Trading Symbols: TSX: CRJ; OTCQB: CLGRF
SASKATOON, Dec. 18,
2014 /PRNewswire/ - Claude Resources Inc. ("Claude" and
or the "Company") today announced that its Board of Directors (the
"Board") has named Brian Booth,
current Lead Director, as Chair of the Board effective January 1, 2015. The Company's current Chair,
Mike Sylvestre, will step down as
Chair effective December 31, 2014.
Mr. Sylvestre will remain on the Board as a director until
February 19, 2015, at which point he
will resign from Claude to pursue a new role within the mining
sector.
Mr. Booth brings more than 30 years of
exploration and mining experience throughout Canada, South
America, Europe and
Southeast Asia. He began his
career as a geologist on the Casa Berardi gold discoveries in
Quebec and then went on to work in
a variety of management positions with Inco Ltd. In addition, Mr.
Booth is past President, Chief Executive Officer and Director of
Lake Shore Gold Corp.
Mr. Booth currently serves as the President and
Chief Executive Officer of Pembrook Mining Corp., an exploration
company based in Vancouver, B.C.,
Canada and is also on the board.
He holds a Bachelor of Science in Geology from McGill University and is a member of the
Professional Geoscientists of Ontario.
Mr. Booth added, "On behalf of the Board, I would
like to thank Mike for his leadership and expertise during a time
of significant change for the Company. He was a key contributor to
the Company's turnaround and during his short tenure achieved
remarkable results including improved safety and environmental
results, the advancement of the Santoy Gap deposit and the
strengthening of the Company's financial position. We wish Mike the
very best in his new endeavours."
Claude Resources Inc. is a public gold
exploration and mining company based in Saskatoon, Saskatchewan, with an asset base
located entirely in Canada. Its
shares trade on the Toronto Stock Exchange (TSX: CRJ) and the OTCQB
(OTCQB: CLGRF). Since 1991, Claude has produced over 1,000,000
ounces of gold from its Seabee Gold Operation in northeastern
Saskatchewan. The Company also
owns 100 percent of the Amisk Gold Project in northeastern
Saskatchewan.
CAUTION REGARDING FORWARD-LOOKING
INFORMATION
All statements, other than statements of
historical fact, contained or incorporated by reference in this
news release 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 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 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 news release and accordingly, are
subject to change after such date. Except as otherwise
indicated 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.
SOURCE Claude Resources Inc.