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



    VANCOUVER, Jan. 7 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) reports further favorable drill
results from its drilling program at the Gully Vein and QB zones 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.

    Shamrock - Gully Vein

    Assays were received for 10 holes from the Gully Vein on Shamrock. Drill
hole KR-07-1206 cut a true thickness of 1.65 meters of 15.65 g/t Au. Drill
hole KR-07-1220 intersected a true thickness of 9.65 meters of 2.90 g/t Au.
Drill hole KR-07-1237 cut a true thickness of 7.80 meters of 4.89 g/t Au.
These intercepts are from a series of step-out holes along the vein south of
the Gully Pit and demonstrate an extension of this mineralization.

    
                     Table 1. Shamrock - Gully Vein

    Drill Hole                                Thickness      Grade
    Number                   From         To    True (m)    g/t Au
    ---------------------------------------------------------------
    KR-07-1135              38.71      44.81       4.80       1.15
                          -----------------------------------------
                            97.39      97.68       0.23       3.15
    ---------------------------------------------------------------
    KR-07-1202              52.90      53.25       0.29       2.44
    ---------------------------------------------------------------
    KR-07-1206              69.71      71.78       1.65      15.65
    ---------------------------------------------------------------
    KR-07-1209              91.64      96.62       4.06       4.08
    ---------------------------------------------------------------
    KR-07-1213             143.45     144.45       1.00       3.50
    ---------------------------------------------------------------
    KR-07-1215             207.16     207.74       0.58       1.97
    ---------------------------------------------------------------
    KR-07-1220              78.33      88.14       9.65       2.90
    ---------------------------------------------------------------
    KR-07-1222             136.92     138.00       1.06       1.49
    ---------------------------------------------------------------
    KR-07-1237              63.23      71.83       7.80       4.89
    ---------------------------------------------------------------

    Drill hole KR-07-1224 had no significant intersections.
    

    Shamrock - QB Zone

    Results have been received for 16 holes from the QB Zone on Shamrock.
Drill hole KR-07-1071 intersected several mineralized zones, including a true
thickness of 2.30 meters of 15.79 g/t Au. Also of special note, KR-07-1166 cut
a true thickness of 3.83 meters of 14.48 g/t Au.
    Drill hole KR-07-1152 intersected 9.14 meters of 6.29 g/t Au (including
3.05 meters of 14.20 g/t Au) and 7.29 meters of 5.82 g/t Au. Drill hole
KR-07-1155 intersected 3.05 meters of 6.05 g/t Au and 3.04 meters of 6.89 g/t
Au. However, it must be noted that Holes KR-07-1152 and KR-07-1155 were not
drilled at optimal angles to intersect the mineralization and these intercepts
do not represent true thicknesses; there is not yet sufficient information to
calculate true thicknesses for these two intercepts.

    
                       Table 2. Shamrock - QB Zone

    Drill Hole                                Thickness      Grade
    Number                   From         To    True (m)    g/t Au
    ---------------------------------------------------------------
    KR-07-1071              47.85      56.91        2.30     15.79
                          -----------------------------------------
                            47.85      53.95        1.55     22.60
                          -----------------------------------------
                            61.63      63.09        0.37      1.10
                          -----------------------------------------
                            84.43      89.34        1.25      3.78
                          -----------------------------------------
                           100.42     102.01        0.40      1.59
                          -----------------------------------------
                           105.41     106.97        0.40      1.56
                          -----------------------------------------
                           124.05     125.49        0.37      1.44
                          -----------------------------------------
                           140.53     146.19        1.44      1.14
    ---------------------------------------------------------------
    KR-07-1152              23.47      32.61        0.16      6.29
                          -----------------------------------------
                            23.47      26.52        0.05     14.20
                          -----------------------------------------
                            38.71      46.00        0.12      5.82
    ---------------------------------------------------------------
    KR-07-1155              20.42      23.47        0.05      6.05
                          -----------------------------------------
                            29.57      32.61        0.05      6.88
                          -----------------------------------------
                           110.00     110.40        0.01      1.64
    ---------------------------------------------------------------
    KR-07-1166               5.18      11.28        3.83     14.48
    ---------------------------------------------------------------
    KR-07-1168              63.09      66.14        1.20      3.06
    ---------------------------------------------------------------
    KR-07-1170              38.52      41.52        1.88      2.99
                          -----------------------------------------
                            72.66      74.69        1.27      1.28
                          -----------------------------------------
                           108.57     114.57        3.77      1.44
    ---------------------------------------------------------------
    KR-07-1173              44.91      46.11        0.75      1.35
    ---------------------------------------------------------------
    KR-07-1177              51.46      52.15        0.43      4.67
                          -----------------------------------------
                            69.69      69.96        0.17      1.81
    ---------------------------------------------------------------
    KR-07-1181              61.27      63.00        1.72      1.62
                          -----------------------------------------
                            81.79      82.77        0.98      1.05
                          -----------------------------------------
                           112.91     114.03        1.11      1.11
    ---------------------------------------------------------------
    KR-07-1184              68.18      69.85        0.67      1.37
    ---------------------------------------------------------------
    KR-07-1189              32.18      32.91        0.46      2.76
                          -----------------------------------------
                            46.24      52.83        4.14      2.64
                          -----------------------------------------
                            46.24      48.20        1.23      4.99
                          -----------------------------------------
                            91.82      93.57        1.10      1.37
    ---------------------------------------------------------------
    KR-07-1190             124.05     127.10        1.91      1.59
    ---------------------------------------------------------------
    KR-07-1191              26.52      29.57        1.91      1.77
                          -----------------------------------------
                            57.00      58.30        0.82      1.35
                          -----------------------------------------
                           144.85     149.75        3.07      1.59
                          -----------------------------------------
                           157.58     159.65        1.09      1.35
    ---------------------------------------------------------------
    KR-07-1194              78.33      84.80        0.57      3.70
                          -----------------------------------------
                           108.81     111.86        0.27      7.84
    ---------------------------------------------------------------
    KR-07-1196              35.66      38.71        2.20      1.30
                          -----------------------------------------
                            99.67     102.72        2.20      1.27
                          -----------------------------------------
                           172.82     175.00        1.57      2.35
    ---------------------------------------------------------------

