YUKON-NEVADA GOLD CORP. ANNOUNCES THE RECOMMENCEMENT OF
EXPLORATION DRILLING AT JERRITT CANYON UNDER THE DIRECTION OF A
NEW CHIEF GEOLOGIST
Vancouver, BC – July 22, 2010 – Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG;
Frankfurt Xetra Exchange: NG6) is pleased to announce that as of July 12, 2010 it has recommenced
underground exploration drilling at its gold producing Jerritt Canyon property located 50 miles from Elko,
Nevada. In addition the Company is pleased to announce that Mr. William Hofer has been recently appointed as
the Chief Geologist at Jerritt Canyon. The Jerritt Canyon Mine is operated by Yukon-Nevada Gold Corp.’s
(“YNG” or the “Company”) wholly owned subsidiary Queenstake Resources USA, Inc. (“Queenstake”).
Mr. Hofer has over twenty three years of precious metals mining and exploration experience and has worked
throughout the western United States, Canada and China. He graduated from the University of South Dakota
with a Bachelor of Science Degree in Geology. Mr. Hofer has conducted work for INCO Gold/TVX Gold at the
Mineral Hill Mine in Montana; Kinross/Candelaria Mining Co. at the Candelaria Mine in Nevada; and
Homestake Mining Company at the Lead Mine in South Dakota. He also has significant experience with project
management, underground and open-pit mine operations, mine prefeasibility and feasibility studies, mine
construction and pre-production development, ore reserves and deposit modeling, and exploration programs.
Mr. Hofer’s geological experience will greatly benefit the Company as it moves towards expanding its reserves
and resources at Jerritt Canyon.
Mr. Hofer, along with Laura Symmes, the Jerritt Canyon Project Geologist, has designed both the 2010
underground and surface drilling programs. The 2010 underground exploration program includes approximately
12 diamond drill holes totaling 14,400 feet.
Plans for a surface exploration drilling program are currently being finalized. This surface exploration program is
focusing on the northern half of