||October 11, 2007
Vancouver, BC - October 11,
2007 -- 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
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
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
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.