Vancouver, Canada, Oct. 1st, 2008 – CanAlaska Uranium Ltd. (TSX.V — CVV) (“CanAlaska” or the “Company”) is very pleased to announce the addition of Mr. John Kowalchuk as Regional Exploration Manager to the Company’s uranium exploration team operating in Saskatchewan, Manitoba and Alberta. Based in Saskatchewan, John will oversee and direct the Company’s exploration staff from CanAlaska’s Field Office in Saskatoon.
|JOHN KOWALCHUK B.Sc., P.Geo.|
John Kowalchuk is a seasoned geologist, possessing more than 38 years of mineral exploration experience with both senior and junior mining companies working in Canada, US, Mexico and Chile. He was District Geologist for Placer Dome for over 6 years and was instrumental in the discovery of several world-class mineral deposits in Canada including the Howard’s Pass SEDEX Zn-Pb deposit on the Yukon/NWT border and the Kerr Copper Gold Deposit at Sulphurets Creek, BC.Dr Karl Schimann, CanAlaska’s Vice President of Exploration, commented: “John has an excellent skill set and reputation, and has a firm grasp of CanAlaska’s exploration programs in the Athabasca. His wide ranging experience and success with mineral exploration comes at an opportune time for CanAlaska, which, backed by its international strategic partners, is expanding its exploration programs and preparing to drill-test highly-prospective targets where it has encountered exploration success.”
President Peter Dasler, commented: “John is an excellent fit for our aggressive exploration team, and a great mentor for the group of young geologists who have performed the “legwork” for our projects over the past four years. We are very pleased to be able to add him to our team, and believe we will be more successful as a result. Our mission statement is To find one or more giant unconformity-style deposits in the Athabasca Basin, and John is the right person to help our team make this happen.
Our summer exploration programs have been very successful. We have been able to indicate long drill intersections of uranium mineralization at Fond du Lac, (25 metres @ 0.08% U3O8, and 26.18 metres @ 0.122% U3O8 and new adjacent sandstone hosted and basement targets) and we are awaiting assay results from drilling at Cree East, and field sampling at the Grease River and Poplar Projects. John’s considerable skills will further build on this success.”
Peter Dasler, M.Sc. P Geo. is the qualified technical person responsible for this news release.
About CanAlaska Uranium Ltd. — www.canalaska.com
CANALASKA URANIUM LTD. (CVV — TSX.V, CVVUF — OTCBB, DH7 — Frankfurt) is undertaking uranium exploration in nineteen 100%-owned and two optioned uranium projects in Canada’s Athabasca Basin. 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$45 million exploring its properties and has delineated multiple uranium targets. The Company’s geological expertise and high exploration profile has attracted the attention of major international strategic partners. Among others, Mitsubishi Development Pty., a subsidiary of Japanese conglomerate Mitsubishi Corporation, has undertaken to provide CanAlaska C$11 mil. in exploration funding for its West McArthur Project. Exploration of CanAlaska’s Cree East Project is also progressing under a C$19 mil. joint venture with a consortium of Korean companies led by Hanwha Corporation, and comprising Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd.
On behalf of the Board of Directors
Peter Dasler, P. Geo., President & CEO
Investor Contact: Emil Fung, Vice President, Corporate Development
Tel: +1.604.688.3211 Toll Free (North America) 1-800-667-1870 Email: [email protected]
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP#13708P 10 2.
This news release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission. Not to be construed as an offer to buy or sell securities of CanAlaska Uranium Ltd.