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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016 http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM] 0 Share 0 Advanced Search Home / Companies / KRO Profile KRO Profile KRO Company Profile Canalaska Uranium Ltd (CVV-V) RS Search Web Site Tree Forum SEDAR Quote IPV Canalaska Uranium Inc is undertaking uranium exploration on a portfolio of 100%-owned and optioned projects focused on Canada's Athabasca Basin, where it controls one of the largest land positions in the region, comprising over 1,000,000 hectares. Among Canalaska's joint ventures partners are Mitsubishi Development Pty, a consortium of Korean companies, and East Resources Inc. of China. Canalaska is led by CEO Peter Dasler. Trade Date Volume High Low Close Chg Status April 4, 2016 236,500 $0.47 $0.38 $0.40 ($0.08) Trading Basic Info Listed On: TSX Venture: CVV 6/21/1994 Sector: Resource Key People Issued: 22,068,000 10/31/2015 Story Type: Mineral Exploration Peter G. Dasler (CEO), Thomas Jr Graham (Chair), Harry Chan (CFO), Karl Schimann (VP EX) Diluted: 26,194,000 JK Owns: No Insider Stake: 3% 9/24/2015 Tel: ( 604) 688 3211 Working Capital: $1,476,000 10/31/2015 Email: [email protected] Address Market Cap: $8,827,200 Web Site: www.canalaska.com 625 Howe St Ste 1020, Vancouver, BC, V6C 2T6, Canada Cash Breakup: $0.05 per sh Corporate Change History #Old for New Last Price Prior Name Subsequent Name Details Nov 8, 2010 Reverse Split 10:1 $0.14 Canalaska Uranium Ltd (CVV- T) Canalaska Uranium Ltd (CVV- T) Jun 21, 2011 New Exchange Listing 1:1 $0.68 Canalaska Uranium Ltd (CVV- V) Canalaska Uranium Ltd (CVV- T) Dec 30, 2013 New Exchange Listing 1:1 $0.11 Canalaska Uranium Ltd (CVV- T) Canalaska Uranium Ltd (CVV- V) Ranking within Company's Price Range based Group Members About Us Archive Recommendations Education Research Tools Blog Login: lesent Annual KRO Member - Exp: Feb 2, 2017 ( more... ) Select Company Profiles... 0 Share 0 Like

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Page 1: Home / Companies KRO Profile KRO Company Profilearcticstar.ca/wp-content/uploads/2017/08/kaiser.pdf · RS Search Web Site Tree Forum SEDAR Quote IPV ... The score is the average of

Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

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Canalaska Uranium Ltd (CVV-V)

RS Search Web Site Tree Forum SEDAR Quote IPV

Canalaska Uranium Inc is undertaking uranium exploration on a portfolio of 100%-owned and optioned projects focused on Canada's AthabascaBasin, where it controls one of the largest land positions in the region, comprising over 1,000,000 hectares. Among Canalaska's joint venturespartners are Mitsubishi Development Pty, a consortium of Korean companies, and East Resources Inc. of China. Canalaska is led by CEO PeterDasler.

Trade Date Volume High Low Close Chg Status

April 4, 2016 236,500 $0.47 $0.38 $0.40 ($0.08) Trading

Basic Info

Listed On: TSX Venture: CVV 6/21/1994 Sector: Resource Key People

Issued: 22,068,000 10/31/2015 Story Type: Mineral Exploration Peter G. Dasler (CEO), Thomas Jr Graham(Chair), Harry Chan (CFO), Karl Schimann(VP EX)Diluted: 26,194,000 JK Owns: No

Insider Stake: 3% 9/24/2015 Tel: ( 604) 688 3211

Working Capital: $1,476,000 10/31/2015 Email: [email protected] Address

Market Cap: $8,827,200 Web Site: www.canalaska.com 625 Howe St Ste 1020, Vancouver, BC,V6C 2T6, Canada

Cash Breakup: $0.05 per sh

Corporate Change History

#Old forNew

LastPrice

Prior Name Subsequent Name Details

Nov 8, 2010 Reverse Split 10:1 $0.14 Canalaska Uranium Ltd (CVV-T)

Canalaska Uranium Ltd (CVV-T)

Jun 21, 2011 New ExchangeListing

1:1 $0.68 Canalaska Uranium Ltd (CVV-V)

Canalaska Uranium Ltd (CVV-T)

Dec 30, 2013 New ExchangeListing

1:1 $0.11 Canalaska Uranium Ltd (CVV-T)

Canalaska Uranium Ltd (CVV-V)

Ranking within Company's Price Range based Group

Members About Us Archive Recommendations Education Research Tools Blog

Login: lesent Annual KRO Member - Exp: Feb 2, 2017 (more...) Select Company Profiles...

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

All KRO as of Apr 4, 2016 Group Median Company Percentile Score

Price Range: $0.30-$0.49 Issued: 67,795,485 22,068,000 83.3% 67.2%

Price Group Total: 96 Working Cap: $1,408,620 $1,476,000 51.0%

TSXV KRO as of Apr 4, 2016 Group Median Company Percentile Score

Price Range: $0.30-$0.49 Issued: 52,843,525 22,068,000 78.3% 68.1%

Price Group Total: 69 Working Cap: $1,118,672 $1,476,000 58.0%

Group figures exclude delisted and suspended companies. The higher the company percentile the better, based on the assumptions that the lowestissued shares and highest working capital are best. The score is the average of the percentiles. A percentile is that percentage of a group that amember ranks higher than. Note that issued and WC reflect latest financials.

Recommendation Status as of March 16, 2016

Canalaska Uranium Ltd was on the short list for the 2016 Bottom-Fish Edition but did not make the cut because its main Athabasca Basinuranium projects were stalled due to waning interest from the junior's Asian partners after considerable expenditure with no discovery, and its$800,000 treasury was too low to fund any meaningful Athabasca Basin exploration. In the case of the West McArthur project Mitsubishi (50%) fundedmost of the $17 million spent mainly in the Grid 1 area, and in the case of Cree East a Korean consortium led by KORES spent $19 million to earn50%. Although Chuck Fipke's Northern Uranium Corp had decided to spend another $5.6 million to boost its interest in the Northwest Manitobauranium project, the resulting 20% interest for Canalaska was not hope-inspiring given Fipke's track record since discovering Ekati. Although $800,000working capital, only 26.2 million fully diluted since a 10:1 rollback in November 2010, and vested interests in strategic uranium prospects should havequalified Canalaska as a bottom-fish buy recommendation, I felt the uranium exploration story launched in 2005 as the uranium bubble got underwayhad pretty much exhausted itself and that Canalaska was destined to spin its wheels in a rut as its Asian partners slunk away. So why did I onFebruary 19, 2016 add Canalaska Uranium Ltd to the 2016 Bottom-Fish Edition as a buy in the $0.10-$0.19 range?

