Yukon-Nevada Gold Corp. intersects 3.05 meters of 84.5 g/t gold at Ketza
River Project

VANCOUVER, March 4 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce that it has recently received assay results for the remainder of the diamond drilling program conducted in 2008. The Ketza River property is wholly-owned by Yukon-Nevada Gold Corp. ("YNG") and is a past gold producer located near the town of Ross River, Yukon Territory, Canada.

YNG reactivated the Ketza River project camp in May 2009. Since that time the following exploration work has been carried out:

    
    -   Logging, sampling, and assaying of the remaining diamond drill holes
        completed in 2008;
    -   reconnaissance mapping and surface rock-chip sampling on outlying
        targets;
    -   geophysics;
    -   drill targeting and diamond drilling;
    -   historical drill hole data verification; and
    -   geological modeling to support a new resource estimation.
    

Results were received from the Gold Flow, 3-M and QB zones in the Shamrock area and from the Hoodoo, Tarn and Break Zones in the Manto area. Most of the drill holes were targeted to expand the margins of known mineralized zones and to explore new targets. Five of the reported drill holes were drilled within the known resource areas, using similar drill hole assay quality assurance and quality control procedures as the other exploratory drill holes, to acquire mineralized rock for metallurgical test work. Highlights of these results are described below and the complete results are shown in Table 1 below. The mineralized zones and targets are shown in Figure 1 which can be found on our website: http://yukon-nevadagold.com/i/maps/KetzaTargets2010.jpg

Shamrock - Gold Flow Target

Three drill holes were drilled to test altered zones up slope from a major soil anomaly. Drill hole KR-08-1461 returned several intercepts, including 3.05 meters grading 6.92 g/t Au, starting at 8.23 meters.

Mantos - Hoodoo Zone

Results were received for 10 drill holes. Highlights include drill hole KR-08-1455, which cut 9.14 meters grading 32.98 g/t Au. This included 3.05 meters assaying 84.50 g/t Au. Another highlight of the results was drill hole KR-08-1460, which contained a 1.30 meter interval of 24.90 g/t Au.

Mantos - Tarn Zone

Assays were received for 10 drill holes in the Tarn Zone. The best intercept was from drill hole KR-08-1354, which intersected 6.09 meters and assayed 6.76 g/t Au starting at 14.33 meters. Also significant was drill hole KR-08-81 which intersected 2.15 meters which assayed 3.61 g/t Au starting at 27.42 m.

