Uranium exploration in the Canadian "Saudi Arabia"

INDUSTRIAL METALS, MINERALS
AND MINEABLE ENERGY
INVESTMENT SUMMIT 2010
LONDON CHAMBER OF COMMERCE & INDUSTRY ● WEDNESDAY, 30 NOV 2010
www.ObjectiveCapitalConferences.com
Uranium exploration in the
Canadian "Saudi Arabia"
Peter Dasler – CEO, CanAlaska Uranium

3TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Disclaimer
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

Highlights
 Possesses one of the largest Uranium exploration portfolios in
the Athabasca Basin - 10,000+ sq km of property
 21 exploration projects, located near proven deposits
 $75 million spent on detailing and preparing targets
 Significant completed exploration with positive results
• Six exploration seasons of intense target definition
• Joint Venture funding totalling $42 million on 5 out of 21
projects
 Strong First Nations involvement
 Proven Management team
• Head of exploration co-discovered Cigar Lake and
managed Cogema (Areva) operations
• Experienced Uranium crews .. up to 100 active in field
2005-10

Share Structure
Share Price CDN$ 0.09
Shares Outstanding 171,916,213
(Note 10:1 Share
consolidation 8/11/10)
Shares Fully Diluted 215,482,184
Market Capitalization CDN$ 15.5 million
Cash Position CDN$ 6.0 million

Team
 Peter Dasler, M.Sc. P.Geo, President and CEO, over 35 years of experience in exploration
geology, including 20 years of consulting for junior and senior companies.
 Mr. Ram Ramachandran, C.A., CFO, over 25 years of financial reporting experience in a
multitude of capacities.
 Mr. Emil Fung, M.B.A., VP - Corporate Development , has raised over $50 million for
CanAlaska by forming exploration ventures with international strategic partners from Japan,
Korea, U.K. and China.
 Dr. Karl Schimann, PhD., P. Geo., VP - Exploration, 20 years with COGEMA, on discovery
team for first giant uranium deposit at Cigar Lake
 Mr. Grant Nimeck, B.Sc., P.Geoph., Regional Operations Manager , 20 years
operational and geophysical experience in the Athabasca region
6

Board of Directors
 Peter Dasler
 Victor Fern
 Emil Fung
 Fmr. U.S. Ambassador Thomas Graham
 Hubert Marleau
 Jean Luc Roy
Board of Advisors
 Daniel Faure
 Nana Lampton
Board Members

Partnerships

Partnerships
 Mitsubishi Corporation: Joint Venture co-funding 5 year Plan; provides basis for multiple discoveries
 Korean Uranium Consortium: $19 million of Korean funding (December 2007)
 MOU for Extensive Chinese Funding: 100,000 metres of drilling planned for Poplar Project (August
2009)
 Mega uranium Ltd.: $2.3 of $8 million of exploration funding – Poplar Project (December 2007)
 Yellowcake Plc: $1.8 million of $5 million of exploration – Grease River Project (April 2007)
 First Nations: Exploration on Reserve Lands. 1,000,000 lbs U3O8 (December 2006), New discovery
and 40 metres @ 0.32% U3O8 (September 2009)
 Westcan Uranium: $2 million of exploration funding – Key Lake Project and $2 million of exploration
funding – Cree West Project (March 2006). $4million of funding Grease River (August 2010)
 Kodiak Exploration: $6 million of exploration funding – McTavish Project (August 2009)

Properties Location
CanAlaska’s Uranium projects
in the Athabasca Basin

Why Explore Athabasca?
 The Athabasca Basin hosts the world’s
richest uranium mines
 Supplier of 20% of world’s uranium
 Unique geology, stable jurisdiction
 High grades assures extremely profitable
mining operations and weather all
economic cycles
 Rich history: Athabasca mines were
profitable throughout the 1980-2001
“Nuclear Winter”

Athabasca’s Uranium

Athabasca Uranium
Current Price (spot) $51.52
This is 7.5 X the 2001 price!
Uranium Price: Staying up to meet demand
 Long term price will reflect cost of production from average deposit
 Athabasca deposits are strategic and profitable due to ultra high grades

