Mr. Cory Belyk reports

CANALASKA GRANTS STOCK OPTIONS

Canalaska Uranium Ltd. has granted incentive stock options to certain directors, officers, employees and consultants of the company to purchase up to an aggregate of 2,945,000 common shares of the company pursuant to Canalaska's omnibus equity incentive plan. These options are exercisable for a period of two years at a price of 41.5 cents per share. Pursuant to TSX Venture Exchange policies, 100,000 of these options granted to an investor relations consultant will vest as to 25 per cent on each of three, six, nine and 12 months from their date of grant. All other options are fully vested.

About Canalaska Uranium Ltd.

Canalaska Uranium holds interests in approximately 350,000 hectares (865,000 acres) in Canada's Athabasca basin. 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 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 of exploration, who has reviewed and approved its contents.

We seek Safe Harbor.