On February 18, 2016 Canalaska announced that it had staked claims covering 75 magnetic anomalies it interpreted as potential kimberlite pipesin the northwestern part of the Athabasca Basin. This area south of Lake Athabasca and north of the Carswell Structure (some say a meteor impactsite, others say an ancient basement "pop-up" feature) is the least interesting from a uranium perspective because the unconformity sits under about

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

1,500-2,000 m of sandstone, too deep for any alteration chimneys to be discernible at the surface, and beyond the reach of geophysical surveysseeking conductive graphite beds that are the theoretical host for the Athabasca Basin's high grade uranium deposits such as the world classMcArthur River deposit. It is a uranium exploration dead zone. In 2011 the Saskatchewan Geological Survey conducted a 400 m spaced airbornemagnetic survey whose results were published in 2012. Nobody took much notice, but Canalaska's Peter Dasler and Karl Schimann, not having muchto do after Fukushima crimped the spending activity of Canalaska's Asian partners, pulled the dataset and crunched it to see if anything encouragingfor uranium targets was present. They were disappointed, but noted a cluster of discrete near-surface magnetic anomalies that made no sense giventhe monotonous nature of the basin's Proterozoic sandstone cover. The only plausible explanation was an igneous intrusion, and the only intrusionthat would create such a circular magnetic feature would be a kimberlite style intrusion.

Dasler and Schimann meditated on this oddity for a couple of years, but in mid 2015 decided to stake postage stamp claims over each of the 75magnetic anomalies they had identified. Canada's staking system requires the owner to spend assessment work on the claims, which, even though itmight all have been focused on a skinny vein in a tiny area, can be allocated to all contiguous claims. Recognizing the high risk nature of this diamondhypothesis, and how the Canalaska shareholder base might not be thrilled about a diversion of capital from uranium into diamond exploration,management also staked strings of single claims that connect the postage stamps so that the claim map looks like a bunch of hydra in a petri dishviewed through a microscope. This allows focused exploration on a single target to keep all the "connected" targets alive. It would have cost a fortunein the old physical post staking days, but in the modern era of map-staking it was just an exercise in mouse-clicking. When I saw this cluster of targetsspread out within a 100 km by 50 km area I was stunned, especially after I realized that this portion of the Athabasca Basin is underlain by theArchean aged Rae craton which is known to host diamondiferous kimberlites. Could it be that a random government funded data gathering exercisehad generated the tell-tale signs of a kimberlite cluster that a junior terrified by the bear market afflicting the resource sector since 2011 took thetrouble to investigate and spent not easily replaceable capital to stake? Was this the serendipity event that periodically hauls the Canadian juniors outof deep slumps?

The northern prairies have had a number of diamond exploration waves, of which the most recent is the Pikoo area in the northern part of theSaskatchewan Craton where North Arrow Minerals Ltd discovered dykes that appear to have high grade diamond potential of 100 cpht plusbased on micro diamond size distribution curves. But the Pikoo dykes have limited tonnage potential, and until somebody finds a larger high gradebody, this area is largely a science project. That may change if another bottom-fish called Alto Ventures Ltd turns several circular geophysicalanomalies associated with nearby diamond indicator minerals into kimberlite discoveries. In the central part of the Saskatchewan Craton we have the

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Fort a la Corne field of large low grade kimberlites apparently erupted into a submarine environment that are covered by several hundrd metres ofunconsolidated sediments. What is intriguing about the FALC kimberlites controlled by Shore Gold Inc is the high upper limit of the carat valuemodeled by WWW which also assigns a base case value in the upper half of the range. This suggests the presence of large, high quality diamonds ofthe sort that have been infrequent in major Canadian diamond mines such as Ekati, Diavik and Victor. In northern Alberta we have the Buffalo Hillscluster of weakly diamondiferous kimberlites that Ashton found on the basis of magnetic anomalies initially spotted by a petroleum geologist. Thatspurred an area play in the 1998-2001 period that fizzled when mini bulk sampling delivered very low grades. Another cluster of barren kimberliteswas found to the east in the Birch Mountain area. But what tweaked the interest of Dasler and Schimann was a regional till sampling program whichyielded kimberlite indicator minerals north of Fort McMurray whose source has never been resolved and which was never pushed beyond the Carswellstructure into the area of the Athabasca Kimberlite play. The kimberlite indicator mineral hits are more than 100 km down-ice from the AthabascaKimberlite project which sits on an Archean Craton that is much more prospective for diamonds than whatever underlies the Buffalo Hills and BirchMountain kimberlite clusters.

At this point we do not know if Canalaska's magnetic targets are actually kimberlites, and while the down ice indicator minerals apparently signal somediamond potential, confirmation that the "kimberlites" are indeed diamondiferous is even more speculative, let alone economically diamondiferous.Canalaska will have to wait until summer to collect till samples, ground truth the targets to see if they outrcrop as was the case in the Buffalo Hills, andconduct detailed geophysical surveys before drilling any targets in late fall or next winter. But the intrusions that make up these targets do representmeaningful tonnage, with few alternative explanations, so if indeed Canalaska has snagged most of a new diamondiferous kimberlite field, a majorexploration play will emerge. I use the word "most" because not everybody believes that the 400 m spacing of the geophysical grid flown by the SGShad sufficient resolution to highlight all kimberlite targets. While the sandstone is magnetically quiet, a magnetic geophysical anomaly merelymeasures relative magnetic difference. A kimberlite pipe need not have a prominent magnetic signature that shows up on a 400 m grid survey. Moresubtle magnetic signatures might only show up on a survey flown on 100 metre lines. On March 16, 2016 Fjordland Explorations Inc announcedthat it had staked 26,223 hectares in the same area as Canalaska's claims on the premise that Canalaska did not get it all. I contacted Fjordland'sCEO Dick (DA) Atkinson and discovered that Fjordland's claims surround Canalaska's "postage stamp" claims. The rationale is that any field ofkimberlites will have clusters of closely spaced kimberlites, of which the Renard and Gahcho Kue clusters are good examples. A staking strategy thatplaces just enough claims to cover distinct magnetic anomalies could miss nearby kimberlites with geophysical signatures that do not show up on thescale of the government survey. The snapshot below from the Saskatchewan MARS claims system enhanced by Canalaska's Karl Schimann showsthe extent of current area play staking.

