Yukon-Nevada Gold Corp. reports favorable results from Ketza River



    VANCOUVER, Nov. 26 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) reports favorable drill results
from its drilling program at the Gully Vein and Mountain Top anomaly of the
Shamrock zone, the Hoodoo and Tarn Zones part 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.
    Favorable results are also reported from reconnaissance sampling of
Fred's vein and from the soil sampling carried out earlier this summer on both
the Shamrock zone and the north slope of the Peel ridge.

    SHAMROCK
    --------

    Gully Vein

    Assays have been received for 21 diamond drill holes completed in the
Gully Vein target in early summer. All but two of these holes contained vein
intercepts with gold mineralization. The highlight was hole KR-07-1115, which
intersected a true thickness of 3.06 meters of 15.99 g/t Au. This included a
1.24 meter intersection of 37.60 g/t Au. Drilling on this target started up
again in early October, and is currently stepping out along the vein 340
meters to the south of the summer drilling. Mineralization along this
structure is robust, with vein thicknesses up to 5 meters and in places
consisting of massive sulfide.

    
                       Table 1. Shamrock - Gully Vein

    Drill Hole                                       Thickness         Grade
      Number              From            To          True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1078           50.27           53.82           2.73           2.74
                 ------------------------------------------------------------
                         58.51           59.87           1.05           2.42
    -------------------------------------------------------------------------
    KR-07-1087           51.90           57.00           1.65           3.11
                 ------------------------------------------------------------
                        108.81          111.85           0.99           1.23
    -------------------------------------------------------------------------
    KR-07-1109           73.51           77.89           3.03           1.65
    -------------------------------------------------------------------------
    KR-07-1110           72.24           79.56           5.06           2.08
                 ------------------------------------------------------------
                         78.33           79.56           0.85           7.77
    -------------------------------------------------------------------------
    KR-07-1112           90.93           91.45           0.32           2.85
                 ------------------------------------------------------------
                        102.72          111.85           5.68           2.55
    -------------------------------------------------------------------------
    KR-07-1113          139.49          145.28           2.98           1.26
    -------------------------------------------------------------------------
    KR-07-1114          115.49          118.34           1.20           1.94
                 ------------------------------------------------------------
                        121.17          123.04           0.79           1.87
    -------------------------------------------------------------------------
    KR-07-1115           83.86           89.90           3.06          15.99
                 ------------------------------------------------------------
                         83.86           86.32           1.24          37.60
                 ------------------------------------------------------------
                         92.73           95.45           1.38           4.09
                 ------------------------------------------------------------
                        108.23          111.50           1.65           1.61
    -------------------------------------------------------------------------
    KR-07-1116           81.28           86.00           2.51           3.50
    -------------------------------------------------------------------------
    KR-07-1117           69.19           75.00           2.58           3.07
    -------------------------------------------------------------------------
    KR-07-1118           63.39           64.52           0.50           2.75
    -------------------------------------------------------------------------
    KR-07-1119           63.38           66.14           1.14           1.44
                 ------------------------------------------------------------
                        117.96          127.10           3.76           2.64
    -------------------------------------------------------------------------
    KR-07-1120           69.82           73.00           1.08           3.77
                 ------------------------------------------------------------
                        124.05          127.10           1.03           1.23
                 ------------------------------------------------------------
                        170.40          171.12           0.24           3.10
    -------------------------------------------------------------------------
    KR-07-1124           98.02           99.67           1.60           1.71
    -------------------------------------------------------------------------
    KR-07-1125          139.07          141.76           2.68           1.14
    -------------------------------------------------------------------------
    KR-07-1127           54.16           54.62           0.45           7.44
                 ------------------------------------------------------------
                         74.06           76.55           2.41           3.46
                 ------------------------------------------------------------
                        106.90          107.10           0.19           6.43
    -------------------------------------------------------------------------
    KR-07-1129           78.33           81.38           3.04           1.20
    -------------------------------------------------------------------------
    KR-07-1130           84.43           87.28           2.30           2.04
    -------------------------------------------------------------------------
    KR-07-1132           69.19           72.24           2.94           1.17
    -------------------------------------------------------------------------
    

    Drill holes KR-07-1123, and 1133 had no significant intersections.

    Mountain Top

    Assays were received for three of six holes drilled during the summer,
which tested strong magnetic anomalies on top of Shamrock Mountain. Hole   
KR-07-1121 contained a shallow intercept of 3.48 meters of 2.71 g/t Au. This
was from a broken zone with an unknown orientation, and will be followed up
next summer.

