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CanAlaska Announces Senior Management Change Misty Urbatsch, Vice-President Corporate Development, Resigns Position to Focus on Core Nickel Corp Appointed to Advisory Board of CanAlaska

Management Changes

CanAlaska Announces Senior Management

Change

Misty Urbatsch, Vice-President Corporate Development, Resigns Position to Focus on Core

Nickel Corp

Appointed to Advisory Board of CanAlaska

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2023) -

CanAlaska Uranium Ltd.

(TSXV: CVV) (OTCQX: CVVUF) (FSE:

DH7)

("

CanAlaska

" or the "

Company

") is pleased to

announce changes to the Company's senior management team and advisory board. Misty Urbatsch has

resigned her position as Vice-President Corporate Development for the Company and has subsequently

been appointed to the Advisory Board of the Company.

Misty brought a rare blend of experience in the mining industry. With a robust background in a major

exploration, mining and marketing company, she has provided invaluable expertise to the Company

including domestic and international uranium exploration and global uranium sales, marketing, and

trading. In addition, Misty successfully led completion of the Core Nickel Corp. spin-out from CanAlaska

in November.

Misty Urbatsch

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/2864/189799_b8b82529f4131bf4_001full.jpg

The Company is pleased to add Misty to the Advisory Board of CanAlaska as we enter the next uranium

bull market. Her incredible skillset developed over fifteen years at Cameco in uranium exploration and

marketing departments will help CanAlaska and its shareholders maximize value in the near term and

long term.

Through this management change, Misty will be able to focus her time as Chief Executive Officer,

President and Director for newly formed Core Nickel Corp.

Core Nickel CEO, Misty Urbatsch, comments,

"Working with the CanAlaska team over the past several

months has been an absolute pleasure. Together, we have tackled various projects, including the

spin-out of Core Nickel Corp. As I transition into my new role as an advisor to the Board of CanAlaska,

I am thrilled to continue utilizing my many years of experience in the uranium sector to support the

Company's growth and success."

CanAlaska CEO, Cory Belyk, comments,

"Over the past several months, it has been a pleasure

working closely with Misty to complete the Core Nickel spin-out transaction for our shareholders.

Having her continue her journey as Core Nickel CEO will provide incredible opportunity for our

shareholders to realize additional value from this nickel spin-out transaction. As a newly appointed

advisor to the Board of CanAlaska, Misty will continue to help maximize growth potential for

CanAlaska in the Athabasca Basin."

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) holds interests in approximately

350,000 hectares (865,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium."

CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is

currently working with Cameco and Denison at two of the Company's properties in the Eastern

Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's

richest uranium district. The Company also holds properties prospective for nickel, copper, and

diamonds. For further information visit

www.canalaska.com

.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for

this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium

Ltd., who has reviewed and approved its contents.

On behalf of the Board of Directors

"Cory Belyk"

Cory Belyk, P.Geo., FGC

CEO, President and Director

CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, CEO and President

Tel: +1.604.688.3211 x 138

Email:

[email protected]

General Enquiry

Tel: +1.604.688.3211

Email:

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the

Company expects, believes or anticipates will or may occur in the future are forward-looking

statements.

These forward-looking statements involve numerous assumptions made by the Company

based on its experience, perception of historical trends, current conditions, expected future

developments and other factors it believes are appropriate in the circumstances. In addition, these

statements involve substantial known and unknown risks and uncertainties that contribute to the

possibility that the predictions, forecasts, projections and other forward-looking statements will prove

inaccurate, certain of which are beyond the Company's control.

Readers should not place undue

reliance on forward-looking statements.

Except as required by law, the Company does not intend to

revise or update these forward-looking statements after the date hereof or revise them to reflect the

occurrence of future unanticipated events.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/189799