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

At this stage of the Athabasca Kimberlite play Fjordland's Dick Atkinson is grasping at straws, but the situation reminds me in many ways of 1992when Dia Met Minerals announced that it had discovered a diamondiferous kimberlite at Point Lake in a god-forsaken part of the Northwest Territoriescalled the Slave Craton where very few juniors had ever dared to tread and which a Canadian subsidiary of De Beers called Monopros had sampledwithout any luck that led to a kimberlite discovery. At the time the juniors were stuck in a bad bear market, a bear market so bad my brokerage firmemployer decided a window office was wasted space when occupied by research analysts and moved the research department into a windowlessformer storage space in the middle of our floor. Although we knew nothing about diamonds, my research associate Andrew Muir and I recognized thatthe Dia Met discovery was significant, and initiated detailed coverage of the emerging area play. Chris Jennings helped us up the learning curve withhis collection of diamond slides he had assembled during his career as a diamond explorer (yes, the old fashioned physical kind). We adopted thesimple premise that Fipke did not "get it all", and focused on a rag-tag bunch of juniors with names like Aber, Commonwealth, Southernera, Tyler,Fibre-Klad, Kettle River, Dentonia, Horseshoe, Almaden, Williams Creek and Troymin and recommended clients build a portfolio of these juniorssurrounding Dia Met on the speculation that important pipes would be found outside the Dia Met-BHP property boundaries. In 1993 this predictionbecame reality, and proximity juniors which increased ten-fold from pennies during 1992, increased another 10-20 fold in 1993. I remember one of thebanker partners hustling back an forth between his window office and the trading desk with blue buy tickets muttering over and over again"unbelievable". By 1994 the research department had been moved into a windowed corner office. That this could ever repeat itself today seemsunbelievable to me.

But what really triggered this flashback memory was my conversation with Dick Atkinson, now in his seventies, who was a big star in past decades. Hedecided to become CEO of Fjordland a couple years ago when Tom Schroeter retired after a valiant exploration effort to discover new copper-golddeposits in British Columbia. Atkinson, who steered Fjordland into a potential revival of the South Voisey's Bay nickel play, quickly discovered that thisbear market was the mother of all bear markets that humbled all superstars without infinitely deep pockets to self fund a junior. When I spoke with himhe was sitting in Fjordland's new office, a windowless former storage space in an office floor whose window offices were occupied by juniors thatgenerally still had positive working capital. He had decorated the walls with his art collection; Andrew and I decorated our walls in 1992 with maps.Atkinson lamented that he would have staked more ground, but there was not enough money, and he was having trouble in light of his two cent stockprice persuading the holders of five cent warrants to exercise them. For now he owns 100% and has not resorted to a DHK style syndicate. It may bethat a year from now Peter Dasler has demonstrated his targets to be nothing more than another field of barren kimberlites, in which case this will benothing more than a sad anecdote. However, I mention this story because it has a textbook resemblance to other great discovery stories that eruptedfrom a bear market abyss with the help of desperate entrepreneurs as was the case with the Lac de Gras diamond play.

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

The Athabasca Kimberlite play is a free lunch for bottom-fishers who own Canalaska Uranium Ltd because the junior's more obvious upside resides inthe potential of its West McArthur uranium play. On January 21, 2016 Canalaska announced that it had a deal to purchase Mitsubishi's 50% stakein West McArthur for $600,000 cash and a 1% royalty. That was not an overly promising development, because it depleted Canalaska's treasury andsignaled a loss of confidence in West McArthur by the Japanese partner. But on February 24, 2016 Canalaska announced that Cameco wasoptioning 60% of West McArthur which requires it to pay $725,000 up front and spend $5 million over 3 years with $1 million guaranteed in 2016 toearn 30%, and another $6,275,000 over an additional 3 years to earn 60%. Cameco's interest is clearly in the Grid 5 area into which the C conductorwith which its Fox Lake deposit is associated projects. However, the deal does require Cameco within two years to drill two deep holes in the Grid 1area where Canalaska and Mitsubishi spent most of the $17 million sunk into West McArthur (see SVH Tracker - March 4, 2016 for a moredetailed discussion). Cameco has earmarked $7 million for its Fox Lake deposit (386,700 tonnes of 7.99% U3O8) in 2016 which it views as acandidate for "top tier" development status. The grade is high enough, but the deposit needs more tonnage. The deal with Canalaska gives Camecofree rein to chase the Fox Lake system along the C Conductor in the direction of the West McArthur project which it now has tied up for 60%. A holeabout which nothing has been disclosed was drilled within 500 metres of the property boundary. Previous holes by Canalaska and Mitsubishi near theC Conductor failed to intersect uranium mineralization, but did indicate the presence of a major hydrothermal system. Thrust faulting in the area hascreated a confusing geological picture which is best left sorted out with somebody else's money, in this case Cameco whose technical team probablybetter than any other knows how to follow the uranium "threads" once they come into view. Cameco is expected to start a drill program shortly. Withonly 26.2 million shares fully diluted and a stock price of $0.32 the market is assigning a value $21 million to the 40% net West McArthur play, andonly $8.4 million the Athabasca Kimberlite play. Canalasaka looks very ripe to deliver the 500% plus gain expected for a memberof the 2016 Kaiser Bottom-Fish Editon. It will take at least six months for the diamond play to reach a tipping point, but the West McArthurtipping point that justifies a Spec Value Hunter buy recommendation could be within reach in 4-8 weeks. One should keep in mind that a discoverycomparable to McArthur River in grade and tonnage would be worth billions.

