Yukon-Nevada Gold Corp. announces new CEO and COO

    VANCOUVER, May 22 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces that the Board of
Directors has appointed Robert F. Baldock, CA(M), FCPA, FCMC to the position
of President and CEO and Graham C. Dickson, B.Sc. A.R.C.S. to the position of
    Mr. Baldock joined the Board of Directors of Yukon-Nevada Gold Corp.
("YNG") on April 17, 2009. Mr. Baldock is an experienced mining executive as
well as being a qualified and experienced accountant with over 30 years of
hands-on management of public and private corporations across a wide range of
industries, focused on the mining industry. Mr. Baldock commented, "I am very
pleased to join the YNG team and look forward to the tremendous opportunity to
grow this company in to a significant operating asset for the shareholders of
the Company."
    Mr. Baldock is the former co-founder and Managing Director and
subsequently Executive Chairman of Golconda Minerals N.L. Group of Mining
Companies listed on the ASX, NASDAQ and Stuttgart Stock Exchanges. He was also
President of a controlled subsidiary, Nevada Goldfields Corporation, listed on
the TSX, Toronto, NASDAQ, USA and Stuttgart Stock Exchanges. Mr. Baldock's
role with the Golconda Group also included the role of Managing Director of
Duketon Exploration Limited, listed on the ASX. During Mr. Baldock's period of
tenure he had the overall responsibility of raising the initial capital and
using the raised capital and cash flow from the newly established gold
operations to oversee the design, construction, commission and operation of
six mineral processing plants and gold producing projects.
    Mr. Dickson has been working in the Mining Industry in North America for
the last 25 years. He was most recently the founder, CEO and President of YGC
Resources Ltd which evolved into Yukon-Nevada Gold Corp. He has acted as
general manager of a turnkey construction company for gold milling facilities
in remote locations, including the Snip Mill for Cominco Ltd., Golden Patricia
Mill for Bond Gold and Seabee Mill for Claude Resources. Before joining YNG,
Mr. Dickson served in various capacities with BYG Natural Resources Ltd.,
which had an operating gold mine in the Yukon Territory and as General Manager
of the General Contractor Mr. Dickson completed the surface facilities, for
Bema Gold's Julietta mine in Far East Russia, ahead of schedule and under
    Mr. Dickson stated, "I welcome the addition of Bob Baldock to the senior
management of the company in his role as CEO. His skills, experience and
qualifications will be a formidable asset at this point in the company's

    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,

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