Significant Surface Drilling Results At Jerritt Canyon

VANCOUVER, BC - Yukon-Nevada Gold Corp. reported results from its 2011 surface drilling program which evaluated targets for open pit mining located at its wholly-owned Jerritt Canyon gold operation in Nevada, USA. Jerritt Canyon is operated by Queenstake Resources USA Ltd.

This 2011 surface drill program included 141 drill holes totaling 49,080 ft, (14,968 m) and "in-filled" on and expanded upon historic drill data from three previously mined open pits and one area never previously mined including: Burns Basin (open pit); 61 drill holes totaling 23,740 ft. drilled (7,240.7m); Saval (open pit); 23 drill holes totaling 12,520 ft. drilled (3,818.6m); and Pie Creek (resource area); 17 drill holes totaling 5,600 ft. drilled (1,708.0m); and W. Generator/MCE (open pit); 40 drill holes totaling 7,220 ft. drilled (2,201.1m).

The company's address is 900-688 West Hastings Street, Vancouver BC V6B 1P1, 604.688.9427, fax: 604.688.9426, email: [email protected].