Press Release

Jan 08, 2010 16:01 ET

Macusani Yellowcake Completes Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2010) - Macusani Yellowcake Inc. ("Macusani" or "the Company") (TSX VENTURE:YEL) announced today that it has completed a non-brokered private placement of 4,000,000 million units at a price of $0.25 per unit to TSX-listed Mega Uranium Ltd. Each unit consisted of one common share and 0.69 of one common share purchase warrant with each full warrant entitling the holder to acquire one common share at a price of $0.30 until January 8, 2012. All securities issued pursuant to the private placement are subject to a 4-month hold period.

About Macusani Yellowcake

Macusani Yellowcake owns over 22,000 hectares (2,000 km²) of mineral properties on the Macusani Plateau in Peru.

There are 59,881,284 common shares of Macusani Yellowcake Inc. outstanding.

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.

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