Advanced Uranium Explorer in the Athabasca Basin, Canada

CanAlaska Ventures Ltd

This slide show presentation 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

Advanced Uranium Explorer in the Athabasca Advanced Uranium Explorer in the Athabasca Basin, CanadaBasin, Canada

September, 2009

URANIUM AND GOLD PROJECTS FOR OPTION or JOINT VENTURE


Gold and uranium Projects for option

Athabasca Basin14 Uranium Projects

Alaska Rainbow HillGold Project

ZeballosGold Mine

Reefton New ZealandGold Project


Over 20,000 ounces of gold produced from historic Central Zeballos mineRecorded production for the mine was 20,472 ounces of gold and 14,618 ounces silver from 58,450 tons mined. The average grade of ore was 0.491 ounces of gold and 0.35 ounces of silver per ton. The Central Zeballos mine was closed in 1947 with ore reserves left in the developed workings.


Rainbow Hill GoldValdez Mining District


• Supplier of 30% of world’s uraniumSupplier of 30% of world’s uranium

• Unique geology hosting the world’s Unique geology hosting the world’s richest and largest uranium minesrichest and largest uranium mines

• Vastly under-explored with Vastly under-explored with significant potential for discovery of significant potential for discovery of mines worth over US$10 billionmines worth over US$10 billion

Uranium Projects in the Athabasca Uranium Projects in the Athabasca ??


30% of the World’s Mined Uranium

ATHABASCA BASINSASKATCHEWAN


ATHABASCA UNCONFORMITY DEPOSITS

• McArthur River235,164 tonnes of uranium at 19.60 % U

(518 million lbs at 23 % U3O8)

• Cigar Lake134,541 tonnes of uranium at 15.50 % U

(350 million lbs at 18 % U3O8)

Their values are measured in TEN’S of $ BILLIONS


McArthur River

Cigar Lake

McArthur River – 2003

436.5 million lbs. U3O8 (167,897

tonnes uranium) with an average grade of 24.7% U3O8

231.5 million lbs. U3O8 (89,100 tonnes

uranium) with an average grade of 19.0 % U3O8 Total reserves and resources are

approximately 350 million pounds U3O8

Cigar Lake Project -2006

These deposits are orders of magnitude larger and richer than most other uranium deposits world-wide.

The World’s largest-richest Uranium Mine

ATHABASCA BASIN“The Saudi Arabia of Uranium”

The Athabasca Hosts the World’s Richest Uranium Mines



CVV – TSX.VCVV – TSX.V CVVUF: OTCBBCVVUF: OTCBB DH7: FRANKFURTDH7: FRANKFURT

Long term price WILL reflect cost of production from average deposit.

Athabasca deposits have 10+X profit premium because of their unique grades.

$7 1989-2001

Uranium Price: Staying up to meet demand The Athabasca mines operated profitably throughout the 1980-2001 “Nuclear Winter”

AthabascaExtra Profits


CanAlaska in AthabascaCanAlaska in Athabasca• 24 exploration 24 exploration

projects located projects located near proven near proven depositsdeposits

• One of the Basin’s One of the Basin’s largest largest landholders with landholders with 3,900 sq. miles 3,900 sq. miles (>1mm Hectares) (>1mm Hectares) of propertyof property

• Began Began accumulating accumulating properties in properties in September 2004September 2004

11


• A good geological model

• Adequate funding

• Good land position

• A dynamic and competent team

SUCCESS IN MINERAL EXPLORATION REQUIRES

YOU!


Aggressive ExplorationAggressive ExplorationAirborneAirborne

DrillingDrillingSediments/seismicSediments/seismic

Airborne EMAirborne EMGround resistivityGround resistivity

Marine SeismicMarine Seismic

2005 2006 2007 2008

Airborne EM+Mag+Rad: (Line-km) 11,594 21,724 8,358 3,589

Airborne Grav. Gradient: (Line-km) 7,005

Ground Geophysics: (Line-km) 158 210 1,208 580

Marine Seismic: (Line-km) 164 650 1,403 1,845

Lake Sediments: (Samples) 2,821 1,260 2,160 2,462

SWIR Spectrometry: (Samples) 21,728 79,000 45,500 6,750

Sandstone Alteration: (Samples) 2,237 7,940 4,664 1,762

Uranium Rock Samples: 914 490 948 496

Soil Analyses: 317 3,320 1,990 633

Field Crews: (man-days*) 2,360 5,050 11,850 10,900 *excluding geophysical contractors

Metres Drilled: - 7,940 6,840 7,498

Cum. Exploration: (C$ mil.) $ 5 $ 13 $ 35 $ 48


19852005

300 ft

3000 ft

Radio Waves

“Plume” of Alteration-can be detected with modern surveys

“The Model”

What are we looking for..?

Strong Conductivity graphite


Clay Zone

Deposit

What it looks like: Sue deposit


McTavish Property


Mitsubishi Development Pty LtdMitsubishi Development Pty Ltd

March 2007…..$11 million of exploration funding.

Partnerships are Available with successful targetsPartnerships are Available with successful targets


December 2007…..$19 million of exploration funding.

Partnerships are Available with successful targetsPartnerships are Available with successful targets


TRAINING COURSES

HEALTH-SAFETY..FIRST RESPONDERS, FIRST AID

GIS COMPUTER MAPPING DETAIL AND EXPERTISE

FIELD OPERATIONS—CAMPS

STANDARD OPERATING PROCEEDURES:

ACCOUNTING AND REPORTING

INSURANCE AND CORPORATE GOVERNANCE

And… on top of the land position, the crews and Technical skills..We have the support of the Industry Majors because of…..

ENVIRONMENTAL AWARENESS

LOCAL COMMUNITY SUPPORT


We have a 3,900 square mile, 100% owned, land base We are using modern TECHNOLOGY We have SUCCESSFULLY defined targets DRILLING is confirming our target selection We are a significant explorer in the Athabasca

SUMMARY

Mitsubishi Development Pty LtdMitsubishi Development Pty Ltd

We can help CPC Newco develop significant projects


You are invited to visit with us and become familiar with our team and project database.

You and your investors can benefit greatly from the demand for uranium.

Thank you.

Advanced Uranium Explorer in the Athabasca Basin, Canada

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