Canalaska Sets Stock Options

Toronto Stock Exchange (TSX): CVV

VANCOUVER, Feb. 1, 2013 /CNW/ - CanAlaska [wp=371]Uranium Ltd.[/wp] (TSX - CVV) ("CanAlaska" or the "Company") has granted an aggregate of 1,714,000 incentive stock options to purchase common shares at $0.25 per share, for a period of five years, to directors officers and consultants, pursuant to its Stock Option Plan.

About CanAlaska Uranium

CANALASKA URANIUM LTD. (CVV -- TSX, CVVUF -- OTCBB, DH7F -- Frankfurt) since 2004 has undertaken uranium exploration on multiple uranium projects in Canada's Athabasca Basin -- the "Saudi Arabia of Uranium".  The Company has major international joint venture partners and is concentrating its activities on these most advanced projects.

For more information, visit www.canalaska.com
On behalf of the Board of Directors

Peter Dasler, M.Sc., P.Geo., President & CEO,
CanAlaska [wp=371]Uranium Ltd.[/wp]

The TSX 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. See www.canalaska.com for full information on our Forward-Looking Statements 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.

SOURCE CanAlaska [wp=371]Uranium Ltd.[/wp]