VANCOUVER, April 17 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces the appointment of
Robert F. Baldock, CA(M), FCPA, FCMC to the Board of Directors and the
resignation of E. Lynn Patterson as Chairman to the Board of Directors and as
a Director of the Company.
Mr. Patterson has resigned due to health reasons and the Company would
like to thank Mr. Patterson for his hard work and for his contribution to the
growth of the Company. We wish him speedy recovery to full health and every
success in his future endeavors. The Company is actively seeking a new
Chairman and in the interim period Mr. Graham Dickson will act as Chairman as
well as President and CEO.
Mr. Baldock is an experienced mining executive as well as being a
qualified and experienced accountant with over 30 years of hands-on management
of public and private corporations across a wide range of industries, focused
on the mining industry.
Mr. Baldock is the former co-founder and Managing Director and
subsequently Executive Chairman of Golconda Minerals N.L. Group of Mining
Companies listed on the ASX, NASDAQ and Stuttgart Stock Exchanges. He was also
President of a controlled subsidiary, Nevada Goldfields Corporation, listed on
the TSX, Toronto, NASDAQ, USA and Stuttgart Stock Exchanges. Mr. Baldock's
role with the Golconda Group also included the role of Managing Director of
Duketon Exploration Limited, listed on the ASX. During Mr. Baldock's period of
tenure he had the overall responsibility of raising the initial capital and
using the raised capital and cash flow from the newly established gold
operations to oversee the design, construction, commission and operation of
six mineral processing plants and gold producing projects.
He was the founder of Monument Mining Limited a TSX-V listed near term
gold producer presently building a new gold project in Malaysia expected to
commence production in Q3 2009 and is a Director, President and CEO of that
Yukon-Nevada Gold Corp. is a North American gold company 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.
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WARNING: The Company relies upon litigation protection for
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.
For further information:
For further information: Yukon-Nevada Gold Corp., Nicole Sanches,
Investor Relations Manager, Tel: (604) 688-9427, Email: email@example.com,
www.yukon-nevadagold.com; CHF Investor Relations, Jacqueline Wagenaar, Account
Manager, Tel: (416) 868-1079 ext. 289, Email: firstname.lastname@example.org,