Jerritt Canyon continues to yield exciting exploration results as reported by Yukon-Nevada Gold Corp.



    VANCOUVER, May 6 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange:
YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce additional assay
results from its 2008 surface exploration drilling at its wholly-owned, gold
production Jerritt Canyon property in Nevada, USA. Drilling from surface has
continued to both extend mineralization beyond known resources and beyond
previously identified mineralized zones. All drill holes referenced in this
release were drilled from April 28 to July 11, 2008, and for which final assay
reports were received by April 17, 2009 and are shown in the accompanying two
maps which can also be found on our website:
    http://www.yukon-nevadagold.com/s/NewsReleases.asp.
    Significant drill hole assays from the 2008 surface exploration drilling
are presented in Table 1 below. Drill results are from the Smith Mine-Mahala
Basin, Starvation Canyon, and Marlboro Canyon areas.

    Smith Mine - Mahala Basin:
    USB-077A, a reverse-circulation drill hole in the Mahala Basin, contained
an interval of 30.0 feet (9.1 m) averaging 0.173 ounces of gold per ton (5.92
gpt); this interval starts at 1,100.0 feet (335.4 m) and occurs approximately
3,100 feet (945 m) northwest along strike and at approximately the same
elevation as the Zone 4 workings in the Smith Mine.
    SH-1188AC, a core hole in the West Coulee zone, and SH-1202, a reverse
circulation hole in the West Dash Zone, contain intervals of 5.0 feet
averaging 0.209 ounces of gold per ton (7.17gpt) and 0.160 ounces of gold per
ton (5.48 gpt), respectively.

    Marlboro Canyon:
    NF-971, a reverse circulation drill hole that was drilled 57 feet
northwest of the previously released intercept encountered in hole NF-964 (25
feet of 0.230 opt Au as reported in the July 10, 2008 press release) in the
Alchem East Zone near the Marlboro Canyon deposit contained an interval of
20.0 feet (6.1 m) of 0.209 ounces of gold per ton (7.16 gpt) starting at 865.0
feet (263.7 m). The Alchem East Zone will deserve additional attention in
future district-wide exploration programs.

    Starvation Canyon:
    Resources defined in Starvation Canyon are 199,900 ounces of gold
contained in Indicated resources grading 0.287 oz/T gold as reported in the NI
43-101 resource estimate dated April 16, 2008. Reverse circulation drill hole
TJ-349 is located about 20 feet northwest of the defined Starvation Resource
and contained an interval of 15.0 feet (4.6 m) of 0.175 ounces of gold per ton
(5.99 gpt) starting at 165.0 feet (50.3 m). TJ-320, also a reverse circulation
drill hole is located 640 feet to the southeast of the existing resource
boundary along the same mineralization trend and contained 5.0 feet (1.5 m) of
0.177 ounces of gold per ton (6.07 gpt) starting at 970.0 feet (295.7 m). This
intercept opens up additional exploration opportunities adjacent to the
existing Starvation Canyon resource that is currently in the permitting phase.
    Graham Dickson, the President and CEO of Yukon-Nevada Gold Corp., stated
that, "These results show that there is substantial potential for Jerritt
Canyon mineralization to be discovered well beyond the limits of defined ore
zones and therefore we can expect the life of mine to follow suit."

    
        Table 1. Surface drill hole assays received from June 30, 2008 to
               April 17, 2009 from the Jerritt Canyon property.

    -------------------------------------------------------------------------
                                                   Inter- Inter-
    Hole ID    Zone    From    From     To     To    val    val    Au    Au
                       (ft)     (m)    (ft)    (m)   (ft)   (m)   (opt) (g/t)
    -------------------------------------------------------------------------
    USB-077A   Upper
               Stump
               Basin   1100.0  335.4  1130.0  344.5  30.0  9.1   0.173  5.92
    -------------------------------------------------------------------------
    SH-1188AC  West
               Coulee  1505.0  458.8  1510.0  460.4   5.0  1.5   0.209  7.16
    -------------------------------------------------------------------------
    SH-1202    West
               Dash     460.0  140.2   465.0  141.8   5.0  1.5   0.160  5.48
    -------------------------------------------------------------------------
    NF-971     Alchem
               East     865.0  263.7   875.0  269.8  20.0  6.1   0.209  7.16
    -------------------------------------------------------------------------
    TJ-349     Starva-
               tion
               Canyon   165.0   50.3   180.0   54.9  15.0  4.6   0.175  5.99
    -------------------------------------------------------------------------
    TJ-320     Starva-
               tion
               Canyon   970.0  295.7   975.0  297.3   5.0  1.5   0.177  6.07
    -------------------------------------------------------------------------
    

    Note that the drill intercepts reported above are not included in the
data used in the April 16, 2008 NI 43-101 resource. In 2008 a total of 113,120
feet in 108 surface holes (mostly exploration) were drilled throughout the
Jerritt Canyon property. Assays from an additional 32 surface holes received
after June 30, 2008 contained no significant assays (greater than) 0.15 oz/T.
A complete table of updated assay results for the 2008 surface drilling
program may be found on our website:
http://www.yukon-nevadagold.com/i/pdf/JC-SRF-DrillData-Apr-17-09.pdf.
    Assays from the surface exploration holes reported in this news release
were by ALS Chemex, North Vancouver, BC, using standard fire assay techniques.
Intercepts are reported as drilled. True widths have not yet been calculated;
given the geometry of mineralization at Jerritt Canyon, the concept of true
width is not always meaningful before delineation drilling has been completed.
The company's Quality Assurance and Quality Control protocols are available in
the Company's NI 43-101 Technical Report dated April 16, 2008 and is available
on www.sedar.com and on our website:
    http://www.yukon-nevadagold.com/s/JerrittCanyon.asp?ReportID=195388.
    This News release was reviewed and approved by the Company's Senior
Geologist, Todd Johnson, M.Sc., the Qualified Person for purposes of this
release.

    Yukon-Nevada Gold Corp. is a North American gold producer in the business
of discovering, developing and operating gold deposits. The Company holds a
diverse portfolio of gold, silver, zinc and copper properties in the Yukon
Territory and British Columbia in Canada and in Arizona and Nevada in the
United States. The Company's focus has been on the acquisition and development
of late stage development and operating properties with gold as the primary
target. Continued growth will occur by increasing or initiating production
from the Company's existing properties.

    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 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,
Investor Relations Manager, Tel: (604) 688-9427, Email: nicole@yngc.ca,
www.yukon-nevadagold.com; CHF Investor Relations, Jacqueline Wagenaar, Account
Manager, Tel: (416) 868-1079 ext. 289, Email: jacqueline@chfir.com,
www.chfir.com

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