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TORONTO, ONTARIO--(Marketwire - Jan.
23, 2008) - Yukon Gold Corporation, Inc. ("Yukon Gold" or the
"Company"), (TSX:YK) (OTCBB:YGDC) (FRANKFURT:W8Y) announces the
extension of the term of the Company's 2,665,669 outstanding warrants,
which were issued in connection with the Company's March 2006 private
placement financing (the "March 2006 Warrants"), the term of the
Company's 533,133 outstanding broker warrants, which were also issued in
connection with such financing (the "March 2006 Broker
Warrants"), and the term of the Company's 950,000 outstanding
warrants, which were issued in connection with the Company's October 2006
private placement financing (the "October 2006 Warrants").
Each March 2006 Warrant entitles the holder thereof to purchase one common share
of the Company at a price of US$0.90 until March 28, 2008. Each March 2006
Broker Warrant entitles the holder thereof to purchase one unit of
securities of the Company (each a "Unit") at a price of US$0.60
per Unit until March 28, 2008. Each Unit will consist of one common share
of the Company and one-half of a common share purchase warrant, each whole
warrant (an "Underlying Warrant") exercisable to acquire one
common share of the Company at a price of US$0.90 until March 28, 2008. Each
October 2006 Warrant entitles the holder thereof to purchase one common
share of the Company at a price of US$2.00 until October 4, 2008.
The March 2006 Warrants and the October 2006 Warrants have been amended,
effective immediately prior to the expiry of such warrants on March 28,
2008 and October 4, 2008, respectively, to extend the term of such warrants
until March 28, 2009 and October 4, 2009, respectively. The March 2006
Broker Warrants have been amended, effective immediately prior to the
expiry of such warrants on March 28, 2008, to extend the term of such
warrants and the Underlying Warrants until March 28, 2009. All other
provisions of the March 2006 Warrants, the March 2006 Broker Warrants and
the October 2006 Warrants remain unamended.
Each of the holders of the March 2006 Warrants, the March 2006 Broker
Warrants and the October 2006 Warrants are at arms-length to the Company.
About Yukon Gold
Yukon Gold Corporation, Inc. (Yukon Gold) explores and develops mining
properties with a commitment to moving projects towards production. Yukon
Gold's 100% owned Marg deposit is an 8.2M metric tonne advanced stage
copper/zinc/lead/silver deposit in the Tombstone Belt in the Yukon, Canada,
43-101 Compliant report Giroux and Carne July 2007. Currently there are
28.9M of the Company's common shares outstanding.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of Section 21E of
the United States Securities Exchange Act of 1934, as amended. Except for
statements of historical fact relating to the company, certain information
contained herein constitutes forward-looking statements. Forward-looking
statements are frequently characterized by words such as "plan,"
"expect," "project," "intend,"
"believe," "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements are
based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results
to differ materially from those projected in the forward-looking
statements. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other ecological data,
fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, uncertainties relating to the
availability and costs of financing needed in the future and other factors.
The Company undertakes no obligation to update forward-looking statements
if circumstances or management's estimates or opinions should change. The
reader is cautioned not to place undue reliance on forward-looking
statements.
Cautionary Note to US Investors - The United States Securities and Exchange
Commission (SEC) limits disclosure for U.S. reporting purposes to mineral
deposits that a company can economically and legally extract or produce. We
use certain terms, such as "reserves," "resources,"
"geological resources," "proven," "probable,"
"measured," "indicated," or "inferred," which
may not be consistent with the reserve definitions established by the SEC.
U.S. investors are urged to consider closely the disclosure in our Form
10-KSB, File No. 000-51068. You can review and obtain copies of these
filings from the SEC's website at http://www.sec.gov/edgar.shtml.
For more information, please contact
Yukon Gold Corporation, Inc.
Cletus Ryan
VP Corporate Development
(416) 865-9869 or 1-800-295-0671 x12
Email: info@yukongoldcorp.com
Website: www.yukongoldcorp.com
or
AGORACOM
Investor Relations
Email: YK@agoracom.com
Website: www.agoracom.com/ir/yukongold
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