 CDN.

• L62 Zone production tonnage began during the fourth quarter

• Staked an additional 3,350 hectares (total land package of 17,750 ha)

Exploration Program • 101,000 metres at Seabee Operation in 2012

o 60,000 metres underground

o 41,000 metres regionally

• 2013 exploration will focus on near-mine targets at Seabee and Santoy as well as infill drilling to convert additional ounces from the Inferred to Indicated category.

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Santoy Gap • Indicated Mineral Resources of 281,000 ounces at 8.80 g/t (NI 43-101 compliant)

• Inferred Mineral Resources of 357,000 ounces at 5.92 g/t (NI 43-101 compliant)

• Initiated exploration ramp to the Santoy Gap from current mining infrastructure –

currently 485 metres into the 800 metre ramp

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Key Changes in New LOMP

• Increased underground development

• New high grade deposits – L62 and Santoy Gap

• Third party consultant to aid in improved management systems, costs controls and productivity

• Shaft extension to increase tonnage reliability with less maintenance and labour

• Strengthened mine site technical team

• Life of Mine Plan was updated in Q4 2012.

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2011 2012 2013 2014 2015 2016 2017

BaseCase

Costs

Increasing Production & Decreasing Cash Costs

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Seabee Reserve & Resource Update

• Reserve grade increased to 6.14 g/t from 5.37 g/t or a 14% increase year over year. Reserves decreased marginally by 44,500 or 13% after mining 49,570 ounces in 2012

• Anticipate significant reserve growth in 2013 from the conversion of the Santoy Gap Measured & Indicated Resources

• Measured and Indicated Mineral Resources increased to 344,200 ozs from 70,700 ozs and the grade increased by 46% to 7.82 g/t from 5.35 g/t year over year

• Inferred Resources decreased 31% as 270,000 ounces from Santoy Gap was upgraded into the Measured and Indicated

category

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Amisk Gold Project Project Overview: • 100% ownership

• 1.56M oz resources (NI 43-101 compliant)

• 40,400 hectare property

• Open pit potential

Exploration Program • 2,600 metres of regional drilling in 2012

• Field work and extensive compilation in 2012 have resulted in an extensive list of exploration targets.

• Advancement of a Preliminary Economic Assessment of the Amisk Gold Project will be ongoing during 2013.

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Madsen Gold Project Project Overview: • 100% ownership

• 1.23M oz resources (NI 43-101 compliant)

• Historic production of 2.45 million ounces of gold from 1938 to 1976

• 10,000 acre land package

• Fully permitted mill, shaft and tailings management facility

• Similar type of geology to that of Goldcorp’s Red Lake Assets

Exploration Program • 19,000 metres completed in 2012

• Results from the 2012 drill program extended the 8 Zone system at depth and confirmed conceptual potential beneath the Austin Tuff.

• The Company will focus on a scoping level analysis of the Madsen Project in 2013.

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2013 Outlook

• Forecast gold production of 50,000 to 54,0000 ounces – Approximately 60% from Seabee and 40% from the Santoy 8

• Unit costs are estimated to improve modestly from 2012 cash costs of CDN $997

• Q1 production expected to be lower than budgeted but annual guidance maintained

• Winter road resupply program nearly complete

• Exploration budget of $2.7 million mainly focused on the Seabee and Santoy regions

• Budgeted capital expenditures decreased 25% year over year at approximately $31.9 million

• Crown Capital Partner debt facility of $25 million is expected to close in early Q2

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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 E: ir@clauderesources.com

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Neil McMillan President Chief Executive Officer Board Director

17 years as President & CEO of Claude. 16 years managing the RBC Dominion Securities operation in Saskatoon. Shore Gold Inc. and Cameco Corporation Board Director.

Rick Johnson, C.A.

Chief Financial Officer Vice President Finance

16 years with Claude including 8 years as CFO and VP Finance.

Brian Skanderbeg, P.Geo.

Chief Operating Officer Senior Vice President

5 years with Claude leading the exploration team. Appointed Sr. VP and COO September 1, 2012. Previously employed with Goldcorp, INCO and Helio Resources.

Peter Longo, P.Eng., MBA

Vice President Operations Joined Claude in 2011 as Manager of Capital Projects and appointed VP Operations in 2012. Previously worked for Areva Resources, Cameco Corporation and INCO.

Appendix A: Management Team

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Ted J. Nieman, Q.C.

Chairman Senior Vice-President, General Counsel and Corporate Secretary of Canpotex. A board member of all of Canpotex’s subsidiaries and affiliates. Joined the Board of Directors in 2007.

Ronald J. Hicks, C.A.

Director Spent 41 years with Deloitte where he was a partner. Has served as a Director with Dickenson Mines Ltd., Kam Kotia Mines Ltd., Saskatchewan Government Insurance and Prairie Malt Ltd. Joined the Board of Directors in 2007.

Ray A. McKay Director Held numerous senior positions within the aboriginal business community, provincial government and in the education sector. Most recently retired as the CEO of Kitsaki Management, a business arm of the Lac La Ronge Indian Band.

J. Robert Kowalishin, P.Eng.

Director Held a number of senior positions with the Trane Company over the course of his 42 year career with the company. Joined the Board of Directors in 2007.

Rita Mirwald, C.M.

Director Held a number of senior positions with Cameco Corporation, including that of Senior Vice President Corporate Services. Joined the Board of Directors in 2011.

Mike Sylvestre, P.Eng.

Director Currently the President and Chief Executive Officer for Castle Resources Inc. Holds an MSc and BSc in Mining Engineering from McGill University and Queen’s University. Previous experience with Inco Ltd. Over 35 years of mining experience. Joined the Board of Directors in 2011.

Brian Booth, P.Geo.

Director Currently serves as the President and Chief Executive Officer of Pembrook Mining Corp. Previous work experience includes Inco Ltd. and Lake Shore Gold Corp. Over 30 years of experience in mineral exploration. Joined the Board of Directors in 2012.

Neil McMillan President & CEO Director

17 years as President & CEO of Claude. 16 years managing the RBC Dominion Securities operation in Saskatoon. Serves on the Board of Shore Gold Inc. and Cameco Corporation.

Appendix B: Board of Directors

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Appendix C: Footnotes

(1) See description and reconciliation of this performance measure in the “Other Performance Measures” section of the Company’s MD&A.

(2) See description and reconciliation of non-IFRS performance measures in the “Non-IFRS Performance Measures and Reconciliations” section of the Company’s MD&A.