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CanAlaska Uranium Ltd. - West McArthur

A drill contract for a minimum of 6,500 metres of drilling, utilizing two drill rigs has now been executed with Cyr Drilling International Ltd on the West McArthur project. Cyr Drilling has worked with CanAlaska on drill projects at West McArthur since 2005, and is well-provisioned to complete this drill program. As of February 12th, 2010, MC Resources Canada Ltd., a wholly - owned subsidiary of Mitsubishi Corporation, completed the Cdn$11 million investment specified under the project's option agreement and formally earned a 50% ownership interest in the West McArthur uranium project. A joint venture has been established between CanAlaska West McArthur Uranium Ltd., a wholly-owned subsidiary of the Company, and MC Resources Canada Ltd. CanAlaska West McArthur Uranium is the Operator of the joint venture. To facilitate the long-term planning of the project, Mitsubishi Corporation and CanAlaska have outlined a C$20 million five-year program of exploration that will progressively test the current targets areas and reach across the remainder of the property to evaluate other target areas..