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Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) has
today re-filed its annual financial statements and annual information form
("AIF") for the year ended September 30, 2010 and NI 43-101 technical report
relating to its Colibri II and III properties. During the course of the filing
and review of the Company's preliminary short form prospectus dated February 16,
2011 certain deficiencies were identified in these documents. The refilings are
being made to remedy these deficiencies as well as to enhance certain
disclosures in the AIF. 


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 km(2)) 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.

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