Mega Uranium Ltd. (TSX:MGA) ("Mega") announces that on July 4, 2014, it acquired
ownership of 3,571,428 common shares ("Common Shares") and 3,571,428 common
share purchase warrants (the "Warrants") of Macusani Yellowcake Inc.
("Macusani") representing approximately 4.2% of the total issued and outstanding
common shares of Macusani as of July 4, 2014. As a result of this transaction,
Mega and its joint actors collectively held, as at July 4, 2014, an aggregate of
13,914,428 common shares of Macusani, including the Common Shares, and the
Warrants. Of these totals, Mega owns 10,811,428 common shares of Macusani,
including the Common shares, and the Warrants directly. In the event the
Warrants are fully exercised, the holdings of Mega and its joint actors
represents a total of 17,485,856 common shares of Macusani or approximately
10.2% of all issued and outstanding common shares as at July 4, 2014, calculated
on a partially diluted basis assuming the exercise of the Warrants only. In the
event that the Warrants are fully exercised, the direct holdings of Mega
represent a total of 14,382,856 common shares of Macusani, or approximately 8.4%
of all issued and outstanding common shares as at July 4, 2014, calculated on a
partially diluted basis assuming the exercise of the Warrants only.


These transactions were made for investment purposes and Mega and its joint
actors could increase or decrease their investment in Macusani depending on
market conditions or any other relevant factor.


ABOUT MEGA URANIUM 

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on
uranium properties in Australia, Canada and Cameroon. Further information on
Mega can be found on the company's website at www.megauranium.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
Mega Uranium Ltd.
Richard Patricio
Executive Vice President, Corporate Affairs
(416) 643-7630
info@megauranium.com / www.megauranium.com
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