KRO 2016 Bottom-Fish EditionInitial Recommendation

New BF Buy $0.10-$0.19Current Recommendation Status

New BF Buy $0.10-$0.19

Initiated: Feb 19, 2016 Initial Position: 6,061 High: $0.52 215% 3/18/2016

Closed: Net Proceeds: $0 Low: $0.15 -9% 2/19/2016

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Buy Range: Gain/Loss: 142% Last: $0.40 142.42% 4/4/2016

Date Price Recommendation Action NetCash

NetStock

Gain New Status

2/19/2016 $0.17 New BF Buy $0.10-$0.19 Buy 5,263 @ $0.19 $0 5,263 -13% New BF Buy $0.10-$0.19

Charts & Financing Activity

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Most recent 43-101 resource estimate Prior resource estimate PEA PFS FS/BFS/DFS

Private Placement Key

less than $500,000 $1,000,000 - $2,000,000 $5,000,000 - $10,000,000 $20,000,000 - $50,000,000

$500,000 - $1,000,000 $2,000,000 - $5,000,000 $10,000,000 - $20,000,000 over $50,000,000

Private placement financing dates and value ranges are based on transactions reported by the TSXV Monthly Review.

Date Company Type Quantity Price FT Units Amount Broker

Jan 15, 2002 CanAlaska Ventures Ltd PP 2,000,000 $0.10 Units $200,000

Nov 11, 2002 Canalaska Ventures Ltd PP 1,000,000 $0.10 Units $100,000

Dec 23, 2002 Canalaska Ventures Ltd PP 466,667 $0.15 Units $70,000

Sep 12, 2003 Canalaska Ventures Ltd PP 1,500,000 $0.10 Units $150,000

Oct 6, 2003 CanAlaska Ventures Ltd PP 3,500,000 $0.10 Units $350,000

Nov 11, 2003 CanAlaska Ventures Ltd PP 2,000,000 $0.23 Units $460,000

Dec 23, 2003 CanAlaska Ventures Ltd PP 2,142,858 $0.35 FT Units $750,000

Jan 6, 2004 CanAlaska Ventures Ltd PP 2,142,858 $0.35 FT Units $750,000

Feb 2, 2004 CanAlaska Ventures Ltd PP 2,000,000 $0.35 Units $700,000

Nov 29, 2004 CanAlaska Ventures Ltd PP 3,300,000 $0.30 Units $990,000

Dec 21, 2004 CanAlaska Ventures Ltd PP 4,000,000 $0.30 Units $1,200,000

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Dec 22, 2004 CanAlaska Ventures Ltd PP 1,387,500 $0.40 FT Units $555,000

Jan 20, 2005 CanAlaska Ventures Ltd PP 2,362,500 $0.40 Units $945,000

Jul 7, 2005 Canalaska Ventures Ltd PP 3,000,000 $0.32 FT $960,000

Sep 6, 2005 Canalaska Ventures Ltd PP 3,125,000 $0.40 FT $1,250,000

Sep 6, 2005 Canalaska Ventures Ltd PP 435,000 $0.35 Units $152,250

Sep 21, 2005 Canalaska Ventures Ltd PP 3,231,500 $0.35 Units $1,131,025

Sep 23, 2005 Canalaska Ventures Ltd PP 535,000 $0.35 Units $187,250

Dec 19, 2005 Canalaska Ventures Ltd PP 1,353,791 $0.37 Units $500,903

Dec 19, 2005 Canalaska Ventures Ltd PP 5,000,000 $0.40 FT $2,000,000

Mar 15, 2006 CanAlaska Ventures Ltd PP 7,425,374 $0.42 Units $3,118,657

Apr 13, 2006 CanAlaska Ventures Ltd PP 4,893,000 $0.55 FT Units $2,691,150

Oct 27, 2006 Canalaska Uranium Ltd PP 7,470,331 $0.45 FT Units $3,361,649

Dec 12, 2006 Canalaska Uranium Ltd PP 4,000,000 $0.52 Units $2,080,000

Mar 6, 2007 Canalaska Uranium Ltd PP 6,944,444 $0.72 Units $5,000,000

Sep 25, 2007 Canalaska Uranium Ltd PP 1,111,111 $0.45 FT Units $500,000

Oct 31, 2007 Canalaska Uranium Ltd PP 7,660,877 $0.47 FT Units $3,600,612

Oct 31, 2007 Canalaska Uranium Ltd PP 7,629,968 $0.38 Units $2,899,388

May 9, 2008 Canalaska Uranium Ltd PP 9,452,060 $0.34 FT Units $3,213,700

May 28, 2008 Canalaska Uranium Ltd PP 1,470,600 $0.34 FT Units $500,004

Aug 12, 2009 CanAlaska Uranium Ltd PP 5,826,764 $0.17 FT Units $990,550

Nov 3, 2009 CanAlaska Uranium Ltd PP 11,904,428 $0.21 FT Units $2,499,930

Nov 30, 2009 CanAlaska Uranium Ltd PP 2,380,000 $0.21 FT Units $499,800

Dec 21, 2009 CanAlaska Uranium Ltd PP 14,496,300 $0.21 FT Units $3,044,223

Dec 21, 2009 CanAlaska Uranium Ltd PP 10,897,571 $0.18 Units $1,907,075

Dec 30, 2010 CanAlaska Uranium Ltd PP 446,167 $1.60 FT Units $713,867

Dec 30, 2010 CanAlaska Uranium Ltd PP 1,721,708 $1.60 Units $2,754,733

May 30, 2011 CanAlaska Uranium Ltd PP 418,141 $1.13 FT $472,499

CapitalFinancials Dated: October 31, 2015 Reporting Period: 6 months Year End: 04/30 Currency: CAD

Assets Liabilities Income

Cash Equivalents: $1,171,000 Current Liabilities: $108,000 Operating Revenues: $0

Receivables etc: $413,000 Tangible LT Debt: $0 Operating Cash Costs: $0

Current Assets: $1,584,000 Intangible LT Debt: $0 Operating Cash Flow: $0

Long Term Assets: $976,000 Total Liabilities: $108,000 Operating Non-Cash Costs: $0

Miscellaneous Revenue: $0

Total Assets: $2,560,000 Share Capital: $73,205,000 Cash Expenses: $953,000

Shareholder Deficit: ($70,753,000) Non-Cash Expenses: $37,000

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Working Capital: $1,476,000 Net Shareholder Equity: $2,452,000 Total Expenses: $990,000

Overall Cash Flow: ($953,000)

Monthly Overhead: $158,833 Net Income (Loss): ($990,000)

Note:

Structure & PeopleDirectors, Officers and Employees: 986,030 4.5% AGM: September 24, 2015

