News

Drill Hole Chemistry at West McArthur Project Enhances Uranium Target

Vancouver, Canada, June 19th, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is pleased to announce assay and trace element geochemistry results for the Grid 5 winter drilling program at its West McArthur project, a 50/50 joint venture between the Company and MC Resources Canada Ltd., a subsidiary of Japan’s Mitsubishi Drill Hole Chemistry at West McArthur Project Enhances Uranium Target

CanAlaska Acquires Claims Adjacent to Manitoba Ruttan Copper Mine

Vancouver, Canada, June 7th, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is pleased to announce the acquisition by staking of two blocks of claims, totalling 11,563 ha adjacent to and northeast of the past-producing Ruttan copper mine, located near Leaf Rapids in Northern Manitoba. The 82.8 million tonne Ruttan copper-zinc CanAlaska Acquires Claims Adjacent to Manitoba Ruttan Copper Mine

ASSAY RESULTS FOR CREE EAST PROJECT SHOW MULTI-ELEMENT ALTERATION HALOS

Vancouver, Canada, May 31st, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) has now received uranium assay results and trace element geochemistry for the winter drill program on the Cree East project. As expected, the results confirm the anomalous multi-element enrichments in the large alteration zone indentified at Zone B, and ASSAY RESULTS FOR CREE EAST PROJECT SHOW MULTI-ELEMENT ALTERATION HALOS

Canalaska Uranium Geophysical Surveys Define New Uranium Drill Targets at NW Manitoba Project

Vancouver, Canada, May 11th, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is pleased to report strong geophysical responses matching geology and uranium mineralized boulders from the recent surveys within the target areas at its NW Manitoba uranium-REE project (“Project”). Exploration on the NW Manitoba Project had been suspended since 2007 Canalaska Uranium Geophysical Surveys Define New Uranium Drill Targets at NW Manitoba Project

Winter Drilling at West McArthur and Cree East Uranium Projects Hit Graphitic Target Zones and Strong Alteration Systems

Vancouver, Canada, April 13th, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is pleased to announce a preliminary summary of drilling for its two winter drill programs in the Athabasca Basin. Drilling was undertaken at both the West McArthur and Cree East projects. The West McArthur Project is a 50/50 joint Winter Drilling at West McArthur and Cree East Uranium Projects Hit Graphitic Target Zones and Strong Alteration Systems

CanAlaska Adopts Shareholder Rights Plan

Vancouver, Canada, April 11, 2012 — CanAlaska Uranium Ltd. (“CanAlaska” or the “Company”) announces that its board of directors has approved the adoption of a shareholder rights plan (the “Rights Plan”) entered into with CIBC Mellon Trust Company as rights agent, effective April 9, 2012. The Rights Plan has been adopted to ensure the fair CanAlaska Adopts Shareholder Rights Plan

Exploration Recommences at NW Manitoba Uranium-REE Project

Vancouver, Canada, March 27th, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is pleased to announce the commencement of geophysical field work on its high-potential NW Manitoba uranium-REE project (“Project”). Exploration on the NW Manitoba Project had been suspended since 2007 due to consultation meetings between the Government of Manitoba and Exploration Recommences at NW Manitoba Uranium-REE Project

Closing of Non-Brokered Private Placement

Vancouver, Canada, March 21st, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is pleased to announce that it has closed on a non-brokered private placement for a total of 1,805,000 common shares for gross proceeds of $897,910. The placement consists of 1,522,000 flow-through common shares at a price of $0.51 per Closing of Non-Brokered Private Placement

Non-brokered Private Placement

Vancouver, Canada, February 16th, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is undertaking a non-brokered private placement for up to 3,920,000 flow-through shares, together with up to 750,000 ordinary shares for gross proceeds of up to $2,321,700 (the “Offering”). Under the Offering, each flow-through share is being offered at a Non-brokered Private Placement

CanAlaska Uranium Commences 2012 Drill Programs

Vancouver, Canada, Jan. 23rd, 2012 – CanAlaska Uranium Ltd. (TSX — CVV) (“CanAlaska” or the “Company”) is carrying out two major programs totalling over 14,000 metres of drilling exploration this winter at its West McArthur and Cree East uranium projects in Canada’s Athabasca Basin. The West McArthur project is a 50/50 joint venture between the CanAlaska Uranium Commences 2012 Drill Programs

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