SUR Surge Exploration Inc

Macusani Yellowcake Inc. (TSX VENTURE:YEL)(FRANKFURT:QG1) ("Macusani") and
Southern Andes Energy Inc. (TSX VENTURE:SUR) ("Southern Andes") are pleased to
announce that their respective shareholders have approved the previously
announced merger of the two companies at shareholder meetings held on March 30,
2012, whereby Macusani will acquire all of the outstanding common shares of
Southern Andes (the "Merger"). Upon completion of the Merger, shareholders of
Southern Andes will receive 0.8 of a common share of Macusani for each common
share of Southern Andes held.


At the Macusani meeting, 100% of the votes cast by shareholders were voted in
favour of the Merger and the issuance and reservation for issuance of the common
shares of Macusani in connection with the Merger. Shareholders representing 56%
of the outstanding shares of Macusani were represented at the meeting.


At the Southern Andes meeting, in excess of 99% of the votes cast by
shareholders voted in favour of the Merger. In addition, shareholders of
Southern Andes also approved the reduction of stated capital necessary to effect
the distribution to shareholders (the "Caracara Distribution"), as a return of
capital, of 33,333,333 common shares held in the capital of Caracara Silver Inc.
(TSX VENTURE:CSV) ("Caracara"). 


Following such approvals, the board of directors of Southern Andes approved the
Caracara Distribution which will be payable on April 12, 2012 to Southern Andes
common shareholders of record at the close of business on April 10, 2012. The
Southern Andes common shares will commence trading on an "ex-distribution" basis
on the TSX Venture Exchange at the opening of trading on Thursday, April 5,
2012. Based on the number of currently outstanding Southern Andes common shares,
shareholders of Southern Andes will receive approximately 0.45 of a common share
of Caracara for each common share of Southern Andes held. No action on the part
of Southern Andes shareholders of record on April 10, 2012 is required to
receive the Caracara shares.


Subject to the satisfaction or waiver of all conditions, it is anticipated that
the Merger will be completed on or about April 13, 2012. A further press release
will be issued upon completion of the Merger providing details for the exchange
of Southern Andes common shares for those of Macusani in accordance with the
terms of the Merger.


Mr. Peter Hooper, President and CEO of Macusani, stated: "We are very pleased
with the strong support provided by Macusani and Southern Andes shareholders for
the Merger and look forward to realizing upon the expected benefits of the
transaction."


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
south-eastern Peru. Macusani owns a 99.5% interest in concessions which cover
over 24,000 hectares (240 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'. For more information please visit
www.macyel.com.


About Southern Andes Energy Inc.

Southern Andes Energy Inc. is focused on exploring and developing uranium
resources to meet the world's growing demand for clean energy. Southern Andes is
the largest landowner in the emerging Macusani Uranium District in Peru with
holdings of more than 65,000 hectares (650 km2) of land. The Company owns a 7%
equity interest in Macusani and also a 65% interest in Caracara, which has been
created to advance and develop the Company's extensive silver and zinc projects
in Peru. Southern Andes is listed on the TSX Venture Exchange under the symbol
'SUR'.


Cautionary Statements 

Forward Looking Information 

This news release includes certain forward-looking statements concerning the
future performance of Macusani's and Southern Andes' 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 "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 Southern Andes caution against
placing undue reliance thereon. Neither the companies nor their management
assume any obligation to revise or update these forward-looking statements.

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