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Dear Subscriber,
June 7, 2012
Yukon-Nevada Gold Corp. Signs Agreement with Allied Nevada to Process Hycroft Loaded Carbon Vancouver, BC � June 7, 2012 � Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6)(�YNG� or the �Company�) is pleased to announce that it has entered into an arrangement with Allied Nevada Gold Corp. (�Allied Nevada�) to process Hycroft gold and silver laden carbon in the carbon plant at the Jerritt Canyon milling facility located in Elko County, Nevada. The terms of the agreement are in-line with previous arrangements Allied Nevada had with other offsite processing facilities. Jerritt Canyon is operated by Queenstake Resources USA Ltd., a wholly owned subsidiary of the Company. Randy Reichert, Chief Operating Officer said, �We will process this material under a tolling arrangement. Revenues from this arrangement will be credited against operating costs. Normal gold production from the Smith mine, SXX/Steer mine and from stockpiles will continue as usual at the Jerritt Canyon milling facility for the duration of this agreement.� Hycroft expects to ship the first lot of carbon in early June. Under the terms of the arrangement, in the initial 90 - 120 days following signing of the agreement all of the carbon currently in inventory at Hycroft is expected to be processed. After this initial period, between 15 and 30 tons per month may be processed. Hycroft currently generates approximately 15 to 20 tons of carbon per month. 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 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.For more information please contact:
Yukon-Nevada Gold Corp.Richard Moritz Senior Director, Institutional Investor RelationsTel: (604) 688-9427Email: rmoritz@yngc.ca
CHF Investor RelationsJeanny SoDirector of OperationsTel: (416) 868-1079 ext. 225Email: jeanny@chfir.comwww.chfir.com
AXINO AGWolfgang SeyboldChairmanTel: +49 711 25 35 92 40Email: wolfgang.seybold@axino.dewww.axino.de
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.
| Send to a Friend | Update Profile | Privacy Policy� Yukon-Nevada Gold Corp.Yukon-Nevada Gold Corp. - 900 - 688 West Hastings St. V6B 1P1, Vancouver BC
Yukon-Nevada is a gold development stage company based in Canada.
Yukon-Nevada holds various exploration projects in Canada.
Its main assets in production are JERRITT CANYON MINE, JERRITT CANYON, JERRITT CANYON-MURRAY, JERRITT CANYON - MURRAY ZONE 9, JERRY CANYON - SSX, JERRY CANYON - EAST SMITH, JERRY CANYON - SAVAL, JERRY CANYON - STARVATION, JERRY CANYON - WRIGHT WINDOW, JERRITT CANYON STOCKPILES, JERRY CANYON - UG RESOURCES, JERRY CANYON - SMITH and JERITT CANYON - PIT RESOURCES in USA, its main asset in development is KETZA RIVER MANTO ZONE in Canada and its main exploration properties are WOLF PROPERTY, MONEY CLAIMS, SILVER VALLEY PROPERTY, KETZA - SHAMROCK ZONE and KETZA RIVER in Canada.
Its stock quote reached its lowest recent point on December 12, 2008 at CA$ 0.02, and its highest recent level on February 12, 2013 at CA$ 2.95.
Yukon-Nevada has 930 644 000 shares outstanding.