| | Published : June 25th, 2008 | Mobilizes Summer 2008 Exploration |
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CanAlaska Uranium Ltd.
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C V
V - TSX.V C V V U F - OTCBB DH7 - Frankfurt
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News Release
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June 25, 2008
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CanAlaska Uranium Mobilizes
Summer 2008 Exploration
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Vancouver, Canada, June
25th, 2008 -
CanAlaska Uranium Ltd. (TSX.V -- CVV) ("CanAlaska" or the
"Company") has mobilized 33 field personnel to three
uranium exploration projects on the northern rim of the Athabasca
Basin, Saskatchewan. One of these crews will shortly relocate to
commence drill operations targeting known uranium mineralization
located on the Fond du Lac Denesuline First Nation Reserve Lands.
The Company was informed yesterday of the issuance of a work permit
by INAC (Indian and Northern Affairs Canada), with consent from the band
and council of the Fond du Lac Denesuline First Nation. This permit
will allow the Company to commence exploration on the Reserve lands,
and will allow for the follow-up exploration of specific geophysical
targets generated from recent VTEM airborne surveys. Drilling will
initially target the area surrounding the Fond du Lac uranium
deposit, as well as test for structural events and mineralization
below the Athabasca unconformity. In this region, the Athabasca
unconformity is within 50 metres of surface, and uranium
mineralization is reported throughout the sandstone column.
Exploration programs have also commenced at the Grease River Project,
located North-East of the Fond du Lac settlement, and on the Poplar
Project, located due West of Fond du Lac.
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Further exploration will
be staged during the summer on the Company's Lake Athabasca Project,
and following INAC permit approval, on the Black Lake Denesuline
First Nation Reserve Lands. Final approval is also being awaited for
the commencement of a second drill program at the Cree East Project.
The Company is very pleased with current operations, and is
fully-funded for the summer work programs, through its joint ventures
and from current treasury. In July, the Company will begin preparing
additional projects for summer-fall exploration.
Peter Dasler, P.Geo. is the Technical Person responsible for
reviewing the contents of this news release.
About CanAlaska Uranium Ltd. -- www.canalaska.com
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 -- Frankfurt)
is undertaking uranium exploration in nineteen 100%-owned and two
optioned uranium projects in Canada's Athabasca Basin. 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$40 million exploring its properties and has delineated
multiple uranium targets. The Company's geological expertise and high
exploration profile has attracted the attention of major
international strategic partners. Among others, Mitsubishi
Development Pty., a subsidiary of Japanese conglomerate Mitsubishi
Corporation, has undertaken to provide CanAlaska C$11 mil. in
exploration funding for its West McArthur Project. Exploration of
CanAlaska's Cree East Project is also progressing under a C$19 mil.
joint venture with a consortium of Korean companies led by Hanwha
Corporation, and comprising Korea Electric Power Corp., Korea
Resources Corp. and SK Energy Co, Ltd.
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On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, P. Geo., President &
CEO
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Investor
Contact: Emil Fung, Vice President, Corporate Development
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Tel:
+1.604.688.3211 Toll Free (North America) 1-800-667-1870 Email: info@canalaska.com
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The TSX Venture has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release: CUSIP#13708P 10 2.
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This news release contains certain
"Forward-Looking Statements" within the meaning of Section
21E of the United States Securities Exchange Act of 1934, as amended.
All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British Columbia
Securities Commission and the United States Securities & Exchange
Commission. Not to be construed as an offer to buy or sell securities
of CanAlaska Uranium Ltd.
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Canalaska Uranium Ltd
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EXPLORATION STAGE |
CODE : CVV.V |
ISIN : CA13708P2017 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canalaska Uranium is a uranium exploration company based in Canada. Canalaska Uranium holds various exploration projects in Australia and in Canada. Its main exploration properties are GLITTER LAKE, VBE 1 CLAIMS, ALBERTA, HELMER, KEY LAKE, LAKE ATHABASCA, COLLINS BAY EXTENSION, WATERBURY, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, HODGSON, KASMERE, MCTAVISH, MISTY, MOON, CREE EAST PROJECT, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE and LAC ROCHER in Canada and RISE AND SHINE in New Zealand. Canalaska Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 15.9 millions as of today (US$ 11.6 millions, € 10.8 millions). Its stock quote reached its highest recent level on January 05, 2007 at CA$ 9.70, and its lowest recent point on October 17, 2014 at CA$ 0.08. Canalaska Uranium has 27 340 000 shares outstanding. |
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