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17 March 2010


CanAlaska to restart uranium and rare earths exploration in Manitoba

Source: Press Release

CanAlaska Uranium Ltd. reported that, after a 3-year hiatus, the Manitoba Government has completed consultation with local First Nations and has issued exploration permits for ground work and drilling on CanAlaska's NE Wollaston Project.

These permits now allow CanAlaska to proceed to unlock the value of its previous $7 million of exploration expenditures, and entertain new partnerships for ongoing intensive exploration, in an environment where local communities are strongly supportive of the Company's efforts.

In February 2008, the Company was able to present evidence of extensive Uranium and REE mineralization in over 40 separate mineralized zones within the original permit area (See Feb 28, 2008 News Release). These samples showed high uranium content surface rock and boulder samples collected from the NE Wollaston project during 2005-2007 exploration. The project covers a large area in North East Manitoba, where the uranium rich basement rocks associated with the Athabasca Uranium deposits intermittently come to surface. This release detailed 1,440 samples from multiple zones with extensive high-grade boulder dispersion trains and surface uranium mineralization for all samples over 0.05% U(3)O(8) (1 lb/ton).

There is associated heavy rare-earth elements mineralization (REE) with many of the high uranium grades as well as molybdenum and base metal mineralization for the hundreds of samples collected from forty four separate target areas within this extensive (approx 80 km x 40 km) project land area.