YEL

Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) ("Macusani" or the
"Company") announced today that it has adopted an amendment to its by-laws,
similar to by-law amendments and policies recently adopted by a number of other
Canadian public companies, requiring advance notice to the Company for
nominations of directors by shareholders other than through a requisitioned
meeting or by way of a shareholder proposal pursuant to applicable corporate
laws. 


The by-law amendment is not intended to discourage director nominations but
rather to facilitate orderly and efficient meetings at which directors are to be
elected and to permit shareholders to register an informed vote by allowing them
to receive sufficient information with respect to all director nominees and
reasonable time for appropriate deliberation.


The by-law amendment provides shareholders, directors and management of the
Company with a clear framework for nominating directors in an orderly and fair
manner. The by-law amendment fixes a deadline by which holders of record of
common shares of the Company must submit director nominations to the Company
prior to any annual or special meeting of shareholders and sets forth the
information that a shareholder must include in the notice to the Company for the
notice to be in proper written form in order for any director nominee to be
eligible for election at any annual or special meeting of shareholders.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 nor more than 65 days prior to the date of the annual
meeting; provided, however, that in the event that the annual meeting is to be
held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made. 


The by-law amendment is effective immediately and will be placed before
shareholders for confirmation at the Company's annual and special meeting of
shareholders to be held on January 28, 2013. To be deemed to be timely
delivered, notice in accordance with the by-law amendment of persons to be
nominated for election as directors at the January 28, 2013 meeting must be
received by the Secretary of the Company no later than 5:00 p.m. (Toronto time)
on December 28, 2012. A copy of the by-law amendment has been filed and is
available under the Company's profile at www.sedar.com. 


About Macusani Yellowcake Inc.

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.


Website: www.macyel.com

Facebook: www.macyel.com/facebook/   

Twitter: www.twitter.com/macusani/    

FOR FURTHER INFORMATION PLEASE CONTACT: 
Macusani Yellowcake Inc.
Philip Gibbs
CFO & Secretary
+1-416-628-9600
philip@macyel.com
www.macyel.com

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