Amisk Gold Joint Venture

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TORONTO, ONTARIO--(Marketwire - May 3, 2011) -



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St. Eugene Mining Corporation Limited (TSX VENTURE:SEM) ("St. Eugene") announces that Claude Resources Inc. (TSX:CRJ) elected that five (5) of St. Eugene's newly staked mineral claims, announced by the Company on April 1, 2010, become part of the Amisk Gold joint venture project, in accordance with the area of influence provisions of the Amisk Gold joint venture agreement.


All of St. Eugene's newly staked claims are located adjacent to and north of the Amisk Gold Joint Venture Project and comprise approximately 10,000 hectares. Certain of the claims fall within the area of influence defined by the Amisk Gold joint venture agreement, and Claude Resources, as a 65% joint venture partner, had the right to elect to participate in certain of the newly staked claims that were subject to the area of influence. The five new claims selected by Claude comprise 1,878 hectares, are now included in the Amisk Gold Project joint venture, which now totals approximately 15,500 hectares.


The newly staked claims that do not form the Amisk Gold joint venture project are held 100% by St. Eugene and are referred to as the Amisk North Project. Although a detailed plan and budget has not yet been finalized for the 100% held Amisk North Project, St. Eugene will immediately be conducting an airborne survey.


A detailed map of the Amisk North Project is presented on St. Eugene's website >www.steugenemining.ca