Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) today
announced that drill results reported on January 24, 2013 included a
miscalculation for the grade of a 2 meter intersection (from 49.0m) on Borehole
PT-QB32-TNW. 


The correct drill result is included in the revised 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   1,164     2.327
including                      49.00   50.00          1.00   6,770    13.540
----------------------------------------------------------------------------
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
----------------------------------------------------------------------------



Dr. Laurence Stefan, President and CEO of Macusani Yellowcake, commented, "The
miscalculation is regrettable and unfortunate. The resulting new interval is
still a very good result. We remain confident in our efforts to advance our
Kihitian project to date, and expect to complete an updated resource calculation
in Q2 of this calendar year."


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
+1-416-628-9600
laurence@macyel.com
www.macyel.com


Facebook: www.macyel.com/facebook/
Twitter: www.twitter.com/macusani/