Non-Brokered Private Placement
CanAlaska Uranium Ltd. (TSX.V -- CVV) ("CanAlaska" or the "Company") wishes to announce a non-brokered private placement of common shares for $472,500. The Company plans to issue 418,141 flow-through-eligible common shares at a price of $1.13 per share. The proceeds from this private placement shall be used by the Company to conduct ZTEM airborne electromagnetic geophysical surveys over its uranium exploration properties. The above private placement is subject to regulatory approval. About CanAlaska Uranium CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 -- 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 Investor Contact: Emil Fung, Vice President, Corporate Development Tel: +1.604.688.3211 Email: info@canalaska.com
Canalaska Uranium is a uranium and nickel exploration company based in Canada.
Canalaska Uranium holds various exploration projects in Australia and in Canada.
Its main exploration properties are GLITTER LAKE, VBE 1 CLAIMS, ALBERTA, HELMER, KEY LAKE, LAKE ATHABASCA, COLLINS BAY EXTENSION, WATERBURY, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, HODGSON, KASMERE, MCTAVISH, MISTY, MOON, CREE EAST PROJECT, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE and LAC ROCHER in Canada and RISE AND SHINE in New Zealand.