YEL

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to announce new assay results from its ongoing drilling program at the
Chilcuno Chico anomaly located on its Kihitian Property in Puno, Peru. 


"Our latest assay results not only demonstrate high grades, they also provide
compelling evidence given the 45,000 meters of drilling completed to date that
the Manto B zone is a continuous mineralized sequence under the entire Chilcuno
Chico Area," said Dr. Laurence Stefan, President and CEO. "In essence, we
believe that the anomaly at Quebrada Blanca, which we have explored extensively,
and the Manto B zone at Chilcuno Chico represent the same mineralized sequence.
The extended area provides the potential for open pit mining on the periphery
where the manto is thicker and the core of the deposit, we believe, would be an
underground target suitable for mechanized mining techniques given its
consistent orientation, inclination, thickness and grade." 


Assay results continue to extend both the Manto A mineralized zone and the
deeper Manto B zone. The best result was from drill hole PT-CH37-TSE, with a 17m
intersection along Manto B from 220m to 237m, that returned a weighted average
grade of 1,214ppm U3O8 (or 2.428 lbs/ton) including a higher-grade zone of 4m
that returned a weighted average grade of 3,465ppm U3O8 (or 6.93 lbs/ton)
between 225m to 229m. Manto A was also intercepted and displayed a 4m
intersection that returned a weighted average grade of 1,728ppm U3O8 (or 3.456
lbs/ton) from 103m to 107m. (See all the results below.) 


Selected assay results from boreholes drilled at Chilcuno Chico include: 



----------------------------------------------------------------------------
             Depth   From      To   Intersection (m)       Grade  Grade U3O8
                (m)    (m)    (m)                (i)   U3O8(ppm)   (lbs/ton)
----------------------------------------------------------------------------
PT-CH37-TSE  255.00 103.00 107.00               4.00       1,728       3.456
                    220.00 237.00              17.00       1,214       2.428
including           225.00 229.00               4.00       3,465       6.930
                    241.00 242.00               1.00         301       0.602
----------------------------------------------------------------------------
PT-CH35-TSW  291.00 157.00 160.00               3.00         104       0.208
                    248.00 289.00              41.00         320       0.640
including           262.00 265.00               3.00       3,081       6.162
including           270.00 273.00               3.00         811       1.622
----------------------------------------------------------------------------
PT-CH35-TNE  280.50 256.00 264.00               8.00         561       1.122
including           259.00 261.00               2.00       1,589       3.178
----------------------------------------------------------------------------
PT-CH37-TSW  264.00 147.00 151.00               4.00         106       0.212
                    232.00 241.00               9.00         591       1.182
including           232.00 234.00               2.00       1,631       3.262
----------------------------------------------------------------------------
PT-CH38-TV   188.60  35.00  51.00              16.00         567       1.134
                    155.00 158.00               3.00         137       0.274
                    162.00 164.00               2.00         121       0.242
----------------------------------------------------------------------------
(i) The widths above are drill intercepts and not true widths. True widths  
 have not been determined.                                                  



These results are from holes drilled towards the south, southeast and southwest
from the existing geological resource within the Chilcuno Chico target on the
Kihitian concession. To date, drilling within the Chilcuno Chico anomaly has
delineated an area of approximately 1050 m by 1100 m where Manto B remains open
in all directions. Although Manto A shows continuity there is less consistency
with respect to its shape and the occurrence of uranium mineralization when
compared to Manto B.


Current Exploration 

The current drilling program that started in mid-2011 is expected to end in
early July 2013. At present, the Company is operating four diamond drill rigs on
the Macusani plateau: two drills on the Kihitian project at Chilcuno Chico and
two drills at Tupuramani. The drilling at Quebrada Blanca ceased once it was
understood that the uranium mineralization at Quebrada Blanca and Chilcuno Chico
represent the same unit and would be modeled as a single litho-stratigraphic
sequence. A new resource estimation is being modeled at present by Mineral
Corporation in Johannesburg, South Africa and is expected to be released in
several days. 


The new geological resource will consist of new runs of the resources in Colibri
2 and 3 / Tupuramani as a single unit and in Chilcuno Chico / Quebrada Blanca as
a single unit. Once the new geological resource is reported by Mineral
Corporation, the Preliminary Economic Assessment study started by GBM in London,
UK would use this new resource as the base case for a new economic modelling
estimation. It is expected that the Preliminary Economic Assessment study will
be released in the third quarter of 2013. 


In light of poor market conditions for uranium and for mineral exploration
companies in general, the Company has embarked on a cost reduction program,
mainly through the reduction of drilling activities as described above. The
Company is adequately capitalized, with $3.6 million in working capital, to
continue with its corporate activities and light exploration work well into
2014. 


Maps with the drill hole locations at Chilcuno Chico, Quebrada Blanca and
Tupuramani can be found at http://macyel.com/26jun2013/. Previous assay data,
maps and a sample cross section are available on the Company's website at
www.macyel.com/properties/.


Quality Control and Analytical Procedures 

Core samples have been crushed and representative samples analyzed for Uranium
(U) abundance and a suite of 40 elements. The necessary analytical quality
control and assurance has been completed by insertion of reference material,
duplicate samples and blank material. After crushing, the core is placed in
sealed bags and shipped to the CIMM's preparation laboratories in Juliaca, Peru.
Following the preparation stage, the sample pulps are sent to CIMM analytical
laboratory in Lima where U and a suite of forty other elements are analyzed
using ICP-MS methodology. 


CIMM Peru is an ISO certified assay laboratory. The program is designed to
include a comprehensive assay quality control routine comprising the systematic
use of standards, blanks and field duplicate samples. Secondary laboratories are
used for check assaying.


Qualified Person 

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


About Macusani Yellowcake 

Macusani Yellowcake Inc. is a Canadian uranium exploration and development
company focussed on the exploration of its properties on the Macusani Plateau in
southeastern Peru. The Company owns a 99.5% interest in concessions that 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.


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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Macusani Yellowcake Inc.
Laurence Stefan
President and CEO
+1-416-628-9600
laurence@macyel.com


Website: www.macyel.com
Facebook: www.macyel.com/facebook/
Twitter: www.twitter.com/macusani/

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