    Drill holes KR-07-1182 and 1187 had no significant intersections.


    Mantos - Hoodoo Zone

    Assays have come back for 26 holes in the Hoodoo Zone. Drill hole
KR-07-1176 cut several gold zones, including a true thickness of 5.19 meters
of 4.33 g/t Au. Drill hole KR-07-1183 intersected two gold zones. The first,
with a true thickness of 1.50 meters, carried 19.15 g/t Au. The second one,
with a true thickness of 1.61 meters, assayed 9.94 g/t Au.


                       Table 3. Manto - Hoodoo Zone

    Drill Hole                                Thickness      Grade
    Number                   From         To    True (m)    g/t Au
    ---------------------------------------------------------------
    KR-07-1169               5.80       9.00       2.61       4.13
                          -----------------------------------------
                            13.87      15.20       1.08       1.61
    ---------------------------------------------------------------
    KR-07-1175               7.70       8.52       0.44       1.22
                          -----------------------------------------
                            64.15      65.10       0.51       1.55
    ---------------------------------------------------------------
    KR-07-1176              64.57      66.14       0.35       1.06
                          -----------------------------------------
                            67.45      90.53       5.19       4.33
                          -----------------------------------------
                           106.15     108.20       0.46      10.80
                          -----------------------------------------
                           142.32     145.39       0.69       5.02
    ---------------------------------------------------------------
    KR-07-1179               6.30       7.10       0.17       3.57
                          -----------------------------------------
                             9.80      11.80       0.42       1.42
    ---------------------------------------------------------------
    KR-07-1183               8.23      11.00       1.50      19.15
                          -----------------------------------------
                            34.84      37.82       1.61       9.94
    ---------------------------------------------------------------
    KR-07-1186              59.30      61.80       1.81       1.50
    ---------------------------------------------------------------
    KR-07-1199              61.20      62.20       0.80       5.00
    ---------------------------------------------------------------

    Drill holes KR-07-1134, 1137, 1140, 1147-8, 1151, 1156, 1159, 1171-2,
    1188, 1192, 1195, 1198, 1201, 1204, 1207-8, and 1121 had no significant
    intersections.


    Mantos - Tarn Zone

    Results came in for 11 holes in the Tarn Zone. The highlight was drill
hole KR-07-1228, which contained five gold zones. These include one with a
true thickness of 2.85 meters of 2.26 g/t Au and one with a true thickness of
1.22 meters of 4.28 g/t Au.


                       Table 4. Manto - Tarn Zone

    Drill Hole                                Thickness      Grade
    Number                   From         To    True (m)    g/t Au
    ---------------------------------------------------------------
    KR-07-1228              32.80      35.66       2.85       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       1.18       1.95
    ---------------------------------------------------------------
    KR-07-1230              84.43      87.28       2.82       2.04
    ---------------------------------------------------------------
    KR-07-1232              69.19      72.24       3.04       1.17
    ---------------------------------------------------------------
    KR-07-1235              38.71      44.81       6.08       1.15
                          -----------------------------------------
                            97.39      97.68       0.29       3.15
    ---------------------------------------------------------------

    Drill holes KR-07-1102, 1104, 1105, 1107, 1234, 1238 and 1243 had no
    significant intersections.
    

    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 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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