News

Vancouver, British Columbia, Canada — October 12th, 2007: CanAlaska Uranium Ltd. (TSX-V: CVV) (“CanAlaska”) — Further to the Company’s July 31st, 2007 press release, CanAlaska is pleased to announce the execution of definitive agreements for investment by a Korean Consortium led by Hanwha Corporation (“Hanwha”) towards uranium exploration of CanAlaska’s Cree East Project, located in the … Korean Consortium Execute $19 Million Investment in Cree East Uranium Project

Vancouver, Canada — October 3, 2007: CanAlaska Uranium Ltd. (TSX-V: CVV) — The Company and Mega Uranium Ltd. (TSX : MGA) (“Mega”) are pleased to report that they have entered into an agreement to undertake uranium exploration on CanAlaska’s 100%-owned Poplar uranium project. The Poplar Project is situated along the Northern rim of Canada’s Athabasca … CanAlaska and Mega Uranium Sign $8 Million Agreement to Explore Poplar Uranium Project

Vancouver, Canada, September 28th, 2007 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) announces a non-brokered private placement of non-flow-through units (the “NFT Units”) at a purchase price of $0.38 per NFT Unit and flow-through units (the “FT Units”) at a purchase price of $0.47 per FT Unit for gross proceeds of up to … Non-brokered Private Placement

Vancouver, Canada, September 26th, 2007 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) announces that further to its news release of September 13, 2007, the Company has now completed its non-brokered flow-through private placement and has issued 1,111,111 units at a purchase price of $0.45 per flow-through unit for gross proceeds of $500,000. Each … Non-Brokered Private Placement Completed

Vancouver, British Columbia — Sept. 19, 2007: CanAlaska Uranium Ltd. (TSX-V: CVV) — The Company is pleased to report on the completion of detailed airborne surveys in the Grease River area, as well as an initial two and half months of ground exploration on the project following an accelerated commitment of $1.3 M to summer … CanAlaska, Uranium Prospects, and Yellowcake: Grease River Uranium Project Summary of Summer Work And Preliminary Results

Vancouver, Canada, September 13th, 2007 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) announces a non-brokered flow-through unit private placement of up to 1,111,111 units at a purchase price of $0.45 per flow-through unit for gross proceeds of up to $500,000. Each flow-through unit will consist of one flow-through common share and one-half of … Non-brokered Private Placement

Vancouver, Canada, August 30th, 2007 — CanAlaska Uranium Ltd. (CVV — TSX.V) ) (the “Company”) is pleased to report drill assay results for February-June drilling at the West McArthur project, currently under option to Mitsubishi Development Pty Ltd. Five holes for a total of 4,948 metres were drilled in 2007. West McArthur project; Mitsubishi Option … CanAlaska’s West McArthur Project Hole #10 Intersects 0.29% U3O8

Vancouver, Canada, August 23rd, 2007 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) is pleased to report the results from early season field work on its NE Wollaston Uranium project, where a new style of high grade uranium-rare earth mineralization has been discovered. The mineralization is from a near surface target within the prolifically … CanAlaska’s New High Grade Uranium-Rare Earth Target in Manitoba

Vancouver, Canada, August 21st, 2007 — CanAlaska Uranium Ltd. (CVV — TSX.V) (the “Company”) is pleased to report assays and further drill information from winter-early summer drill programs at Stewart Island in the Athabasca Basin. Stewart Island Drill program: 100% CanAlaska The Company commenced drilling shallow unconformity targets on the Lake Athabasca project south of … Perched Uranium Mineralization at Stewart Island

Vancouver, British Columbia, Canada — July 31st, 2007: CanAlaska Uranium Ltd. (TSX-V: CVV) (“CanAlaska”) — The Company is pleased to announce further details for the Cree East uranium exploration project further to the its June 25th, 2007 press release. As outlined in the original Memorandum of Understanding between CanAlaska and Hanwha Corporation (“Hanwha”), Hanwha will … Korean Consortium Finalizing Investment in Cree East Project