Yukon-Nevada Gold Corp. announces flow-through private placement

VANCOUVER, April 10 /PRNewswire-FirstCall/ -- Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) Graham Dickson, the President of Yukon-Nevada Gold Corp. (the "Company"), announces that the Company has negotiated a $20,000,000 non-brokered flow-through private placement to sell up to 10,000,000 flow-through common shares ("FT Shares") at $2.00 per FT Share in the capital stock of the Company.

Yukon-Nevada Gold's President and Chief Executive Officer, Graham C. Dickson, commented, "This will enable us to fast-track exploration at the Silver Valley project in the Yukon and will also free up cash for a possible expansion of mining activities at Jerritt Canyon in Nevada."

In accordance with securities legislation currently in effect, the FT Shares will be subject to "hold period" of four months plus one day from the date of issuance of the aforesaid securities.

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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.

Source: Yukon-Nevada Gold Corp.

CONTACT: 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

2008-04-10 19:32:50 0333568 PRNEWSWIRE