Claymore/Guggenheim Strategic Opportunities Fund Announces Change to Non-Fundamental Investment Policies.

LISLE, Ill. -- Claymore/Guggenheim Strategic Opportunities Fund (NYSE: GOF) (the "Fund") announced today that the Board of Trustees of the Fund has approved a change to one of the Fund's non-fundamental investment policies. Specifically, the change allows the portfolio management team at the Fund's investment sub-adviser, Guggenheim Partners Asset Management, Inc. (the "Sub-Adviser"), the flexibility to invest up to the entire low-beta portion of the Fund's portfolio strategy in other registered investment companies, including exchange-traded funds, in an effort to enhance returns and reduce risks attributable to that portion of the strategy during certain market environments.

Effective July 10, 2008, the Fund may invest up to 30% of its total assets in investment funds that primarily hold (directly or indirectly) investments in which the Fund may invest directly, of which amount up to 20% of its total assets may be invested in investment funds that are registered as investment companies under the Investment Company Act of 1940, as amended, to the extent permitted by applicable law and related interpretations of the staff of the Securities and Exchange Commission.

The Fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing in a wide range of fixed income and other debt and senior equity securities selected from a variety of sectors and credit qualities and in common stocks and other equity securities that the Sub-Adviser believes offer attractive yield and/or capital appreciation potential, including employing a strategy of writing (selling) covered call and put options on such equities.

Guggenheim Partners Asset Management, Inc., an affiliate of Guggenheim Partners, LLC ("Guggenheim"), serves as the Fund's Sub-Adviser. Guggenheim is a diversified financial services firm with wealth management, capital markets, investment management and proprietary investing businesses, whose clients are an elite mix of individuals, family offices, endowments, foundations, insurance companies and other institutions that have entrusted Guggenheim with the supervision of more than $100 billion of assets.

Claymore Advisors, LLC (an affiliate of Claymore Securities, Inc.) serves as Investment Adviser to the Fund. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing and/or distribution on approximately $18.2 billion in assets, as of April 30, 2008. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Additional information on Claymore's closed-end funds is available at www.claymore.com/CEFs. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing.

There can be no assurance that the Fund will achieve its investment objectives. Past performance does not guarantee future results. The value of any closed-end fund will fluctuate with the value of the underlying securities. Historically, closed-end funds often trade at a discount to their net asset value. An investment in the Fund is subject to certain risks and other considerations, including, but not limited to: Below Investment-Grade Securities Risk; Senior and Second Lien Secured Loans Risk; Structured Finance Investments Risk; Mezzanine Investments Risk; Preferred Stock Risk; Convertible Securities Risk; Equity Risk; Options Risk; Real Estate Securities Risk; Personal Property Asset Companies Risk; Private Securities Risk; Private Investment Funds Risk; Inflation/Deflation Risk; Market Discount Risk; Dividend Risk; Derivative Transactions Risk; Portfolio Turnover Risk; Temporary Defensive Investments; Current Developments Risk and Foreign Securities Risk.

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.

Member FINRA/SIPC

(06/08)

NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE