Cluff Lake Property, Saskatchewan

(See News Release – November 27, 2009) Hawk Uranium Inc. has entered into an agreement with CanAlaska Uranium Ltd. to sell Hawk’s 100% interest in mineral claims and project data for the Cluff Lake Project located in the Western Athabasca Basin, Saskatchewan in consideration for 1,250,000 CanAlaska shares and a cash payment of Cdn. $62,500.00.  Hawk will retain a Net Smelter Return (NSR) of 2.5%, of which 2% will be purchasable by CanAlaska for payments of Cdn. $2.0 million.  The agreement is subject to the approval of the TSX Venture Exchange.

PROPERTY DESCRIPTION:
Hawk acquired, by staking, a 100% interest in a total of six (6) mining claims in the Carswell Impact Structure of the Athabasca Basin in Northern Mining District, Saskatchewan immediately contiguous to the former producing Cluff Lake Uranium mine. The 6 claims cover approximately 16,239 hectares (40,127 acres).

PROPERTY GEOLOGY:
The Cluff Lake Uranium Project of Hawk Uranium Inc occurs within a highly deformed sequence of sedimentary rocks of the Athabasca Formation surrounding steeply dipping granite gneisses, lit-par-lit gneisses and related rocks, which forms the central core of the structure. These units are overlain unconformably by a concentric ring of conglomerates, grit and sandstones which in turn are again overlain by the Carswell dolomite. The entire package of rocks is subsequently cut by dyke-like bodies of the Cluff breccias which fill transcurrent faults.

The dominating structure of Hawk`s Cluff Lake Uranium Property was created by the Carswell meteoritic impact.

The basement complex of the Cluff Lake Area was exposed by central uplift of the Carswell Structure and is associated with graphitic units. These units have been subsequently overturned and faulted by the meteoritic impact, but are still mostly basement hosted deposits close to the basal unconformity of the Athabasca Basin.

The basement complex of the Carswell structure has been interpreted to be part of the Rae Province that extends under the Athabasca Basin from the north and recent geochronology shows that magmatism coeval with the Talston magmatic zone also affected both of these regions

The Cluff lake Uranium Project offers two types of mineralization potential:

(1) Cluff Lake-style uranium in basement rocks within the Carswell Impact structure close to the unconformity with the sandstones of the Athabasca Basin
(2) Shea Creek style unconformity uranium deposits associated with conductors within large magnetic lows

PREVIOUS WORK COMPLETED:
Previous work done by former claims holders – early stage exploration project.

CURRENT WORK PROGRAM:
Geotech of Aurora, Ontario, completed a helicopter-borne Versatile Time Domain Electromagnet (VTEM) and Magnetic Survey over the entire property, (see news release April 18, 2008). In excess of 2000 line km were flown at 100m line spacing. Geotech completed this survey by the end of April, 2008. The final interpretation of this survey was conducted by Condor Consulting of Lakewood, Colorado and their Report, which has been received, is currently under review by the Company.

2008 Summary:
Heliborne electromagnetic (VTEM) & magnetic geophysical surveys completed. Final interpretation has been received from Condor Consulting Colorado

CURRENT WORK PROGRAM: