YEL

Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) ("Macusani" or the
"Company") announced today that it plans to ask shareholders to also consider
the ratification of the Company's shareholder rights plan ("Plan") as other
business at the Company's upcoming annual and special meeting of shareholders to
be held in Toronto on January 18, 2013. The Plan was originally ratified by
shareholders on March 3, 2010 and requires re-ratification every three years to
remain effective. A copy of the Plan was filed on SEDAR on February 2, 2010 and
is available for viewing and download under the Company's profile at
www.sedar.com. A summary of the Plan is also available in the Company's
management information circular dated February 1, 2010 and filed on SEDAR on
February 8, 2010. The Plan has not been amended since it was originally adopted
and is intended to address the Company's concerns that current legislation does
not provide sufficient time for the Board and shareholders of the Company to
properly evaluate an unsolicited takeover bid or pursue alternatives with a view
to maximizing shareholder value. The Plan seeks to ensure that all shareholders
of the Company have an equal opportunity to participate in the benefits of a
takeover bid.


How To Vote Against Ratification of the Plan by Proxy

The form of management proxy previously distributed to shareholders provides
management with discretionary authority to vote on other matters properly coming
before the meeting and it is intended that all such proxies will be voted in
favour of ratification of the Plan. Accordingly, registered and non-registered
shareholders who have previously provided a proxy or Voting Information Form
(VIF) in hard copy or online in favour of management and wish to vote in favour
of the ratification of the Plan need not take any further action.


Online voting for both registered and non-registered shareholders has been
amended to add voting on ratification of the Plan. Shareholders who wish to vote
against the Plan may do so online if they have not yet voted and also if they
wish to change their previously submitted voting instructions. Shareholders
should log on to the appropriate website(www.voteproxyonline.com for registered
holders and www.proxyvote.com for non-registered holders) using the same control
number noted on the original proxy or VIF. Registered shareholders may also
obtain a hard copy of the revised form of proxy permitting registered
shareholders to vote against ratification of the Plan by printing or downloading
a copy from the Company's profile on SEDAR (www.sedar.com) or may request a copy
from the Company by phone ((416) 628-9600) or e-mail (lance@macyel.com).
Completed proxies should be sent to the Company's transfer agent, Equity
Financial Trust Company, by fax at (416) 595-9593 or mail to 200 University
Avenue, Suite 400, Toronto, Ontario M5H 4H1, so as to be received no later than
the proxy cut-off of 4:00 p.m. (Toronto time) on Thursday, January 24, 2013. A
later filed proxy or VIF will automatically revoke any previously filed proxy or
VIF. 


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 km(2)) 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.


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


www.macyel.com
www.macyel.com/facebook/
www.twitter.com/macusani/

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