YEL

Macusani Yellowcake Inc. (the "Company" or "YEL") (TSX
VENTURE:YEL)(FRANKFURT:QG1) today reported the previously unannounced results of
historic drilling completed by Southern Andes Energy Inc. ("Southern Andes") and
an initial interpretation of their geological database acquired as a result of
the merger completed in April 2012.


Highlights



--  The Company has completed its review and interpretation of the Southern
    Andes database and believes that significant uranium mineralization
    targets can be developed, which may assist Macusani Yellowcake in
    achieving its 2013 corporate resource target of 55 to 65 million pounds
    of U3O8.  
    
--  Existing data in this historic database will be reviewed by The Mineral
    Corporation, a South Africa-based mining consulting firm, with the goal
    of calculating additional NI 43-101 compliant mineral resources during
    2013. 
    
--  The Company continues to drill three target areas with five drills:
    three on Kihitian to test the Quebrada Blanca and Chilcuno Chico
    anomalies, and two at Tupuramani (a new target) to test the extension of
    the Colibri 2 and 3 anomalies.



Drill Results

Selected historic assay results contained in the Southern Andes database from
the areas drilled on the eastern side of the Macusani plateau are shown in the
following table:




----------------------------------------------------------------------------
Target Area /      End of   From     To  Intersection (i)  Grade       Grade
Drill hole       Hole (m)    (m)    (m)               (m)   (ppm)  (lbs/ton)
----------------------------------------------------------------------------
AGATON                                                                      
A0 6-6              24.38   0.00  17.52             17.52     740      1.480
----------------------------------------------------------------------------
PUNCOPATA                                                                   
PUN 06-01           47.24  23.22  47.24             24.02     277      0.554
----------------------------------------------------------------------------
CALVARIO II                                                                 
CII 07-15           70.10   1.00  11.00             10.00      40      0.080
                           15.00  55.00             40.00     220      0.440
----------------------------------------------------------------------------
CALVARIO I                                                                  
CI 07-02            50.29  24.00  50.29             26.29     556      1.112
----------------------------------------------------------------------------
CI 07-28            60.96  22.00  60.00             38.00     195      0.390
----------------------------------------------------------------------------
CALVARIO III                                                                
CIII 07-26          83.82  37.00  69.00             32.00     274      0.548
----------------------------------------------------------------------------
CIII 07-54          80.77  34.00  80.77             46.77     151      0.302
----------------------------------------------------------------------------
(i) The widths above are drill intercepts and not true widths. True widths  
have not been determined.                                                   



President and CEO, Dr. Laurence Stefan, stated: "The amount of historic drilling
completed on the property in 2006-2007 is impressive. About 65% of the
historical database can be used in support of future NI 43-101 resource models.
We are encouraged that more anomalous areas had been drilled, some of which
appear to be direct extensions of known mineralization and anomalies of YEL's
previous ground, where the size and shapes of the anomalies are well defined.
Revalidation work continues and we expect to obtain resources modeled on this
database sometime during 2013. We believe that targeted drilling along these
radiometric anomalies has the potential to produce sizeable mineral resources
and enable us to reach our 2013 corporate resource target of 55 to 65 million
pounds of uranium."


The drill core preserved by the earlier exploration activity has been
transported to YEL's new core shed and storage facility. The assays and drilling
data from very shallow drilling in the Calvario I, II and III, Puncopata and
Agaton areas are very encouraging. The Company believes that future geological
modeling and resource calculation in these areas can increase YEL's existing
geological resource base and impact positively on the economic study of uranium
mine development on the Macusani plateau. Once identified, reclassified and
remodeled all of these previous drill results and exploration data will be sent
to The Mineral Corporation in Johannesburg, South Africa for inclusion in an
updated resource estimate for the newly designated areas. 


The Company notes that the host rock of the mineralization is the same young age
Macusani rhyolite rock that displays disseminated and fissure-controlled uranium
minerals, principally meta-autunite and autunite. In YEL's existing geological
resources, similar mineralization was demonstrated to exhibit high metallurgical
recoveries, between 91 and 97% (see YEL press release dated August 9, 2012).
Metallurgical testing of the historical Southern Andes core material will start
shortly.


Interpretation of Geological Data from Southern Andes

Following the merger with Southern Andes, the Company obtained electronic and
hard copies of a database comprised of the available geological and technical
information from the initial drilling campaign in 2006-07 by Frontier Pacific in
joint venture with Solex Resources Corp., the former name of Southern Andes.
This database also includes some basic mapping completed by Southern Andes in
2010 and 2011.


"Working with historic data acquired from third parties can sometimes pose
challenges given standards and technology used at the time," added Dr. Stefan.
"Over the past six months we have been working diligently to upgrade the quality
of the data and feel confident that the results are reliable and that our
interpretations are valid."


The Company started processing the historic database but was initially delayed
by the lack of access to the primary information, missing data and large gaps in
the database. Over the last six months YEL has been able to fill some of the
missing gaps and discard any incomplete information. The database has been
upgraded, re-filed and reclassified using Arcview, CAD and Gemcom software. It
appears that this historic work was aimed at defining small radiometric
anomalies from reconnaissance studies. It is apparent that the shapes and sizes
of these anomalies were poorly defined by this historic drilling and inclusion
into YEL's modeling shows that the drilling was executed, in many cases, across
the main mineralized structures. It is also is evident that a majority of the
drilling was very shallow, at only 40-60 m from surface, with inclined drill
holes at 55 degrees that rarely offered vertical exposures of the
litho-stratigraphy deeper than 40m from surface. As a direct result many of
these drill holes were stopped in mineralization. Toward the end of the drilling
program some inclined holes were drilled to 70 and 80m depth and no vertical
holes were drilled. 


The exploration program was focused on the concessions Calvario I, II and III
that are situated northeast of the Corachapi concession, which contains an
estimated NI 43-101 compliant resource. The Agaton area, in the Samilio I
concession, is located south of Colibri 2 and 3, which also contains an
estimated NI 43-101 compliant resource. The Puncopata area, in the Triunfador I
concession is situated northeast of the Corachapi concession. A map illustrating
these exploration areas is available at www.macyel.com/pr27nov2012/.


Current Exploration

At present, the Company continues to operate 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

Frontier Pacific used ALS Chemex (greater than 50%), SGS as well as CIMM for
analysis of drill core, however, the quality control and exact analytical
procedures used by Frontier Pacific were not released publicly and are unknown
at the time. The reader is cautioned that, although management of Macusani
Yellowcake are confident of the data, there is not sufficient information
regarding these processes at this time.


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
south-eastern 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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