Macusani Yellowcake Inc.

Macusani Yellowcake Inc.

March 03, 2010 19:05 ET

Macusani Yellowcake Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - March 3, 2010) - Macusani Yellowcake Inc. (TSX VENTURE:YEL) ("Macusani") announced today that, subject to regulatory approval, it has it has granted stock options to acquire an aggregate of 1,130,000 common shares to directors, officers, employees and consultants of the Company and its subsidiary under Macusani's stock option plan, including grants to its newly appointed Chief Financial Officer, board member and European investor relations consultant. Each option granted to directors, officers and employees is exercisable for a five year period to acquire one common share at a price of $0.25 per share and is not subject to vesting restrictions. The options granted to the investor relations consultant vest as to one-quarter on each of the 6, 12, 18 and 24 month anniversaries of the date of grant and are exercisable for a two year period at a price of $0.25 per share.

About Macusani Yellowcake

Macusani Yellowcake Inc. is a Canadian uranium exploration company with over 24,000 hectares (240 km2) of mineral properties in south-eastern Peru, on the Macusani Plateau. The shares are traded on the TSX Venture Exchange under the symbol 'YEL' and on the Frankfurt Exchange under the symbol 'QG1'.

There are 59,881,284 common shares of Macusani Yellowcake Inc. outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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