Claymore/Guggenheim Strategic Opportunities Fund (the “Fund”) (NYSE: GOF) announces the appointment of Roman Friedrich III and Robert B. Karn III as Class I and Class II Trustees of the Fund, respectively.

Roman Friedrich III currently serves as Trustee for three portfolios within the Claymore Fund Complex of U.S. registered investment companies advised or serviced by Claymore Advisors, LLC or Claymore Securities, Inc. (“Claymore Fund Complex”). Mr. Friedrich is the founder of Roman Friedrich & Company which specializes in the provision of financial advisory services to corporations in the resource sector. Previously, he served as Managing Director at TD Securities; Lancaster Financial Ltd.; Wood Gundy; Burns Fry, Ltd and President of Chase Manhattan Bank (Canada) Ltd. In addition to his service to three portfolios within the Claymore Fund Complex, Mr. Friedrich serves as a Director of Zincore Metals, Inc. and GFM Resources Ltd. Additionally, Mr. Friedrich serves on the Investment Review Committee or Advisory Board of two Claymore Canadian closed-end funds and 28 Claymore Canadian exchange-traded funds.

Robert B. Karn III currently serves as Trustee for three portfolios within the Claymore Fund Complex. Previously, he served as a Managing Partner, Financial and Economic Consulting, in the St. Louis office of Arthur Anderson, LLP. In addition to his service to three portfolios within the Claymore Fund Complex, Mr. Karn serves as a Director of Peabody Energy Company, GP Natural Resource Partners LLC and Kennedy Capital Management, Inc.

Guggenheim Partners Asset Management (“GPAM”), a wholly-owned subsidiary of Guggenheim Partners, LLC, serves as Investment Sub-Adviser to the Fund. GPAM is an investment manager specializing in innovative investment strategies that aim to add alpha relative to benchmarks in both up and down markets. GPAM's investment philosophy is predicated upon the belief that thorough research and independent thought are rewarded with performance that has the potential to outperform benchmark indexes with both lower volatility and lower correlation of returns over time as compared to such benchmark indexes. GPAM manages more than $50 billion in investments for foundations, insurance companies and other institutions.