Macusani Yellowcake and Azincourt Uranium Extend Letter of Intent for Consolidation of Peruvian Properties

Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) ("Macusani") and
Azincourt Uranium Inc. (TSX VENTURE:AAZ)(FRANKFURT:A0U) ("Azincourt") announce
that, further to their joint news release of April 17, 2014, they have agreed to
extend their non-binding letter of intent ("LOI") to June 15, 2014 to allow both
parties to conclude their ongoing due diligence investigations and settle the
form of definitive agreement for the transaction. All other terms of the LOI
remain unchanged. 


About Macusani Yellowcake Inc.

Macusani Yellowcake Inc. is a Canadian uranium exploration and development
company focused on the exploration of its properties on the Macusani Plateau in
southeastern Peru. The company owns a 99.5% interest in concessions that cover
over 90,000 hectares (900 km2) and are situated near significant infrastructure.
Macusani is listed on the TSX Venture Exchange under the symbol 'YEL' and the
Frankfurt Exchange under the symbol 'QG1'. The company has 159,473,613 shares
outstanding. For more information please visit www.macyel.com.


Facebook: www.macyel.com/facebook/   

Twitter: www.twitter.com/macusani/

About Azincourt Uranium Inc.

Azincourt Uranium Inc. is a Canadian based resource company specializing in the
strategic acquisition, exploration and development of uranium properties and is
headquartered in Vancouver, British Columbia. Azincourt has advanced exploration
projects and compliant uranium resources in southeastern Peru and the PLN
exploration project joint venture with Fission 3.0 in northern Saskatchewan.


Cautionary Statements 

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.


Forward Looking Information 

This news release includes certain forward-looking statements concerning the
future performance of Macusani's and Azincourt' business, operations and
financial performance and condition, as well as management's objectives,
strategies, beliefs and intentions. Forward-looking statements are frequently
identified by such words as "would", "may", "will", "plan", "expect",
"anticipate", "estimate", "intend" and similar words referring to future events
and results. Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is inherently
uncertain and subject to a variety of assumptions, risks and uncertainties,
including the speculative nature of mineral exploration and development,
fluctuating commodity prices, competitive risks and the availability of
financing, as described in more detail in the both companies recent securities
filings available at www.sedar.com. Actual events or results may differ
materially from those projected in the forward-looking statements and Macusani
and Azincourt caution against placing undue reliance thereon. Specifically,
there is no assurance that (i) the proposed Transaction between Macusani and
Azincourt will be completed on the terms outlined, or at all; (ii) that any of
the anticipated synergies pertaining to combining their respective Peruvian
properties will be realized in the manner outlined above, or at all. Neither the
companies nor their management assume any obligation to revise or update these
forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Macusani Yellowcake Inc.
Laurence Stefan
President & CEO
416-628-9600
laurence@macyel.com
www.macyel.com


Azincourt Uranium Inc.
Ted O'Connor
President & CEO
604-662-4955
ted@azincourturanium.com


Azincourt Uranium Inc.
Mario Vetro
Corporate Development and Investor Relations
Direct: 604-662-4955
mario@azincourturanium.com
www.azincourturanium.com

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