Other Insiders: 0 0.0% People Tree Available

Past Reported Shareholders: 1,656,833 N/A

Related Party Occupation RelatedSince

Insider Director Officer Capacity Ownership %

Peter G. Dasler Geologist 1/1/2004 CEO & President 286,538 1.3%

Victor Fern Businessman 3/25/2008 0 0.0%

Thomas Jr Graham Diplomat 9/19/2007 Chairman 20,000 0.1%

Jean-Luc Roy Geologist 1/1/2007 0 0.0%

Karl Schimann Geologist 9/27/2013 VP Exploration 423,375 1.9%

Kathleen K. Townsend Lawyer 1/7/2014 0 0.0%

Harry Chan Accountant 1/1/2015 CFO 0 0.0%

Daniel L. G. Faure Geologist 1/1/2012 Advisory Board 0 0.0%

Nana Lampton 1/1/2012 Advisory Board 0 0.0%

Simon Szeto 1/3/2013 Advisory Board 0 0.0%

Dianne M. Szigety Administrator 9/24/2015 CorporateSecretary

0 0.0%

Past Reported Shareholders - Current Ownership Status unknown

Joseph Bowes Accountant 10/19/2009 CFO 0 0.0%

John Clemens Broker (Pro) 12/30/2010 Placee 20,000 0.1%

Richard M. Cohen Broker (Pro) 8/12/2009 Placee 75,000 0.3%

Olav Langelaar Broker (Pro) 8/12/2009 Placee 40,000 0.2%

Ravensden Asset Management Inc. FundManager

9/23/2009 1,132,352 5.1%

Active Index Memberships

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Membership Start Date: February 19, 2016 Start Price: $0.17

KRO 2016 Bottom-Fish Index:

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Membership Start Date: November 8, 2010 Start Price: $1.48

KRO Uranium Exploration Junior Index: Includes companies which have made uranium exploration their primary focus, and which have notacquired a project with a historical resource, and have not yet reported a resource estimate for an exploration play. Index members whichsubsequently acquire a project with a resource or report a resource for a new discovery will be added to the Uranium Pounds in the Ground Index, butwill also remain an active member if te Uranium Exploration Juniors Index.

Risk Analysis

Click here to view IPV Report

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Key to Understanding the Spec Value Hunter TablesFlagship Play Secondary Plays Other Plays

A Spec Value Hunter table allows speculators to identify which projects offer poor, fair or good speculative value according to therational speculation model. The speculative value depends on the project stage, the project's implied value as calculated by thecompany's fully diluted, stock price and net project interest, and the dream target deemed appropriate for the project. A dreamtarget is what a project would be worth in discounted cash flow terms once in production.

Poor Speculative Value - Fair Speculative Value - Good Speculative Value -

Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits

Active Company ProjectsProject Country Region Net

InterestStage IPV

$MM

$100UPV$500 $2000

TargetMetals

DepositStyle

West McArthur Canada AthabascaBasin

40% TC 2-TargetDrilling

$26 Uranium Unconformitystyle

AthabascaKimberlite Project

Canada AthabascaBasin

100% WI 1-Grassroots $10 Diamond

Cree East Canada AthabascaBasin

50% WI 3-DiscoveryDelineation

$21 Uranium Unconformitystyle

Moon South Canada AthabascaBasin

25% WI 2-TargetDrilling

$42 Uranium Unconformitystyle

NW Manitoba Canada Manitoba 20% TC 2-TargetDrilling

$52 Uranium Unconformitystyle

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Patterson West Canada Saskatchewan 50% TC 2-TargetDrilling

$21 Uranium Unconformitystyle

Carswell Canada AthabascaBasin

100% WI 1-Grassroots $10 Uranium Unconformity

Grease River Canada Saskatchewan 100% WI 1-Grassroots $10 Uranium Intrusive

Helmer Canada AthabascaBasin

100% WI 1-Grassroots $10 Uranium Unconformitystyle

Hodgson Canada AthabascaBasin

100% WI 1-Grassroots $10 Uranium Unconformitystyle

Kasmere Canada AthabascaBasin

100% WI 1-Grassroots $10 Uranium Unconformitystyle

Moon North Canada AthabascaBasin

100% WI 1-Grassroots $10 Uranium Unconformitystyle

North EastWollaston

Canada AthabascaBasin

5% TC 1-Grassroots $210 UraniumRare-Earth-Metals

Unconformitystyle

Patterson East Canada Saskatchewan 100% WI 1-Grassroots $10 Uranium Unconformitystyle

Patterson North Canada Saskatchewan 100% WI 1-Grassroots $10 Uranium Unconformitystyle

Poplar Canada AthabascaBasin

5% FC 1-Grassroots $210 Uranium Unconformitystyle

Ruttan Canada Manitoba 100% WI 1-Grassroots $10 Gold CopperZinc

VMS

Waterbury Lake Canada AthabascaBasin

100% WI 1-Grassroots $10 Uranium Unconformitystyle

Company Projects

West McArthur Project

West McArthur Canada SK Athabasca Basin 35,830 ha

Net Interest: 40% TCVested: YesUncapped NSR/GOR: 1.00%

Ownership Terms: CanAlaska entered into an option agreement with Mitsubishi Development PtyLtd. (MDP) where MDP may acquire a 50% ownership interest in the West McArthur Project byexpending a minimum Cdn$11.0 million in cash and exploration payments to CanAlaska over a 3½ -yearperiod. Upon MDP fulfilling its exploration commitments under the Option Agreement, the parties willenter into a 50/50 joint venture. On Jan 21, 2016 Canalaska acquired Mitsubishi's 50% for $600,000 anda 1% NSR.Feb 24, 2016 deal optioning 60% to Cameco for $725,000 cash upfront plus $5 millionexploration over 3 years to earn 30%, then pay $500,000 plus another $6,275,000 exploration over 3years to earn 60%. $1 million is required in the first year, and 2 deep holes must be drilled in the Grid 1area within 2 years.

Target Metals: Uranium Model: Unconformity style Stage: 2-Target Drilling

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$26,194,000 Not Rated

Athabasca Kimberlite Project Project

Athabasca KimberliteProject

Canada SK Athabasca Basin 0 ha

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: Acquired by staking.

Target Metals: Diamond Model: Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Notes on Athabasca Kimberlite Project Project

Canalaska staked 75 discrete circular magnetic anomalies that showed up in a 2011 geophysical survey flown by the Saskatchewan GeologicalSurvey in an area north of the Carswell Structure (a meteor impact site) that was beyond the limit of the Saskatchewan Kimberlite Indicator Mineralsampling.