What Does a Uranium Deposit
Look Like? Areva’s “Sue”
Deposit
ORE ZONE
20 metre fault
Clay Zone
 The uranium zones are small and rich, but the have a large alteration halo
DISCOVERY PROCESS:
 Airborne Survey’s finds the halo
 Multiple holes drilled across the target find the narrow mineralized fault zones

“The Model”

Projects
Athabasca Basin
Arnold Fond Du Lac McTavish
Black Lake Grease River Misty
Camsell Helmer Moon
Carswell Hodgson NE Wollaston
Cree East Kasmere Poplar
Cree West Key Lake Waterbury
Collins Bay West
McArthur

West McArthur Project
 Surveys are discovering new targets near rich
uranium mines
 During February and March 2010, Mitsubishi and
CanAlaska completed a 6,071 m drill campaign into
the alteration systems associated with these
targets. Drilling continues in 2011
 Multiple large targets are located across the project
 Strong history of rich deposits:
 2003 – 436.5 million lbs. U3O8 (167,897
tonnes uranium) with an average grade of
24.7% U3O8 at nearby McArthur Mine
 These deposits are orders-of-magnitude larger and
richer than most other uranium deposits world-
wide

Cree East Project
 During February and March 2010, CanAlaska
drilled 14 further holes into the alteration
systems associated with these targets
 Multiple targets proved positive
first drill results
 Drilling continued throughout Summer 2010
Twenty four holes/ 9,000 metres
 We have had 2 drills operating at Cree East,
concentrating on Zones A, G and H
 We have “closed in” on the targets of
interest. Drilling will resume in January 2011

Cree East Project

Cree East Project
Scale of known mines transposed to exploration targets at Cree East
This is a large
area with potential
for many
productive targets
ZONE G

Fond Du Lac Project
CanAlaska’s drilling is discovering NEW uranium zones
Fond du Lac Deposit
A partnership with a
local community
Hole FLC 017
40.2 metres @ 0.32% U3O8

2010 Drilling Program
 January-May 2011 five drill projects
 45 planned drill holes by May 2011
 Minimum Nov-April expenditure of $7.5
Mil. on 4 projects ($2.3 Mil. net CVV)
 2011 Budget est $10-15 Mil.
 Further potential partners reviewing
projects
2011 Drilling is Spread Over Five Projects
With Winter and Summer Programs
Drilling 2011

Other Projects
 Fond du Lac: covers the area of the Fond du Lac Denesuline First Nation territory,
located on the eastern end of Lake Athabasca. The project area is contiguous with
CanAlaska's Poplar and Helmer projects, and contains an identified one million pound
(historical non-compliant) uranium resource. New 43-101 completed for filing
 NE Wollaston: straddles the border of northeast Saskatchewan and northwest
Manitoba, 70 km north of Reindeer Lake. Multiple hi-grade uranium surface boulders.
Permits issued for drilling
 Grease River: 15 claims, located 50 km north west of the community of Black Lake.
Large uranium target in granite ready for drilling by partner
 Hodgson: 7 contiguous claims totaling 30,262 ha is located in the east central part of the
Athabasca basin 27 km northwest of the McArthur River mine and 21 km west of the
Cigar Lake deposit

Other Projects
 Moon: 2 mineral claims covering 4,280 ha lying approximately midway between
the McArthur River and Key Lake mines. The claim block is approximately 8 km
east-southeast of the Millenium uranium deposit and due west of the newly-
discovered Phoenix Zone on Denison’s Wheeler River project
 Poplar: located on eastern arm of Lake Athabasca to the southeast of Uranium
City contiguous with CanAlaska's Athabasca, Helmer and Fond Du Lac Projects.
CanAlaska Uranium has a memorandum of understanding for the exploration of
the Poplar project with East Resources Inc., China
 Waterbury: 3 separate groups of claims located 12 km east from the Cigar Lake
Deposit and 10 km south of the Midwest mine
 Collins Bay Extension: Strategic project located on Rabbit Lake fault zone. New
target defined east of operating mines. Seismic surveys completed summer 2010

