Yukon-Nevada Gold Corp. reports on encouraging results at Mahala Creek, Jerritt Canyon



    VANCOUVER, Sept. 24 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces results of its
exploration drilling in the Mahala Creek area at its wholly owned, gold
production Jerritt Canyon property in Nevada, USA.

    Exploration Update - Mahala Area

    Exploration drills were mobilized in late July 2007 to the Mahala creek
drainage area and results to date have been encouraging. High points of the
assay results received to date are MAH-344, MAH-349, MAH-361 and MAH-362.
Intervals for these holes are listed in the table:

    
    -------------------------------------------------------------------------
    Drill            From             To           Thickness        Grade
    Hole        -------------------------------------------------------------
    Number        ft      (m)     ft      (m)     ft      (m)    Opt     g/t
    -------------------------------------------------------------------------
    MAH-343                                                      NIL
    -------------------------------------------------------------------------
    MAH-299      855   260.7     860   262.2       5     1.5   0.257    8.81
    -------------------------------------------------------------------------
    MAH-344      850   259.1     885   269.8      35    10.7   0.371   12.72
    -------------------------------------------------------------------------
    MAH-345      865   263.7     870   265.2       5     1.5   0.164    5.62
    -------------------------------------------------------------------------
    MAH-346              0.0             0.0             0.0     NIL
    -------------------------------------------------------------------------
    MAH-347              0.0             0.0             0.0     NIL
    -------------------------------------------------------------------------
    MAH-348              0.0             0.0             0.0     NIL
    -------------------------------------------------------------------------
    MAH-349      760   231.7     770   234.8      10     3.0   0.306   10.49
    -------------------------------------------------------------------------
                 780   237.8     840   256.1      60    18.3   0.336   11.52
    -------------------------------------------------------------------------
                 850   259.1     865   263.7      15     4.6   0.228    7.82
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    MAH-350      500   152.4     505   154.0       5     1.5   0.194    6.65
    -------------------------------------------------------------------------
                 635   193.6     640   195.1       5     1.5   0.341   11.69
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    MAH-361      810   247.0     830   253.0      20     6.1   0.178    6.10
    -------------------------------------------------------------------------
                 855   260.7     870   265.2      15     4.6   0.243    8.33
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    MAH-362      820   250.0     845   257.6      25     7.6   0.172    5.90
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
     Mahala Basin drill hole
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    MAH-352     1020   311.0    1030   314.0      10     3.0   0.214    7.34
    -------------------------------------------------------------------------
    

    The favorable results from MAH-344, MAH-361 and MAH-362 are expected to
add to the resource west of the 2006 resource shapes. Drill hole MAH-349 had
three intervals greater than 0.150 Opt (5.14 g/t) in the eastern edge of the
Mahala extension resource. Combined, the intervals in MAH-349 are
significantly thicker than the resource as modeled year-end 2006 and should
expand that resource.
    Step-out exploration drilling along the Mahala structural trend cut
10 feet (3.0m) at a grade of 0.214 Opt (7.34 g/t) some 3,000 feet (915 m) west
of the Mahala resource in hole MAH-352. Drilling to date in this area is very
widely spaced. Follow up drilling will continue to explore this trend.
    A map showing the locations of these drill holes is available at
http://files.newswire.ca/614/Yukon-Map-1.doc.
    Assays from the reverse circulation surface exploration holes reported in
this news release were by ALS Chemex, North Vancouver, B.C. and by the
Company's assay laboratory at the Jerritt Canyon Mine, using standard fire
assay techniques. The Company's Quality Assurance and Quality Control
protocols are available in the Company's NI 43-101 Technical Report dated May
1st, 2007 and available on www.sedar.com. Intercepts are reported as drilled.
True widths have not yet been calculated; given the geometry of mineralization
at Jerritt Canyon, the concept of true width is not always meaningful before
delineation drilling has been completed. This News Release was reviewed and
approved by the Company's Executive Vice President-Exploration, Dorian L.
(Dusty) Nicol, M.Sc., P.Geo., the Qualified Person for purposes of this
release.

    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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