Yukon-Nevada Gold Corp. intersects 21.3 meters of 19.47 gpt at the Smith Mine, Jerritt Canyon, Nevada

VANCOUVER, April 29 /PRNewswire-FirstCall/ -- Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) reports underground drilling continues to extend gold mineralization at Jerritt Canyon's Smith Mine. Forty-one underground core and reverse-circulation (RC) holes totaling 10,523 feet (3,207 meters) have been completed at the Smith Mine since compilation of the 2007 year-end resource estimate.

The Company's President and CEO, Graham C. Dickson, commented, "These drill results are again further confirmation of 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 at a higher grade than previously mined as indicated by the values in Drill Hole LX-740 of 70 feet (21.3 meters) of 0.568 opt (19.47gpt)."

Zone 4 - Mahala

In order to follow up on encouraging results released in January 2008, additional underground RC and core drilling was completed from a drift paralleling the west extension of the high-grade Mahala igneous dike trend. The RC holes were drilled directly across the nearby dike trend while most of the core holes were directed farther out along strike to the west. This drilling has extended two high-grade dikes at least 140 feet (42 meters) west of the currently modeled resources. Additionally, the core drilling intersected dike-related anomalous gold another 350 feet (105 meters) farther west; this indicates that gold mineralization continues along this prolific structure. Highlight intercepts are listed in the table below. Gold grades are reported in ounces of gold per ton (opt) and grams of gold per tonne (gpt).

------------------------------------------------------------------------- Hole ID From From To To Interval Interval Au Au
(ft) (m) (ft) (m) (ft) (m) (opt) (g/ton)
------------------------------------------------------------------------- C40797 20.0 6.1 35.0 10.7 15.0 4.6 0.411 14.09
------------------------------------------------------------------------- C40811 20.0 6.1 35.0 10.7 15.0 4.6 0.499 17.11
------------------------------------------------------------------------- LX-718 127.5 38.9 163.0 49.7 35.5 10.8 0.262 8.98
------------------------------------------------------------------------- LX-721 17.0 5.2 35.0 10.7 18.0 5.5 0.351 12.03
-------------------------------------------------------------------------
Zone 7 - West Dash

Extension of an exploration drift over the West Dash ore zone at the end of 2007 has allowed for more effective drilling of the down-dip extensions of the prolific west and middle reserve pods. Drilling has extended ore-grade gold mineralization an additional 125 feet (38 meters) down-dip at the north end of the middle pod. Additional drilling has extended the west pod at least 150 feet (46 meters) down-dip to the north, highlighted by 70 feet (21.3 meters) of 0.568 opt (19.47gpt) in Drill Hole LX-740. Three of the most significant intercepts from this zone are listed below.

------------------------------------------------------------------------- Hole ID From From To To Interval Interval Au Au
(ft) (m) (ft) (m) (ft) (m) (opt) (g/ton)
------------------------------------------------------------------------- LX-736 271.0 82.6 292.0 89.0 21.0 6.4 0.326 11.18
------------------------------------------------------------------------- LX-740 110.0 33.5 180.0 54.9 70.0 21.3 0.568 19.47
------------------------------------------------------------------------- LX-744 194.0 59.1 214.0 65.2 20.0 6.1 0.447 15.33
-------------------------------------------------------------------------

Both of these zones will remain the subject of continued aggressive exploration.

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.

A detailed map of the drill holes can be found on our website, www.yukon-nevadagold.com.

If you would like to receive press releases via email please contact nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.

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, Account Manager, Tel: (416)
868-1079 ext. 289, Email: jacqueline@chfir.com, www.chfir.com

2008-04-29 21:13:52 0348492 PRNEWSWIRE