Yukon Gold Retains Leading Investor Relations Firm

    TORONTO, May 8 /CNW/ - Yukon Gold Corporation, Inc. ("Yukon Gold" or the
"Company"), (TSX: YK) (OTCBB: YGDC) (Frankfurt: W8Y) announced today that it
has retained The Equicom Group Inc. to provide Yukon Gold with strategic
investor relations and financial communications services.
    Equicom provides strategic communications services to approximately 100
public companies across a diverse range of industries. Under the terms of the
agreement, Yukon Gold will pay Equicom a monthly retainer fee of $5,000 for
select services. The initial contract term is 12 months and commences
immediately.
    Neither Equicom nor any of its principals have an ownership interest,
directly or indirectly, in Yukon Gold or its securities, and Yukon Gold has
not granted Equicom or its principals any right to acquire such an interest.
Equicom is a wholly-owned subsidiary of TSX Group Inc.

    About Yukon Gold

    Yukon Gold Corporation, Inc. (Yukon Gold) explores and develops mining
properties with a commitment to moving projects towards production. Yukon
Gold's 100% owned Marg Deposit is an advanced stage
copper/lead/zinc/silver/gold deposit in the Tombstone Belt in Yukon, Canada.
Currently there are 28.9M of the Company's common shares outstanding.

    About The Equicom Group Inc.

    Equicom, a wholly-owned subsidiary of TSX Group Inc., is Canada's leading
provider of investor relations and strategic corporate communications
services. With proven expertise in developing and executing highly effective
strategic communications programs, and an extensive network of investment
community contacts, Equicom specializes in helping clients achieve their
capital markets objectives. Equicom offers a comprehensive suite of services
including: investor relations, media relations, annual report production,
multimedia and web design, web casting, live event management and corporate
branding. Equicom is headquartered in Toronto, with offices in Montreal and
Calgary. For further information, please visit www.equicomgroup.com.

    FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of Section 21E of the United
States Securities Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the company, certain information contained herein
constitutes forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan," "expect," "project,"
"intend," "believe," "anticipate", "estimate" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties involved
in interpreting drilling results and other ecological data, fluctuating metal
prices, the possibility of project cost overruns or unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing
needed in the future and other factors. The Company undertakes no obligation
to update forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to place
undue reliance on forward-looking statements. Cautionary Note to US Investors
- The United States Securities and Exchange Commission (SEC) limits disclosure
for U.S. reporting purposes to mineral deposits that a company can
economically and legally extract or produce. The reader is cautioned that the
terms "resource," "indicated" and "inferred" are not terms recognized by SEC
guidelines for disclosure of mineral properties. Generally, "indicated" and
"inferred" estimates do not rise to the level of certainty required by SEC
guidelines. The mineralized material described above is not considered a
"reserve" as that term is used in the mining industry and in SEC disclosure
guidelines. The Company must undertake a feasibility study before it can
estimate the value of the Marg Deposit. U.S. investors are urged to consider
closely the disclosure in our Form 10-KSB, File No. 000-51068. You can review
and obtain copies of these filings from the SEC's website at
http://www.sec.gov/edgar.shtml.

For further information: Cletus Ryan, VP Corporate Development, Yukon
Gold Corporation, Inc., Tel: (416) 865-9869 or 1-800-295-0671 x12, Email:
cryan@yukongoldcorp.com, Website: www.yukongoldcorp.com; Jay Bedard, Investor
Relations, The Equicom Group, Tel: (416) 815-0700 xt 247, Email:
jbedard@equicomgroup.com, www.equicomgroup.com