Mr. Geoff Balderson reports

CANADIAN URANIUM APPOINTS MICHAEL WILLIAMS AS EXECUTIVE CHAIRMAN

Canadian Uranium Corp.'s board of director, Michael Williams, has accepted the role as chairman of the board of directors, effective immediately.

Mr. Williams brings over 30 years of senior leadership experience within the junior mining sector, with a proven record of building and advancing successful resource companies. He is also a co-founder and executive chairman of Vortex Metals.

Throughout his career, Mr. Williams has played a key role in the formation, financing and growth of multiple companies listed on the Toronto Stock Exchange. In addition to his leadership position at Vortex Metals, he is the founder and executive chairman of Aftermath Silver Ltd., a publicly traded company with a market capitalization exceeding $250-million. He has also served as executive chairman for a number of other public resource companies, including Underworld Resources Ltd., which was acquired by Kinross Gold Corp. in 2010 for approximately $138-million.

Over the course of his career, Mr. Williams has established a broad international network across the banking and investment communities, encompassing both institutional and retail investors. These relationships have enabled him to successfully secure substantial funding for exploration and development projects in multiple jurisdictions around the world.

Michael Williams, executive chairman of Canadian Uranium, stated:

"I am very pleased to take on the role of executive chair of Canadian Uranium Corp. I have developed a strong conviction in the uranium sector and believe we are entering a period of significant opportunity for companies with the right assets, strategy and management team. I believe in the vision we have established for CANU and look forward to working closely with the team to build a leading uranium-focused company and create long-term value for our shareholders."

Geoff Balderson, chief financial officer of Canadian Uranium, stated:

"We are very pleased to welcome Michael into the role of executive chair. Michael brings decades of experience building, financing and advancing successful public resource companies, together with an extensive network across the investment and mining communities. His leadership and belief in the uranium sector will be an important addition as CANU continues to execute on its strategy and pursue the significant opportunities we see ahead."

We seek Safe Harbor.