WESTCAN URANIUM EXTENDS OPTION PERIOD ON KEY LAKE AND CREE WEST PROJECTS
Friday August 6th, 2010

WestCan Uranium Corp. is pleased to announce that the Company has completed negotiations with CanAlaska Uranium Ltd., to extend the Key Lake and the Cree West Project Options for a period of one year, beginning August 21st, 2010. In consideration for the extension, WestCan will issue 125,000 shares for each option agreement, totaling 250,000 shares.

If, during the one year extension period, WestCan allows any of the 3 mineral claims, whose anniversary dates are in January 2011, to pass their anniversary date without having performed the assessment work, then WestCan shall compensate CanAlaska Uranium as follows:

1. WestCan shall pay the assessment charges of approximately $32,400, in a cash payment within 15 business days following the anniversary date.

2. If the cash payment in not made within the 15 day period, WestCan shall issue to CanAlaska, the number of WestCan shares equal in value to the annual assessment charge of the expired claim, calculated on the average closing price of WestCan Uranium shares for the prior 15 trading days. There are no other claims due prior to August 1, 2011.
   

This agreement is subject to approval by the TSX Venture Exchange.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

We seek Safe Harbor.