YEL

Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to announce that drilling from the ongoing exploration program was
restarted last week, as well as various other surface exploration activities.


As a result of the social unrest that occurred during the month of June 2011 in
the province of Puno in southern Peru, after the recent general elections in the
country, the Company had restricted its exploration activities to a minimum. The
Company now confirms that exploration activities including, full drilling, were
restarted last week.


The Company considers its relationships with the local communities of Corani,
Isivilla and Tantamaco to be very good. The Company would like to emphasize that
the above-mentioned communities support mining in the province and the various
exploration activities in their areas. The local communities sent a large
delegation to the Ministry of Energy and Mines in Lima and informed the Ministry
that they are supportive of mineral exploration and mining activities on their
surface right areas and specifically of the activities run by the Company in
their areas of interest.


As presented in the local and international press and media, the town of Juliaca
was badly affected by the strike as well as the provincial road and the general
status of transport in Puno Province. Due to the blockage of the roads in the
Province by the strikers, the Company was unable to transport drill cores to the
CIMM Laboratory in Juliaca. These cores were recently dispatched to the
laboratory and therefore more assay results are expected in the next few weeks.


The results attached in this press release are from platforms 15 and 17 on the
Chilcuno Chico area of the Kihitian Property situated north of the adits dug by
IPEN during the 1980s, at 150m towards N and 120m towards NW, respectively, as
illustrated on Figure 1 (http://www.macyel.com/pr14jul2011/). Both boreholes are
located next to the access road built by the Company towards the drilling area,
on a lower elevation zone where Manto "A": was completely eroded and Manto "B"
is closer to surface. These two platforms are 110m apart on a SW-NE direction.


In the two boreholes one can see various lower grade mantos starting almost from
surface. The main uranium-bearing structure was intersected 12 metres with a
weighted average grade of 0.173% U3O8 (3.46 lbs/ton), including 2.0m at 0.583%
U3O8 (11.66 lbs/ton) and 3.0m at 0.282% U3O8 (5.64 lbs/ton) at a depth of 86m in
borehole CH17-TNE.


In borehole CH15-TNW the main uranium zone was intersected 18 metres with a
weighted average grade of 0.048% U3O8 (0.96 lbs/ton), including 5.0m of 0.139%
U3O8 (2.78 lbs/ton) at a depth of 54 m from surface.


Both boreholes were drilled at 55 degrees. The intersections may not represent
true widths. Details are shown in the table below.




----------------------------------------------------------------------------
                                                Intersection   Grade   Grade
                                 From      To            (m)   (ppm)   (lbs)
PT-CH17-TNE- 123.00m depth       6.00   10.00           4.00      30   0.060
                                49.00   51.00           2.00      40   0.080
                                56.00   60.00           4.00      71   0.142
                                69.00   79.00          10.00      45   0.090
                                86.00   98.00          12.00   1,734   3.468
including                       87.00   89.00           2.00   5,831  11.662
including                       92.00   95.00           3.00   2,824   5.648
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                                                Intersection   Grade   Grade
                                 From      To            (m)   (ppm)   (lbs)
PT-CH15-TNW- 99.00m depth        2.00    6.00           4.00     307   0.614
                                12.00   13.00           1.00      74   0.148
                                18.00   20.00           2.00      45   0.090
                                54.00   72.00          18.00     483   0.966
including                       54.00   59.00           5.00   1,393   2.786
                                   87      92           5.00      24   0.048
                                   97      99           2.00      26   0.052
----------------------------------------------------------------------------



The Company's CEO, Peter Hooper, stated: "We are very pleased that full drilling
activities have recommenced on the Kihitian uranium property as well as
exploration activities on the Company's properties on the rest of the Macusani
plateau. The drilling results at Kihitian continue to demonstrate high-grade
uranium intersections in the Chilcuno area. The Company will continue its
drilling activities during the winter season at Macusani and will periodically
publish the results of this drilling."


Quality Control and Analytical Procedures

Core samples have been crushed and representative samples analysed 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.
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 analysed
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 the scientific and technical data contained
in this release.


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'. The Company
owns a 99.5% interest in the Kihitian project. The Company has a cash balance of
approximately $14.7 million and no debt.


There are 107,775,714 common shares of Macusani Yellowcake Inc. outstanding.

Figure 1 is a drill hole location map of the portion of Kihitian explored by the
Company to date and can be accessed on the Company's website by following the
link below: http://www.macyel.com/pr14jul2011/.


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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