More exciting results at Mahala Creek, Jerritt Canyon



    TORONTO, Nov. 27 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange:
YNG; Frankfurt Xetra Exchange: NG6) announces results of its exploration
drilling in the Mahala Creek area at its wholly owned, gold production Jerritt
Canyon property in Nevada, USA.
    One area of significant emphasis during the 2007 exploration program at
Jerritt Canyon has been on the Mahala Basin and Western Zone 2 of the Smith
Mine. (see Figure 1. On web page). Exploration here has focused both on
resource and reserve additions to existing ore shapes and to the search for
entirely new ore bodies between the Smith/Mahala and SSX Mines. There are
currently five reverse circulation drills and one core drill active in this
area. Encouraging assays have been received from several targeted areas.
Assays reported in this news release are from reverse circulation holes
drilled from surface. The drill program is ongoing and results from core holes
have not been received yet.
    Drilling on strike of mineralization in the Smith Mine's Zone 2 has
intersected significant gold grades in SH-1178A almost 2,000 feet (610 m) west
of the current workings. The persistence of this mineralization is supported
by SH-1175A and SH-1177A, as listed in Table 1 (below):

    
                                  Table 1.

    -------------------------------------------------------------------------
                    From              To          Thickness        Grade
    -------------------------------------------------------------------------
    Drill Hole
    Number       ft      (m)      ft      (m)     ft    (m)     Opt     g/t
    -------------------------------------------------------------------------
               Zone 2 Extension
    -------------------------------------------------------------------------
    SH-1175A    1460    445.1    1480    451.2    20    6.1    0.241    8.26
    -------------------------------------------------------------------------
                1490    454.3    1500    457.3    10      3    0.260    8.91
    -------------------------------------------------------------------------
    SH-1176     1220    371.9    1235    376.5    15    4.6    0.213    7.30
    -------------------------------------------------------------------------
    SH-1177A    1185    361.3    1215    370.4    30    9.1    0.238    8.16
    -------------------------------------------------------------------------
    SH-1178A     915    279.0     945    288.1    30    9.1    0.415   14.23
    -------------------------------------------------------------------------
               Mahala Extension Zone 8
    -------------------------------------------------------------------------
    MAH-364      785    239.3     800    243.9    15    4.6    0.259    8.88
    -------------------------------------------------------------------------
                 815    248.5     820      250     5    1.5    0.152    5.21
    -------------------------------------------------------------------------
                 915    279.0     920    280.5     5    1.5    0.169    5.79
    -------------------------------------------------------------------------
    MAH-365      545    166.2     550    167.7     5    1.5    0.170    5.83
    -------------------------------------------------------------------------
                 725    221.0     730    222.6     5    1.6    0.212    7.27
    -------------------------------------------------------------------------
    MAH-366      665    202.7     680    207.3    15    4.6    0.198    6.79
    -------------------------------------------------------------------------
    MAH-367      640    195.1     655    199.7    15    4.6    0.316   10.83
    -------------------------------------------------------------------------
    MAH-371      975    297.3     980    298.8     5    1.5    0.161    5.52
    -------------------------------------------------------------------------
    MAH-374      750    228.7     755    230.2     5    1.5    0.184    6.31
    -------------------------------------------------------------------------
               Z4 South
    -------------------------------------------------------------------------
    MAH-382      625    190.5     645    196.6    20    6.1    0.188    6.44
    -------------------------------------------------------------------------
    MAH-383      725    221.0     740    225.6    15    4.6    0.198    6.79
    -------------------------------------------------------------------------
                 745    227.1     760    231.7    15    4.6    0.245    8.40
    -------------------------------------------------------------------------
               Mahala Basin
    -------------------------------------------------------------------------
    MAH-376     1370    417.7    1380    420.7    10      3    0.178    6.10
    -------------------------------------------------------------------------
    

    Drilling continues to support the potential for growth of the Zone 8
resource area. Drill results greater than 0.150 opt (5.1g/t) Au are listed in
Table 1. Seven holes drilled as part of this program (SH-1181A, SH-1182A,
MAH-363, MAH-368, MAH-369, MAH-370, and MAH-372) had no intercepts greater
than 0.150 opt (5.1 g/t).
    Favorable results from MAH-382 and MAH-383 (listed above) appear to
indicate an additional target environment with potential for new discoveries.
The intervals listed are within much thicker section of anomalous gold. The
mineralization appears to be related to a structure or structures sub-parallel
to the Mahala Dike trend with a potential strike length equivalent to the
Mahala Dike trend. Drills are currently testing this concept.
    Drills are also testing an area 3,000-4,500 (915-1370m) southwest of the
Zone 4 (see Figure 2. On web page) in Smith along dike exposures. MAH-376
encountered 10' (3m) of mineralization with 0.168 opt (6.1g/t) assays.
    "The discovery of this new corridor of mineralization between the Smith
and SSX mines is exactly the kind of result that we have been looking for with
our aggressive exploration budget at Jerritt", said Yukon-Nevada Gold Corp.'s
President Graham Dickson. "It validates our geologists belief that in addition
to adding resources to existing mines at Jerritt Canyon they will discover
entirely new ore bodies within the district," he further added. "That this
corridor compares geologically and geochemically with other zones at Jerritt
Canyon that have hosted multiple ore bodies greater than one million ounces is
extremely exciting."
    Assays from surface exploration holes reported in this news release were
by ALS Chemex, North Vancouver, B.C. and by the Company's assay laboratory at
the Jerritt Canyon Mine, using standard fire assay techniques. The Company's
Quality Assurance and Quality Control protocols are available in the Company's
NI 43-101 Technical Report dated May 1st, 2007 and available on www.sedar.com.
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.
This News Release was reviewed and approved by the Company's Executive Vice
President-Exploration, Dorian L. (Dusty) Nicol, M.Sc., P.Geo., the Qualified
Person for purposes of this release.

    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, IR, Tel: (604) 688-9427, Email: nicole@yngc.ca,
www.yukon-nevadagold.com; CHF Investor Relations, Jeanny So, Broker
Specialist, Tel: (416) 868-1079 ext. 225, Email: jeanny@chfir.com,
www.chfir.com

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