CVV London Sept 06 Slide Show -...

CanAlaska Uranium Ltd.CanAlaska Uranium Ltd.

CVV: TSX CVV: TSX --V CVVUF: OTCBB DH7: FrankfurtV CVVUF: OTCBB DH7: Frankfurt

This slide show presentation 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

www.canalaska.com

Uranium ExplorationUranium ExplorationStrategic Partnership RationaleStrategic Partnership Rationale



BEST EXPLORATION BEST EXPLORATION LOCALELOCALE

ATHABASCA BASINATHABASCA BASIN

““The Saudi Arabia of UraniumThe Saudi Arabia of Uranium””



Why is the Athabasca Superior?Why is the Athabasca Superior?

•• Supplier of 25% of worldSupplier of 25% of world’’s uranium s uranium –– established established production infrastructureproduction infrastructure

•• Unique geology hosting the worldUnique geology hosting the world’’s s richestrichest and largest and largest uranium mines uranium mines –– richer than other mines by 100x richer than other mines by 100x times !!times !!

•• Vastly Vastly underunder--exploredexplored with significant potential for with significant potential for discovery of mines worth over US$30 billiondiscovery of mines worth over US$30 billion

•• Opportunity to join uranium Opportunity to join uranium ““cartelcartel”” ((Cameco & Cameco & ArevaAreva) in price) in price--maker capacitymaker capacity



Cigar LakeCigar Lake

Cigar Lake MineCigar Lake Mine(1981 Discovery)(1981 Discovery)

226.3 million lbs. U226.3 million lbs. U 33 OO 88 (87,000 (87,000 tonnes U with an average grade of tonnes U with an average grade of 20.7 % 20.7 % UU 33 OO 88 ))

McArthur RiverMcArthur River

McArthur River MineMcArthur River Mine(1987 Discovery)(1987 Discovery)

389.1 million lbs. U389.1 million lbs. U 33 OO 88 (149,600 (149,600 tonnes U with an average grade of tonnes U with an average grade of 24.3%24.3% UU 33 OO 88 ))

The WorldThe World’’s s largestlargest--richest richest Uranium MineUranium Mine

Cigar LakeCigar Lake



Athabasca Athabasca DepositsDeposits

Athabasca Deposits control the worldAthabasca Deposits control the world’’s uranium prices uranium price



Uranium ConsultantsUranium Consultants:

Dr. Karl Schimann, P. Geo.Dr. Karl Schimann, P. Geo.Vice President Vice President -- ExplorationExploration

20 year tenure with AREVA, 20 year tenure with AREVA,

More than 10 years directly in uranium exploration More than 10 years directly in uranium exploration

and mine geology in the Athabasca Basinand mine geology in the Athabasca Basin

Member of Cigar Lake discovery teamMember of Cigar Lake discovery team

• Daniel Faure – 38 years uranium exploration experience – 16 yrs. with AREVA in Athabasca Basin• John Royall, P.Eng - 40 years P.Eng with expertise in uranium exploration and development

• Bill T. Cohan, P.E. - 48 years P.E. Uranium Development Engineer, Union Carbide

• Jim Kermeen, P.Eng- 40 years P.Eng with extensive experience in Athabasca uranium exploration• Jack C. Moore, P. E - 45 years P. E Uranium Exploration Manager, Union Carbide

• Ralph Newson, P.Geo - 40 years P.Geo., with expertise in Saskatchewan uranium exploration

Exploration ExpertiseExploration Expertise



CanAlaska in AthabascaCanAlaska in Athabasca•• 20 exploration 20 exploration

projectsprojects

•• 4,200+ sq. 4,200+ sq. miles of miles of propertyproperty

•• One of the One of the BasinBasin’’s largest s largest landholderslandholders

•• Territories Territories exceed exceed Cameco & Cameco & Areva Areva combinedcombined



RECENT ATHABASCA URANIUM DISCOVERIESRECENT ATHABASCA URANIUM DISCOVERIES

MAURICE BAY 1977

MCLEAN LAKE 1980

MIDWEST LAKE 1978

CIGAR LAKE 1981

McARTHUR RIVER 1988

COLLINS BAY 1977

KEY LAKE 1975

CLUFF LAKE 1975



19852005

300 m

1,000 m

Radio Waves

“Halo” of sandstone alteration can be detected with modern surveys

“The Model”



New Targets

McArthur River McArthur River MineMine

Target IdentificationTarget Identification

1kmReducing Reducing the targetthe target



Typical Drill Core AlterationTypical Drill Core Alteration

From THISFrom THIS To THISTo THIS

Graphitic peliteGraphitic pelite Graphitic peliteGraphitic pelite

SandstoneSandstone SandstoneSandstone



Exploration SummaryExploration Summary

PROJECTMACRO

SURVEYING

Airborne / Marine

Prospecting / Mapping

Geophysics/Geochem

Holes DrilledEst.

