Claude Resources Announces Executive Changes

[Franko10 ™]

Claude Resources Announces Executive Changes


William R. MacNeill, Chairman of the Board of Claude Resources Inc. (TSX;CRJ) announces that Arnie Hillier, Chief Executive Officer and Chief Financial Officer is retiring from his Executive positions with the Corporation effective March 1, 2004.

At that time, Neil McMillan, currently President of Claude, will also assume the responsibilities of Chief Executive Officer. Rick Johnson, Corporate Controller, will become Vice President Finance and Chief Financial Officer.

Mr. Hillier will remain as Vice Chairman of the Board and member of the Executive Committee of the Board of Directors on an ongoing basis.


Statements contained in this document which are not historical fact, are forward looking statements which involve risk and uncertainties which could cause actual results to differ materially from those expressed in the forward looking statements. Such factors include: volatility and sensitivity to market prices for gold and foreign currency, competition, environmental risks, and receipt of permits and approvals from government authorities.



For further information please contact:

Neil McMillan
President
306.668.7505
306.668.7500 Fax
[e-mail]



Renmark Financial Communications Inc.
514.939.3989
514.939.3717 Fax
Neil Murray-Lyon [e-mail]

Edith English [e-mail]

Media: Dominic Sicotte [e-mail]