Macusani Yellowcake Inc.
TSX VENTURE : YEL
FRANKFURT : QG1

Macusani Yellowcake Inc.

October 04, 2012 17:11 ET

Macusani Yellowcake Announces Cancellation of Shares

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2012) - 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.

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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