Yukon-Nevada Gold Corp. appoints Chief Geologist at Jerritt Canyon, Nevada

VANCOUVER, Oct. 26 /PRNewswire-FirstCall/ - Yukon-Nevada Gold Corp. (Toronto
Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce the
appointment of Mr. Paul D. Noland, CPG, as Chief Geologist. Mr. Noland brings
extensive geological experience to Yukon-Nevada Gold Corp. ("YNG" or the
"Company") with over 35 years of geological experience primarily in the
western United States including the Nevada region. Mr. Noland will head up a
new Geological initiative to expand reserves and resources at Jerritt Canyon
located 50 miles north of Elko, Nevada. Jerritt Canyon is operated by
Queenstake Resources USA Ltd., a wholly owned subsidiary of the Company.
Mr. Noland graduated from Lamar University (Texas, USA) with a B.Sc in Geology
in 1971, and attended the University of Oklahoma where he completed class work
toward a M.Sc in Geology. Mr. Noland is a Certified Professional Geologist
from American Institute of Professional Geologists. His most recent corporate
position was with Barrick at the Cortez, Nevada Mines, where he was involved
in both the Pipeline and newly discovered Cortez Hills deposits. Mr. Noland
has interspersed corporate positions with extended periods as a consultant,
primarily focused on exploration and property evaluation.
Mr. Noland has valuable prior experience at the 119 square mile Jerritt Canyon
having spent several seasons of contract and consulting work there in the
1990's and early 2000's. Through his long and successful career in mining, Mr.
Noland has been involved in several mineral discoveries. His experience has
spanned grass-roots exploration and evaluation of prospects to development and
enhancement of multi-million ounce gold deposits. Though the majority of Mr.
Noland's expertise lies in precious metals deposits, he has also been involved
with exploration and discovery of copper, molybdenum and tungsten.

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 Arizona and 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.

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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.

Yukon-Nevada Gold Corp. Nicole Sanches, Investor Relations Manager, Tel: (604)
688-9427, Email: nicole@yngc.ca, www.yukon-nevadagold.com; CHF Investor
Relations Jeanny So, Director of Operations, Tel: (416) 868-1079 ext. 225,
Email: jeanny@chfir.com, www.chfir.com