CanAlaska Uranium Ltd. - Gold Project Financed by New Zealand Explorer

VANCOUVER, June 10 /PRNewswire-FirstCall/ - CanAlaska Uranium Ltd. (TSX.V -
CVV) ("CanAlaska" or the "Company") is pleased to announce Glass Earth Gold
Ltd. as a new exploration partner for its Rise and Shine gold project in
Otago, New Zealand.
CanAlaska's New Zealand subsidiary, Golden Fern Resources Ltd, the pending
holder under joint venture of the mineral licence covering the Rise and Shine
shear zone, located north of Cromwell, New Zealand, has entered into an option
agreement for the sale of a 70% ownership interest in Golden Fern in return
for detailed project evaluation and exploration on the Rise and Shine project,
including 4,000 metres of drill testing on favourable gold targets. Additional
terms of the agreement include progressive cash payments of $13,000 and the
issuance of 200,000 shares in Glass Earth Ltd. to the Company over the course
of the program.
President Peter Dasler commented, "the historic New Zealand gold rushes
provided ample evidence of extensive gold mineralizing systems throughout the
country. Modern gold mines in New Zealand are capitalizing on discoveries on
unexplored ground, and CanAlaska's New Zealand property holdings cover
significant areas of historic gold-producing camps. The Company had previously
established operating partners for the Reefton gold project and, now, the
highly prospective Rise and Shine property so as to allow CanAlaska to advance
Rise and Shine and to concentrate more closely on its uranium exploration
activities in Canada'sAthabasca Basin".

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 two optioned uranium
projects in Canada'sAthabasca Basin. 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$50 million exploring its properties and has
delineated multiple uranium targets. The Company's geological expertise and
high exploration profile has attracted the attention of major international
strategic partners. Among others, Mitsubishi Development Pty Ltd, a subsidiary
of Japanese conglomerate Mitsubishi Corporation, has undertaken to provide
CanAlaska C$10 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. A Memorandum of Understanding has also recently been
executed with mining partner East Resources Inc. to commence exploration on
the NE Wollaston Project comprising a potential 100,000 metres of drill
testing.

On behalf of the Board of Directors

(signed)

Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.

The TSX Venture has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release: CUSIP # 13708P 10 2. This news release
contains certain "Forward-Looking Statements" within the meaning of Section
21E of the United States Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical fact, included herein are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time to time with the British Columbia Securities
Commission and the United States Securities & Exchange Commission.
SOURCE CanAlaska Uranium Ltd.

Emil Fung, Director & V.P. - Corp. Dev., Tel: (604) 688-3211, Email:
info@canalaska.com