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CanAlaska Uranium Ltd.

09:58 AM EST - CanAlaska Uranium Ltd. : has now received uranium assay results and trace element geochemistry for the winter drill program on the Cree East project. In CRE083, a 0.5-metre section of core assays 0.09% uranium (U3O8) and also contains 0.3 grams per ton. The basement of CRE086 is composed entirely of quartzite, and may represent a quartz ridge parallel to the conductor target. Drill hole CRE084, located 400 metres to the east of the main alteration zone shows only minor alteration in the sandstone, but has a number of hematized clay alteration zones deep in the basement rocks. This drill hole contains two uranium mineralized sections, 0.5 metres at 0.014 % U3O8 (464.5-465.0) and 0.5 metres at 0.010% U3O8 (598.3-598.8). CanAlaska Uranium Ltd. shares T.CVV are trading unchanged at $0.33.