Other Projects
 Kasmere: adjacent to NE Wollaston Project providing the Company with contiguous
property holdings along the entire length of the prospective Wollaston Belt in
Manitoba
 Key Lake: 3 separate, relatively small claim blocks, one 10 km ENE of the Key Lake
Mine and the other two overlying basement rocks respectively 8 km SW and 12 km
W of the Key Lake
 Lake Athabasca: large project covers a section of Lake Athabasca southwest of the
formerly producing Uranium City area, where former mine production was some 65
million pounds U3O8. The property includes both the lake and islands
 Helmer: located on the southern shore of Lake Athabasca, 12 km west of Fond du
Lac on the central northern edge of the Athabasca basin

Other Projects
 Alberta: 20 km x 90 km block comprising of 13 contiguous permits totaling 97,147 ha
covering most of the Alberta portion of Lake Athabasca
 Arnold: contiguous block of 5 mineral claims totaling 24,285 ha located 30 km west of
the McArthur River mine and 30 to 50 km north of the south rim of the Athabasca basin
 Black Lake : located on the northern rim of the Athabasca Basin in Saskatchewan and
covers 40,845 ha. The Black Lake project is the result of an Agreement with the Black
Lake First Nation. Project host old producing uranium mine
 Cluff Lake : a very large land position surrounding and on the west side of the Cluff
Lake Dome, just north of the new uranium deposits at Shea Creek. Airborne surveys
completed and 43-101 compilation report complete

Future Growth
 Aggressive Exploration through:
• Airborne EM
• Drilling
• Sediments/Seismic
• Ground Resistivity
 Focus in 2011 is drilling on our targets
• Est. min 25,000 metres
 Partnerships with 16 of our Projects
• JV funding totals $42
Million on 5 of 21 projects

Summary
 One of the largest landholders in the world’s most
attractive uranium camp.
Rivals the holdings of Cameco and Areva - COMBINED
 Proven exploration team supporting Management
Head of exploration co-discovered Cigar Lake.. and
Managed Cogema (Areva) Operations
 Experienced uranium crews of up to 100 active in field
in 2005-2010
 Significant exploration already completed with positive results
Sponsorship by Mitsubishi Development Pty. Ltd./Korean
Consortium
6 seasons of intense target definition…. $75 million expended
Joint Venture funding totals $42 Million, (on 5 of 21 projects)
Strong First Nations involvement

AND NOW THE OTHER SIDE OF THE MARKET FOR URANIUM SUPPLY…..
MANUFACTURING AND GDP GROWTH
The Athabasca uranium deposits are located in a favourable and stable regime
where long-term supply of product is assured. This then backs the guarantee of
modern reactor “build and supply” contracts, and strongly supports, and enhances
the value, of the bids by the manufacturers of nuclear reactors.
The manufacture and supply of nuclear power plants will be a major contributor to
future economic growth in supply nations…..

THERE IS GROWTH IN THE DEMAND FOR NUCLEAR REACTORS
AND THIS MEANS STRONG MANUFACTURING DEMAND FOR PLANT BUILDERS

COMPARITIVE MANUFACTURING VALUATION
2 Reactors with maintenance
And with fuel US $20 Billion…
France, Russia, (USA?)
without fuel… Say <<<? Billion
Korea, Japan, China
} X 100!!
US $200 Million
This is the same as…
Boeing 787
OR
Countries building reactors will maintain
a strong manufacturing base. Manufacturers
with uranium supply will have larger profits,
and have a bigger advantage in the market

Properties Location
CanAlaska’s Uranium projects in the
Athabasca Basin of Canada provide
long term uranium supply options

Contacts
CanAlaska Uranium Ltd.
Contact: Emil Fung
V.P. Corporate Development
+1.604.688.3211 ext 318
efung@canalaska.com
CHF Investor Relations
Robin Cook
Senior Account Manager
(T) 416 868 1079
Email: robin@chfir.com
www.chfir.com

Uranium exploration in the Canadian "Saudi Arabia"

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