YEL

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to report further high-grade intersections from its ongoing drilling
program at the Quebrada Blanca anomaly on its flagship Kihitian Property, which
is located in south-eastern Peru.


Highlights



--  The Company has completed 4 511 m of drilling on the Quebrada Blanca
    anomaly to date and has published results from the initial 10 holes
    including one of the Company's most significant results from hole #QB36-
    TSW, which returned a weighted average of 1 530 ppm U3O8 over 22.0 m (or
    3.06 lbs/ton over 72.2 ft) (see news release dated October 17, 2012). 
    
--  The new results include high grade uranium assays returning a weighted
    average of 9 286 ppm U3O8 over 2.0 m from 20.0 to 22.0 m (or 18.57
    lbs/ton over 6.6 ft). 
    
--  All ten platforms drilled to date at Quebrada Blanca have intersected
    the mineralized manto "B" target. 
    
--  A new mineralized target intersected 80-100 m below manto "B". 



Drill Results

Selected assay results from boreholes drilled on platforms 34, 36, 42 and 44
include:




----------------------------------------------------------------------------
                       Depth    From      To  Intersection  Grade      Grade
Drill hole               (m)     (m)     (m)           (m)  (ppm)  (lbs/ton)
----------------------------------------------------------------------------
PT-QB44-TV             139.0     9.0    30.0          21.0    927       1.85
            including           20.0    22.0           2.0  9,286      18.57
                               116.0   123.0           7.0    326       0.65
----------------------------------------------------------------------------
PT-QB44-TNW            105.0     3.0     5.0           2.0    205       0.41
                                19.0    29.0          10.0    843       1.69
            including           22.0    26.0           4.0  2,064       4.13
----------------------------------------------------------------------------
PT-QB36-TNW             93.0   15.00   25.00         10.00    869       1.74
            including          19.00   23.00          4.00  2,052       4.10
----------------------------------------------------------------------------
PT-QB36-TNE            109.0   17.00   33.00         16.00    371       0.74
            including          21.00   24.00          3.00  1,604       3.21
                               40.00   42.00          2.00    170       0.34
----------------------------------------------------------------------------
PT-QB42-TNW            115.0   38.00   72.00         34.00    327       0.65
            including          45.00   51.00          6.00  1,075       2.15
----------------------------------------------------------------------------
PT-QB34-TNW            114.0   17.00   23.00          6.00     61       0.12
                               35.00   37.00          2.00    785       1.57
                               45.00   69.00         24.00    156       0.31
                              103.00  106.00          3.00     97       0.19
----------------------------------------------------------------------------
PT-QB36-TV             150.0   13.00   25.00         12.00    218       0.44
            including          19.00   24.00          5.00    403       0.81
                              124.00  132.00          8.00    125       0.25
----------------------------------------------------------------------------
                                                                            
(i) The widths above are drill intercepts and not true widths. True widths  
have not been determined.                                                   



The Quebrada Blanca anomaly is located approximately 2 km northwest of the
Chilcuno Chico anomaly on the Kihitian property, on the northwest border of the
concession. A map and a vertical cross section can be found on the Company's
website at: http://www.macyel.com/pr10dec2012/.


Drill holes PT-QB44-TV and PT-QB36-TV appear to have discovered a new
mineralized horizon occurring at depths between 80 to 100 metres below manto
"B". This new mineralized sequence, also intercepted in hole 42V, has a
thickness of 7-8 m and grades ranging from 0.25 to 0.65 lbs/ton.


President and CEO, Dr. Laurence Stefan, stated: "The latest assays at the
Quebrada Blanca anomaly continue to demonstrate the encouraging near surface
uranium mineralization potential of the western area of the Kihitian concession.
In addition, the presence at depth of a new mineralized sequence located 100m
below manto "B", consistently intercepted by three vertical boreholes, is a new
addition to our geological model. We now have discoveries covering a 5 km strike
length and continue to explore with three drills on the Kihitian property."


