Macusani Yellowcake Completes Purchase of Additional Uranium Concessions on Macusani Plateau, Peru

Macusani Yellowcake Inc. ("Macusani" or "the Company") (TSX VENTURE:YEL) is
pleased to announce that it has completed its previously announced acquisition
of the Corachapi and Kihitian concessions on the Macusani Plateau in
southeastern Peru, including all related data and equipment, from RAM Resources
Limited ("RAM") of Perth, Australia (formerly Contact Uranium Limited). The
consideration for the purchase was C$500,000, satisfied in cash. Macusani also
assumed a 1% net smelter royalty obligation in respect of the Corachapi
concessions in connection with the transaction.


The concessions are located in the vicinity of Macusani's other concessions in
the northeastern portion of the Macusani Plateau. Significant prior exploration
work was carried out on the concessions, including drilling and underground
exploration. A resource was previously calculated for the Corachapi concession
utilizing the JORC Code, which resource is not being adopted by Macusani.
Macusani is in the process of recovering all prior exploration data for the
concessions and entering it into the Company's computer model. Once complete,
the calculation of a resource in accordance with National Instrument 43-101 by
an independent third party is planned. A further exploration programme by the
Company is also planned on the concessions, including infill and correlation
drilling, to more fully explore the potential of the large radiometric anomalies
contained within the concessions.


Peter Hooper, President of Macusani, stated, "This acquisition significantly
improves our property portfolio on the Macusani Plateau and increases the
prospect of developing an economic resource there."


The sale was approved by RAM shareholders in accordance with applicable
corporate and Australian Stock Exchange requirements.


About Macusani Yellowcake Inc.

Macusani controls over 22,000 hectares (2,200 km2) of mineral properties
prospective for uranium on the Macusani Plateau in Peru.


There are 41,731,284 common shares of Macusani Yellowcake Inc. outstanding
(55,807,712 common shares, fully diluted).


(For more information, please visit the website at www.macusaniyellowcake.com.)

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