Yukon-Nevada Gold Corp. intersects 7.27 meters of 56 g/t gold at the Ketza River project, Yukon Territory



    VANCOUVER, June 13 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to report additional
favorable results from its on-going 2008 drilling program at Ketza River. The
Ketza River property is wholly-owned by Yukon-Nevada Gold Corp., and is a past
gold producer located near the town of Ross River in the Yukon Territory,
Canada.
    Two drill rigs have completed over 9,600 meters of drilling from
66 holes. All drill holes referenced in this release are diamond drill holes
completed between April 10th and June 9th, 2008, and were targeted to expand
the margins of known mineralization. Further drilling for delineation of the
proposed open pits will continue through the year. Significant intercepts were
received from the Peel, Penguin, Tarn, Break, and Lab targets within the Manto
Zone, and the QB and Gully targets in the Shamrock Zone. Highlights include
5.15m of 13.6 g/t gold in the Peel Target of the Manto Zone and 7.27m of
56.0 g/t gold from the QB Target of Shamrock Zone. The drill intercepts
reported herein were not included in the data used for the NI 43-101 resource
estimates released on April 14, 2008, which contain a measured and indicated
resource of 646,600 ounces of gold at a grade of 4.93 g/t and an inferred
resource of 112,800 ounces of gold grading 3.26 g/t and could potentially lead
to an increase in the resource of the Ketza River project.
    Graham Dickson, President and CEO states, "These important results are
certainly a positive indication that the project will continue to expand its
resource available for open pit mining. We are confident that this project
will play a critical role in the profitability of Yukon-Nevada Gold Corp."

    
                                 Manto Zone
                                 ----------
    Peel Target

    Eighteen drill holes have been completed in the Peel Target for a total of
2,160 meters. Table 1 below summarizes significant intercepts in the Peel
target zone.

                            Table 1 - Peel Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    GT-08-01         11.27            15.7               4.38            6.4
    -------------------------------------------------------------------------
    GT-08-02         59.67            60.5               0.86          15.55
    -------------------------------------------------------------------------
                      11.5            17.6                6.1            4.5
                   ----------------------------------------------------------
    KR-08-1281        19.5            24.1                4.6            2.8
                   ----------------------------------------------------------
                      26.5            28.4                1.9            4.1
    -------------------------------------------------------------------------
    KR-08-1283        5.39            10.5               5.15           13.6
    -------------------------------------------------------------------------
    KR-08-1286       26.94            27.7               0.77          13.65
    -------------------------------------------------------------------------

    Penguin Target

    Seven holes were drilled in the Penguin target zone during this period,
for a total of 749.8 meters. A summary of significant drill results for the
target is presented in Table 2.

                           Table 2 - Penguin Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    GT-08-12         92.05            96.6               4.57            8.2
    -------------------------------------------------------------------------
    KR-08-1269       21.38            23.5               2.09           10.1
    -------------------------------------------------------------------------
    KR-08-1272       74.09            75.5               1.37           4.09
    -------------------------------------------------------------------------

    Tarn Target

    A total of five holes were drilled in the Tarn target zone, totaling 1,691
meters. Two ore-grade intercepts were outside of currently modeled ore zones
at shallow depths, as indicated in Table 3 below.

                            Table 3 - Tarn Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    KR-08-1276       26.52           29.30               2.78            9.9
    -------------------------------------------------------------------------
    KR-08-1277       30.49           33.75               3.26            7.8
    -------------------------------------------------------------------------

    Break Target

    A total of nine drill holes have been completed in the Break target area,
totaling 1,332.9 meters. Of these, two had high-grade intercepts as shown in
Table 4.

                           Table 4 - Break Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    KR-08-1288       18.52            20.4                1.9           22.4
    -------------------------------------------------------------------------
    KR-08-1289       17.37            17.9               0.52           10.7
    -------------------------------------------------------------------------

    Lab Target

    Drilling in the Lab zone comprised twelve holes totaling 1,924.7 meters.
Three drill holes intercepted significant mineralization outside of the
current resource shapes, as summarized in Table 5 below.

                             Table 5 - Lab Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    HYD-08-05        42.02            45.6               4.64           10.4
    -------------------------------------------------------------------------
    KR-08-1270       54.13            57.0               2.87           16.8
    -------------------------------------------------------------------------
    KR-08-1275       82.14            84.5               2.39            7.4
    -------------------------------------------------------------------------

                                Shamrock Zone
                                -------------
    QB Target

    The QB target area in the Shamrock Zone returned several ore-grade
intercepts, as shown in Table 6 below.

                             Table 6 - QB Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    KR-08-1291       60.88            61.8               0.96           33.8
    -------------------------------------------------------------------------
    KR-08-1293       44.81            52.1               7.27           56.0
    -------------------------------------------------------------------------
    KR-08-1294       38.52            48.1                9.6            3.3
    -------------------------------------------------------------------------
    KR-08-1301       40.22            42.2               1.98           19.7
    -------------------------------------------------------------------------

    Gully Target

    Drilling in the Gully target area comprised fifteen drill holes totaling
1,781.9 meters. Of these, one hole returned an intercept of interest as shown
in Table 7 below.

                           Table 7 - Gully Target

    -------------------------------------------------------------------------
    Hole ID        From (m)          To (m)         Length (m)        Au g/t
    -------------------------------------------------------------------------
    KR-08-1304        51.2              58               6.77           19.1
    -------------------------------------------------------------------------
    

    Thicknesses have been reported as drilled - there is not yet sufficient
information to determine true thicknesses. All assays for the drill program
were conducted by ALS Chemex of North Vancouver, B.C.
    This news release was reviewed and approved by the Chief Geologist at
Ketza River, Erika Shepard, M.Sc., P.Geo., and by the company's Executive Vice
President - Exploration, Dorian (Dusty) Nicol, M.Sc., P.Geo., who is the
Qualified Person for the 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 and by further acquisitions.

    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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