Macusani Yellowcake Inc.
TSX VENTURE : YEL
FRANKFURT : QG1

Macusani Yellowcake Inc.

February 25, 2011 17:12 ET

Macusani Yellowcake Prices Prospectus Offering of Units

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2011) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) announced today that it has reached agreement with the Agents for its previously announced short form prospectus of units on pricing. The units will be offered under the prospectus at a price of $0.85 per unit, each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of $1.05 for a period of 24 months from the date of issue. A preliminary short form prospectus in respect of the offering was filed and receipted on February 16, 2011 however, a (final) short form prospectus has not yet been filed. A copy of the preliminary short form prospectus may be obtained by contacting any of the Agents for the offering as provided below.

Closing of the offering remains subject to the receipt of all necessary securities regulatory approvals.

M Partners Inc.   Raymond James Ltd.   Euro Pacific Canada Inc.
100 Wellington St. W.   40 King St. W.   121 Richmond St. W.
Suite 2201    Suite 5300   Suite 200
Toronto, ON, M5K 1K2    Toronto, ON, M5H 3Y2    Toronto, ON, M5H 2K1 
Jason Matheson   David Greifenberger   Russell Starr
Tel: +1-416-603-7381   Tel: +1-416-777-7067   Tel: +1-416-649-4273

This press release does not constitute an offer of the securities described herein in any jurisdiction. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration.

About Macusani Yellowcake

Macusani Yellowcake Inc. is a Canadian uranium exploration company with over 24,000 hectares (240 km2) of mineral properties in southeastern 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'. 

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.

Neither the 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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