Yukon Nevada Gold Corp T.YNG

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Yukon-Nevada Gold Corp. pours gold at Jerritt Canyon Gold Mine

    VANCOUVER, April 16 /CNW/ - Yukon-Nevada Gold Corp. (Toronto StockExchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce that ithas recommenced processing ore and pouring gold at its roasting facility atJerritt Canyon, Nevada.    The first gold pour since permission was received from the NevadaDivision of Environmental Protection (NDEP) for the restart of the millingfacility was attended by the President and CEO of Yukon-Nevada Gold Corp.(YNG), Graham Dickson, the CFO of YNG, Shaun Heinrichs, the Investor RelationsManager of YNG, Nicole Sanches and The COO of Golden Eagle International,Inc.(GEII, OTCBB: MYNG) Blane Wilson. Present also were the followingrepresentatives of YNG; Terry Eisenman, John Fox, Mary Butz, Jim Johnston,from GEII; Chris Zerga, Mike McGhee, Curtis Casagranda, Alan Wilson, MathewJones, Scott Alcorn, Ruston Hebdon, Pancho Melendez and from the Elko DailyFree Press; Adella Harding and Ross Anderson. President and CEO Graham Dicksonwas happy to see the successful culmination of a great deal of effort and hardwork expended by YNG, sub-contractor GEII and the NDEP.    CFO, Shaun Heinrichs stated that, "The reappearance of cash flow is bothexciting and invigorating. We are sure that in the coming months we will nowbe able to pay down all obligations and emerge once again as a profitable goldmining company."    Graham Dickson echoed his sentiments and said, "We can now concentrate onour plans to restart mining at Jerritt Canyon and to make further advancestowards profitable production at Ketza River in the Yukon Territory.    Ongoing permitting at Starvation Canyon, Nevada will allow the Company,in the future, to realize an increase in the production of gold ounces atJerritt Canyon.    We would also like to take this opportunity to thank the Elko communitywhich has been very supportive during this period as the company has strivedto reach this point of renewed profitability accompanied by a significantlyreduced environmental impact."    Yukon-Nevada Gold Corp. is a North American gold producer in the businessof discovering, developing and operating gold deposits. The Company holds adiverse portfolio of gold, silver, zinc and copper properties in the YukonTerritory and British Columbia in Canada and in Arizona and Nevada in theUnited States. The Company's focus has been on the acquisition and developmentof late stage development and operating properties with gold as the primarytarget. Continued growth will occur by increasing or initiating productionfrom the Company's existing properties.    If you would like to receive press releases via email please [e-mail] and specify "Yukon-Nevada Gold Corp. releases" in the subjectline.    <<    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 solicitationof an offer to buy any of the securities in the United States. The securitieshave not been and will not be registered under the United States SecuritiesAct of 1933, as amended (the "U.S. Securities Act") or any state securitieslaws 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 statesecurities laws or an exemption from such registration is available.    %SEDAR: 00004098E

For further information: Yukon-Nevada Gold Corp., Nicole Sanches,Investor Relations Manager, Tel: [phone], Email: [e-mail],www.yukon-nevadagold.com; CHF Investor Relations, Jacqueline Wagenaar, AccountManager, Tel: [phone] ext. 289, Email: [e-mail],www.chfir.com