Gully Vein continues to grow at the Shamrock Zone, Ketza River



    VANCOUVER, Sept. 26 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces results from its
drilling program at the Gully Zone, part of the Shamrock Gold Zone on the
wholly-owned, past producing, Ketza River property located near Ross River, in
the Yukon Territory, Canada. All drill holes referenced in this news release
are diamond drill holes.
    The Gully Zone is one of several mineralized zones which have been
identified in the Shamrock Zone of the Ketza River property. Exploration
conducted during the 2007 field season has allowed company geologists to make
significant advances in understanding the geologic controls on mineralization
in this part of the Ketza River property and to define several new target
areas based on geology, geophysics, and geochemistry. An aggressive drilling
program is currently underway to continue testing the Gully Zone and other
target areas in the Shamrock Zone.

    Gully Vein
    ----------

    Mining in the late 1980's produced 8,136 ounces at a grade of 10 g/t Au
from the Gully Pit on Shamrock. The pit was developed on oxidized
mineralization near the top of the Gully Vein. Mining stopped when the pit
reached the massive pyrrhotite-pyrite mineralization. Sampling of the vein and
associated fault zone exposed in the pit was reported in the YGC Resources
news release dated October 25, 2006 and detailed a 9.6 meter wide zone
yielding a weighted average of 14.16 g/t gold.

    
                      Table 1. Gully Zone 2006 Sampling

    ------------------------------------------------------------------
    Sample Width
     (meters)                   Description                    Au g/t
    ------------------------------------------------------------------
       2.00             chip - quartz-oxide breccia             16.35
    ------------------------------------------------------------------
       0.70              channel - pink-white clay              17.45
    ------------------------------------------------------------------
       1.20             channel - brown sandy clay              26.50
    ------------------------------------------------------------------
       0.70           channel - intense clay & oxides            8.59
    ------------------------------------------------------------------
       2.00               chip - massive sulfide                21.80
    ------------------------------------------------------------------
       3.00               chip - massive sulfide                 3.20
    ------------------------------------------------------------------
    

    Drilling of the down-dip extension of the vein began on June 21, and a
total of 36 drill holes have been completed. The vein strikes N20W and dips
50 degrees to the southwest.
    All drill holes hit the vein, and have tested it over a vertical distance
of 120 meters, with the vein being open at depth. The vein has been drilled
over a horizontal distance of 240 meters, and is open along strike in both
directions. Magnetic data suggests the vein extends for a strike length of at
least 600 meters. Results have been received for 14 holes. Drill hole
KR-07-1106 intersected a true thickness of 4.02 meters grading 9.13 g/t Au,
which included a 1.04 meter cut of 24.50 g/t Au. Drill hole KR-07-1111
contained an intercept of 11.92 meters true thickness of 4.17 g/t Au, and
included 2.64 meters that ran 13.17 g/t Au.

    
                      Table 2. Gully Zone 2007 Drilling

    Drill Hole                                        Thickness        Grade
    Number                 From           To           True (m)       g/t Au
    ------------------------------------------------------------------------
    KR-07-1073            43.26         45.10            1.76           2.79
    ------------------------------------------------------------------------
    KR-07-1074            42.96         45.52            2.43           2.56
                       -----------------------------------------------------
                         141.89        143.91            1.91           6.04
    ------------------------------------------------------------------------
    KR-07-1076            41.76         47.60            5.16           2.89
                       -----------------------------------------------------
                         124.05        125.30            0.27          10.90
    ------------------------------------------------------------------------
    KR-07-1081            44.53         47.85            2.27           5.06
    ------------------------------------------------------------------------
    KR-07-1082            44.38         47.85            2.51          11.33
    ------------------------------------------------------------------------
    KR-07-1085            46.84         48.88            1.47           2.05
    ------------------------------------------------------------------------
    KR-07-1089            49.35         54.58            2.01           7.01
                       -----------------------------------------------------
                          49.35         50.90            0.59          17.00
                       -----------------------------------------------------
                          72.24         75.29            1.17           1.27
    ------------------------------------------------------------------------
    KR-07-1091            47.85         53.00            2.14           4.79
    ------------------------------------------------------------------------
    KR-07-1094            51.78         57.00            2.28           1.57
    ------------------------------------------------------------------------
    KR-07-1099            56.40         59.03            1.16           3.16
    ------------------------------------------------------------------------
    KR-07-1100            47.85         50.90            2.76           4.20
                       -----------------------------------------------------
                          61.83         63.09            1.14           1.67
    ------------------------------------------------------------------------
    KR-07-1103            44.24         47.04            2.68           4.89
    ------------------------------------------------------------------------
    KR-07-1106            43.75         47.85            4.02           9.13
                       -----------------------------------------------------
                          43.75         44.81            1.04          24.50
    ------------------------------------------------------------------------
    KR-07-1111            78.33         96.33           11.92           4.17
                       -----------------------------------------------------
                          85.83         89.81            2.64          13.17
    ------------------------------------------------------------------------
    

    Drill holes KR-07-1078, 87, 1109 and 1110 are still pending.

    All assays for the drill program at Ketza River were by ALS Chemex, North
Vancouver, B.C. This news release was reviewed and approved by, the Company's
Project Manager, Edward Gates, M.Sc., P.Geo., the Qualified Person for the
purposes of this release, and by the Company's Executive Vice President -
Exploration, Dorian L. (Dusty) Nicol, M.Sc., P, Geo.

    If you would like to receive press releases via email please contact
nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject
line.

    The TSX Exchange has not reviewed and does not accept responsibility for
    the adequacy or accuracy of this release.

    WARNING: The Company relies upon litigation protection for "forward-
    looking" statements.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

    %SEDAR: 00004098E




For further information:

For further information: Yukon-Nevada Gold Corp.: Nicole Sanches,
Manager, Tel: (604) 688-9427, Email: nicole@yngc.ca, www.yngc.ca; CHF Investor
Relations, IR Jeanny So, Broker Specialist, Tel: (416) 868-1079 ext. 225,
Email: jeanny@chfir.com, www.chfir.com

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