Peter Hooper, President of Macusani stated: "This study, which is an order of magnitude study, will guide us as to the scale of which any operation must be in order to be financially attractive. We are also modeling the drill results from our initial 55 diamond drill holes and are currently progressing towards completing a resource estimate."

Macusani Yellowcake has contracted GBM Minerals Engineering Consultants Limited (GBM) to carry out this project.

GBM Minerals Engineering Consultants Limited ("GBM") is an independent firm of engineering consultants specializing in assisting clients with the development, design and construction of new mining projects and the refurbishment of existing uranium, gold, base-metal, iron ore and industrial minerals ore processing plants. They are experts in the design, engineering, project management, procurement and construction of such plants and are currently providing technical services to the mining industry in the Americas, Africa, Central Asia, Russia, Europe, Australia and the Middle East.

GBM was formed in March of 1994 by the employees of a large North American engineering consultant following the closure of that consultant's Mining Projects Centre in London. The Centre had operated as a stable unit with the employees and other consultants working together on international projects for several years. GBM employs industry-qualified metallurgists, chemists, engineers (chemical, mechanical, civil, structural, electrical), CAD designers and procurement personnel - about 70 are in the London office (Engineering and Procurement) and 30 on construction projects around the world (Construction Management).

GBM has been certified by the British Standards Institution and deemed by them to operate a Quality Management System which complies with the requirements of BS EN ISO 9001:2000.

About Macusani Yellowcake Inc.

Macusani controls over 20,000 hectares (2,000 km2) of mineral properties on the Macusani plateau in Peru.

There are 24,296,285 common shares of Macusani Yellowcake Inc. outstanding; 32,876,260 common shares, fully diluted.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.