Canalaska Uranium Ltd. (CVVUF)

[crookedneck]

$CVVUF must be the best kept secret in the whole damn market!

$CVVUF +700% last 6mos., yet message boards & tweets about them is almost non-existent! Doesn't make any sense to me. Anyways, I wish had found this much earlier I did take up a starter position today @ $.70 area. Even though it is up 700% this year, it has room to easily run way higher after this pullback. As a matter of fact it could become a 10 bagger again from this entry level at $.70 and soon if these early sample results show even more promise, followed by great drilling results. I may have missed the best opportunity to get the cheapest shares, but I'm sure not going to miss the 2nd opportunity that at the very least, offers a 50% return by getting back to its previous level a month ago. And I haven't even spoke about their huge uranium interest that is world class! Like I said, this has to be the best kept secret, as far as ihub message boards. Cheers!

June 22, 2016
De Beers Completes KIM Sampling at West Athabasca
http://www.canalaska.com/s/News.asp?ReportID=753000

New high-resolution airborne magnetic survey planned to define targets in preparation for drilling

Vancouver, British Columbia, June 22, 2016 -- CanAlaska Uranium Ltd. "the Company" (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) is pleased to report that De Beers' exploration team has collected over 100 samples for kimberlite indicator mineral (KIM) processing from the West Athabasca project. The samples of glacial gravels were collected from eskers within the target area.

These samples will now be processed in De Beers laboratories to establish further evidence for kimberlite intrusives associated with the magnetic anomalies staked by CanAlaska. These striking anomalies were identified from processing data from the Saskatchewan Government Geological Survey/Geological Survey of Canada airborne magnetics program carried out in 2010.



De Beers geologist collecting samples from Esker at West Athabasca

In the next few weeks, the second phase of exploration will commence for detailed magnetic mapping of staked targets, as well as any further significant features. The new high resolution airborne magnetic survey carried out by a specialized aircraft from New Zealand will define the targets in preparation for drilling.

President Peter Dasler commented, "I am very pleased with the significant attention that De Beers is giving our project. The initial reconnaissance sampling has been completed, and known targets visited. The rapid deployment of this specialized aircraft and the attention to detail with this program is very comforting. I look forward to the results of the programs, and the next steps in the exploration process."

CanAlaska and De Beers are exploring the West Athabasca project for diamonds under a staged $20.4 million Option-Participation Agreement. The project area covers 75 kimberlite-style targets staked by CanAlaska in the northwestern Athabasca Basin of Saskatchewan. De Beers may earn an interest in the project through a series of escalating exploration programs.

For more information about the Athabasca kimberlite project visit:
http://www.canalaska.com/s/AthabascaKimberliteProject.asp?ReportID=740492

About De Beers

De Beers is a member of the Anglo American Group. Established in 1888, De?Beers is the world's leading diamond company with expertise in exploration and development, mining, and marketing of diamonds. Together with its joint venture partners, De?Beers employs more than 20,000 people (directly and as contractors) across the diamond pipeline, and is the world's largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company's operating philosophy, the people of De?Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth.

For further information about the De Beers Group of Companies visit www.debeersgroup.com.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 500,000 hectares (1.2 million acres), one of the largest land positions in Canada's Athabasca Basin region -- the "Saudi Arabia of Uranium." CanAlaska's strategic holdings has attracted major international mining companies Cameco, Denison, KORES, KEPCO, and the De Beers Group of Companies. CanAlaska is a project generator and is positioned for discovery success in the world's richest uranium district. For further information, visit www.canalaska.com.
The qualified technical person for this news release is Dr Karl Schimann, P. Geo, VP Exploration, for CanAlaska.

On behalf of the Board of Directors

"Peter Dasler"

Peter Dasler, P. Geo., President & CEO

Contact:
Peter Dasler, President and CEO.
Tel: [phone] x318
Email:

John Gomez
Corporate Development
Tel: [phone]
Email:

Tom Ormsby,
Head of External & Corporate Affairs
De Beers Canada Inc.
Email:
Tel: [phone] x 2703


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