eResearch

eResearch

February 28, 2008 16:27 ET

eResearch Initiates Coverage on Yukon-Nevada Gold Corp. With Speculative Buy Rating and One-Year/Three-Year Target Prices of $3.30/$5.90

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2008) - An acquisition transforms Yukon-Nevada Gold Corp. into a gold producer. That means cash flow for exploration and/or acquisitions of either properties or companies. Cash rich, strong institutional holdings, and an intriguing joint-venture all add to the speculative appeal of this company.

Yukon-Nevada Gold Corp. is a gold producer involved in the exploration, development and operation of gold deposits. The Company has a diverse portfolio of properties and commodities.

Highlights of the report are as follows:

- Yukon-Nevada is a junior gold producer with financial resources to significantly expand production both organically and through acquisitions

- Revenue from gold production can help finance exploration and development

- Company is well-positioned for growth following June 2007 acquisition of Queenstake Resources and $72 million private placement

- Recently partnered 50:50 with a "deep-pocketed" Chinese company to fund early-stage exploration

- Significant institutional ownership

- Strong corporate governance culture adds credibility

- Challenges include the need to expand proven reserves at Jerritt Canyon in Nevada, reduce production costs, and increase market awareness

This Press Release was prepared by eResearch and was not vetted by Yukon-Nevada Gold Corp. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Yukon-Nevada Gold Corp.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Yukon-Nevada Gold Corp. paid eResearch a fee of $17,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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