Macusani Yellowcake Reports New Near-Surface, High-Grade Uranium Drill Results and Provides Update on Current Exploration Pro...

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to report more high-grade intersections from five new drill holes from
its ongoing drilling program at the Quebrada Blanca mineralized area on its
Kihitian Property, on the Macusani plateau in south-eastern Peru.


The best intersections were encountered on platforms 32 and 34. On platform 34
from borehole #QB34-TSE returned a weighted average of 1,902 ppm U3O8 over 14.0m
from 15.0 to 29.0m (or 3.804 lbs/ton over 45.9 ft) including 8.0m at 3,286 ppm
U3O8 (or 6.572 lbs/ton over 26.2 ft).


On platform 32 the best intersection was provided by borehole #QB32-TNW that
returned a weighted average of 2,273 ppm U3O8 over 6.0m from 48.0 to 54.0m (or
4.546 lbs/ton over 19.6 ft) including 2.0m at 13,425 ppm U3O8 (or 26.850 lbs/ton
over 6.5 ft).


President and CEO, Dr. Laurence Stefan, stated: "These results continue to
enlarge the mineralized area at the Quebrada Blanca anomaly and will be included
in the new geological model and resource calculation that we expect to produce
in Q2 of this calendar year".


Assay results from boreholes drilled on platforms 32, 34 and 42 at Quebrada
Blanca are listed in the table below:




----------------------------------------------------------------------------
                      Depth    From      To  Intersection   Grade      Grade
                        (m)     (m)     (m)        (m)(i)   (ppm)  (lbs/ton)
----------------------------------------------------------------------------
PT-QB34-TSE          115.50   15.00   29.00         14.00   1,902      3.804
including                     18.00   26.00          8.00   3,286      6.572
                              56.00   57.00          1.00      81      0.162
----------------------------------------------------------------------------
PT-QB32-TNW          100.50   48.00   54.00          6.00   2,273      4.546
including                     49.00   51.00          2.00  13,425     26.850
----------------------------------------------------------------------------
PT-QB32-TSE          151.00    4.00    6.00          2.00     106      0.212
                              11.00   14.00          3.00      77      0.154
                              36.00   51.00         15.00     876      1.752
including                     37.00   43.00          6.00   1,537      3.074
including                     48.00   50.00          2.00   1,843      3.686
----------------------------------------------------------------------------
PT-QB42-TNW          115.00   38.00   72.00         34.00     327      0.654
including                     45.00   51.00          6.00   1,075      2.150
----------------------------------------------------------------------------
PT-QB32-TSW          121.50   25.00   28.00          3.00     124      0.248
                              33.00   58.00         25.00     275      0.550
----------------------------------------------------------------------------
(i) The widths above are drill intercepts and not true widths. True widths  
have not been determined.                                                   



The Quebrada Blanca anomaly is located approximately 2 km northwest of the
Chilcuno Chico anomaly on the Kihitian property, on the northwest border of the
concession. A map and a vertical cross section can be found on the Company's
website at: http://www.macyel.com/pr10dec2012/.


The host of the mineralization is the same young age Macusani rhyolite rock that
displays disseminated and fissure-controlled uranium minerals. The main mineral
species are meta-autunite and autunite that have demonstrated to provide high
metallurgical recoveries, between 91 to 97% (see the Company's press release
dated August 9, 2012).


Previous assay data, maps and a sample cross section are available on the
Company's website at www.macyel.com/kihitian/.


Quality Control and Analytical Procedures

Core samples have been crushed and representative samples analysed for Uranium
(U) abundance and a suite of 40 elements. The necessary analytical quality
control and assurance has been completed by insertion of reference material,
duplicate samples and blank material. After crushing, the core is placed in
sealed bags and shipped to the CERTIMIN's preparation laboratories in Juliaca,
Peru. Following the preparation stage, the sample pulps are sent to CERTIMIN
analytical laboratory in Lima where U and a suite of forty other elements are
analysed using ICP-MS methodology.


CERTIMIN Peru is an ISO certified assay laboratory. The program is designed to
include a comprehensive assay quality control routine comprising the systematic
use of standards, blanks and field duplicate samples. Secondary laboratories are
used for check assaying.


Update on Current Exploration

Drilling continues at the Quebrada Blanca anomaly, with one rig extending the
drilling activities towards south and east of the main ravine. The purpose is to
test at depth visual uranium mineralization that outcrops on surface.


At present, the Company is operating 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 work at the new Tupuramani
anomaly in order to test the western extension of Colibri 2 and 3. Results from
the drilling at Tupuramani appear to be very similar in grade and volume with
the mineralization modeled at Colibri 2 and 3 and will be released during
February 2013.


Previous assay data, maps and a sample cross section are available on the
Company's website at www.macyel.com/properties/.


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
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.


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
[phone]
[e-mail]
www.macyel.com


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