Vancouver, British Columbia, April 12, 2016 — CanAlaska Uranium Ltd. “the Company” (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) “the Company” is pleased to report that it has acquired eight Metallic and Industrial Mineral Permits for kimberlites in Alberta along with three additional target areas in Saskatchewan, for a total area of 81,000 hectares (202,500 acres) as shown in the attached map. All of the new acquisitions cover the western portion of the Athabasca Basin. The largest new area for exploration is immediately to the west of the claims previously staked by CanAlaska for kimberlite style targets in the western Athabasca (see NR Feb 18 2016:https://canalaska.com/s/News.asp?ReportID=740102 . The additional permits in Alberta protect the southwestern extension of the anomaly trend close to where further targets were identified by processing new geophysical data.
President Peter Dasler commented: “The Alberta lease area has previous airborne geophysical surveys which indicate that there may be further magnetic clusters in the Athabasca sandstone. There is general interest in our current targets, because of their nature, and the unknown source attributed to the anomalous Alberta KIM samples collected immediately south west of the Athabasca Basin. As mentioned previously, we have some distance to go to establish whether these targets are kimberlites and whether they contain diamonds, but we are very encouraged by the interest shown in the targets.”
In other matters the Company continues to advance discussion with third parties in relation to its multiple uranium landholdings in the Athabasca region.
The qualified technical person for this news release is Dr Karl Schimann, P. Geo, VP Exploration, for CanAlaska.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 700,000 hectares (1.7 million acres), one of the largest land positions in Canada’s Athabasca Basin region — the “Saudi Arabia of Uranium”. CanAlaska’s strategic holdings has attracted major international mining companies Cameco, KORES and KEPCO as partners at its core projects. CanAlaska is a Project Generator and is positioned for discovery success in the world’s richest uranium district. For further information, visit www.canalaska.com.
On behalf of the Board of Directors
Peter Dasler, P. Geo., President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP# 13708P 10 2.