    
                       Table 2. Shamrock - Mountain Top

    Drill Hole                                       Thickness         Grade
      Number              From            To          True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1121            7.16           10.64           3.48           2.71
                 ------------------------------------------------------------
                        115.59          118.10           2.51           1.29
    -------------------------------------------------------------------------
    

    Drill holes KR-07-1138, and 1139 had no significant intersections.

    MANTOS
    ------

    Hoodoo Zone

    Significant drilling has been done testing an extensive zone of oxide
mineralization at the Hoodoo Zone. Results have been received for six holes
into this zone. Hole KR-07-1122 contained a true thickness of 6.82 meters of
4.40 g/t Au, starting at 8.23 meters. Hole KR-07-1126 intersected a true
thickness of 5.76 meters of 5.14 g/t Au. Assays are pending for an additional
35 holes. Hole KR-07-1167 intersected very shallow mineralization, starting at
2.8 meters. The hole cut a true thickness of 5.19 meters that averaged 2.68
g/t Au, and had an internal zone of 2.78 meters of 12.24 g/t Au.

    
                         Table 3. Manto - Hoodoo Zone

    Drill Hole                                       Thickness         Grade
      Number              From            To          True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1122            8.23           20.42           6.82           4.40
    -------------------------------------------------------------------------
    KR-07-1126           26.52           32.61           5.76           5.14
    -------------------------------------------------------------------------
    KR-07-1128           32.80           35.66           2.84           2.26
                 ------------------------------------------------------------
                         45.91           47.85           1.93           2.03
                 ------------------------------------------------------------
                         50.02           51.61           1.58           2.22
                 ------------------------------------------------------------
                         59.07           60.30           1.22           4.28
                 ------------------------------------------------------------
                         73.10           74.28           1.17           1.95
    -------------------------------------------------------------------------
    KR-07-1167            2.80            8.40           7.87           2.68
                 ------------------------------------------------------------
                          2.80            5.80           2.78           4.08
    -------------------------------------------------------------------------
    

    Drill holes KR-07-1131, 1143 and 1145 had no significant intersections.

    Tarn Zone

    Assays have been received for several holes drilled into the Tarn Zone in
July. The highlight was hole KR-07-1097, which cut a true thickness of 2.83
meters of 11.85 g/t Au. The mineralization started at a depth of 13.3 meters.
Further drilling is planned in the near-term to follow up on this result.

    
                         Table 4. Manto - Tarn Zone

    Drill Hole                                       Thickness         Grade
      Number              From            To          True (m)        g/t Au
    -------------------------------------------------------------------------
    KR-07-1057            0.00            2.13           2.13           2.67
                 ------------------------------------------------------------
                         16.89           19.12           2.23           2.01
    -------------------------------------------------------------------------
    KR-07-1096           20.42           25.60           3.60           2.06
    -------------------------------------------------------------------------
    KR-07-1097           14.33           17.37           2.83          11.85
    -------------------------------------------------------------------------
    

    Drill holes KR-07-1054, 1055, 1059 and 1098 had no significant
intersections.

    RECONNAISSANCE SAMPLING
    -----------------------

    Fred's Vein East

    Reconnaissance work during the summer yielded a 22.2 gram rock chip
sample from an outcrop found at a target called Fred's Vein East. The outcrop
consists of massive pyrrhotite and is coincident with both a gravity and a
magnetic anomaly. Several holes have been and are being drilled to test this
target.

    SOIL GEOCHEMISTRY
    -----------------

    During the summer, soil samples were collected on a grid covering the
area between the Lab Zone manto deposit and the top of Shamrock. This work
covered an area 2000 meters by 1900 meters.

    Shamrock

    The highest value from the survey was 39.2 g/t Au, which was from 145
meters east of the Gully Pit. There was also an adjacent soil sample that
assayed 8.62 g/t Au. These samples are coincident with a strong magnetic high
that was identified this summer. The target has not yet been drilled.

    Peel - North Slope

    Several samples from the slope on the north side of Peel Ridge returned
anomalous values, up to 0.46 g/t Au. This anomaly may be associated with a
northwest-trending zone of massive sulfide boulders identified during
reconnaissance work this summer. The area will be the focus of further
exploration next summer.
    All assays for the drill program, reconnaissance sampling and soil
geochemistry at Ketza River were by ALS Chemex, North Vancouver, B.C. This
news release was reviewed and approved by Ketza River'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.yukon-nevadagold.com; CHF Investor Relations: Jeanny So, Broker Relations
Specialist, Tel: (416) 868-1079 ext. 225, Email: jeanny@chfir.com,
www.chfir.com

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