VANCOUVER, June 2, 2011 /CNW/ - CanAlaska Uranium Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to announce the appointment to
Company's Board of Directors Mr Michael Riley C.A. and the appointment
of Ambassador Thomas Graham Jr. as Chairman of the Board.
Mr. Riley is a Chartered Accountant and was an audit partner with Ernst
& Young LLP from 1985 to 2006. He is currently a director and Chair of
the Audit Committee of BC Lottery Corporation and a member of the Board
of Directors and Chair of the Audit Committee of Primero Mining Corp.
He is also on the Board of Directors of the Vancouver Symphony Society
and the BCAA Road Safety Foundation. Previously, from 1996-2003, he was
a member of Board of Directors and Treasurer of the Heart and Stroke
Foundation of BC and Yukon; and from 1997-2006 was a member of the
Economic Development Committee of the Vancouver Board of Trade. Mr
Riley has a B.Comm. (Honors) degree in Quantitative Methods, from
Concordia University and has a Graduate Diploma in Public Accounting
from McGill University.
President Peter Dasler commented "the Board of CanAlaska is very pleased
to welcome Mr. Riley to the Company. CanAlaska has established a very
strong presence in the Athabasca Basin, with major international joint
venture partners assisting in the exploration for new uranium deposits
on the Company's properties. There is a strong international demand
for additional uranium to power new generation nuclear reactors. This
demand is expected to continue to build in the future, notwithstanding
the current nuclear power plant problems in Japan. Mr. Riley has
extensive experience in business and finance, and will be able to
significantly assist CanAlaska in the Company's future growth. Mr.
Riley will become the Chair of CanAlaska's Corporate Governance
Committee, and also act as a member of the Company's Audit Committee.
The appointment of Ambassador Thomas Graham Jr. as Chairman of the Board
is a further step in the development of the Company. Ambassador Graham
has been a strong member of CanAlaska's board for the past four years.
Ambassador Thomas Graham, Jr. is one of the world's leading experts in
nuclear non-proliferation. Amb. Graham Jr. 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 for the past 35 years. This includes the
SALT, START, ABM, INF, NPT, CFE and CTBT Treaties. Amb. Graham Jr. 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.
Amb. Graham Jr. has been an Independent Director of the Company since
2007. He was appointed as a member of the International Advisory Board
for the nuclear program of the United Arab Emirates in December, 2009
and is currently serving as both Chairman of the Board of Mexco Energy
Corporation (July 1997 - present) and as Executive Chairman of
Lightbridge Corporation, formerly Thorium Power, Ltd. (2006 - present).
President Peter Dasler commented that "Ambassador Graham has been a
strong member of CanAlaska's board for the past four years, and with
CanAlaska's strong treasury, multiple joint ventures, and extensive
land position in the Athabasca, there is exciting potential for future
partnerships. The development of these partnerships is well overseen
by Ambassador Graham."
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 -- Frankfurt) is undertaking uranium exploration in twenty one uranium projects in
Canada's Athabasca Basin -- the "Saudi Arabia of Uranium". Since
September 2004, the Company has aggressively acquired one of the
largest land positions in the region, comprising over 2,500,000 acres
(10,117 sq. km or 3,906 sq. miles). To-date, CanAlaska has expended
over Cdn$75 million exploring its properties and has delineated
multiple uranium targets.
For more information visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news
release 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
SOURCE CanAlaska Uranium Ltd.
For further information:
Emil Fung, Director & V.P. - Corp. Dev.
Tel: +1.604.688.3211 x318