Macusani Yellowcake Completes Purchase of Additional Uranium Concessions on Macusani Plateau, Peru

TORONTO, ONTARIO, Jun 30 (MARKET WIRE) --
Macusani Yellowcake Inc. ("Macusani" or "the Company") (TSX VENTURE: YEL)
is pleased to announce that it has completed its previously announced
acquisition of the Corachapi and Kihitian concessions on the Macusani
Plateau in southeastern Peru, including all related data and equipment,
from RAM Resources Limited ("RAM") of Perth, Australia (formerly Contact
Uranium Limited). The consideration for the purchase was C$500,000,
satisfied in cash. Macusani also assumed a 1% net smelter royalty
obligation in respect of the Corachapi concessions in connection with the
transaction.

The concessions are located in the vicinity of Macusani's other
concessions in the northeastern portion of the Macusani Plateau.
Significant prior exploration work was carried out on the concessions,
including drilling and underground exploration. A resource was previously
calculated for the Corachapi concession utilizing the JORC Code, which
resource is not being adopted by Macusani. Macusani is in the process of
recovering all prior exploration data for the concessions and entering it
into the Company's computer model. Once complete, the calculation of a
resource in accordance with National Instrument 43-101 by an independent
third party is planned. A further exploration programme by the Company is
also planned on the concessions, including infill and correlation
drilling, to more fully explore the potential of the large radiometric
anomalies contained within the concessions.

Peter Hooper, President of Macusani, stated, "This acquisition
significantly improves our property portfolio on the Macusani Plateau and
increases the prospect of developing an economic resource there."

The sale was approved by RAM shareholders in accordance with applicable
corporate and Australian Stock Exchange requirements.

About Macusani Yellowcake Inc.

Macusani controls over 22,000 hectares (2,200 km2) of mineral properties
prospective for uranium on the Macusani Plateau in Peru.

There are 41,731,284 common shares of Macusani Yellowcake Inc.
outstanding (55,807,712 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

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