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CanAlaska Uranium
Ltd. (TSX.V -- CVV) ("CanAlaska" or the "Company") is
pleased to announce the appointment to Company's Board of Directors Mr Michael Riley C.A. and the appointment of
Ambassador Thomas Graham Jr. as Chairman of the Board.
Mr. Riley is a Chartered Accountant and was an audit partner with Ernst
& Young LLP from 1985 to 2006. He is currently a director and Chair
of the Audit Committee of BC Lottery Corporation and a member of the
Board of Directors and Chair of the Audit Committee of Primero Mining Corp. He is also on the Board of
Directors of the Vancouver Symphony Society and the BCAA Road Safety
Foundation. Previously, from 1996-2003, he was a member of Board of
Directors and Treasurer of the Heart and Stroke Foundation of BC and
Yukon; and from 1997-2006 was a member of the Economic Development
Committee of the Vancouver Board of Trade. Mr
Riley has a B.Comm. (Honors) degree in
Quantitative Methods, from Concordia University and has a Graduate
Diploma in Public Accounting from McGill University.
President Peter Dasler commented "the
Board of CanAlaska is very pleased to welcome
Mr. Riley to the Company. CanAlaska has
established a very strong presence in the Athabasca Basin, with major
international joint venture partners assisting in the exploration for new
uranium deposits on the Company's properties. There is a strong
international demand for additional uranium to power new generation
nuclear reactors. This demand is expected to continue to build in the
future, notwithstanding the current nuclear power plant problems in Japan.
Mr. Riley has extensive experience in business and finance, and will be
able to significantly assist CanAlaska in the
Company's future growth. Mr. Riley will become the Chair of CanAlaska's Corporate Governance Committee, and also
act as a member of the Company's Audit Committee.
The appointment of Ambassador Thomas Graham Jr. as Chairman of the Board
is a further step in the development of the Company. Ambassador Graham
has been a strong member of CanAlaska's board
for the past four years. Ambassador Thomas Graham, Jr. is one of the
world's leading experts in nuclear non-proliferation. Amb.
Graham Jr. has served under four successive U.S. Presidents as a senior
U.S. diplomat involved in the negotiation of every major international
arms control and non-proliferation agreement for the past 35 years. This
includes the SALT, START, ABM, INF, NPT, CFE and CTBT Treaties. Amb. Graham Jr. has served with the U.S. Arms Control
and Disarmament Agency and as the Special Representative of the President
of the United States for Arms Control, Non-Proliferation, and
Disarmament, in which role he successfully led U.S. government efforts to
achieve the permanent extension of the Nuclear Non-Proliferation Treaty.
Amb. Graham Jr. has been an Independent
Director of the Company since 2007. He was appointed as a member of the
International Advisory Board for the nuclear program of the United Arab
Emirates in December, 2009 and is currently serving as both Chairman of
the Board of Mexco Energy Corporation (July
1997 - present) and as Executive Chairman of Lightbridge Corporation,
formerly Thorium Power, Ltd. (2006 - present).
President Peter Dasler commented that
"Ambassador Graham has been a strong member of CanAlaska's
board for the past four years, and with CanAlaska's
strong treasury, multiple joint ventures, and extensive land position in
the Athabasca, there is exciting potential for future partnerships. The
development of these partnerships is well overseen by Ambassador
Graham."
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 --
Frankfurt) is undertaking uranium exploration in twenty one uranium
projects in Canada's Athabasca Basin -- the "Saudi Arabia of
Uranium". Since September 2004, the Company has aggressively
acquired one of the largest land positions in the region, comprising over
2,500,000 acres (10,117 sq. km or 3,906 sq. miles). To-date, CanAlaska has expended over Cdn$75 million exploring
its properties and has delineated multiple uranium targets.
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