Dear Subscriber,
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April
28, 2008
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Vancouver, Canada - April 28, 2008 - Yukon-Nevada
Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces further important results from its
exploration drilling in the SSX Mine/Steer Mine area at its wholly owned,
gold production Jerritt Canyon property in Nevada, USA. Drilling from
surface and underground has continued to extend mineralization.
Steer Zone
Additional drilling in the hanging wall of the Husky Fault has continued to
intersect gold mineralization outside of existing resources. Here
mineralization is commonly associated with the contact between units 3 and
4 of the Hanson Creek Formation, a common ore host throughout the Jerritt
Canyon District. Underground drillholes Z54586 and Z54588 hit
mineralization at this contact, well outside of the currently defined
resource. Highlighted intercepts are listed in the table below. Drilling
angles are such that intervals presented in this table are believed to
represent close to true thickness.
Pattani Zone
Surface and underground drilling was conducted to follow up on high grade
mineralization discovered in the Pattani Zone and announced in the
Company's News Release of January 14, 2008: drill hole Z53987 which
intersected 35 feet
(10.7 meters) of 0.735 ounces of gold per ton (opt) or 25.19 grams of gold
per ton (gpt) and drill hole SR-142 which intersected 42 feet (12.8 meters) of 0.513 opt
(17.58 gpt). The follow up drilling consisted of one
reverse circulation (RC) and three core holes drilled from surface.
Two of these holes including the RC hole failed to cut any significant
mineralization; downhole surveying indicates that they deviated and missed
the drill target. SC-1370AC
hit 19.5 feet (5.9 meters) of 0.414opt (14.19gpt) north of
the previously defined inferred resource. Assays are pending
for the remaining surface core hole. Two underground core holes were
also drilled north of the inferred resource shape. SR-164 hit 24 feet (7.3 meters) of
0.508opt (17.42gpt) within the Pattani Zone. Assays are pending
for the remaining underground core holes.
Hole
ID
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From (ft)
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From (m)
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To (ft)
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To (m)
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Interval (ft)
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Interval (m)
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Au (opt)
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Au (g/ton)
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SR-164
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245
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74.7
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269
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82.0
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24
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7.3
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0.508
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17.42
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SC-1370AC
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715.5
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218.1
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735
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224.0
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19.5
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5.9
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0.414
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14.19
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Z54586
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165
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50.3
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180
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54.9
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15
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4.6
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0.226
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7.75
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Z54588
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150
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45.7
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165
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50.3
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15
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4.6
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0.252
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8.64
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The Company's President and CEO, Graham C. Dickson, commented, "These
drill results continue to confirm our belief that our operating mines can
not only provide feed for our milling facility for many years to come but
more importantly can support a greater output in a sustainable
manner."
Assays from both surface exploration holes and from underground holes
reported in this news release were by ALS Chemex, North Vancouver,
B.C. and by the Company's assay laboratory at the Jerritt Canyon
Mine, using standard fire assay techniques. The Company's Quality Assurance
and Quality Control protocols are available in the Company's NI 43-101
Technical Report dated April 16, 2008 and is available on
www.sedar.com. Intercepts are reported as drilled.
True widths have not yet been calculated; given the geometry of mineralization
at Jerritt Canyon, the concept of true width is not always meaningful
before delineation drilling has been completed. This News Release was
reviewed and approved by the Company's Executive Vice
President-Exploration, Dorian L. (Dusty) Nicol, M.Sc., P.Geo., the
Qualified Person for purposes of this release.
Detailed maps of the drill holes can be found on our website, www.yukon-nevadagold.com.
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.
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