Yukon-Nevada Gold Corp. Announces Resignation of Chairman of the Board of Directors

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Yukon-Nevada Gold Corp. Announces Resignation of Chairman of the Board of Directors

03/05/2012 6:30:00 AM

Canada NewsWire

VANCOUVER, May 3, 2012 /CNW/ - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) announces its Board of Directors has accepted the resignation of its Chairman, John Greenslade due to other business commitments.

Robert Baldock, CEO and President stated, "The Board of Directors would like to express its appreciation for Mr. Greenslade's contributions to the Company. The appointment of his successor will be announced at a later date. We continue to support our management team which remains focused on operations and cash flow growth at Jerritt Canyon, our gold producing property in Nevada."

Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.

If you would like to receive press releases via email please contact nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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