Yukon Gold Corporation, Inc.
OTC Bulletin Board : YGDC

Yukon Gold Corporation, Inc.

March 10, 2008 17:20 ET

Yukon Gold Contracts Scoping Study of an Underground Mine at Marg Deposit

TORONTO, ONTARIO--(Marketwire - March 10, 2008) - Yukon Gold Corporation, Inc. ("Yukon Gold" or the "Company"), (TSX:YK)(OTCBB:YGDC)(Frankfurt:W8Y) announces the signing of contract for a Scoping Study (Preliminary Economic Assessment) of an Underground Mine for the Marg Deposit.

The scoping study will be conducted by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA ) and will be prepared in accordance with the requirements of National Instrument 43-101. The scoping study will commence during the week of March 10 for delivery in August, 2008.

Scott Wilson RPA is part of Scott Wilson Group PLC, a global consultancy business, offering an integrated professional service in the areas of engineering, planning and the environment, drawing on the business and technical abilities of over 5500 staff in 80 offices around the world.

Yukon Gold chose Scott Wilson RPA because of their outstanding reputation in the mining industry. The Scoping Study is intended to determine the potential of the Marg Deposit.

The Marg Deposit was the subject of a 43-101 Technical Report by Archer Cathro/Giroux, July 2007 with indicated resources of 1.72M tonnes with an average grade of 1.9% copper, 2.4% lead, 4.59% zinc, 59.72 g/t silver, 0.95g/t gold and inferred resources of 4.8M tonnes with an average grade of 1.81% copper, 2.28% lead, 4.64% zinc, 54.47 g/t silver, and 0.77g/t gold at a cut off of 1% copper.

Yukon Gold is postulating a target date for a bankable feasibility study on the Marg Deposit in the fall of 2009, with the possibility of a production decision on the property in 2010.

Yukon Gold has recently received inquiries in regard to the Marg Deposit from international mining producers and suppliers of a wide range of commodities and raw materials to industrial consumers.

About Yukon Gold

Yukon Gold Corporation, Inc. (Yukon Gold) explores and develops mining properties with a commitment to moving projects towards production. Yukon Gold's 100% owned Marg Deposit is an advanced stage copper/lead/zinc/silver/gold deposit in the Tombstone Belt in Yukon, Canada. Currently there are 28.9M of the Company's common shares outstanding.

The technical information in this press release has been reviewed by Ken Hill, P. Eng. Director, Yukon Gold, and a qualified person.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Cautionary Note to US Investors - The United States Securities and Exchange Commission (SEC) limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. The reader is cautioned that the terms "resource," "indicated" and "inferred" are not terms recognized by SEC guidelines for disclosure of mineral properties. Generally, "indicated" and "inferred" estimates do not rise to the level of certainty required by SEC guidelines. The mineralized material described above is not considered a "reserve" as that term is used in the mining industry and in SEC disclosure guidelines. The Company must undertake a feasibility study before it can estimate the value of the Marg Deposit. U.S. investors are urged to consider closely the disclosure in our Form 10-KSB, File No. 000-51068. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.

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