Yukon Gold's 2008 Drill Program Confirms Resource Grades in the Metallurgical Sample from its Marg Deposit and Sees Renewed Interest in its Mt. Hinton Property



    TORONTO, Oct. 14 /CNW/ - Yukon Gold Corporation, Inc. ("Yukon Gold" or
the "Company")(TSX: YK) (OTCBB: YGDC) (Frankfurt: W8Y) is pleased to announce
the Marg drill results, below, made over this summer's 3674 metre drill
program.
    Renewed interest in the Mt Hinton property is due to Alexco entering into
a Silver Purchase Agreement with Silver Wheaton, anticipating that the initial
silver deliveries will come from the Bellekeno property at Keno Hill, which is
contiguous to Mt Hinton.

    Marg Deposit Update

    Yukon Gold is pleased to announce results of the 2008 diamond drill
program at its 100% owned Marg Property, an advanced stage
copper/lead/zinc/silver/gold deposit in the Tombstone Belt in Yukon, Canada.
    With a skid mounted rig, 3674 metres were drilled in 10 holes. Six holes
were to collect metallurgical test samples and four holes were to test the
extension of the known mineralization.

    
    Highlights of the drill results are outlined below:

    Hole_ID    from     to   core width  Cu     Pb     Zn       Ag       Au
                                (m)       %      %      %       g/t      g/t

    M-108     111.42  111.85    0.43    1.49   2.20    3.84    53.90    1.33
              158.29   162.8    4.51    0.60   1.26    2.19    44.27    2.04
               181.6   185.8    4.20    1.67   3.40    5.53    82.81    1.81
               195.8  196.43    0.63    0.17   1.37    1.75    26.70    0.36

    M-109      145.8  157.35   11.55    1.72   1.72    3.64    42.41    0.63

    M-110      246.1   255.9    9.80    2.15   3.50    7.37    79.26    1.25
               290.8   291.3    0.50    1.69   1.97    3.86    93.50    1.34
               295.5     306   10.50    1.03   1.69    3.23    46.71    0.90

    M-111      294.2   299.9    5.70    1.52   2.06    4.71    44.20    0.93
              332.77   337.6    4.83    0.87   1.63    3.10    39.03    0.52

    M-112     294.65   295.2    0.55    1.70   3.45    7.20   assays pending
               298.2   301.9    3.70    1.81   2.28    6.52   assays pending
               314.3   315.7    1.40    0.93   1.50    3.00   assays pending
               332.9     336    3.10    0.54   0.74    1.47   assays pending

    M-113      330.7   336.7    6.00    2.42   2.11    4.67   assays pending
               379.6   380.4    0.80    1.60   2.40    4.65    59.00    0.55

    M-114      418.6   420.1    1.50    0.38   0.48    0.86    10.74    0.13
           including
               419.6   420.1    0.50    0.90   1.16    2.03    25.80    0.24

    M-115      275.8   276.3    0.50    0.17   1.94    3.37    67.20    0.03

    M-116      333.1  335.15    2.05    0.17   0.60    1.71    10.63    0.08
           including
               334.6  335.15    0.55    0.36   1.59    4.36    24.10    0.15

    M-116     361.35   362.5    1.15    1.60   0.86    2.61    24.16    0.44
           including
              361.95   362.5    0.55    3.05   1.55    4.78    42.30    0.81

    M-117  No Significant Intersections
    

    Holes M-108 to M-113 provided samples for the metallurgical test work
and, as well, provided a higher confidence level in the resource estimate
released in July 2008 by confirming grades and widths. Holes M-114 to M-116
were exploratory holes confirming the continuation of the mineralized zones to
depth and to the west. Hole M-117 encountered extensive faulting and no
significant mineralization.
    The majority of assays were carried out by ALS Chemex Laboratories, an
accredited lab. Assay results (which do not include gold or silver results)
for holes M-112 and M-113 were carried out by G&T Metallurgical Services Ltd.
as part of the metallurgical programme (G&T Metallurgical is also an
accredited laboratory). Rejects from the samples assayed at G&T Metallurgical
will also be assayed at ALS Chemex to provide gold and silver results as well
as checks on the copper, lead and zinc results. (Based on comparisons of
duplicate assays completed to date on the first three holes, the results for
base metals are not expected to vary significantly.)
    The metallurgical test work at G&T Metallurgical Services Ltd. in
Kamloops, B.C started in late August. The test program is expected to be
completed by year end; however preliminary results may become available before
that time.
    Upon receipt of the Metallurgical Report, Yukon Gold will assess the
resumption of the Scoping Study commenced in February 2008.

    Mt Hinton Update

    Yukon Gold is planning to renew exploration in 2009 on the drill-ready Mt
Hinton gold/silver property in Keno City, contiguous to the Bellekeno Mine of
Alexco.

    Chief Administrative Officer Appointment

    Yukon Gold is pleased to announce that Kathy Chapman has been appointed
Chief Administrative Officer. Mrs. Chapman has worked for the Company since
its inception and has over 30 years combined experience in accounting,
administration, human resources, management, financial control and regulatory
compliance in both Canadian and US public companies.

    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 33.6 million of the Company's common shares outstanding.

    The technical information in this Press Release has been reviewed by Gary
A. Cohoon P.Geo. and a Qualified Person.

    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: 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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