CANALASKA URANIUM LTD - CVVUF STOCK NEWS

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) announces the results of the Falcon Airborne Gravity Gradiometer survey on its Geikie uranium project, highlighting numerous targets coincident with regional fault structures and mineralization. The survey successfully identified gravity low targets interpreted to be related to alteration zones caused by fluids potentially related to mineralizing events. A winter drilling program is planned for Q1 2024. The Geikie project is currently being sole-funded by Basin Energy Limited (ASX: BSN) under an option earn-in agreement with the Company.

CanAlaska Uranium Ltd. successfully completed the summer 2023 drilling program at its West McArthur project, confirming high-grade basement mineralization and extending the mineralization over 160 meters along the controlling fault structures. The company also identified priority target areas for future exploration, indicating significant potential for unconformity-related mineralization at Pike Zone and along the C10 South corridor.

CanAlaska Uranium Ltd. has signed an agreement with Nickelex Resource Corporation to allow Nickelex to earn up to 80% interest in four of CanAlaska's north Thompson Nickel Belt projects in Manitoba, Canada. Nickelex can earn the interest by undertaking work and payments in three defined earn-in stages. The Project covers a total area of 30,283 hectares and is located 30 kilometers from Vale's Thompson Nickel Operations in Manitoba. CanAlaska will be the operator of the Project during Stage 1 and Stage 2 of the option agreement.

CanAlaska Uranium signs exploration agreement with Ya'thi Néné Lands and Resources to strengthen their relationship and promote sustainable development in the Athabasca Basin.

CanAlaska Uranium confirms uranium enrichment in multiple drillholes in the Geikie project, with notable results including 0.5m @ 0.27% U3O8 in drillhole GKI002. The program focused on a 15-km-long conductor system. The company plans to refine the exploration model and conduct further drill testing in the high-priority Preston Creek target area. The Falcon Airborne Gravity Gradiometer survey has been completed, and results will be used to validate existing targets and generate additional targets for future drill programs.

CanAlaska Uranium announces mobilization of crews for supplemental exploration drilling program at Moon Lake South project. Winter drill program results show high-grade uranium mineralization. Supplemental program expected to consist of 4 to 8 drillholes for a total of up to 4,400 metres. Mineralization remains open in multiple directions. CEO cites rare mineralization magnitude and climbing uranium price as significant opportunity for shareholders.

CanAlaska Uranium announces acquisition of Constellation project in Athabasca Basin

CanAlaska Uranium Ltd. confirms uranium enrichment in drillholes KEY007 and KEY010 at the Key Extension project, indicating potential for uranium-bearing hydrothermal fluids. The company believes more than 16 kilometers of untested target corridor have been identified for future drill testing.

CanAlaska Uranium Ltd. has commenced a detailed fixed-wing Falcon Airborne Gravity Gradiometer (AGG) survey on its Geikie uranium project. The survey consists of 1,838 line-kilometres of airborne surveying at 200 m spacing across the majority of the Geikie project. The purpose of the survey is to identify potential target areas of enhanced basement alteration associated with previously interpreted and drill defined structural corridors. Results from the recent drill program confirmed the presence of hydrothermal alteration systems and elevated radioactivity, indicating the potential for high-grade uranium deposits. The AGG survey is expected to refine future drill targets and generate additional targets for future drill programs. The AGG survey is being conducted by Xcalibur Multiphysics. The Geikie project is currently being sole-funded by Basin Energy Limited.