Macusani Yellowcake Announces Positive Preliminary Economic Assessment for the Colibri II/III Uranium Property With A Pre-Tax IRR of 20.7% at US$65 U3O8 Long Term Price

TORONTO, ONTARIO–(Marketwire – April 26, 2010) – Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) (the “Company”) is pleased to announce the completion of a positive Preliminary Economic Assessment (“PEA”) for the Colibri II/III uranium deposit located on the Macusani Plateau, Puno in southeastern Peru. The PEA is based on a NI 43-101 technical resource report dated April 2010 by the Mineral Corporation. (Please note that all dollar figures are quoted in US dollars except where indicated).

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