CanAlaska Uranium executes drill contract for 2010 exploration

VANCOUVER, Jan. 8 /CNW/ - CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to report the signing of the first diamond drill contract for the start of the 2010 exploration season for its uranium exploration projects in the Athabasca Basin, Saskatchewan, Canada.

The Company has executed the first contract with Refined Energy Ltd. of Edmonton, Alberta for a minimum 2,000 metres and a maximum of 3,500 metres of diamond drilling. The drill contract covers two programs of drilling, one at the Collins Bay Extension project, where the company is following up on historical uranium intercepts in drill holes, and the second at the Fond Du Lac project, where the Company will be following up on the summer 2009 season drill intercept in hole FDL017 of 40.4 metres averaging 0.32% U(3)O(8). (see News Release Sept 22, 2009)

(But this is not KXL property or Joint venture,I don't think..)

About CanAlaska Uranium Ltd. - www.canalaska.com

CANALASKA URANIUM LTD. (CVV - TSX.V, CVVUF - OTCBB, DH7 - Frankfurt) is undertaking uranium exploration in twenty 100%-owned and three optioned uranium projects in Canada's Athabasca Basin - the "Saudi Arabia of Uranium". Since September 2004, the Company has aggressively acquired one of the largest land positions in the region, comprising over 2,500,000 acres (10,117 sq. km or 3,906 sq. miles). To-date, CanAlaska has expended over Cdn$60 million exploring its properties and has delineated multiple uranium targets.

CanAlaska's geological expertise and high exploration profile has attracted the attention of major international strategic partners. Among others, Japanese conglomerate Mitsubishi Corporation has undertaken to provide the Company C$11 mil. in exploration funding for its West McArthur Project. Exploration of CanAlaska's Cree East Project is also progressing under a C$19 mil. joint venture with a consortium of Korean companies led by Hanwha Corporation, and comprising Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd. Exploration recently commenced on the Poplar Project with Chinese mining partner East Resource Inc., comprising a potential 100,000 metres of drill testing. In addition, Canadian explorer Kodiak Exploration has also optioned the McTavish Project to advance exploration with the goal of attaining a 60% project interest earn-in by delineating a minimum of 35 million pounds U(3)O(8).