Macusani Yellowcake Announces Proposed Private Placement

TORONTO, ONTARIO, May 19 (MARKET WIRE) --
Macusani Yellowcake Inc. ("Macusani" or "the Company") (TSX VENTURE: YEL)
announced today plans to raise $2,247,500 in a non-brokered private
placement. Macusani is proposing to offer 8,990,000 million units at a
price of $0.25 per unit, with each unit consisting of one common share
and one-half of one common share purchase warrant. Each full share
purchase warrant will entitle the holder to acquire one common share at a
price of $0.30 for a period of 24 months from the closing date of the
offering.

It is proposed that cash finder's fees of $46,800 will be paid to Novadan
Capital Ltd. and 320,000 finder's common shares will be issued to LOM
Nominees, in connection with the placement. The private placement is
subject to all necessary regulatory approvals, including the approval of
the TSX Venture Exchange. All securities issued pursuant to the private
placement will be subject to a 4-month hold period.

Macusani proposes to use the net proceeds from the private placement to
satisfy the full purchase price (no convertible debentures will be
issued) of its acquisition from RAM Resources Limited of the Corachapi
and Kihitian mineral concessions, including all related data, on the
Macusani plateau in southeastern Peru previously announced by Macusani on
March 6, 2009, to fund exploration of the Company's properties on the
Macusani plateau and for general corporate purposes.

About Macusani Yellowcake Inc.

Macusani controls over 20,000 hectares (2,000 km2) of mineral properties
prospective for uranium in the Macusani area in Peru.

There are 32,421,284 common shares of Macusani Yellowcake Inc.
outstanding (42,002,712 common shares, fully diluted).

(For more information, please visit the website at
www.macusaniyellowcake.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.

Contacts:
Macusani Yellowcake Inc.
Peter Hooper
President
(416) 360-3402
PeterHooper2@aol.com
www.macusaniyellowcake.com

Copyright 2009, Market Wire, All rights reserved.

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