Macusani Yellowcake Reports Updated Drill Results

Macusani Yellowcake Reports Updated Drill Results 
TORONTO, ONTARIO -- (Marketwire) -- 01/30/13 -- Macusani Yellowcake
Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) today announced
that drill results reported on January 24, 2013 included a
miscalculation for the grade of a 2 meter intersection (from 49.0m)
on Borehole PT-QB32-TNW.  
The correct drill result is included in the revised table below.  


 
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                       Depth    From      To  Intersection   Grade     Grade
                         (m)     (m)     (m)        (m)(i)   (ppm) (lbs/ton)
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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   1,164     2.327
including                      49.00   50.00          1.00   6,770    13.540
----------------------------------------------------------------------------
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
----------------------------------------------------------------------------

 
Dr. Laurence Stefan, President and CEO of Macusani Yellowcake,
commented, "The miscalculation is regrettable and unfortunate. The
resulting new interval is still a very good result. We remain
confident in our efforts to advance our Kihitian project to date, and
expect to complete an updated resource calculation in Q2 of this
calendar year." 
Previous assay data, maps and a sample cross section are available on
the Company's website at www.macyel.com/properties/. 
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.  
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. 
Contacts:
Macusani Yellowcake Inc.
Laurence Stefan
President and CEO
+1-416-628-9600
laurence@macyel.com
www.macyel.com 
Facebook: www.macyel.com/facebook/
Twitter: www.twitter.com/macusani/