Mr. Peter Dasler reports

CANALASKA ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND ADOPTION OF NEW STOCK OPTION PLAN

Canalaska Uranium Ltd. has released the voting results of the annual general meeting of its shareholders, held on Sept. 22, 2016.

Incumbent directors Peter Dasler, Jean Luc Roy, Ambassador Thomas Graham Jr., Victor Fern, Karl Schimann and Kathleen Townsend were re-elected as directors for the ensuing year. In addition, Deloitte LLP was reappointed as the company's auditor for the ensuing year.

The shareholders also approved the adoption of a new 10-per-cent rolling stock option plan, which is subject to acceptance by the TSX Venture Exchange. Pursuant to the terms of the new plan, the total number of option shares that may be issued under the plan, at any time, is equal to 10 per cent of the issued shares of the company. Existing options granted under the company's former fixed plan will be rolled into and governed by the terms of the new plan. At this time, there are 1,642,363 shares reserved for issuance under the new plan.

About Canalaska

Canalaska holds interests in approximately 500,000 hectares (1.2 million acres), one of the largest land positions in Canada's Athabasca basin region -- the "Saudi Arabia of uranium." Canalaska is a project generator.

We seek Safe Harbor.