Macusani Yellowcake Inc. (the "Company") (TSX VENTURE:YEL)(FRANKFURT:QG1) is
pleased to announce that Dr. Laurence Stefan, currently serving as the Company's
Managing Director, Peru, has been appointed as President and Chief Executive
Officer effective August 1, 2012. Dr. Stefan replaces Peter Hooper, who has
resigned as President and Chief Executive Officer, effective July 31, 2012 to
pursue other activities, including his recently announced appointment as
President & Chief Executive Officer of PC Gold Inc. Mr. Hooper will remain as a
Director and consultant to the Company. 


Dr. Stefan is a founder of Macusani Yellowcake and has served as its Managing
Director in Peru since October 2007 when the Company went public. He is also the
founder of the Colibri Group of Companies, a mineral service company based in
Lima, Peru. Dr. Stefan previously worked at Gold Fields of South Africa and JCI
(Pty) Ltd. with recent years spent mainly on South American projects. He has
been involved in basic and specialized research in uranium metallurgical,
recovery and enrichment programs at various gold-uranium mines along the
Witwatersrand Basin in South Africa and Namibia Dr. Stefan holds an M.Sc.
(Geology & Mining Engineering) and a Ph.D. (Economic Geology). 


Alan Ferry, Chairman of the Company, stated, "On behalf of the Board, I would
like to thank Peter for his contribution to the Company over his 6-year tenure
as CEO. His experience and leadership have been key in the formation and early
development of Macusani Yellowcake. We wish him all the best in his future
endeavours. We are pleased that Laurence Stefan has agreed to become the
President and CEO. His extensive experience in Peru and the Macusani Plateau
will be significant in advancing the project."


About Macusani Yellowcake 

Macusani Yellowcake Inc. is a Canadian uranium exploration and development
company focussed on the exploration of its properties on the Macusani Plateau in
south-eastern Peru. The Company has concessions which cover over 90,000 hectares
(900 km2) and are situated near significant infrastructure. Macusani Yellowcake
is listed on the TSX Venture Exchange under the symbol 'YEL' and the Frankfurt
Exchange under the symbol 'QG1'. The Company has 167,047,475 shares outstanding.
For more information please visit www.macyel.com.