News

Grant of Incentive Stock Options

Vancouver, Canada, May 5th, 2010 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) announced today that pursuant to its stock option plan and subject to TSX Venture Exchange (“Exchange”) approval, the Board of Directors approved the granting of incentive stock options on April 30th, 2010 to certain officers, directors and employees of the Company Grant of Incentive Stock Options

CanAlaska Uranium Reports Preliminary Cree East Project Drilling Results

Vancouver, Canada, April 13th, 2010 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) is pleased to report preliminary information from the winter drill program at the Cree East project (“Project”). The Project is located in the southwestern region of the Athabasca Basin, Saskatchewan. Exploration at the Project is being funded by a consortium of CanAlaska Uranium Reports Preliminary Cree East Project Drilling Results

CanAlaska Uranium Drills Breccias at New Target at Collins Bay Extension

Vancouver, Canada, April 19th, 2010 – CanAlaska Uranium Ltd. (TSX.V — CVV) (“CanAlaska” or the “Company”) is pleased to report preliminary drill results from its Collins Bay Extension project, a uranium property under option from Bayswater Uranium. The Winter 2010 drilling at Collins Bay Extension was stopped on April 10th, but was able to test CanAlaska Uranium Drills Breccias at New Target at Collins Bay Extension

CanAlaska Uranium Appoints Chief Financial Officer

Vancouver, Canada, April 6th, 2010 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) is pleased to announce that Mr. Ram Ramachandran, C.A. has been appointed Chief Financial Officer. Mr. Ramachandran possesses over 25 years of financial reporting experience in a multitude of capacities. For over 10 years he has consulted extensively on financial reporting CanAlaska Uranium Appoints Chief Financial Officer

CanAlaska Uranium Sends 6th Drill to Helmer Uranium Project

Vancouver, Canada, March 22nd, 2010 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) is pleased to report that its sixth drill program is underway on its Helmer project, situated along the Northern rim of the Athabasca Basin. The drilling will test a group of strong targets along the Grease River fault, which were modeled CanAlaska Uranium Sends 6th Drill to Helmer Uranium Project

CanAlaska Uranium Receives Permits for Re-Commencement of Uranium and REE Exploration in Manitoba

Vancouver, Canada, March 17th, 2010 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) is pleased to be able to report that, after a 3-year hiatus, the Manitoba Government has completed consultation with local First Nations and has issued exploration permits for ground work and drilling on CanAlaska’s NE Wollaston Project. These permits now allow CanAlaska Uranium Receives Permits for Re-Commencement of Uranium and REE Exploration in Manitoba

CanAlaska Uranium Finds New Target – Extends Drilling at Collins Bay Extension Project and Appoints Regional Manager

Vancouver, Canada, March 1st, 2010 – CanAlaska Uranium Ltd. (TSX.V — CVV) (“CanAlaska” or the “Company”) is pleased to report that drilling is now underway on the Fife Island target on the Collins Bay Extension Project, and that additional drilling is planned for a second, large and well-defined conductivity/gravity anomaly target located due east of CanAlaska Uranium Finds New Target – Extends Drilling at Collins Bay Extension Project and Appoints Regional Manager

Change in Auditor

Vancouver, Canada, February 23rd, 2010 – CanAlaska Uranium Ltd. (TSX.V — CVV) (“CanAlaska” or the “Company”) announces that it has changed its auditor from James Stafford, Inc., Chartered Accountants (“Former Auditor”), to Deloitte & Touche LLP, Chartered Accountants (“Successor Auditor”). At the request of the Company, the Former Auditor resigned on February 3, 2010. The Change in Auditor

CanAlaska Uranium and Mitsubishi Initiate Winter Exploration on 50:50 Joint Venture

Vancouver, Canada, February 15th, 2010 – CanAlaska Uranium Ltd. (TSX.V — CVV) (“CanAlaska” or the “Company”) is pleased to announce that as at February 12th, 2010, MC Resources Canada Ltd., a wholly–owned subsidiary of Mitsubishi Corporation, completed the Cdn$11 million investment specified under the project’s option agreement and formally earned a 50% ownership interest in CanAlaska Uranium and Mitsubishi Initiate Winter Exploration on 50:50 Joint Venture

CanAlaska Uranium and Kodiak Start Drilling at McTavish Uranium Project

Vancouver, Canada, January 29th, 2010 – CanAlaska Uranium Ltd. (TSX.V — CVV) (“CanAlaska” or the “Company”) is pleased to announce that Kodiak Exploration Limited (KXL — TSX.V) (“Kodiak”) has commenced their initial drill program on the McTavish uranium project (“Project”), situated in the prolific Athabasca Basin of northern Saskatchewan. Kodiak has been granted an option CanAlaska Uranium and Kodiak Start Drilling at McTavish Uranium Project

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