CanAlaska Uranium Ltd. announced changes to the Company's senior management team, board of directors and investor relations services. Mr. Peter Dasler, in 2004, positioned CanAlaska, (then CanAlaska Ventures Ltd.), to become a significant presence in the field of Canadian uranium exploration by staking mineral claims in the most favorable districts of Canada's Athabasca Basin, home to the world's largest-richest uranium mines. He has since assembled an expert geological team that has enabled CanAlaska to carry out extensive exploration programs and advance multiple uranium projects towards discovery, including the recent Pike Zone and 42 Zone discoveries on the West McArthur project near the giant McArthur River mine.

Mr. Dasler was instrumental in maximizing periods of growth for the Company and weathering significant market downturns by strategically bringing in outside investment to CanAlaska's uranium portfolio from major industry players like Kepco, Kores, Mitsubishi, De Beers, Cameco and Denison Mines. These partnerships have ultimately led to multiple discoveries, the most significant of which is the Pike Zone on the West McArthur project. With his vision of a carbon free future, Mr. Dasler also led the Company toward assembly of a district-scale sulphide nickel portfolio second only to Vale in size in the Thompson Nickel Belt of Manitoba, the fifth largest nickel belt in the world.

Through this leadership, CanAlaska and its shareholders are well positioned to take advantage of future demand for clean energy and storage and delivery of that clean energy to end-users. Mr. Dasler has resigned his role as President and will remain as a non-executive director of CanAlaska. Dr. Karl Schimann's extensive experience is in mineral exploration.

His career in exploration geology spans over 50 years and across three continents. He has participated in significant discoveries for uranium and base metals and has also led exploration and mining initiatives for gold and diamonds. Between 1977 and 1997, Dr. Schimann was employed by French uranium giant AREVA (previously COGEMA) as a Senior Geologist and Project Manager, where he was a key member of the team that undertook the discovery and development of the massive Cigar Lake uranium mine.

In total, he spent twenty years with AREVA, ten of which were based in Canada's Athabasca Basin, home to the world's largest and richest uranium mines. Dr. Schimann joined CanAlaska in 2004, returning to Canada to immerse himself in a fresh challenge towards the discovery of yet another world-class uranium mine. Dr. Schimann played an integral role in development of CanAlaska's large uranium and nickel project portfolios through application of industry leading ore deposit knowledge based on many years' experience, specifically in the uranium sector.

Dr. Schimann led the application of new technology to help push the envelope of information gain from each exploration program ultimately allowing the Company to attract major outside investment and make uranium discoveries such as the Pike Zone and 42 Zone on the West McArthur project. Dr. Schimann has resigned his role as Director and will remain as a Geological Consultant to CanAlaska. Cory Belyk, CEO and Executive Vice-President of the Company, has been appointed to the Board of Directors effective December 31, 2022.