CanAlaska Reports Fatal Accident at Cree East Project

Vancouver, Canada, February 22nd, 2011 – CanAlaska Uranium Ltd. (TSX.V — CVV) CanAlaska Uranium (“CanAlaska” or the “Company”) sincerely regrets to announce that an employee of DJ Drilling (2004) Ltd., the drill contractor for the Company on the Cree East project, was killed when the bulldozer he was driving fell through the ice into Cree Lake, SK early yesterday morning. The body of the deceased was recovered and delivered to the Coroner with the assistance of the Buffalo Narrows RCMP and field staff. President Peter Dasler is at site with CanAlaska staff assisting DJ Drilling and authorities with the current situation. The Company’s directors, management and staff extend their deepest condolences to family and friends of the deceased.

The Cree East project is a 50/50 joint venture between the Company and a consortium of Korean companies comprising Hanwha Corp., Korea Electric Power Corp. (KEPCO), Korea Resources Corp., (KORES) and SK Networks. Operations at the project have been suspended until further notice.

Peter G. Dasler. P. Geo. is the Qualified Person for this news release.

About CanAlaska Uranium

CANALASKA URANIUM LTD. (CVV — TSX.V, CVVUD — OTCBB, DH7F — Frankfurt) is undertaking uranium exploration in twenty one uranium projects in Canada’s Athabasca Basin — the “Saudi Arabia of Uranium”. Since September 2004, the Company has aggressively acquired one of the largest land positions in the region, comprising over 2,500,000 acres (10,117 sq. km or 3,906 sq. miles). To-date, CanAlaska has expended over Cdn$75 million exploring its properties and has delineated multiple uranium targets.

For more information visit www.canalaska.com

On behalf of the Board of Directors

“Peter Dasler”

Peter Dasler, P. Geo., President & CEO

Contact:
Emil Fung, Director & V.P. – Corp. Dev.
Tel: +1.604.688.3211
Email: info@canalaska.com

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.