Cree East Project

Cree East Canada SK Athabasca Basin 56,000 ha

Net Interest: 50% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: n December, 2007 CanAlaska entered in a joint venture whereby a Koreanconsortium omprising Hanwha Corporation, Korea Electric Power Corporation, Korea ResourcesCorporation and SK Energy Co. Ltd may earn a 50% interest in the Cree East Project by investingCdn$19.0 mil. towards exploration, an amount which has been fully expended.

Target Metals: Uranium Model: Unconformity style Stage: 3-Discovery Delineation

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$20,955,200 Not Rated

Moon South Project

Moon South Canada SK Athabasca Basin 2,716 ha

Net Interest: 25% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: Optioned Jan 5, 2016 to Denison Mines for $200,000 epxloration over 2 years toearn 51%, and another $500,000 to earn 75%. If either party gets diluted below 10% the interestconverts into a 2% NSR that can be bought for $500.000 by the other party.

Target Metals: Uranium Model: Unconformity style Stage: 2-Target Drilling

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$41,910,400 Not Rated

NW Manitoba Project

NW Manitoba Canada MB Manitoba 143,603 ha

Net Interest: 20% TCVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: September 2013 option for NEX-listed MPVC Inc (now Northern Ursnium Corp)to acquire an 80% interest by carrying out an $11.6-million three-stage exploration program. The firststage allows MPVC to obtain a 50-per-cent interest by making a cash payment of $35,000, and byissuing 4.5 million common shares and 2.25 million common share purchase warrants and completing aminimum of $3.2-million exploration expenditures on the property by 2015. The second stage allowsMPVC to increase its interest in the project to 70 per cent by issuing a further 2.5 million common sharesand 1.25 million common share purchase warrants, and spending a further $2.8-million on explorationexpenditures. The third and final stage allows MPVC to increase its interest to 80 per cent by issuing afurther five million common shares and 2.5 million common share purchase warrants, and spending afurther $5.6-million on exploration expenditures. A royalty provision is also included in the agreement.This provision allows either company to acquire a 2-per-cent yellowcake royalty if either participatinginterest in the joint venture is diluted below 15 per cent, then such party's interest will automaticallyconvert to a 2-per-cent royalty on uranium oxide or any other minerals mined and sold from the project,and the joint venture shall be terminated.

Target Metals: Uranium Model: Unconformity style Stage: 2-Target Drilling

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$52,388,000 Not Rated

Milestone TimelineProgram Start End Milestone

Target Testing 2014 Q2 Mid May 2014 Q2 Mid May Drilling begins with two rigs. A rotary air blast drill rig is focused on rapidlytesting shallow targets while diamond drilling is testing the Maguire Lakefocus area, targeting geophysical and geochemical anomalies.

Target Testing 2014 Q3 LateAugust

2014 Q3 LateAugust

Fall 2014 drilling begins, testing high-priority land based targets on theMaguire Lake focus area. A rotary air blast drill is being used to locate thebedrock source of the exceptionally anomalous radon results returnedfrom the AlphaTrack survey.

Patterson West Project

Patterson West Canada SK Saskatchewan 6,687 ha

Net Interest: 50% TCVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: 3 claim groups acquired by staking. August 2013 agreement for MakenaResources Inc to acquire 50% for $25,000 within three business days of exchange approval, withadditional cash payments of $25,000 due Dec. 31, 2013, $25,000 due June 1, 2014, and $25,000 dueJune 1, 2015. Makena is required to issue one million common shares within three business days ofTSX approval; an additional 750,000 common shares on June 1, 2014; and 750,000 common shares onJune 1, 2015. Makena is also required to issue one million share purchase warrants within threebusiness days of TSX approval. Makena will need to perform $75,000 in work commitments by Dec. 31,2013; an additional $225,000 by Sept. 30, 2014; $400,000 by Sept. 30, 2015; and $700,000 by Sept. 30,2016.

Target Metals: Uranium Model: Unconformity style Stage: 2-Target Drilling

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$20,955,200 Not Rated

Notes on Patterson West Project

The West block straddles the Athabasca Basin edge and the basement is at 130 to 200m, below Cretaceous and Recent sediments. The EasternBlock is within the Basin; unconformity is at 350 to 400m. The Northern block is also within the Basin with unconformity at 180 to 350m.

Carswell Project

Carswell Canada SK Athabasca Basin 1,723 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: Acquired by staking.

Target Metals: Uranium Model: Unconformity Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Notes on Carswell Project

The claims were acquired in August 2014. The area was part of ground held by, and explored, by Amok Ltd in the 1960's to 1990's. There is only onehistorical drill hole on the property, CAR-311, consisting of steeply dipping, interlayered altered basement and sandstone, with Cluff Breccia dykes.Several uranium showings also occur on or near the property, mostly of radioactive pegmatoid boulders.

Grease River Project

Grease River Canada SK Saskatchewan 16,145 ha

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms:

Target Metals: Uranium Model: Intrusive Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Notes on Grease River Project

The Grease River project of 15 claims is located 50 kilometres north west of the community of Black Lake. Access is by air, year round, and by winterroads. The project covers 70,084 ha in three non contiguous claim blocks that extend from Bulyea River, north of Fond du Lac, to Marytnuik Lake,north of Stony Rapids, and covers four geological domains. During the late 1960's and late 1970's extensive regional prospecting and airbornegeophysical work was carried out by the Canadian government on the project area. A very strong halo of uranium mineralization is evident from lakesediment surveys, and very high uranium - thorium background is recognized along the contacts of major structural zones. CanAlaska has spentapproximately $2.7-million on exploration of the property since 2006, and has discovered 24 uranium occurrences, one rare earth element occurrenceand one occurrence of REE plus uranium mineralization. The highest analytical result encountered from surface sample analysis on the property was550,600 parts per million (55.06 per cent) U3O8. Westcan believes that the Shearika Ridge uranium occurrences show similarity to the famousRessing deposit in Namibia, which has been mined continuously since 1976 and has produced a total of 215 million pounds of U3O8 to the end of2009. The planned program for 2010 at Shearika Ridge is to map the zone in detail, then to put down a series of 200 m deep diamond drill holes todetermine the average grade of the main alaskite sills. Drilling in 2010 failed to intersect high grade uranium.

Helmer Project

Helmer Canada SK Athabasca Basin 51,531 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms:

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Notes on Helmer Project

The project has been explored by Shell and Famok during the 1970's and early 1980's, when numerous geophysical and geochemical surveys wereperformed. During this time, two uraniferous boulder trains were located within the project area with grades of 2.4% and 2.2% U3O8.

