VANCOUVER, June 2, 2011 /PRNewswire/ - CanAlaska Uranium
Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is
pleased to announce the appointment to Company's Board of Directors
Mr Michael Riley C.A. and the
appointment of Ambassador Thomas Graham
Jr. as Chairman of the Board.
Mr. Riley is a Chartered Accountant and was an
audit partner with Ernst & Young LLP from 1985 to 2006.
He is currently a director and Chair of the Audit Committee of BC
Lottery Corporation and a member of the Board of Directors and
Chair of the Audit Committee of Primero Mining Corp. He is
also on the Board of Directors of the Vancouver Symphony Society
and the BCAA Road Safety Foundation. Previously, from 1996-2003, he
was a member of Board of Directors and Treasurer of the Heart and
Stroke Foundation of BC and Yukon;
and from 1997-2006 was a member of the Economic Development
Committee of the Vancouver Board
of Trade. Mr Riley has a B.Comm. (Honors) degree in Quantitative
Methods, from Concordia University and
has a Graduate Diploma in Public Accounting from McGill University.
President Peter
Dasler commented "the Board of CanAlaska is very pleased to
welcome Mr. Riley to the Company. CanAlaska has established a very
strong presence in the Athabasca
Basin, with major international joint venture partners assisting in
the exploration for new uranium deposits on the Company's
properties. There is a strong international demand for
additional uranium to power new generation nuclear reactors.
This demand is expected to continue to build in the future,
notwithstanding the current nuclear power plant problems in
Japan. Mr. Riley has extensive
experience in business and finance, and will be able to
significantly assist CanAlaska in the Company's future
growth. Mr. Riley will become the Chair of CanAlaska's
Corporate Governance Committee, and also act as a member of the
Company's Audit Committee.
The appointment of Ambassador Thomas Graham Jr. as Chairman of the Board is a
further step in the development of the Company. Ambassador
Graham has been a strong member of CanAlaska's board for the past
four years. Ambassador Thomas Graham,
Jr. is one of the world's leading experts in nuclear
non-proliferation. Amb. Graham Jr. has served under four
successive U.S. Presidents as a senior U.S. diplomat involved in
the negotiation of every major international arms control and
non-proliferation agreement for the past 35 years. This includes
the SALT, START, ABM, INF, NPT, CFE and CTBT Treaties. Amb. Graham
Jr. has served with the U.S. Arms Control and Disarmament Agency
and as the Special Representative of the President of the United States for Arms Control,
Non-Proliferation, and Disarmament, in which role he successfully
led U.S. government efforts to achieve the permanent extension of
the Nuclear Non-Proliferation Treaty.
Amb. Graham Jr. has been an Independent Director
of the Company since 2007. He was appointed as a member of the
International Advisory Board for the nuclear program of the
United Arab Emirates in December,
2009 and is currently serving as both Chairman of the Board of
Mexco Energy Corporation (July 1997 -
present) and as Executive Chairman of Lightbridge Corporation,
formerly Thorium Power, Ltd. (2006 - present).
President Peter
Dasler commented that "Ambassador Graham has been a strong
member of CanAlaska's board for the past four years, and with
CanAlaska's strong treasury, multiple joint ventures, and extensive
land position in the Athabasca,
there is exciting potential for future partnerships. The
development of these partnerships is well overseen by Ambassador
Graham."
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF
-- OTCBB, DH7 -- Frankfurt) is
undertaking uranium exploration in twenty one 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$75 million exploring its properties and has
delineated multiple uranium targets.
For more information visit www.canalaska.com
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.