1. CanAlaska Ventures Ltd 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 Advanced Uranium Explorer in the Athabasca Basin, Canada September, 2009 URANIUM AND GOLD PROJECTS FOR OPTION or JOINT VENTURE

2. CanAlaska Ventures Ltd Gold and uranium Projects for option Athabasca Basin 14 Uranium Projects Alaska Rainbow Hill Gold Project Zeballos Gold Mine Reefton New Zealand Gold Project

3. CanAlaska Ventures Ltd Over 20,000 ounces of gold produced from historic Central Zeballos mine Recorded production for the mine was 20,472 ounces of gold and 14,618 ounces silver from 58,450 tons mined. The average grade of ore was 0.491 ounces of gold and 0.35 ounces of silver per ton. The Central Zeballos mine was closed in 1947 with ore reserves left in the developed workings.

4. CanAlaska Ventures Ltd Rainbow Hill Gold Valdez Mining District

5. CanAlaska Ventures Ltd Supplier of 30% of world’s uraniumSupplier of 30% of world’s uranium Unique geology hosting the world’s richest and largest uranium minesUnique geology hosting the world’s richest and largest uranium mines Vastly under-explored with significant potential for discovery of mines worth over US$10 billionVastly under-explored with significant potential for discovery of mines worth over US$10 billion Uranium Projects in the Athabasca ?

6. CanAlaska Ventures Ltd 30% of the World’s Mined Uranium ATHABASCA BASIN SASKATCHEWAN

7. CanAlaska Ventures Ltd ATHABASCA UNCONFORMITY DEPOSITS McArthur River 235,164 tonnes of uranium at 19.60 % U (518 million lbs at 23 % U 3 O 8 ) Cigar Lake 134,541 tonnes of uranium at 15.50 % U (350 million lbs at 18 % U 3 O 8 ) Their values are measured in TEN’S of $ BILLIONS

8. CanAlaska Ventures Ltd McArthur River Cigar Lake McArthur River – 2003 436.5 million lbs. U 3 O 8 (167,897 tonnes uranium) with an average grade of 24.7% U 3 O 8 231.5 million lbs. U 3 O 8 (89,100 tonnes uranium) with an average grade of 19.0 % U 3 O 8 Total reserves and resources are approximately 350 million pounds U 3 O 8 Cigar Lake Project -2006 These deposits are orders of magnitude larger and richer than most other uranium deposits world-wide. The World’s largest-richest Uranium Mine ATHABASCA BASIN “The Saudi Arabia of Uranium” The Athabasca Hosts the World’s Richest Uranium Mines

9. CanAlaska Ventures Ltd

10. CVV – TSX.VCVVUF: OTCBBDH7: FRANKFURT  Long term price WILL reflect cost of production from average deposit.  Athabasca deposits have 10 + X profit premium because of their unique grades. $7 1989-2001 Uranium Price: Staying up to meet demand The Athabasca mines operated profitably throughout the 1980-2001 “Nuclear Winter” Athabasca Extra Profits

11. CanAlaska Ventures Ltd CanAlaska in Athabasca 24 exploration projects located near proven deposits24 exploration projects located near proven deposits One of the Basin’s largest landholders with 3,900 sq. miles (>1mm Hectares) of propertyOne of the Basin’s largest landholders with 3,900 sq. miles (>1mm Hectares) of property Began accumulating properties in September 2004Began accumulating properties in September 2004 11

12. CanAlaska Ventures Ltd A good geological model Adequate funding Good land position A dynamic and competent team SUCCESS IN MINERAL EXPLORATION REQUIRES YOU!

13. CanAlaska Ventures Ltd Aggressive Exploration Airborne Drilling Sediments/seismic Airborne EM Ground resistivity Marine Seismic

14. CanAlaska Ventures Ltd 1985 2005 300 ft 3000 ft Radio Waves “Plume” of Alteration - can be detected with modern surveys “The Model” What are we looking for..? Strong Conductivity graphite

15. CanAlaska Ventures Ltd Clay Zone Deposit What it looks like: Sue deposit

16. CanAlaska Ventures Ltd McTavish Property

17. CanAlaska Ventures Ltd March 2007…..$11 million of exploration funding. Partnerships are Available with successful targets

18. CanAlaska Ventures Ltd December 2007…..$19 million of exploration funding. Partnerships are Available with successful targets

19. CanAlaska Ventures Ltd TRAINING COURSES HEALTH-SAFETY..FIRST RESPONDERS, FIRST AID GIS COMPUTER MAPPING DETAIL AND EXPERTISE FIELD OPERATIONS—CAMPS STANDARD OPERATING PROCEEDURES: ACCOUNTING AND REPORTING INSURANCE AND CORPORATE GOVERNANCE And… on top of the land position, the crews and Technical skills.. We have the support of the Industry Majors because of….. ENVIRONMENTAL AWARENESS LOCAL COMMUNITY SUPPORT

20. CanAlaska Ventures Ltd We have a 3,900 square mile, 100% owned, land base We are using modern TECHNOLOGY We have SUCCESSFULLY defined targets DRILLING is confirming our target selection We are a significant explorer in the Athabasca SUMMARY We can help CPC Newco develop significant projects

21. CanAlaska Ventures Ltd You are invited to visit with us and become familiar with our team and project database. You and your investors can benefit greatly from the demand for uranium. Thank you.