Yukon Gold Hires First Canadian Capital Corp For Investor Relations



    TSX: YK
    OTCBB: YGDC
    Frankfurt: W8Y

    TORONTO, July 29 /CNW/ - Yukon Gold Corporation, Inc. ("Yukon Gold" or
the "Company"), (TSX: YK) (OTCBB: YGDC) (Frankfurt: W8Y) is pleased to
announce that it has engaged First Canadian Capital Corp. (FCCC), for investor
relations. Under the terms of the agreement, Yukon will pay FCCC $6,000 per
month and 250,000 stock options. First Canadian will assist the Company in
fostering productive and continuing dialogue with private investors, analysts,
brokers and other financial professionals.
    FCCC is a leading provider of investor relations services to public
companies in Canada. Based in Toronto and operating for over ten years, First
Canadian has assisted numerous corporations in gaining exposure and
recognition within the global investment community. You may visit First
Canadian's website at www.firstcanadiancapital.com

    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.
Yukon Gold has 33,650,629 common shares issued and 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:

For further information: First Canadian Capital Corp, (416) 742-5600 or
toll free at 1-866-580-8891; Yukon Gold Corporation, Inc., Cletus Ryan, VP
Corporate Development, (416) 865-9869 or 1-800-295-0671 x12, Email:
cryan@yukongoldcorp.com, Website: www.yukongoldcorp.com

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