Yukon-Nevada Gold Corp. updates exploration drilling results for the Ketza River project



    VANCOUVER, April 15 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce
additional assay results from the 2008 drilling program the Ketza River
project. 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. All drill holes referenced in this release are diamond
drill holes completed between May 4th and August 5th, 2008, and for which
assay reports were received by February 28, 2009. All holes were targeted to
expand the margins of known mineralization as part of the company's continuing
program to expand areas amenable to open-pit mining.
    As presented in Table 1 below, significant new intercepts were reported
from the Break, Hoodoo, and Peel targets within the Manto Zone, and from the
QB target in the Shamrock Zone. The mineralization zones and targets are shown
in Figure 1 (which can be found under 'News Releases' on
www.yukon-nevadagold.com).

    
                                   TABLE 1
               New Intercepts Reported as of 28 February 2009
                         Ketza River Project, Yukon
    -------------------------------------------------------------------------
                                  Ore                        Thick-    Grade
    Hole Number        Zone      Type    From (m)    To (m)  ness(m)  g/t Au
    -------------------------------------------------------------------------
    KR-08-1389        Break     Manto     130.20    140.00      9.8      3.2
    -------------------------------------------------------------------------
    KR-08-1422       Hoodoo     Manto      73.70     78.30      4.6      4.6
    -------------------------------------------------------------------------
    KR-08-1425       Hoodoo     Manto      72.30     75.30      3.0      6.6
    -------------------------------------------------------------------------
    KR-08-1446       Hoodoo     Manto       98.2      99.1      0.9     15.2
    -------------------------------------------------------------------------
    KR-08-1362        Peel      Manto       51.5      54.4      2.9     10.4
    -------------------------------------------------------------------------
           and                              57.2      58.1      0.9     10.4
    -------------------------------------------------------------------------
    KR-08-1376         QB      Qtz Vns      72.2        76      3.8      8.8
    -------------------------------------------------------------------------
    KR-08-1390         QB      Qtz Vns      60.1      67.9      7.8      5.8
    -------------------------------------------------------------------------
    KR-08-1391         QB      Qtz Vns      30.5      33.5      3.0      6.4
    -------------------------------------------------------------------------
    KR-08-1426         QB      Qtz Vns     126.0     127.1     1.10     31.3
    -------------------------------------------------------------------------
    

    Highlights include 2.95 meters and 0.9 meter of 10.4 g/t gold in two
nearly adjacent intercepts from the Peel target at depths of 51.5 and 57.2
meters respectively, and an intercept of 15.2 g/t gold at 98.2 meters depth in
the Hoodoo target. In the QB target, a shallow intercept at 30.5 meters depth
returned 6.4 g/t gold, and a deep intercept of 31.3 g/t gold was also
reported.
    As of this date, 24 drill holes from the 2008 drilling program remain to
be assayed and four holes have yet to be fully assayed.
    Graham Dickson, President and CEO states, "These results confirm again
that the Ketza River Project will be a viable open pit mining operation with
an extended lifespan."
    Note that the drill intercepts reported herein are not included in the
data used for the NI 43-101 resource estimates released on April 14, 2008,
which contain a measured resource of 146,500 ounces of gold at a grade of 
6.40 g/t, an indicated resource of 499,900 ounces of gold at a grade of   
4.61 g/t and an inferred resource of 112,800 ounces of gold grading 3.26 g/t.
In 2008, a total of 30,151 meters in 223 holes were drilled on the Ketza River
Project. A complete table of updated results for the 2008 drilling program can
be found on our website: 
http://www.yukon-nevadagold.com/i/pdf/Ketza_River_Diamond_Drill_Assay_Data_f
or_2008.pdf
    This news release was reviewed and approved by the Chief Geologist at
Ketza River, Erika Shepard, 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.

    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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