Macusani Yellowcake Reports New Near-Surface, High-Grade

Macusani Yellowcake Reports New Near-Surface, High-Grade Uranium
Drill Results and Provides Update on Current Exploration Program 
TORONTO, ONTARIO -- (Marketwire) -- 01/24/13 -- Macusani Yellowcake
Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is pleased to
report more high-grade intersections from five new drill holes from
its ongoing drilling program at the Quebrada Blanca mineralized area
on its Kihitian Property, on the Macusani plateau in south-eastern
The best intersections were encountered on platforms 32 and 34. On
platform 34 from borehole #QB34-TSE returned a weighted average of
1,902 ppm U3O8 over 14.0m from 15.0 to 29.0m (or 3.804 lbs/ton over
45.9 ft) including 8.0m at 3,286 ppm U3O8 (or 6.572 lbs/ton over 26.2
On platform 32 the best intersection was provided by borehole
#QB32-TNW that returned a weighted average of 2,273 ppm U3O8 over
6.0m from 48.0 to 54.0m (or 4.546 lbs/ton over 19.6 ft) including
2.0m at 13,425 ppm U3O8 (or 26.850 lbs/ton over 6.5 ft). 
President and CEO, Dr. Laurence Stefan, stated: "These results
continue to enlarge the mineralized area at the Quebrada Blanca
anomaly and will be included in the new geological model and resource
calculation that we expect to produce in Q2 of this calendar year". 
Assay results from boreholes drilled on platforms 32, 34 and 42 at
Quebrada Blanca are listed in the table below: 

                      Depth    From      To  Intersection   Grade      Grade
                        (m)     (m)     (m)        (m)(i)   (ppm)  (lbs/ton)
PT-QB34-TSE          115.50   15.00   29.00         14.00   1,902      3.804
including                     18.00   26.00          8.00   3,286      6.572
                              56.00   57.00          1.00      81      0.162
PT-QB32-TNW          100.50   48.00   54.00          6.00   2,273      4.546
including                     49.00   51.00          2.00  13,425     26.850
PT-QB32-TSE          151.00    4.00    6.00          2.00     106      0.212
                              11.00   14.00          3.00      77      0.154
                              36.00   51.00         15.00     876      1.752
including                     37.00   43.00          6.00   1,537      3.074
including                     48.00   50.00          2.00   1,843      3.686
PT-QB42-TNW          115.00   38.00   72.00         34.00     327      0.654
including                     45.00   51.00          6.00   1,075      2.150
PT-QB32-TSW          121.50   25.00   28.00          3.00     124      0.248
                              33.00   58.00         25.00     275      0.550
(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: 
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 
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 CERTIMIN's preparation laboratories in Juliaca, Peru.
Following the preparation stage, the sample pulps are sent to
CERTIMIN analytical laboratory in Lima where U and a suite of forty
other elements are analysed using ICP-MS methodology. 
CERTIMIN 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
Update on Current Exploration 
Drilling continues at the Quebrada Blanca anomaly, with one rig
extending the drilling activities towards south and east of the main
ravine. The purpose is 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
work at the new Tupuramani anomaly in order to test the western
extension of Colibri 2 and 3. Results from the drilling at Tupuramani
appear to be very similar in grade and volume with the mineralization
modeled at Colibri 2 and 3 and will be released during February 2013. 
Previous assay data, maps and a sample cross section are available on
the Company's website at 
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 
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
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Macusani Yellowcake Inc.
Laurence Stefan
President and CEO
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