CanAlaska Uranium - Positioned for Success in a Strengthening Uranium Market

• CanAlaska Uranium is a junior uranium exploration company located in the Athabasca Basin, known for its high-grade uranium deposits.
• CEO Cory Belyk, discussed their ongoing drilling activities and their focus on filling the production front end with discoveries.
• The company employs a portfolio approach, actively exploring and generating projects to build value for shareholders.
• They have successful drilling projects, including the Pike Zone discovery and Moon Lake South, and plan to have three drills operating in the next few months.
• The uranium market is experiencing growth due to increasing demand, especially for small modular reactors (SMR's), but there is concern about the supply shortage, making the situation different from previous market cycles.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV) is a junior uranium exploration company focused on project generation and exploration in the Athabasca Basin region of Saskatchewan, Canada. The Athabasca Basin is considered one of the premier uranium districts globally, accounting for the highest-grade uranium deposits in the world.

Interview with President & Chief Executive Officer, Cory Belyk

CanAlaska's West McArthur project, operated in joint venture with Cameco, has seen a recent high-grade uranium discovery at the Pike Zone. Two drills are currently operating at West McArthur, focused on expanding the Pike Zone and testing nearby targets. The mineralized system has strong similarities to Cameco's prolific McArthur River mine, located just 10km away. Further exploration success could fast-track West McArthur as Cameco's next potential production asset.

A second new discovery was made this year at the Moon Lake South JV project, operated by Denison Mines. CanAlaska owns 25% of the Moon Lake South project. Maiden drilling is slated to resume shortly. Further exploration success could attract additional investment from project partner Denison.

The uranium market fundamentals appear significantly stronger than previous cycles, underpinned by growing demand and constrained primary supply. Small modular nuclear reactors could greatly expand the addressable market for uranium, but this demand is not yet factored into market projections. Security of uranium supply has become an increasing concern, especially amid recent geopolitical tensions involving key producing regions. The supply-demand imbalance could drive a prolonged bull market in uranium over the next decade. New high-grade discoveries will be needed to meet rising demand requirements.

Advancing a Large Project Portfolio

CanAlaska has extensive expertise in uranium exploration and project generation. Over the past two decades, the company has accumulated a sizeable portfolio of uranium projects in the Athabasca Basin and other regions.

The portfolio currently stands at 21 projects covering over 850,000 acres of prospective exploration ground. CanAlaska's properties are concentrated in the eastern and central Athabasca Basin, with additional projects in Manitoba, Quebec and British Columbia.

The large project portfolio provides CanAlaska with tremendous upside exposure to new uranium discoveries. The company actively works to advance projects while minimizing equity dilution through partnerships with major mining companies and strategic investors. Recent partnerships at West McArthur (Cameco) and Moon Lake South (Denison) have proven successful in unlocking discovery potential and attracting exploration investment at those projects.

Project Generation & Exploration Progress

CanAlaska utilizes a combination of project generation and targeted exploration activities to drive value growth across its extensive project portfolio.

The company's skilled technical team specializes in early-stage project generation, including evaluation of geological datasets to pinpoint areas of interest, initial ground reconnaissance and geophysical surveys, staking of prospective land areas, and preliminary drilling to gather first-pass data. This work generates a steady pipeline of new projects for the exploration portfolio. Only the highest priority opportunities are advanced further with CanAlaska as the operator.

Additional projects are offered for partnership to maximize exploration activity across the company's extensive land holdings.

CanAlaska focuses internal exploration efforts on its highest priority projects and targets, aiming to achieve key de-risking milestones and exploration success. Recent exploration highlights include ongoing drilling at West McArthur that has expanded the new Pike Zone discovery, with mineralization now traced over 160m strike length and open in multiple directions. At the Cree East project, the company completed a 10-hole summer drill campaign, with results pending. A new discovery was also made with the first few holes at the Moon Lake South JV project, with follow-up drilling planned.

By concentrating exploration at key projects while utilizing partnerships elsewhere, CanAlaska achieves substantial results without excessive equity dilution.

Positioned for Success in a Strengthening Uranium Market

With a large project portfolio and proven exploration successes, CanAlaska Uranium is well positioned to capitalize on the improving uranium supply-demand fundamentals. As uranium prices continue strengthening, CanAlaska offers torque to a rising market alongside near-term catalysts from ongoing exploration activities. The company's joint ventures also provide opportunities for carried funding as projects advance.

For investors seeking leveraged upside exposure to new uranium discoveries needed to fuel the nuclear industry's growing global reactor fleet, CanAlaska Uranium presents a compelling investment opportunity.

Conclusion

CanAlaska Uranium offers investors exposure to a portfolio of 21 uranium projects in top mining jurisdictions, near-term exploration catalysts from active drilling at multiple projects, and discoveries poised to feed directly into aligned strategic partners. The company has proven project generation expertise continually replenishing the pipeline. CanAlaska allows participation in strengthening long-term uranium market fundamentals. As a proven project generator with strategic partners, CanAlaska is ideally positioned to achieve the next major uranium discovery. Its combination of vast exploration upside and focused execution presents a compelling opportunity in the uranium sector.