Hodgson Project

Hodgson Canada SK Athabasca Basin 11,492 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms:

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Kasmere Project

Kasmere Canada SK Athabasca Basin 0 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms:

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Moon North Project

Moon North Canada SK Athabasca Basin 360 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms:

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

North East Wollaston Project

North East Wollaston Canada SK Athabasca Basin 0 ha

Net Interest: 5% TCVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: December 2008 memorandum of understanding with East Nickel Mining Inc.(ERI) where ERI may earn a 40% interest in the project by undertaking a minimum of 100,000 metres ofdiamond drilling within five years. ERI may earn a 70% interest in the project by undertaking a minimumof 50,000 metres of diamond drilling, successfully completing a feasibility study for a minimum economicreserve of 15 million pounds U(3)O8 and fully financing the costs of mine construction. ERI may earn an80-per-cent interest in the project by undertaking a minimum of 50,000 metres of diamond drilling,successfully completing a feasibility study for a minimum economic reserve of 35 million pounds U(3)O8and fully financing the costs of mine construction. ERI may also earn an additional 15-per-cent interestin the project to hold a cumulative 95-per-cent ownership by granting to CanAlaska a 5-per-cent grossrevenue royalty from the production and sale of minerals.

Target Metals: Uranium Rare-Earth-Metals Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$209,552,000 Not Rated

Patterson East Project

Patterson East Canada SK Saskatchewan 2,999 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: April 2013 agreement for Ashburton to earn 50% from Canalaska for $25,000cash, 2.5 million shares, share purchase warrants to CanAlaska in the amount of one million shares ofAshburton stock exercisable at a price of 10 cents per share, and cumulative expenditures in the amountof $1.4-million over a three-year period.

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Notes on Patterson East Project

Patterson West (2,999 hectares) borders the Patterson Lake South property of Alpha Minerals/Fission Energy and is located eight kilometresnorthwest of the Patterson Lake South uranium discovery. A historical drill hole indicates the basement to the Athabasca sandstones is at a depth ofonly 154 metres in the centre of the Patterson West property. Most of the project area has been covered by a recent VTEM survey, the remainder wascovered by a 1978 airborne electromagnetic equivalent to INPUT. Two basement conductors have been interpreted from the EM surveys, one of whichis adjacent to a marked magnetic lineament, suggesting a distinct structure.

Patterson North Project

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Patterson North Canada SK Saskatchewan 2,537 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: April 2013 agreement for Ashburton to earn 50% from Canalaska for $25,000cash, 2.5 million shares, share purchase warrants to CanAlaska in the amount of one million shares ofAshburton stock exercisable at a price of 10 cents per share, and cumulative expenditures in the amountof $1.4-million over a three-year period.

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Notes on Patterson North Project

Patterson North (2,537 hectares) is located eight kilometres north of the Patterson Lake South property of Alpha Minerals/Fission Energy. Based onneighbouring historical drill hole data, depth to basement unconformity has been estimated in the order of 300 metres. The project area has beencovered by a MEGATEM survey. The residual magnetic map indicates the property is located over the boundary of the Talston and Clearwaterdomain. Magnetic lineaments suggest northwest-southeast and northeast-southwest structures. The EM response shows a major conductor strikingfrom the northeast toward the property. It is possible that this structure may extend into the property.

Poplar Project

Poplar Canada SK Athabasca Basin 26,824 ha

Net Interest: 5% FCVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: June 2009 memorandum of understanding where East Resources Inc may earna 40-per-cent interest in the Poplar project by undertaking a minimum of 100,000 metres of diamonddrilling within five years. ERI may earn a 70-per-cent interest in the project by undertaking a minimum of50,000 metres of diamond drilling, successfully completing a feasibility study for a minimum economicreserve of 15 million pounds U3O8 and fully financing the costs of mine construction. ERI may earn an80-per-cent interest in the project by undertaking a minimum of 50,000 metres of diamond drilling,successfully completing a feasibility study for a minimum economic reserve of 35 million pounds U3O8and fully financing the costs of mine construction. ERI may also earn an additional 15-per-cent interestin the project to hold a cumulative 95-per-cent ownership by granting to CanAlaska a 5-per-cent grossrevenue royalty from the production and sale of minerals.

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$209,552,000 Not Rated

Ruttan Project

Ruttan Canada MB Manitoba 11,563 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: Acquired by staking in June 2012.

Target Metals: Gold Copper Zinc Model: VMS Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Waterbury Lake Project

Waterbury Lake Canada SK Athabasca Basin 6,089 ha

Net Interest: 100% WIVested: YesUncapped NSR/GOR: 0.00%

Ownership Terms: 3 claim blocks, 75% optioned to Northwestern Mineral Ventures, which canacquire a 50% interest by paying $150,000, issuing 300,000 shares, and spending $2,000,000 onexploration. NWT can increase its interest incrementally up to 75% by completing a feasibilty study. NMVdropped option.

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Target Metals: Uranium Model: Unconformity style Stage: 1-Grassroots

Implied Project Value JK Dream Target $100 million $500 million $2 billion Speculative Value

$10,477,600 Not Rated

Company Related KRO CommentsMar 16, 2016 Bottom-Fish Comment: Recommendation Strategy for Canalaska Uranium Inc

Mar 4, 2016 SVH Tracker: Uravan decides to be aggressive about marketing Outer Ring for a farmout

Nov 18, 1998 Report Sept-Oct 1998: Intl Canalaska Res Ltd - 1998 Annual Review

Dec 1, 1997 Report Sept-Dec 1997: Intl Canalaska Res Ltd - 1998 Bottom-Fish 100

Dec 1, 1997 Report Sept-Dec 1997: Intl Canalaska Res Ltd - 1997 Annual Review

Oct 10, 1997 Tracker 1997-38: Canalaska - Eastern Deeps Extension play still alive in ninth inning

Aug 21, 1997 Tracker 1997-23: Canalaska - Wow, the rock type changed!

