Macusani Yellowcake Inc.
TSX VENTURE : YEL

Macusani Yellowcake Inc.

May 19, 2009 17:59 ET

Macusani Yellowcake Announces Proposed Private Placement

TORONTO, ONTARIO--(Marketwire - May 19, 2009) - Macusani Yellowcake Inc. ("Macusani" or "the Company") (TSX VENTURE:YEL) announced today plans to raise $2,247,500 in a non-brokered private placement. Macusani is proposing to offer 8,990,000 million units at a price of $0.25 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant. Each full share purchase warrant will entitle the holder to acquire one common share at a price of $0.30 for a period of 24 months from the closing date of the offering.

It is proposed that cash finder's fees of $46,800 will be paid to Novadan Capital Ltd. and 320,000 finder's common shares will be issued to LOM Nominees, in connection with the placement. The private placement is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a 4-month hold period.

Macusani proposes to use the net proceeds from the private placement to satisfy the full purchase price (no convertible debentures will be issued) of its acquisition from RAM Resources Limited of the Corachapi and Kihitian mineral concessions, including all related data, on the Macusani plateau in southeastern Peru previously announced by Macusani on March 6, 2009, to fund exploration of the Company's properties on the Macusani plateau and for general corporate purposes.

About Macusani Yellowcake Inc.

Macusani controls over 20,000 hectares (2,000 km2) of mineral properties prospective for uranium in the Macusani area in Peru.

There are 32,421,284 common shares of Macusani Yellowcake Inc. outstanding (42,002,712 common shares, fully diluted).

(For more information, please visit the website at www.macusaniyellowcake.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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