YEL

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) has
recently mailed and filed proxy materials in connection with its annual meeting
to be held on April 7, 2014. The proxy materials contemplate the nomination of
Alan Ferry, Peter Hooper, Laurence Stefan, J.P. Chauvin, Robert Boaz and Aaron
Keay for election as directors at the annual meeting. Subsequent to the mailing
and filing of the proxy materials, Mr. Hooper and Mr. Boaz have decided not to
stand for re-election, and it is proposed that Mr. Richard Patricio and Mr. Marc
Henderson be nominated for election at the meeting instead. 


Mr. Patricio is Vice President Legal and Corporate Affairs at Pinetree Capital
Ltd., a Toronto-based diversified investment, financial advisory and venture
capital firm. Mr. Patricio is responsible for merger and acquisition activity,
corporate transactions, compliance, corporate governance and the administration
of Pinetree. Mr. Patricio currently holds directorships with several
Canada-based resource companies. Mr. Patricio previously practiced law at a
large Canadian law firm. Mr. Patricio received his law degree from Osgoode Hall
and was called to the Ontario bar in 2000.


Mr. Henderson has more than 20 years of experience as Chief Executive Officer of
junior public mining companies. Mr. Henderson is currently the President & Chief
Executive Officer of Laraminde Resources Ltd., a Canadian public company engaged
in the exploration and deveopment of uranium assets in the United States and
Australia. Mr. Henderson previously served as President of Aquiline Resources
Inc., which was developing the Navidad silver project in Argentina prior to
being acquired by Pan American Silver in January 2010. He also previously served
as President of MineFinders (1987 to 1994), responsible for acquiring the
Delores property (Mexico), a silver/gold property now in production. Mr.
Henderson is a Chartered Financial Analyst, and he holds an economics degree
from the University of Colorado.


The form of management proxy previously distributed to registered shareholders
in connection with the annual meeting provides management with discretionary
authority to vote on amendments or variations to matters coming before the
meeting and it is intended that all such proxies will be voted FOR the two new
proposed director nominees. If a registered shareholder has submitted a
management proxy and does not wish the proxy to be voted in this manner, they
may revoke their proxy by personally attending the meeting and voting their
shares or by depositing an instrument in writing, including a proxy bearing a
later date, either at the office of the Company's transfer agent, TMX Equity
Transfer Services, 200 University Avenue, Suite 300, Toronto, Ontario M5H 4H1 or
the head office of the Corporation at Suite 1200, 141 Adelaide Street West,
Toronto, Ontario M5H 3L5 at any time up to and including the last business day
preceding the date of the meeting, or by depositing the instrument in writing
with the Chairman on the day of the meeting, or in any other manner permitted by
law. Only registered shareholders may revoke a proxy. Non-registered
shareholders who wish to change their vote must, at least seven days before the
meeting, arrange for their respective nominees to revoke the proxy on their
behalf.


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.


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
www.macyel.com


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

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