VANCOUVER, Oct. 11 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6). Further to the news release of
October 9, 2007, Mr. Graham C. Dickson, the President of Yukon-Nevada Gold
Corp. ("YNG" or the "Company") is pleased to provide further details of the
Company's strategy for successful exploration in the Yukon.
Yukon-Nevada Gold Corp. is a North American gold producer in the business
of discovering, developing and operating gold deposits. Our primary focus has
been on the acquisition and development of late stage development and
operating properties with gold as our primary target. Continued growth will
occur by increasing or initiating production from the Company's existing
properties and by further acquisitions.
This growth strategy has now been augmented by the formation of a joint
venture to carry out early stage exploration on new acquisitions. To date,
Yukon-Nevada Gold Corp. has not had the ability to engage in early stage
exploration projects in the Yukon or in other areas of North America. YNG will
continue to develop and produce from its existing 100%-owned properties in the
Yukon and Nevada.
The completion of an agreement between YNG and Northwest Non-Ferrous
International Investment Company Limited ("NWI"), a Chinese investment company
100% owned by NWME, to form a new Canadian company, which will explore for and
develop mineral resources in the Yukon Territory, Canada, provides a valued
addition to our abilities. It means that the Company will now have the
opportunity to access the experience and skills that will allow for the
exploration for molybdenum, titanium, rare earth metals, aluminum, lead, zinc,
gold, silver, uranium, copper and vanadium.
The new company will, subject to governmental approvals, be named
"Yukon-Shaanxi Gold Company Inc." ("Yukon-Shaanxi"), and will initially be
owned by YNG and NWI, each as to a 50% shareholding. The initial Board of
Directors of Yukon-Shaanxi will comprise six Directors, with equal
representation from each of YNG and NWI.
The President and Chief Executive Officer of Yukon-Shaanxi will be
Mr. Graham C. Dickson. The business alliance between YNG and NWME has been
facilitated by the Government of the Yukon, Economic Development.
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Please visit our website at www.yukon-nevadagold.com. You can visit
NWME's website at www.nwme.com.cn.
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
This news release does not constitute an offer to sell or a solicitation
of an offer to sell 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" as such term is defined by regulations under the U.S.
Securities Act, unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
For further information:
For further information: Yukon-Nevada Gold Corp., Nicole Sanches,
Manager, Investor Relations, Tel: (604) 688-9427, Email: firstname.lastname@example.org,
www.yukon-nevadagold.com; CHF Investor Relations, Jeanny So, Broker Relations
Specialist, Tel: (416) 868-1079 ext. 225, Email: email@example.com,