Yukon Nevada Gold Corp T.YNG

We Have Gone Down Hill Since May 18, 2007?

[arthur7440]

May 18, 2007 YGC RESOURCES LTD. ANNOUNCES APPROVAL OF PLAN OF ARRANGEMENT WITH QUEENSTAKE RESOURCES LTD.

Vancouver, BC -- May 18, 2007 - YGC Resources Ltd. (Toronto Stock Exchange: YGC; Frankfurt Xetra Exchange: ZH6) Graham Dickson, the President of YGC Resources Ltd. ("YGC" or the "Company"), is pleased to announce that shareholders overwhelmingly approved all resolutions brought before them at the Company's Annual and Special Meeting (the "AGM") held in Vancouver, British Columbia on May 18, 2007. Highlights of the meeting include: Plan of Arrangement In a key step in the growth of the Company, shareholders approved a special resolution to adopt a Plan of Arrangement (the "Arrangement") between YGC and Queenstake Resources Ltd. ("Queenstake") providing for, inter alia, the business combination of YGC and Queenstake to create Yukon-Nevada Gold Corp. ("YNG"). The Arrangement will result in the combination of the businesses and assets of YGC and Queenstake whereby Queenstake will become a wholly-owned subsidiary of YGC with the completion of the Arrangement and YGC will change its name to "Yukon-Nevada Gold Corp.". Election of Directors The following board members stood for election and were duly re-elected: Graham C. Dickson, John R.W. Fox, Neil J.F. Steenberg, R.J. (Don) MacDonald, Robert E. Chafee, Peter Holbek, E. Lynn Patterson and Iain Harris. The Company's Board of Directors, as of the AGM, is comprised of a majority of independent directors. On the effective date of the Plan of Arrangement, the board will comprise of the foregoing directors and Dusty Nicol and Peter Bojtos. Private Placement Shareholders, by way of ordinary resolution, approved the private placement in connection with the Combination Agreement with Queenstake Resources Ltd., of such number of securities that could result in Yukon-Nevada Gold Corp. issuing or making issuable more than 25% of the existing share capital of the Company, as more particularly described in and subject to the restrictions described in the Joint Information Circular of YGC and Queenstake Resources Ltd. dated April 17, 2007 Adoption of Amended and Restated Stock Option Plan Shareholders approved the adoption of a new Stock Option Plan for YNG to set the maximum number of YNG's common shares that may the subject of options to 10% of the Company's issued and outstanding share capital. This will serve to promote the interests of YNG and its shareholders by strengthening the Company's ability to attract persons of experience and ability to serve as directors, officers or employees of or consultants to YNG, and to encourage existing directors, officers or employees of or consultants to promote the affairs of YNG. Adoption of the Plan is subject to TSX approval. Other AGM Results KPMG LLP, Chartered Accountants, were re-appointed as auditors of the Company for the ensuing year, and the directors were authorized to fix the remuneration to be paid to the auditors. YGC Resources Ltd. Graham Dickson, President Tel: [phone] Email: [e-mail] www.ygcr.ca

[romara]

Without Prejudiceartie.....You make statements like "We Have Gone Down Hill Since May 18, 2007?"....What are you doing...living in a dream of the past. As I said before....and I am not the only one....this is a new company...forget about all those dreams you had in the Queenstake/early YNG years...that's history....2008 killed that company with all the environmental liabilities and

[arthur7440]

Why such a Angry  Sarcastic, Person  if a person does not post what you like,  You Bad Mouth Them,                           PS Richard , You Felt Sorry For Me???             

[romara]

Artie,,,,says  ......"Why such a Angry  Sarcastic, Person  if a person does not post what you like,  You Bad Mouth Them,"                           PS Richard , You Felt Sorry For Me???      

[romara]

downer come on...get with it....one thing I am not....is a bitter man....as an old army Sgt.....I just love to eat you guys up......I have wasted better people  then you bunch in a  tissue..... I just love it when you guys open up your mouths and say something...I just can't believe how incompetent you people areI just love this YNG board....with all the nut cases......it

[jimvicki3]

OK....I'm going to come up there and hit you all with my pocket book.   lolNOW STOP IT!      I am not amused .MYE