Mr. Peter Dasler reports

CANALASKA GRANTS OPTIONS

Canalaska Uranium Ltd. has granted incentive stock options to certain directors, officers and consultants of the company to purchase up to an aggregate of 2,475,000 common shares of the company pursuant to the company's share option plan. The options are exercisable for a period of two years at a price of 71 cents per share.

About Canalaska Uranium Ltd.

Canalaska Uranium holds interests in approximately 214,000 hectares (530,000 acres) in Canada's Athabasca basin -- the Saudi Arabia of uranium. Canalaska's strategic holdings have attracted major international mining companies. Canalaska is currently working with Cameco and Denison at two of the company's properties in the eastern Athabasca basin. Canalaska is a project generator positioned for discovery success in the world's richest uranium district. The company also holds properties prospective for nickel, copper, gold and diamonds.

We seek Safe Harbor.