Mr. Cory Belyk reports

CANALASKA APPOINTS VICE-PRESIDENT CORPORATE DEVELOPMENT

Canalaska Uranium Ltd. has appointed Misty Urbatsch to vice-president, corporate development, of the company, effective July 10, 2023. Dramatically growing interest in critical minerals as part of a carbon-free clean-energy world has continued to accelerate the company's activities. New high-grade uranium discoveries at its West McArthur and Moon Lake South joint venture projects, continued project generation activity in the world's richest uranium district in Saskatchewan, and a district-scale Class 1 nickel portfolio in one of the world's most prolific sulphide nickel belts located in Manitoba have Canalaska ready for the next steps in its evolution.

Ms. Urbatsch brings a rare blend of experience accumulated over 15 years in the mining industry. With a robust background in a major exploration, mining and marketing company, she has acquired invaluable expertise across various facets of the metals industry, including domestic and international uranium exploration and global uranium sales, marketing and trading.

Ms. Urbatsch embarked on her professional journey at Cameco Australia Pty. Ltd., where she focused on exploring for unconformity-type uranium deposits in the renowned East Alligator River's uranium field in the Northern Territory, Australia. Additionally, she successfully led exploration programs targeting sandstone-type uranium deposits in the Frome basin in South Australia, Australia. Ms. Urbatsch transitioned to Cameco's Canadian operations in 2012, where she led exploration projects located near some of the world's richest and highest-grade uranium deposits in the esteemed Athabasca basin in Saskatchewan, Canada. After completing her MBA, Ms. Urbatsch joined Cameco's Marketing group, focusing on international uranium sales and marketing and leading the company's uranium trading operations.

Ms. Urbatsch holds a bachelor of science (2008) in geology and geography and an executive master in business administration (2019). She is a registered member of the Association of Professional Engineers and Geoscientists of Saskatchewan.

Ms. Urbatsch commented: "I sincerely acknowledge and hold in high regard the remarkable accomplishments of the Canalaska team, specifically in cultivating a world-class portfolio of uranium and nickel properties in Tier 1 jurisdictions. With utmost enthusiasm and privilege, I embrace the opportunity to join this distinguished group of highly skilled professionals. Together, we are committed to the strategic development and growth of Canalaska's assets, with the overarching objective of meeting the global demand for critical minerals for a clean energy future."

Cory Belyk, chief executive officer, commented: "I have known Misty a long time and it is a true honour to welcome her to the Canalaska executive team, where I have absolutely no doubt she will excel in this role. With our recent successes on multiple new uranium discoveries in the eastern Athabasca basin and our world-class and district-scale nickel portfolio in the Thompson nickel belt, now is the time to bring in the expertise that can help move this portfolio forward for our shareholders. Misty has the expertise we require at this critical time of evolution for Canalaska."

About Canalaska Uranium Ltd.

Canalaska Uranium holds interests in approximately 350,000 hectares (865,000 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.

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