Yukon Gold Amends Marg Acquisition Agreement

    TORONTO, Dec. 11 /CNW/ - Yukon Gold Corporation, Inc. ("Yukon Gold" or
the "Company")(TSX: YK) (OTCBB: YGDC) (Frankfurt: W8Y) is pleased to announce
Yukon Gold and Atna Resources Ltd. ("Atna") entered into a letter agreement
(the "Amendment Agreement") amending the purchase agreement by which the
Company acquired its Marg Property (the "Marg Acquisition Agreement"). Under
the terms of the Marg Acquisition Agreement the Company is required to pay to
Atna CDN$200,000 (in cash or shares of the Company's common stock) on December
12, 2008. In lieu of making such payment, the Amendment Agreement permits the
Company to pay Atna CDN$25,000 in cash on December 12, 2008 and CDN$225,000
(payable in cash or shares of the Company's common stock) on April 30, 2009.

    About Yukon Gold

    Yukon Gold Corporation, Inc. (Yukon Gold) explores and develops mining
properties with a commitment to moving projects towards production. Currently
there are 33.6M of the Company's common shares outstanding.

    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: Yukon Gold Corporation, Inc., Cletus Ryan, VP
Corporate Development, [phone] or 1-800-295-0671 x12, Email:
[e-mail], Website: www.yukongoldcorp.com