Yukon-Nevada Gold Corp. announces private placement



    VANCOUVER, Feb. 12 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) Graham Dickson, the President of
Yukon-Nevada Gold Corp. (the "Company"), announces that the Company has
negotiated a $1,700,000 non-brokered private placement to sell up to
28,333,333 units (the "Units") at a price of $0.06 per Unit. A finder's fee is
payable on part of the private placement.
    The proceeds from this private placement will finance the operations at
the Jerritt Canyon property during the pre-start up phase as well as fund the
necessary capital improvements required to the mill facility.
    Each Unit will consist of one common share (a "Share") and one share
purchase warrant (the "Warrant"). The Warrant can be exercised to purchase one
additional common share (a "Warrant Share") at a price of $0.08 per share
within 24 months of closing of the private placement. Closing of the private
placement is subject to acceptance by the Toronto Stock Exchange.
    In accordance with securities legislation currently in effect, the
Shares, the Warrants and the Warrant Shares will be subject to "hold period"
of four months plus one day from the date of issuance of the aforesaid
securities.

    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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