Macusani Yellowcake Inc.

Macusani Yellowcake Inc.

September 29, 2009 09:52 ET

Macusani Yellowcake Announces Additional High Grade Uranium Intersections on Corachapi Properties

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2009) – Macusani Yellowcake Inc. ("MYI" or the "Company") (TSX VENTURE:YEL) is pleased to announce additional results from three previously unassayed drill holes on its recently acquired Corachapi property on the Macusani Plateau in southern Peru (for previous assay results, see press release dated September 9, 2009). The results continue to return significant high grade uranium mineralization over long intervals including 36.0 metres grading 0.0583% U3O8 (118 feet grading 1.166 pounds of U3O8 per ton). The core is from holes drilled by the previous concession holder, RAM Resources Limited (formerly Contact Uranium Limited), which had drilled 193 holes on the properties but had assayed only 87 holes prior to shutting down its exploration activities in Peru. These latest drill hole results are summarized in the table below.

MYI's CEO, Peter Hooper, stated that "These results continue to confirm the high grade potential of the recently acquired Corachapi properties. The Company is on schedule to release a National Instrument 43-101 compliant resource on the Corachapi and Kihitian properties later this year."

CORACHAPI - Drilling Line 1760         
1Borehole DD1760-10 East-P05-CW-CORA EOH 54.00m    
 From (m) To (m) Interval (m) U3O8 (%) Interval (ft) lb/t 
 13.0 49.0 36.0 0.0583 118.1 1.166 
CORACHAPI - Drilling Line 1520         
2Borehole DD1520-1 West-P01-CW-CORA EOH 52.00m    
 From (m) To (m) Interval (m) U3O8 (%) Interval (ft) lb/t 
 0.0 36.0 36.0 0.0524 118.1 1.048 
CORACHAPI - Drilling Line 1760         
3Borehole DD1760-12 East-P06-CW-CORA EOH 51.00m    
 From (m) To (m) Interval (m) U3O8 (%) Interval (ft) lb/t 
 3.0 9.0 6.0 0.0035 19.7 0.070 
 16.0 51.0 35.0 0.0231 121.4 0.462 

These three reported boreholes were drilled by Contact and analysed by Macusani Yellowcake. The boreholes are located on the northern part of the drilled area within the Corachapi concession. Lines 1520 and 1760 are separated by 240m along strike. Boreholes 10 and 12 along line 1760 are separated by 40m normal to the strike of the main N-S long axis of the mineralised structure.

Contact drilled parallel lines, orientated E-W and interspaced at 120m. Along each line platforms were built every 40m. Two boreholes were drilled from each platform, to the W and E respectively at roughly 550

These latest holes analysed start approximately 240 metres North of the last released data by Macusani.-See press release dated Sept 09 09

Qualified Person

Mr. Ian Foreman, P.Geo., of Foremost Geological Consulting, an independent consultant, is a Qualified Person as defined under National Instrument 43-101 for the Corachapi property, and has reviewed the scientific and technical data contained in this release.

About Macusani Yellowcake

Macusani Yellowcake owns over 22,000 hectares (2,000 km2) of mineral properties on the Macusani Plateau in Peru.

There are 41,731,284 common shares of Macusani Yellowcake Inc. outstanding (55,807,712 common shares, fully diluted)

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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