Personnel developments at Yukon-Nevada Gold Corp.

    VANCOUVER, May 1 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange:
YNG; Frankfurt Xetra Exchange: NG6) Graham Dickson, the President and CEO of
Yukon-Nevada Gold Corp. (the "Company"), is pleased to announce that Adam
Knight, P.Eng, has accepted the position of Mine Manager at Jerritt Canyon,
Nevada, operated by Queenstake Resources Ltd. USA, a wholly owned subsidiary
of the Company.
    Mr. Knight will be based in Nevada and his role is to develop and
implement profitable mining plans for the Smith, SSX and Starvation Canyon
mines at Jerritt Canyon. Mr. Knight will report directly to the President of
Queenstake Resources Ltd. USA, Mr. Dickson.
    Mr. Knight has had extensive mining engineering experience at Jerritt
Canyon in the past with AngloGold and Independence Mining Company and most
recently mine management experience with Premier Chemicals, Gabbs Operations,
    Mr. Dickson welcomes Mr. Knight to the Company's senior management
bringing as he does an impressive track record. His obvious determination to
succeed at Jerritt Canyon will thus enable Queenstake Resources Ltd. USA to
bring these operations forward in a timely manner.
    In addition to this news, Jim Johnston has been promoted to Site
Operations Manager at Jerritt Canyon, Nevada, where he will have the
responsibility of reporting directly to Terry Eisenman. Mr. Eisenman who is
Project Manager for the Ketza River property in the Yukon has temporarily
taken on the added responsibility of Project Manager for Jerritt Canyon.
    At corporate headquarters in Vancouver, Canada Shaun Heinrichs, CA, has
been promoted to the position of CFO. Mr Dickson commented "When the Company
entered troubled financial waters last August Shaun was able to rise to the
challenge and aid in steering the Company to safe harbour."

    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.

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    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:,; CHF Investor Relations, Jacqueline Wagenaar, Account
Manager, Tel: (416) 868-1079 ext. 289, Email:,

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