J Taylor's Energy & Energy Tech Stocks Investment Analysis of CanAlaska Uranium, Ltd.

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CanAlaska Uranium Ltd. (CVV - TSX.V- DH-7 Frankfurt) has one of the largest holdings in one of the richest uranium districts in the world, that being in the Athabasca Basin in Saskatchewan.

in addition to its strategic land position, what we like about this company is that it is now attracting joint venture partners who will spend their money to earn into various projects. Most notable has been a unit of Mitsubishi, who has agreed to spend C$11 million in exploration and cash payments to CanAlaska over a three-and-a-half-year period.

CanAlaska Uranium Ltd. (CVV - TSX.V- DH-7 Frankfurt) has one of the largest holdings in one of the richest uranium districts in the world, that being in the Athabasca Basin in Saskatchewan as reported by: J Taylor's Energy & Energy Tech Stocks (http://www.jaysenergystocks.com) Volume 2, No.1.

According to Mr. J. Taylor, "in addition to its strategic land position, what we like about this company is that it is now attracting joint venture partners who will spend their money to earn into various projects. Most notable has been a unit of Mitsubishi, who has agreed to spend C$11 million in exploration and cash payments to CanAlaska over a three-and-a-half-year period." CanAlaska has 86.9 Million Shares Outstanding, was Recommended on 12/20/06 at $0.56, was priced on 1/2/07 at US $0.75, has a Market Capitalization of $65.2 Million and has a Progress Rating of "D" which means CanAlaska is an early-stage uranium exploration Company. CanAlaska (http://www.canalaska.com) is also searching for elephant-sized deposits, and given their extensive land holdings, we think there are rather good odds that we could be treated to some very good exploration results over the next several months, in which case these shares should perform exceedingly well. That said, it is most important that you realize this is a "D" progress company, which means it is an early-stage uranium exploration. Given the high level of risk inherent in an early exploration stock, it is especially important that you not allocate more than 5% to this one stock at time of purchase.

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About CanAlaska Uranium Ltd. - http://www.canalaska.com

CanAlaska Uranium (CVV - TSX.V, CVVUF - OTCBB, DH7 - Frankfurt) holds eighteen, 100%-owned, uranium projects in Canada's Athabasca Basin. Since September, 2004, the Company has aggressively acquired one of the largest land positions in the region, now comprising over 2,313,000 acres (9,360 square km). In 2005, CanAlaska expended over Cdn$5 million exploring its properties in the Athabasca Basin and delineated multiple uranium targets. Initial drilling from the West McArthur project revealed uranium mineralization and significant zones of hydrothermal alteration, indicative of a favorable environment for uranium deposition. An aggressive $6.5 million exploration program for 2006 is continuing.

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

Investor Contact:

Emil Fung

Vice President, Corp. Dev.

Tel: +1.604.685.1870

Toll Free: 1.800.667.1870 (N. America)

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