Macusani Yellowcake Inc. (the "Company")(TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to announce that drilling from the ongoing exploration program on the
Kihitian uranium property Chilcuno zone on the Macusani Plateau, has intersected
additional shallow, high-grade uranium values including an intersection of 6.0
metres with a weighted average grade of 0.115% U3O8 (2.31 lbs/ton) within 9.0
metres averaging 0.077% U3O8 (1.55 lbs/ton). This intersection is from borehole
PT-CH8-TNE drilled to a depth of 79.5 metres to the NE. Details are shown in the
table below.


The second intersection, from borehole PT-CH9-TNW, returned 4.0 metres with a
weighted average grade of 0.14% U3O8 (2.81 lbs/ton) within a larger interval of
10.0 metres averaging 0.059% U3O8 (1.18 lbs/ton). This shallow borehole was
drilled towards NW to a maximum depth of 51.0 metres.


The Company believes that these intercepts are the extensions of the adits that
were completed by IPEN during the 1980s at Chilcuno Chico and located 80 metres
away to the SW. These adits were, sampled by the Company during 2009 and
published on the 13th of January, 2010 with grades of up to 10% U3O8 as channel
samples. It is understood that these intersections were drilled through "Level
A", the shallow uranium mineralized structure described as a "manto" in Peruvian
literature.


Platforms 8 and 9 were drilled with the objective of demonstrating that Kihitian
"Level A" is actually thicker than previously understood. As the drilling
results demonstrate (see press releases dated September 30, 2010, November 26,
2010, December 21, 2010, January 12, 2011, January 20, 2011 and January 24,
2011) the mineralized area of "Manto A" can be as thick as 22 metres within
which the high-grade core is up to 7-8 metres thick with grades of multiple
pounds of U3O8.


An additional objective of this drilling program is to produce a mineral
resource at Kihitian. It is probable that none of these reported intersections
represent true widths. The drilling at Kihitian by the Company has consistently
encountered high-grade uranium mineralization in much thicker intervals than the
mineralization exposed in the adits.




---------------------------------------------------------------------------
                              From      To   Intersection     Grade   Grade
                                                      (m)     (ppm)   (lbs)
PT-CH8-TNE (EOH = 79.50m)    50.00   59.00           9.00    777.51   1.555
including                    50.00   56.00           6.00  1,155.82   2.312
                             76.00   79.50           3.50     39.62   0.079
---------------------------------------------------------------------------
                                                                           
---------------------------------------------------------------------------
                              From      To   Intersection     Grade   Grade
                                                      (m)     (ppm)   (lbs)
PT-CH9-TNW (EOH = 51.00m)    20.00   30.00          10.00    593.39   1.187
including                    20.00   24.00           4.00  1,406.19   2.812
---------------------------------------------------------------------------



The drill hole locations can be found on a map on the Company's website that can
be accessed by following the link below: http://www.macyel.com/pr14apr2011/


KIHITIAN - CHICUNO ZONE

The drill program was designed to test for continuity and grade of the uranium
mineralization within a shallow, sub-horizontal, 5 to 25 metre thick horizon
("Level A") of rhyolitic flows and minor pyroclastic sequences hosting "mantos",
fracture-filling, vertical joints and disseminated autunite, meta-autunite and
weeksite. A similar but generally thicker horizon ("Level B") occurs
approximately 75-100 metres lower stratigraphically, which has been intercepted
to date in two boreholes, one with very high-grade U mineralization (see
November 26, 2010 press release citing 7.0 metres with a weighted average of 36
lbs/t U3O8 within a 65 metre thick continuously mineralized interval). The
shallow "manto-style" mineralization, which is usually sub-horizontal, was
discovered and initially explored through adits by IPEN (Peruvian Nuclear Energy
Institute) in the early 1980's and it usually dips between horizontal to 10-12
degrees.


The present drilling at Kihitian is part of a 20-platform plan. The two
boreholes reported in this press release were drilled on Platforms 8 and 9,
located just south of the adits executed by IPEN in the 1980s along a
radiometric anomaly that runs on a southwest-northeast trend. The distances
covered by these boreholes from the "Level A" outcrop are roughly 100 metres and
180 metres, respectively.


The Company's CEO, Peter Hooper, stated, "The drilling results at Kihitian
continue to demonstrate high-grade uranium intersections in the Chilcuno area
and, most importantly, the fact that the mineralized intersections displayed
through drilling are much thicker than the same structures as displayed by the
underground adits. These results coupled with previous drill results announced
late last year and earlier this year indicates the potential for a sizeable
mineral resource of higher uranium grade at Kihitian."


The Company is currently operating two drills on the Kihitian property and
intends to add a third drill in the near future. Assays are pending on several
drill holes that targeted the deeper "Level B" mineralized horizon. The Company
expects to release these results when available during the next few weeks.


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 for the Kihitian Property, 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 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'. The Company
owns a 99.5% interest in the Kihitian project.


There are 105,375,714 common shares of Macusani Yellowcake Inc. outstanding.

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.