    
    -------------------------------------------------------------------------
                                   Table 1
                  2008 Ketza River Project Drilling Results
                     (all results as weighted averages)
    -------------------------------------------------------------------------
            North      East   Elev.            Depth From   To     Width g/t
       DDH   (m)        (m)    (m)   Az   Dip   (m)   (m)   (m)   (m)(1)  Au
    -------------------------------------------------------------------------
    Shamrock - Gold Flow
    -------------------------------------------------------------------------
    KR-08-
     1459 6,827,193   645,633 1,804   268   -85 193  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
     1461 6,827,193   645,631 1,804   268   -44 167   8.23  11.28  3.05  6.92
    -------------------------------------------------------------------------
                          and                        20.42  23.47  3.05  1.09
    -------------------------------------------------------------------------
                          and                       135.55 136.76  1.21  3.77
    -------------------------------------------------------------------------
                          and                       145.39 145.96  0.57  6.28
    -------------------------------------------------------------------------
    KR-08-
     1465 6,827,232   645,526 1,765   273   -86 185  74.78  77.18   2.4  1.16
    -------------------------------------------------------------------------
    Shamrock - 3-M Zone
    -------------------------------------------------------------------------
    KR-08-
    1445  6,826,978   645,819 1,820  82.5 -44.3 145  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1449  6,826,978   645,818 1,820  47.3 -64.8 145  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1451  6,826,908   646,015 1,772 296.6 -46.6 191  162.5 163.63  1.13  1.33
    -------------------------------------------------------------------------
    KR-08-
    1453  6,826,908   646,015 1,772 295.9 -65.3 170  84.43 100.19 15.76  1.46
    -------------------------------------------------------------------------
    KR-08-
    1454  6,826,946   646,003 1,771 320.8 -43.7 183  12.41  14.46  2.05   5.6
         --------------------------------------------------------------------
                          and                        73.23   75.8  2.57   1.1
    -------------------------------------------------------------------------
    KR-08-
    1457  6,826,898   646,007 1,771 321.5 -44.8 118  No significant intercept
    -------------------------------------------------------------------------
    Shamrock - QB Zone
    -------------------------------------------------------------------------
    KR-08-
    1407  6,826,264   646,289 1,398    55   -63 138  No significant intercept
    -------------------------------------------------------------------------
    *
     KR-08-
     1292   646,126 6,826,401 1,499    45   -85  97  66.14  66.68  0.54  5.39
    -------------------------------------------------------------------------
    *
     KR-08-
     1295   646,229 6,826,363 1,452    71   -86 124  73.62   76.1  2.48  2.13
    -------------------------------------------------------------------------
    Shamrock - Gully Zone
    -------------------------------------------------------------------------
    *
     KR-08-
     1296   645,290 6,826,650 1,745    35   -60 106  56.11   59.9  3.79  12.2
    -------------------------------------------------------------------------
    Mantos - Break Zone
    -------------------------------------------------------------------------
    KR-08-
    1393  6,825,660   645,703 1,515   193   -84 148  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1399  6,825,695   645,776 1,490   180   -56 292  92.25  94.09  1.84  4.63
    -------------------------------------------------------------------------
    Mantos - Hoodoo Zone
    -------------------------------------------------------------------------
    KR-08-
    1450  6,825,857   644,352 1,848   203   -66 164  79.98  80.71  0.73  1.10
    -------------------------------------------------------------------------
    KR-08-
    1452  6,825,856   644,352 1,848   202   -46 179  67.20  72.24  5.04  2.04
    -------------------------------------------------------------------------
    KR-08-
    1455  6,825,857   644,353 1,848   213   -85 191  57.00  66.14  9.14 32.98
    -------------------------------------------------------------------------
                              including              57.00  60.05  3.05 84.50
    -------------------------------------------------------------------------
    KR-08-
    1456  6,825,856   644,350 1,848    20   -77 170  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1458  6,825,857   644,351 1,848    20   -58 185  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1460  6,825,859   644,311 1,841   251   -86 164  39.81  41.30  1.49  1.98
    -------------------------------------------------------------------------
                          and                        70.19  71.49  1.30 24.90
    -------------------------------------------------------------------------
    KR-08-
    1462  6,825,855   644,307 1,841    14   -76 108  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1463  6,825,855   644,307 1,841    17   -61  41  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1464  6,825,855   644,307 1,841    15   -68 170  38.71  41.76  3.05  1.66
    -------------------------------------------------------------------------
    KR-08-
    1466  6,825,867   644,277 1,835   200   -85  39  16.32  17.37  1.05  3.20
    -------------------------------------------------------------------------
    Mantos - Calcite (Lab) Zone
    -------------------------------------------------------------------------
    *
     KR-08-
     1282   644,546 6,825,264 1,568    92   -80  97   9.63  13.42  3.79  9.63
    -------------------------------------------------------------------------
    Mantos
     - Tarn Zone
    -------------------------------------------------------------------------
    KR-08-
    1346  6,824,702   643,560 1,615    86   -85 133  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1348  6,824,715   643,538 1,616   106   -86  69  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1350  6,824,715   643,522 1,616    96   -87 148   5.75   8.35   2.6  2.31
    -------------------------------------------------------------------------
    KR-08-
    1352  6,824,639   643,494 1,631   101   -85 158  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1354  6,824,639   643,495 1,631    92   -60 118  14.33  20.42  6.09  6.76
    -------------------------------------------------------------------------
    KR-08-
    1380  6,824,640   643,495 1,631    49   -45 124  29.57  31.10  1.53  1.30
    -------------------------------------------------------------------------
    KR-08-
    1381  6,824,640   643,495 1,631    43   -58 121  27.42  29.57  2.15  3.61
    -------------------------------------------------------------------------
    KR-08-
    1383  6,824,706   643,487 1,626    84   -85 136  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1385  6,824,706   643,488 1,626    84   -59 142  No significant intercept
    -------------------------------------------------------------------------
    KR-08-
    1386  6,824,706   643,489 1,626    84   -44 136  No significant intercept
    -------------------------------------------------------------------------
    Mantos - Peel Zone
    -------------------------------------------------------------------------
    *
     KR-08-
     1285   645,701 6,825,517 1,446    47   -83 149  58.52  60.05  1.53  2.92
    -------------------------------------------------------------------------
                                                     75.21   75.9  0.69  4.35
    -------------------------------------------------------------------------
    Note: (1) Width is not necessarily indicative of true width
    -------------------------------------------------------------------------
    (2) All gold assay composite results are uncut
    -------------------------------------------------------------------------
    * Holes drilled for metallurgical samples
    -------------------------------------------------------------------------
    

Current Drilling

A Titan-24 deep imaging geophysical survey conducted in the fall of 2009 has identified several induced-polarization (IP) anomalies that are currently being investigated or drilled. One of the IP anomalies is located beneath the existing QB gold resource in the Shamrock area which also corresponds with a prominent northwest-trending gold-in-soil anomaly. A deep diamond drill hole is currently in progress that targets this IP anomaly.

Assay results included in this release are reported as drilled and were performed by ALS-Chemex in North Vancouver, Canada using standard fire assay techniques. The Company's Quality Assurance and Quality Control protocols are available in the Company's most recent NI-43-101 Technical Report posted on the YNG website (http://www.yukon-nevadagold.com/s/KetzaManto.asp) or available at www.sedar.com.

This news release was reviewed and approved by the Chief Geologist of the Ketza River Project Ed Gates (M.Sc., P.Geo), the Qualified Person for purposes of this release.

Yukon-Nevada Gold Corp. is a North American gold producer 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.

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

SOURCE Veris Gold Corp.

For further information: For further information: Yukon-Nevada Gold Corp., Nicole Sanches, Investor Relations Manager, Tel: (604) 688-9427 ext 224, Email: nicole@yngc.ca, www.yukon-nevadagold.com; CHF Investor Relations, Jeanny So, Director of Operations, Tel: (416) 868-1079 ext. 225, Email: jeanny@chfir.com, www.chfir.com

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