BC FORM 51-102F3
MATERIAL CHANGE REPORT
The full name and address of the principal office in Canada of the Company is:
Yukon-Nevada Gold Corp.
490 – 688 West Hastings Street
Vancouver, B.C. V6B 1P1
The date of the material change is August 13, 2010.
The date and method(s) of dissemination of the News Release issued under section 7.1 of National Instrument
51-102 is/are as follows:
The news release was disseminated via SEDAR to the securities commissions in British Columbia, Alberta and
Ontario, to the Toronto Stock Exchange and via wire by CNW.
Yukon-Nevada Gold Corp. closes a senior secured note financing.
The Company is pleased to announce that it has closed a Senior Secured Note financing, issuing US$25,000,000
principal amount senior secured notes (the “ Notes ”) and 25,000,000 common share purchase warrants (the “
Warrants ”), raising gross proceeds of US$25,000,000. Each Warrant entitles the holder thereof to purchase
one common share of the Company at a price of $0.40 per share for a period of three years following closing.
The Notes have a maturity date of December 31, 2012 and are secured by a charge over all the assets of the
Company’s wholly owned subsidiaries, Queenstake Resources Ltd. (“ QRL ”) and Queenstake Resources
U.S.A. Inc. (“ Queenstake US ”) as well as a share pledge over all shares in QRL and Queenstake US. The
Notes will be repaid through monthly cash instalments based on a notional amount of approximately 284,114
shares of SPDR GLD Gold Shares (an exchange listed fund trading on the NYSE and other global exchanges)
beginning September 2010. The Company has guaranteed a minimum rate of return of 5% per annum on the
aggregate principal amount over the term of the Notes.
The Notes and Warrants are transferable, subject to compliance with Canadian securities laws and neither the
Notes nor the Warrants have not been, nor will be, registered under the United States Securities Act of 1933, as
amended. The Notes and Warrants are subject to a hold period expiri