Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) (the "Company") is
pleased to announce further positive drilling results for the Corachapi uranium
deposit located on the Macusani Plateau, Puno district in southeastern Peru. The
results continue to return significant uranium mineralization over long
intervals including 50.0 metres with a weighted average grade of 0.077% U3O8
(164.0 feet grading 1.545 pounds of U3O8 per ton), 64.0 m at 0.056% U3O8 (209.9
feet grading 1.151 lbs/t U3O8), and 44.0 m at 0.083% U3O8 (144.3 feet grading
1.661 lbs/t U3O8). 


Drilling Results



  1  Borehole CW-1760-10         CORA          EOH = 54.76m                
     ----------------------------------------------------------------------
            From (m)        To (m)  Interval (m)    U3O8 (ppm)        lbs/t
     ----------------------------------------------------------------------
               0.00         50.00         50.00        772.57         1.545
     ----------------------------------------------------------------------
                                                                           
  2  Borehole CW-1040-06         CORA          EOH = 73.10m                
     ----------------------------------------------------------------------
            From (m)        To (m)  Interval (m)    U3O8 (ppm)        lbs/t
     ----------------------------------------------------------------------
               0.00         64.00         64.00        575.26         1.151
     ----------------------------------------------------------------------
                                                                           
  3  Borehole QC-0400-09         CORA          EOH = 52.30m                
     ----------------------------------------------------------------------
            From (m)        To (m)  Interval (m)    U3O8 (ppm)        lbs/t
     ----------------------------------------------------------------------
               1.00          9.00          8.00        941.17         1.882
     ----------------------------------------------------------------------
              12.00         35.00         23.00      1,139.69         2.279
     ----------------------------------------------------------------------
              39.00         44.00          5.00        558.80         1.118
     ----------------------------------------------------------------------
AVG            0.00         44.00         44.00        830.37         1.661
     ----------------------------------------------------------------------



Peter Hooper, President, stated that, "The results we have issued today for our
Corachapi properties continue to support our belief that the Company's Macusani
Plateau properties contain sizable economic uranium deposits. Earlier this year
the Company announced a positive Preliminary Economic Assessment on the Colibri
2 and 3 properties showing 20.7% IRR (see April 26, 2010 press release), based
on much lower grades than we have announced in this release. Also, results from
our Kihitian concession exhibited grades of up to 11% U3O8 (see Jan. 13, 2010
press release); these results coupled with the latest Corachapi drill results
demonstrate that we may be sitting on sizeable high-grade, near-surface uranium
deposits." 


These latest Corachapi drill results are from confirmation holes within the area
previously drilled by RAM Resources Ltd. ("RAM")(formerly Contact Resources),
and initially analysed by SRK Perth in Australia. 


About the Corachapi Property

The Corachapi property is located one kilometre to the south of the Colibri I-V
properties owned by Macusani Yellowcake, towards the northern edge of the
Macusani Plateau. The current resource comprises four closely-spaced outcropping
zones of high grade U3O8 mineralisation (principally autunite) hosted by
flat-lying ignimbrite volcanic rocks. The known zones at Corachapi collectively
total 2.5 km in strike length and are up to 106.5 m in width and are known to be
40-50 m in vertical thickness.


Macusani Yellowcake acquired the Corachapi properties, including all relating
technical data from RAM Resources Ltd. (ASX:RMR) in June 2009 (see June 30, 2009
press release). RAM completed over 10,000 m of drilling in 193 diamond drill
holes on Corachapi which covers the largest radiometric anomaly outlined by
Instituto Peruano de Energia Nuclear (IPEN) in the 1980s. In September 2009 (see
Sept. 9, 2009 and Sept. 29, 2009 press releases), Macusani announced high grade
results including 0.06% of U3O8 over 36 m and 0.05% of U3O8 over 49 m from two
of the 87 unassayed drilled holes by RAM.


Qualified Persons

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


About Macusani Yellowcake

Macusani Yellowcake Inc. is a Canadian uranium exploration company with over
24,000 hectares (240 km2) of mineral properties in southeastern Peru, on the
Macusani Plateau. The shares are traded on the TSX Venture Exchange under the
symbol 'YEL' and on the Frankfurt Exchange under the symbol 'QG1'.


There are 59,881,284 common shares of Macusani Yellowcake Inc. outstanding.

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.


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