Macusani Yellowcake Announces Cancellation of Shares

Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) ("Macusani" or the
"Company") announced today that it has cancelled 7,573,847 common shares. The
shares were previously owned by Southern Andes Energy Inc. ("Southern Andes")
which was acquired by Macusani in a three-cornered merger transaction completed
in April 2012. Macusani has recently amalgamated with its wholly-owned
subsidiary Peru Uranium Inc. (the successor entity to Southern Andes) and the
shares were cancelled in connection with the completion of this amalgamation.
Following the cancellation of the shares, Macusani has 159,473,613 common shares
issued and outstanding. 


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
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.