Article: CanAlaska Uranium Ltd. - Initial closing of private placement.

CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") wishes to announce that further to the Company's News Release dated October 5th, 2009, the Company has closed on an initial flow-through subscription agreement and has issued a total of 1,190,000 units at a price of $0.21/unit for proceeds of $249,900. The units are subject to a hold period of four months expiring March 1, 2010. A cash payment of $12,495 and 59,500 warrants have been issued as finders fees.

As previously announced, the flow-through units will be issued at a price of $0.21 per unit. Each flow-through unit will consist of one common share of the Company and one-half of a share ...

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