YEL

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to announce assay results from an additional seven drill holes from the
ongoing drilling program at the Chilcuno Chico anomaly on the Kihitian Property
in Puno, Peru. These results continue to extend both the Manto "A" and deeper
Manto "B". The best result was from drill hole PT-CH26-TNE with an 18m
intersection from 197m to 215m that returned a weighted average of 762ppm U3O8
(or 1.524 lbs/ton) including a higher-grade zone of 9m that averaged 1,459ppm
U3O8 (or 2.918 lbs/ton) - see below for all results.


"Our latest drill results continue to validate our decision to acquire
properties and consolidate our position on the Macusani Plateau," said Dr.
Laurence Stefan, President and CEO. "The drill results and related geological
model suggest that Manto B is a continuous mineralised layer that appears to
extend towards the neighbouring properties we acquired from the merger with
Southern Andes Energy." 


Selected assay results from boreholes drilled at Chilcuno Chico include:



----------------------------------------------------------------------------
                    Depth     From       To  Intersection    Grade     Grade
                      (m)      (m)      (m)        (m)(i)    (ppm) (lbs/ton)
----------------------------------------------------------------------------
PT-CH26-TNE        231.50   197.00   215.00         18.00      762     1.524
Including                   205.00   214.00          9.00    1,459     2.918
----------------------------------------------------------------------------
PT-CH28-TSE        241.50   130.00   133.00          3.00      899     1.798
        and                 143.00   167.00         24.00      500     1.000
Including                   145.00   152.00          7.00      884     1.768
and including               162.00   166.00          4.00    1,129     2.258
        and                 173.00   178.00          5.00      446     0.892
----------------------------------------------------------------------------
PT-CH24-TSW        226.50    23.00    32.00          9.00      224     0.448
Including                    23.00    25.00          2.00    1,102     2.204
        and                 129.00   131.00          2.00      522     1.044
        and                 142.00   174.00         32.00      315     0.630
Including                   148.00   150.00          2.00    1,554     3.108
and including               157.00   164.00          7.00      508     1.016
----------------------------------------------------------------------------
PT-CH11-TNW        301.90   191.00   207.00         16.00      296     0.592
Including                   202.00   204.00          2.00    1,988     3.976
----------------------------------------------------------------------------
PT-CH11-TSW        322.00   196.00   198.00          2.00      246     0.492
        and                 215.00   228.00         13.00      486     0.972
Including                   222.00   225.00          3.00    1,294     2.588
----------------------------------------------------------------------------
PT-CH25-TNE        270.00   128.00   132.00          4.00      339     0.678
        and                 164.00   169.00          5.00    1,089     2.178
Including                   166.00   168.00          2.00    2,670     5.340
        and                 174.00   176.00          2.00      449     0.898
        and                 181.00   182.00          1.00      344     0.688
----------------------------------------------------------------------------
PT-CH25-TNW        278.50   174.00   192.00         18.00      478     0.956
Including                   174.00   181.00          7.00      590     1.180
and including               184.00   186.00          2.00    2,005     4.010
----------------------------------------------------------------------------



(i) The widths above are drill intercepts and not true widths. True widths have
not been determined. 


These results are from holes drilled towards the west and southwest from the
initial holes drilled at the Chilcuno Chico target on the Kihitian concession.
To date, drilling within the Chilcuno Chico anomaly has delineated an area of
roughly 800m x 800m that remains open in all directions as far as "Manto B" is
concerned. While the "Manto A" structure shows continuity there is less
consistency with respect to its shape and the occurrence of uranium
mineralization compared to "Manto B".


Current Exploration

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.  


In the meantime, the drilling program on the Quebrada Blanca anomaly at
Kihitian, located to the north of the Chilcuno Chico anomaly, has intersected
uranium mineralization in numerous drill holes that penetrated Manto "B" close
to surface as well as a newly as yet unnamed mineralized horizon located below
Manto "B". (See the Company's press release dated December 10, 2012.) 


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 analyzed 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/

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