Yukon-Nevada Gold Corp. reports the receipt of a Stop Order from NDEP

    VANCOUVER, March 12 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) reports that it has received a
Stop Order from the State of Nevada, Division of Environmental Protection. The
Stop Order applies to the west and east roasters at Jerritt Canyon in Elko
County, Nevada and is scheduled to take effect on March 17th 2008. The
roasters, along with the rest of the milling facility are presently in the
middle of a planned shutdown. The planned shutdown is part of an ongoing
program to deal with company identified safety and environmental issues
resulting from a lack of investment in care and maintenance of the milling
facility over many years. We do not expect the planned shutdown to affect the
budgeted production of 120,000 ounces of gold in year 2008 from the Company's
own ores. The mine is unaffected by this order and the milling facility has
excess capacity.
    The Stop Order results from a failure of the Company to address issues
involving the installation and the maintenance of instrumentation necessary to
monitor key operating parameters in the emissions control systems. The
installation and maintenance of these instruments formed part of the planned
plant shutdown. Miscommunication between the Company and NDEP meant that the
planned shutdown and its purpose were not relayed to NDEP. The Order does not
allege that the Company has exceeded allowable emissions. The Company is, in
fact, in compliance with permitted emissions limits.
    The Company did meet its NvMACT submittal deadlines; however, the NDEP
has deemed the roaster submittal inadequate and as a requirement under the
Order, has required the Company install a calomel-based mercury emissions
control systems on each of its roasters.
    The Company believes that its mercury emission control system is as good
as or better than the calomel-based system. After the installation and
maintenance of the required monitoring instrumentation NDEP will give the
Company an opportunity to demonstrate the validity of this belief. The Company
has committed to installing the calomel-based system unless authorized by NDEP
to continue using its present system.
    Graham C. Dickson, commented, "It is unfortunate that the many repairs
and alterations to the mercury emission control systems and processing plant
that have been completed and acknowledged by NDEP should leave us short of the
required standard. However we feel that we can redouble our efforts and meet
the requirements that will allow us to meet our planned restart of the milling
facility whilst at the same time meeting the standards of data collection,
reporting and planning required by NDEP."

    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

    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,
Associate Account Manager, Tel: (416) 868-1079 ext. 289, Email:
jacqueline@chfir.com, www.chfir.com

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