Mining Starts At SSX-Steer Mine Complex 

VANCOUVER, BC - Yukon-Nevada Gold Corp. reported that mining has restarted at the SSX-Steer mine complex ("SSX") which is part of the Jerritt Canyon Operations located 50 miles north of Elko, Nevada. SSX is a complex of two underground mines and was placed on care and maintenance in August 2008.SSX has Proven and Probable Reserves totaling 1,215,400 tons averaging 0.189 opt Au containing 229,200 ounces of gold.SSX will restart at an average of 300 tons per day and will ramp up to 800 tons per day by the end of 2011 as additional equipment is delivered to site. Ramp up to the ultimate production target of 1,200 tons per day will be complete by the end of Q1 2012. Jerritt Canyon is operated by Queenstake Resources USA Ltd., a wholly owned subsidiary of Yukon-Nevada Gold Corp.