CANALASKA URANIUM LTD

Uranium exploration in twenty-one uranium projects in Canada's Athabasca Basin

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Message: NR- Sept. 28/10- CanAlaska J/V Reports on Cree East Summer Drill Program

The price/volume increase suggests a press release is due soon. I checked the latest MD&A for July 31 and it says they have $ 9 mil in the piggy bank. The only reference I have found so far on current activity is one line in the August 20 press release which mentions some drilling is about to commence on the Grease River project. They should have some results by now. One of the special things about uranium exploration is the fact that you get a very good idea of what you found in the field as soon as you put the core in the box and run a hand held spectrometer over it. Other than Grease River I don't know if any other drilling is underway. We'll see next week if there's any substance to the share volume.

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