Press Release

Nov 19, 2008 16:44 ET

Macusani Yellowcake Completes Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - Macusani Yellowcake Inc. (TSX VENTURE:YEL)("Macusani") announced today that it has completed a non-brokered private placement of 505,952 common shares at a price of $0.28 per share for proceeds of $141,667. The proceeds from the private placement will be used for working capital and general corporate purposes. All shares issued in the private placement are subject to a 4-month hold period.

About Macusani Yellowcake Inc.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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