Yukon-Nevada Gold Corp. closes private placement



    VANCOUVER, April 24 /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 closed
its $720,000 non-brokered private placement for a total of 12,000,000 units
(the "Units") at a price of $0.06 per Unit. A finder's fee was paid on a
portion of the private placement. In accordance with Section 607(g)(i) of the
TSX Company Manual, as the maximum aggregate number of securities issuable by
the Company pursuant to private placements closed on February 27, 2009 and
this private placement aggregate 93,199,998 shares (including any finder's
fees), or 34.18% of the Company's issued and outstanding share capital prior
to completion of the above private placements, closing of the private
placement was subject to shareholder approval, which has been received.
    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.
    One director of the Company, Robert E. Chafee, is participating in the
private placement and is subscribing for 3,333,333 Units. The maximum number
of Shares to be issued to Mr. Chafee, including Shares underlying the
Warrants, would be 6,666,666 Shares, being 2.21% of the Company's current
issued and outstanding Shares or 2.13% of the Company's then issued share
capital. Upon completion of the private placement and the exercise of his
Warrants, Mr. Chafee now holds, including currently held Shares, 3.61% of the
Company's issued share capital.
    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 expiring on August 25, 2009.
    The proceeds of the private placement transaction will be used for the
resumption of milling at the Company's Jerritt Canyon Mine, Nevada and for
working capital.

    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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