Mr. Cory Belyk reports

CANALASKA URANIUM LTD. ANNOUNCES BOARD CHANGE

Effective immediately, ambassador Thomas Graham Jr. has elected to retire from the board of Canalaska Uranium Ltd. and will remain connected to Canalaska with the continuing designation of chair emeritus.

Mr. Graham has been a long-standing member of Canalaska's board for almost two decades. He served on various committees throughout his tenure since 2007 and as chair from 2011 to 2024. Mr. Graham is one of the world's leading experts in nuclear non-proliferation. Mr. Graham 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 during that time. This includes the SALT, START, ABM, INF, NPT, CFE and CTBT treaties. Mr. Graham 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. He was appointed as a member of the international advisory board for the nuclear program of the United Arab Emirates in December, 2009, and was executive chairman of Lightbridge Corporation, formerly Thorium Power Ltd. (2006 to 2024), and is currently serving as chairman of the board of Mexco Energy Corp. (July, 1997, to present).

"My years with Canalaska, about two decades, were most rewarding both professionally and personally. A great company with outstanding people, most effective in pursuing their mission," said Mr. Graham.

"On behalf of the Canalaska board, I extend sincere gratitude and appreciation for the stewardship and guidance that Tom provided to the company throughout his 19 years with Canalaska. Tom's extensive board governance background and insights relating to non-proliferation were an asset to management, the company and board throughout his tenure. Friendships will endure long after his service has ended. Tom will maintain the honorary title of chair emeritus in recognition of the role he played to shape the company and its future," said Karen Lloyd, chair of Canalaska.

"Once again, I take the opportunity to thank Amb. Graham Jr. for his nearly two decades of work with Canalaska. With Tom's guidance, Canalaska has been built, maintained through challenging times and emerged stronger than ever. Canalaska's future success will be in part to Tom's effort at the board level. Thank you Tom," said Cory Belyk, chief executive officer of Canalaska.

About Canalaska Uranium Ltd.

Canalaska is a leading explorer of uranium in the Athabasca basin of Saskatchewan, Canada. With a project generator model, the company has built a large portfolio of uranium projects in the Athabasca basin. Canalaska owns numerous uranium properties, totalling approximately 500,000 hectares, with clearly defined targets in the Athabasca basin covering both basement and unconformity uranium deposit potential. The company has recently concentrated on the West McArthur high-grade uranium expansion with targets in 2024 and 2025, leading to significant success at the Pike zone. Fully financed for the 2026 drill season, Canalaska is focused on uranium deposit discovery and delineation in a safe and secure jurisdiction. The company has the right team in place with a record of discovery and projects that are located next to critical mine and mill infrastructure.

The company's head office is in Saskatoon, Sask., Canada, with a satellite office in Vancouver, B.C., Canada.

The qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, for this news release is Nathan Bridge, MSc, PGeo, vice-president of exploration for Canalaska, who has reviewed and approved its contents.

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