Macusani Yellowcake Intersects 9 m Averaging 0.145% U3O8 (2.9 lbs/ton) Including 4 m Grading 0.260% U3O8 (5.2 lbs/ton) at Kihitian Property, Peru

TORONTO, ONTARIO–(Marketwire – Oct. 12, 2011) – Macusani Yellowcake Inc. (the “Company”) (TSX VENTURE:YEL)(FRANKFURT:QG1) is pleased to announce additional assay results from the ongoing drilling program at the Chilcuno Chico anomaly on the Kihitian Property in Puno, Peru. These results continue to extend both the “A” zone and deeper Manto “B” zone. The best result was a 9 m intersection from 49 to 58 m that returned a weighted average of 1,448 ppm U₃O₈ (or 2.896 lbs/ton). This intersection included a higher-grade zone of 4.0 m that averaged 2,597 ppm U₃O₈ (or 5.194 lbs/ton). (Note that these intersections do not represent true widths.)