Company Information for CanAlaska Uranium Ltd

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Company Statement

CanAlaska Uranium Ltd. is a uranium exploration company. It holds one of the largest project portfolios in the Athabasca basin, which it is actively exploring with committed strategic partners. These include Mitsubishi Development Corp, a subsidiary of Mitsubishi Corp of Japan, and a consortium of Korean companies including Hanwha Corp, Korea Resources Corp, Korea Electric Power Corp, and SK Energy.

CanAlaska is led by President and CEO Mr. Peter Dasler, who brings to the company over 30 years of experience in exploration geology, including twenty years of geological consulting and contracting for junior and senior companies based out of Vancouver, BC. The exploration team is lead by Dr. Karl Schimann who is the V.P. of Exploration for the Company. He holds a PhD from the University of Alberta and has worked extensively in the uranium industry. Dr. Schimann previously worked for 20 years with Athabascan uranium producer AREVA (COGEMA) in both uranium and gold exploration. On the corporate side the company is led by Mr. Emil Fung V.P. of who has significant experience in the financial industry including working for Toronto Dominion Securities in the Mergers and Acquisition department and running a venture capital fund in China. 

Current Operations

Since September 2004, our Company has assembled a significant uranium exploration land position in Canada's Athabasca Basin and a competent and proven technical team. There has been a considerable amount of research done in the past on the prospective ground that our Company has acquired, and assessment reports that have been compiled and the data is e available currently. Most of this exploration dates back to the 70's and 80's and has followed the classical graphite conductor model. We are considering other targets as well, in the Basin and in the basement. Specifically, our strategy will follow a three-pronged approach:

In the East of the Basin we will explore for uranium deposits at, and below, the unconformity, similar to Cigar Lake and McArthur River, but also like the Millennium deposit, which is deeper in the basement.

In the West of the Basin we will explore an area that has seen very little or no exploration, but has the right geological environment to produce large unconformity uranium deposits.

To the North East we will explore for shear-hosted deposits similar to Eagle Point and other basement hosted unconformity-style deposits, in an area where many uranium showings were found in the late 70's, but with little subsequent exploration.

Since 2004 we have conducted extensive exploration on our properties, and have received very encouraging results. On many projects we have found high grade uranium on surface, along with REE mineralization. We have advanced most of our projects to the drilling stage and to date we have drilled almost 15,000 metres. Drilling has intersected uranium mineralization and alteration in numerous locations across our projects.

Our land position as of Oct 31 2007 is over 2 740 000 acres. Seldom does an opportunity present itself where the market demand and supply parameters, coupled with technological improvements, allow for exploration on such a considerable scale in the areas already proven to have some of the world's most promising uranium deposits. Our geological team is well equipped to take best advantage of these opportunities and we look forward to reporting on our progress over the next few months.

Geographical Spread

Saskatchewan, Alberta, Manitoba & Ontario (Canada) New Zealand (Gold)

Board of Directors and Key Management

Peter Dasler	President and CEO
Emil Fung	Vice President, Corporate Development, Director
Dr. Karl Schimann	Vice President, Exploration
Hubert Marleau	Director
Jean Luc Roy	Director
Colin Bird	Director
Amb. Thomas Graham	Director
J. L. Roy	Director
F. Petryshen	Corporate Secretary
Gord Steblin	Chief Financial Officer

Company Address 2303 West 41st Avenue Vancouver, V6M 2A3 Telephone: 604.685.1870 Facsimile: 604.685.8045 Email: info[at]canalaska.com Website: http://www.canalaska.com

Additional Address/Key Contact Business Office #1788 650 West Georgia St. Vancouver B.C. V6B 4N7 Toll Free 1.800.667.1870 Telephone: 604.688.3211 Fax: 604.688.3217

Year End April 30

Broker/Analyst Reports

17/11/06 - 30 Nov 2005: Haywood Securities - X-Report on Uranium Exploration in the Athabasca Basin

Related News

12/12/07 - CanAlaska Uranium Should Have Encouraging Exploration Results To Announce In The Coming Weeks
08/02/07 - CanAlaska Uranium Poised For What May Be A Very Successful Drilling Season.

Most Recent Statement

25/06/08 - CanAlaska Uranium Mobilizes Summer 2008 Exploration
27/05/08 - Mega and CanAlaska Define Uranium Targets at Poplar Project, Athabasca Basin, Saskatchewan
09/05/08 - CanAlaska Completes Winter Uranium Drilling
11/04/08 - CanAlaska Waterbury Lake Update
08/04/08 - CanAlaska Uranium winter drilling update
11/03/08 - CanAlaska Stakes New Rare Earth Project: 2008 Drilling Update