Yukon-Nevada Gold Corp. meets TSX continued listing requirements

VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ - Yukon-Nevada Gold Corp. (Toronto
Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) Further to TSX Bulletin
2009-1042 dated August 19, 2009, TSX has completed its review of the common
shares (Symbol: YNG) and warrants (Symbol: YNG.WT) of the Company and has
determined that the Company meets TSX's continued listing requirements.

About Yukon-Nevada Gold Corp.

On October 14, 2009 Yukon-Nevada Gold Corp. ("YNG" or the "Company") announced
that it has come to an agreement with the Nevada Division of Environmental
Protection ("NDEP") in the form of a Consent Decree to resume production at
the Jerritt Canyon milling facility located approximately 50 miles from Elko,
Nevada. Jerritt Canyon is owned and operated by Queenstake Resources U.S.A.
Ltd. ("Queenstake") a wholly owned subsidiary of the Company. Subsequent to
that announcement the Jerritt Canyon milling facility recommenced processing
ore and gold production.
The Company is requesting the support of its qualifying shareholders for the
issuance of the replacement inducement warrants proposed by the Company on
terms set out in its news releases of September 29, 2009 and October 14, 2009.
The Company is issuing inducement warrants to existing warrant-holders who
elect to exercise their existing warrants before their respective expiry
dates. Only those shareholders not eligible to participate in the issuance of
inducement warrants are qualified to vote (i.e. "disinterested" shareholders).
Once qualifying shareholders receive their consent letters in the mail there
is an option to vote on the internet here: www.proxyvote.com In the event all
warrant holders exercise their warrants the Company would receive
approximately $14,000,000 in working capital into treasury.
In order to provide more detailed information to the qualifying shareholders
YNG has engaged the assistance of Laurel Hill Advisory Group, LLC to contact
qualifying shareholders in order to solicit questions and obtain, where
appropriate, their written consent as required by the TSX policies. You can
also visit the Company's website for additional information:
www.yukon-nevadagold.com or contact Laurel Hill Advisory Group, LLC at: 1
(800) 994-5189.
Third quarter results are coming out on Nov 13, 2009, which will be available
on SEDAR, www.sedar.com and on the Company's website,
http://www.yukon-nevadagold.com/s/FinancialStatements.asp.

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.

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.

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