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.

Claymore Advisors, LLC (an affiliate of Claymore Securities, Inc.) serves as Investment Adviser to the Fund. Claymore Securities, Inc. offers strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Claymore often leads its peers with creative investment strategy solutions. In total, Claymore entities provide supervision, management, or servicing on approximately $15.3 billion in assets as of June 30, 2010. Claymore Securities, Inc. is a wholly-owned subsidiary of Guggenheim Partners, LLC, a global, diversified financial services firm with more than $100 billion in assets under supervision. Guggenheim, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia. For more information regarding the Funds, please visit

There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Income Risk, Income Securities Risk, Below-Investment Grade Securities Risk, Common Equity Securities Risk, Investment Funds Risk, Foreign Securities Risk, Emerging Markets Risk, Dividend Risk, Senior Loans Risk, Second Lien Loans Risk, Mezzanine Investments Risk, Convertible Securities Risk, Preferred Stock Risks, Structured Finance Investments Risk, Foreign Currency Risk, Risks Associated with the Fund’s Covered Call Option Strategy, Risks of Real Property Asset Companies, Risks of Personal Property Asset Companies, Private Securities Risk, Private Investment Funds Risk, Affiliated Investment Funds Risk, Synthetic Investments Risk, Inflation/Deflation Risk, Market Discount Risk, Financial Leverage Risk, Derivative Transactions Risks, Portfolio Turnover Risk, and Current Developments Risks.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.

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