Mr. Cory Belyk reports

CANALASKA EXECUTES EXPLORATION AGREEMENT WITH YA'THI NENE LANDS AND RESOURCES

Canalaska Uranium Ltd. has signed an exploration agreement with Ya'thi Nene Lands and Resources (YNLR), the office representing the Athabasca Denesuline First Nations of Hatchet Lake, Black Lake, Fond du Lac and the Northern Hamlet of Stony Rapids, and the northern settlements of Uranium City, Wollaston Lake and Camsell Portage, to strengthen their relationship.

With extensive landholdings, roughly 350,000 hectares (865,000 acres) and uranium exploration targets in Saskatchewan's Athabasca basin and the traditional lands of YNLR First Nations in Treaty 8 and Treaty 10 territories, Canalaska is dedicated to building a sustainable future for its company and the communities near which it explores. By entering into this agreement, Canalaska is demonstrating this commitment. Similarly, YNLR seeks to work collaboratively with exploration and mining companies operating within its territory. As such, this agreement is founded on YNLR's critical pillars of environmental stewardship, employment and training opportunities, social well-being, and cultural awareness and preservation. The agreement also includes provisions related to harvester compensation, contributions to YNLR's established community trust and northern businesses' contracting opportunities.

"Signing this agreement with Canalaska means that our land and traditions can be protected and that our communities' aspirations in terms of economic development can become reality. It also means that our treaty rights are respected. We welcome Canalaska's desire to engage with us in a respectful and mutually beneficial manner. We look forward to their contributions to our community trust and the contracting and employment opportunities they will bring for our northern people," said Mary Denechezhe, elder and YNLR board chair.

"As a leading explorer and generator of world-class projects in the Athabasca basin, we value the strength that working in partnership with the people who call Nuhenene home brings to our activities. In turn, by signing this agreement and engaging in respectful and meaningful ways with YNLR and their communities, we are proud to be able to contribute to their mission of protecting the land and promoting the people," said Cory Belyk, chief executive officer of 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.

The qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects for this news release is Nathan Bridge, MSc, PGeo, vice-president, exploration, for Canalaska Uranium, who has reviewed and approved its contents.

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