Unconformity Depth (m)

South-East Region Arnold X X X/P P 700 - 900 Cree East X X X 1/W 250 - 800 Cree West X X X/W W 500 - 900 Hodgson X X X/P P 600 - 900 Key X X P 2/W surface - 250 McTavish X X P - 500 - 900 Moon X S W P 400 - 600 Waterbury X X X/W 6 / W 200 - 450 West McArthur X X X/W 12 / WS 650 - 900

North-East Region North East X X X P surface Kasmere X S S surfaceNorth-West Region Alberta X X X/W P 0 - 800 Athabasca X X X/W 7/W 0 - 400 Black Lake X XS S P/S 0 - 300 Camsell X S P P 0- 300 Grease River S XS S P/S surface Helmer X X X 7/S 0 - 600 Fond du Lac X S S S 0 - 400 Poplar X X X - 0 - 400

X: Completed ActivityP: Planned 2008-2009W: Planned Winter '08 ActivityS: Planned Summer '08 Activity

CANALASKA EXPLORATION PROGRESS SUMMARY (as of February 27, 2008)TARGET DELINEATION DRILL TESTING



20052005 20062006 20072007Airborne EM+Mag+Rad: (Line-km) 11,594 21,724 8,358Airborne Grav. Gradient: (Line-km) 7,005Ground geophysics: (Line-km) 158 210 1,208Marine Seismic: (Line-km) 164 650 1,403Lake sediments: (Samples) 2,821 1,260 2,160SWIR spectrometry: (Samples) 21,728 79,000 45,500Sandstone alteration: (Samples) 2,237 7,940 4,664Uranium Rock Samples: 914 490 948Soil Analyses: 317 3,320 1,990Field crews: (man-days*) 2,360 5,050 11,850*excluding geophysical contractors

Metres Drilled: 0 7,940 6,840Cum. Expl. Expenditures: (C$ mil.) $5 $13 $ 35

Aggressive ExplorationAggressive ExplorationAirborneAirborne

DrillingDrillingSediments/seismicSediments/seismic

Airborne EMAirborne EMGround resistivityGround resistivity

Marine SeismicMarine Seismic



Mitsubishi Development Pty LtdMitsubishi Development Pty Ltd#1 Japanese conglomerate#1 Japanese conglomerateGlobal leader in nuclear constructionGlobal leader in nuclear constructionLeading uranium trader to Japanese nuclear utilitiesLeading uranium trader to Japanese nuclear utilitiesCanAlaska is their CanAlaska is their FIRSTFIRST uranium exploration investmenturanium exploration investmentInvesting C$11 mil. to earn 50% interest in Investing C$11 mil. to earn 50% interest in West McArthur West McArthur projectproject

Premier Strategic PartnersPremier Strategic Partners

Consortium of premier S. Korean resource giants sponsored Consortium of premier S. Korean resource giants sponsored by Korean Ministry of Commerce, Industry & Energy (MOCIE)by Korean Ministry of Commerce, Industry & Energy (MOCIE)CanAlaska is their CanAlaska is their FIRSTFIRST uranium exploration investmenturanium exploration investmentC$19 mil. definitive agreements signed to earn 50% interest C$19 mil. definitive agreements signed to earn 50% interest in in Cree East Cree East projectproject

A sound endorsement of CanAlaska exploration expertiseA sound endorsement of CanAlaska exploration expertise

http://westgroup.biology.ed.ac.uk/pics/japanese flag.gif

http://www.enchantedlearning.com/asia/southkorea/flag/Flagbig.GIF

http://eng.kores.or.kr/index.html



•• Prime territorial holdingsPrime territorial holdings•• Strong geophysical and geotechnical expertiseStrong geophysical and geotechnical expertise•• Proven uranium exploration and mine development Proven uranium exploration and mine development

skillsskills•• Established relationships with exploration suppliersEstablished relationships with exploration suppliers•• Strong local native community supportStrong local native community support•• Diverse business and government contacts through its Diverse business and government contacts through its

Board of DirectorsBoard of Directors•• Highly entrepreneurial and internationallyHighly entrepreneurial and internationally--seasoned seasoned

management teammanagement team

Partnership ConsiderationsPartnership Considerations



ThankThankYouYou

www.canalaska.com+1.604.688.3211

Emil FungEmil Fung

V.P. Corp. DevelopmentV.P. Corp. Development

[email protected]@canalaska.com

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