Yukon-Nevada Gold Corp. reports an exciting new target at Ketza River



    VANCOUVER, Sept. 25 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces results from its
drilling program at the Hoodoo, Penguin, Lab and Nose Zones all parts of the
Ketza River Mine Manto Gold Zone on the wholly-owned, past producing, Ketza
River property located near Ross River, in the Yukon Territory, Canada. All
drill holes referenced in this news release are diamond drill holes.

    Hoodoo Zone
    -----------
    The Hoodoo Zone oxide mineralization target lies on a major
northwest-striking fault zone which controls mineralization in the Lab Zone
and Calcite Zone gold deposits. Drilling began in mid-July, but the drill
broke down during the first hole, and was removed from the project. Results
have recently been received for this first hole, KR-07-1108. Starting at
bedrock, a true thickness of 16.30 meters averaged 5.97 g/t Au. This included
1.70 meters of 23.30 g/t.
    Strong oxide mineralization is exposed in a series of three road cuts
over a vertical distance of 65 meters. The oxide mineralization along these
roads averages about 30 meters along the cut. A total of 29 more holes have
been completed, with most containing oxide mineralization. These assays are
pending.

    
                             Table 1. Hoodoo Zone

    Drill Hole                                       Thickness         Grade
    Number              From            To            True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1108          6.10          26.52            16.30            5.97
                      -------------------------------------------------------
                       15.24          17.37             1.70           23.30
    -------------------------------------------------------------------------

    "This zone is an exciting new discovery at the Ketza project " said Graham
Dickson, President, Yukon-Nevada Gold Corp. "It is the result of a
reinvigorated exploration program".

    Penguin Zone
    ------------
    Results were received for 27 holes in the Penguin Zone. Several holes
contained noteworthy intercepts, including hole KR-07-1043, which cut a true
thickness of 6.83 meters of massive sulfide that averaged 3.72 g/t Au. Hole
KR-07-1060 cut a true thickness of 6.16 meters of 3.68 g/t Au and hole
KR-07-1062 intersected a true thickness of 5.26 meters of 4.30 g/t Au.

                            Table 2. Penguin Zone

    Drill Hole                                       Thickness         Grade
    Number              From            To            True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1043          8.53           9.47             0.91            2.75
                     --------------------------------------------------------
                       25.00          32.07             6.83            3.72
    -------------------------------------------------------------------------
    KR-07-1048         13.90          16.85             2.95            6.20
                     --------------------------------------------------------
    KR-07-1049         79.78          82.74             2.20            1.55
                     --------------------------------------------------------
    KR-07-1050          6.32           9.10             2.66            7.87
                     --------------------------------------------------------
    KR-07-1052         17.37          19.04             1.67            1.64
    -------------------------------------------------------------------------
    KR-07-1060         87.82          95.90             6.16            3.68
                     --------------------------------------------------------
    KR-07-1062         57.00          62.59             5.26            4.30
    -------------------------------------------------------------------------
    KR-07-1065         38.71          40.95             1.73            1.99
                     --------------------------------------------------------
                       62.97          67.41             3.44            3.54
    -------------------------------------------------------------------------
    KR-07-1069         83.74          88.24             4.49            3.26
    -------------------------------------------------------------------------
                       94.24          96.62             2.37            8.53
    -------------------------------------------------------------------------
    KR-07-1072        111.44         112.16             0.72            1.31
    -------------------------------------------------------------------------
    KR-07-1093         29.00          31.30             2.30            4.29
                     --------------------------------------------------------
                       32.61          35.66             3.05            1.83
    -------------------------------------------------------------------------

    Drill holes KR-07-1044, 46, 64, 67, 75, 77, 79, 80, 83, 84, 86, 88, 90, 92
and 95 had no significant intersections.

    Lab Zone
    --------
    Results were received for two holes that explored a geophysical anomaly
southwest of the Lab Zone deposit. The anomaly appears to coincide with a
fault that passes through the heart of the Lab Zone deposit. Hole KR-07-1011
had two gold zones, including 2.50 meters of 5.08 g/t Au. This included a
higher grade zone of 0.88 meters of 13.2 g/t Au. This mineralization is open
along strike and dip.

                              Table 3. Lab Zone

    Drill Hole                                       Thickness         Grade
    Number              From            To            True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1011        107.56         108.91             1.06            7.79
                     --------------------------------------------------------
                      116.24         119.43             2.50            5.08
                     --------------------------------------------------------
                      118.31         119.43             0.88           13.20
    -------------------------------------------------------------------------

    Drill hole KR-07-1012 had no significant intersections.

    Nose Zone
    ---------
    The Nose Zone Target consisted of a gold-in-soil anomaly and coincident
magnetic high, located east of the manto mineralization. Abundant sulfide
mineralization was encountered in the twelve holes that were drilled, however,
assays showed only minor gold values.

                              Table 4 Nose Zone

    Drill Hole                                       Thickness         Grade
    Number              From            To            True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1041        142.34         143.78             1.44            1.31
                     --------------------------------------------------------
    KR-07-1068         33.07          34.51             1.44            1.35
    -------------------------------------------------------------------------
    

    Drill holes KR-07-1045, 47, 51, 53, 56, 58, 61, 63, 66 and 70 had no
significant intersections.

    All assays for the drill program at Ketza River were by ALS Chemex, North
Vancouver, B.C. This news release was reviewed and approved by, the Company's
Project Manager, Edward Gates, M.Sc., P.Geo., the Qualified Person for the
purposes of this release, and by the Company's Executive Vice President -
Exploration, Dorian L. (Dusty) Nicol, M.Sc., P, Geo.

    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 Exchange 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,
Manager, IR, Tel: (604) 688-9427, Email: nicole@yngc.ca, www.yngc.ca; CHF
Investor Relations, Jeanny So, Broker Specialist, Tel: (416) 868-1079 ext.
225, Email: jeanny@chfir.com, www.chfir.com

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