Several intersections of high-grade uranium from Quebrada Blanca were previously
reported in the Company's press releases dated May 17, 2012, August 21, 2012 and
October 17, 2012. Historically, one of the most significant boreholes on the
Quebrada Blanca anomaly was on platform 43 from borehole #QB43-TV1 returning a
weighted average of 26 717 ppm U3O8 over 5.0 m from 34.0 to 39.0 m (or 53.43
lbs/ton over 16.4 ft). The drill hole was abandoned due to technical
difficulties and ended in mineralization.


The host of the mineralization is the same young age Macusani rhyolite rock that
displays disseminated and fissure-controlled uranium minerals. The main mineral
species are meta-autunite and autunite that have demonstrated to provide high
metallurgical recoveries, between 91 to 97% (see the Company's press release
dated August 9, 2012).


Previous assay data, maps and a sample cross section are available on the
Company's website at www.macyel.com/kihitian/.


Current Exploration

Drilling continues at the Quebrada Blanca anomaly, with one rig extending the
drilling activities towards south and east of the main ravine, in order to test
at depth visual uranium mineralization that outcrops on surface.


At present, the Company is operating five diamond drill rigs on the Macusani
plateau: three drills on the Kihitian project (one drill at Quebrada Blanca and
two drills at Chilcuno Chico) and two drills that have recently started working
at the new Tupuramani anomaly in order to test the western extension of Colibri
2 and 3. The exploration target for the Company is to reach 55 million to 65
million pounds of uranium resources by the end of 2013.


Previous assay data, maps and a sample cross section are available on the
Company's website at www.macyel.com/properties/.


Quality Control and Analytical Procedures

Core samples have been crushed and representative samples analysed for Uranium
(U) abundance and a suite of 40 elements. The necessary analytical quality
control and assurance has been completed by insertion of reference material,
duplicate samples and blank material. After crushing, the core is placed in
sealed bags and shipped to the CIMM's preparation laboratories in Juliaca, Peru.
Following the preparation stage, the sample pulps are sent to CIMM analytical
laboratory in Lima where U and a suite of forty other elements are analysed
using ICP-MS methodology.


CIMM Peru is an ISO certified assay laboratory. The program is designed to
include a comprehensive assay quality control routine comprising the systematic
use of standards, blanks and field duplicate samples. Secondary laboratories are
used for check assaying.


Qualified Person

Mr. Ian Foreman, P.Geo., of Foremost Geological Consulting, an independent
consultant to the Company, is a Qualified Person as defined under National
Instrument 43-101, and has reviewed and approved the scientific and technical
data contained in this release.


About Macusani Yellowcake

Macusani Yellowcake Inc. is a Canadian uranium exploration and development
company focussed on the exploration of its properties on the Macusani Plateau in
southeastern Peru. The Company owns a 99.5% interest in concessions, which cover
over 90,000 hectares (900 km2) and are situated near significant infrastructure.
Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol 'YEL'
and the Frankfurt Exchange under the symbol 'QG1'. The Company has 159,473,613
shares outstanding. For more information please visit www.macyel.com.


This news release includes certain forward-looking statements concerning the
future performance of Macusani's business, operations and financial performance
and condition, as well as management's objectives, strategies, beliefs and
intentions. Forward-looking statements are frequently identified by such words
as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and
similar words referring to future events and results. Forward-looking statements
are based on the current opinions and expectations of management. All
forward-looking information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative nature of
mineral exploration and development, fluctuating commodity prices, competitive
risks and the availability of financing, as described in more detail in the
Company's recent securities filings available at www.sedar.com. Actual events or
results may differ materially from those projected in the forward-looking
statements and Macusani cautions against placing undue reliance thereon. Neither
Macusani nor its management assume any obligation to revise or update these
forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Macusani Yellowcake Inc.
Laurence Stefan
President and CEO
+1-416-628-9600
laurence@macyel.com


Website: www.macyel.com
Facebook: www.macyel.com/facebook/
Twitter: www.twitter.com/macusani/

(TSXV:YEL)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

(TSXV:YEL)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024