Aug 14, 1997 Tracker 1997-19: Canalaska - Labrador deep drilling & reacquisition of Kilometre 88 concession

Dec 23, 1996 Report Nov-Dec 1996: Intl Canalaska Res Ltd = 1997 Bottom-Fish 100

Company News ReleasesMar 29, 2016 Cameco Commences Drilling at CanAlaska's West McArthur Project Cameco focusing on Alteration Zone at Major Structural

Break in C10 Conductor

Feb 24, 2016 Cameco Options CanAlaska Property Adjacent to Read Lake Property host to the High Grade Fox Lake Uranium Discovery;Cameco can Earn 60% in $12.5 Million West McArthur Deal;

Feb 18, 2016 Stakes Kimberlite Targets in Western Athabasca

Jan 29, 2016 Drilling Identifies Uranium on Prospect Bordering Fission's Patterson Discovery

Jan 25, 2016 Drilling to Commence by Denison on CanAlaska's Moon Claim

Jan 21, 2016 CanAlaska and MC Resources Canada Ltd. Agree on West McArthur Uranium Project Buyout

Jan 5, 2016 CanAlaska Options Uranium Property to Denison Mines

Dec 14, 2015 MakenaIntersects Uranium on Athabasca Drill Program

Nov 27, 2015 Drilling to Commence at Patterson West, Current Financing Postponed

Oct 28, 2015 Extension Of Financing And Attendance At New Orleans Investment Show

Sep 25, 2015 Results Of Annual General Meeting Of Shareholders

Sep 23, 2015 Amended: $5.6 Million Exploration Program Planned to Follow up Manitoba Uranium Discovery

Sep 15, 2015 Financing and AGM

Aug 24, 2015 Northern Uranium Intersects Two Highest Gamma Radiation Drill Results to Date

Jul 2, 2015 Northern Uranium Drill Hole MG15DD 0016 Intersects Highest Gamma Radiation Results To Date

Jun 19, 2015 Property Asset or Share Purchase Agreement, Property Asset or Share Disposition Agreement

Jun 17, 2015 Northern Uranium Commences Summer Drill Program at NW Manitoba

Jun 15, 2015 CanAlaska Receives Bayswater Shares And NSR For Collins Bay Option

Jun 12, 2015 CanAlaska Receives Bayswater Shares and NSR for Collins Bay Option China's Nu Nova Energy to Purchase property

May 13, 2015 Drilling at Maguire Confirms Large Alteration System Drilling to Continue in June with Two Diamond Rigs

May 8, 2015 Intention To Deregister From Reporting Requirements In USA

May 1, 2015 Sells Two Diamond Prospects in Pikoo Region and Alaska Gold Subsidiary

Apr 22, 2015 Significant Uranium Mineralization Intersected at NW Manitoba

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Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Apr 13, 2015 Strong Gravity Anomaly Discovered At Patterson West Uranium Project

Apr 7, 2015 Pacific Road Resources Funds Maintains Interest in Reno Creek Project Through Reno Creek Holdings

Mar 2, 2015 on Multiple Projects

Feb 4, 2015 Awaiting Results from Partner Funded Exploration Programs

Dec 23, 2014 Northern Uranium Issues 2,500,000 Common Shares to CanAlaska

Dec 15, 2014 Northern Uranium earns 50% interest in NW Manitoba; CanAlaska grants options

Dec 12, 2014 Northern Uranium Earns 50% in North West Manitoba Project

Dec 12, 2014 Northern Uranium Earns 50% In North West Manitoba Project

Nov 19, 2014 Grants Incentive Stock Options

Nov 10, 2014 Correction of Stock Option Exercise Price

Nov 7, 2014 Grants Incentive Stock Options

Nov 3, 2014 Removed from BCSC Delinquent Filer List - 2014/10/24 OT Filings

Sep 23, 2014 Results of the Annual General Meeting of Shareholders

Sep 2, 2014 Launches Trading on OTCQB

Aug 27, 2014 Northern Uranium Commences Drill Program

Jun 30, 2014 Kasmere South Uranium Project Sale Completed

Jun 20, 2014 Receives final RadonEx Results and Prepares Summer Drill Program for its Northwest Manitoba Uranium Project

Jun 18, 2014 Cree East Project Drill Target Extended: Drill Ready

Jun 3, 2014 MPVC Drill Update At Its Northwest Manitoba Uranium Project

Jun 3, 2014 MPVC Drill Update At Its Northwest Manitoba Uranium Project

May 22, 2014 MPVC's Second Drill Arrives at NW Manitoba Uranium Project

May 14, 2014 MPVC Commences Drilling at NW Manitoba Uranium Project

Apr 9, 2014 Strongly Anomalous Radon Results Received From MPVC NW Manitoba Project

Apr 1, 2014 Kasmere Sales Agreement

Jan 7, 2014 Appoints Honorable Kathleen Kennedy Townsend as Director

Dec 27, 2013 New Listing Shares, Correction

Dec 27, 2013 CanAlaska Winter Budgets and Shareholder Update

Dec 27, 2013 Bulletin 2013 1371

Dec 24, 2013 New Listing Shares

Dec 24, 2013 Delisting Review

Dec 2, 2013 Bulletin 2013 1248 Trader Note

Nov 29, 2013 TSX Delisting Review CanAlaska Uranium Ltd. (CVV)

Nov 8, 2013 MPVC Updates On Technical Report For Northwest Manitoba Property

Nov 5, 2013 Confirms Application to List on the TSX Venture Exchange; Grant of Incentive Stock Options

Nov 1, 2013 43 101 Filing And Shareholder Update

Nov 1, 2013 Delisting Review

Nov 1, 2013 TSX Delisting Review CanAlaska Uranium Ltd.

Oct 4, 2013 MPVC Signs Option Agreement With Canalaska Uranium To Acquire Up To 80% Interest In Northwest Manitoba UraniumProperty

Oct 2, 2013 Results of the Annual General and Special Meeting Of Shareholders

Page 22: Home / Companies KRO Profile KRO Company Profilearcticstar.ca/wp-content/uploads/2017/08/kaiser.pdf · RS Search Web Site Tree Forum SEDAR Quote IPV ... The score is the average of

Kaiser Research Online - KRO Profile - Canalaska Uranium Ltd (CVV-V) - Tue Apr 5, 2016

http://www.kaiserresearch.com/s4/CompanyProfile.asp?ReportID=61549&_Type=KRO-Profile&_Title=Canalaska-Uranium-Ltd-CVV-V[4/05/16 3:33:19 PM]

Sep 26, 2013 NW Manitoba Uranium Property Agreement

Sep 26, 2013 IIROC Trading Halt Re CanAlaska Uranium Ltd. Pending News

Sep 20, 2013 Property Update

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