Yukon Gold Corporation, Inc.
TSX : YK
OTC Bulletin Board : YGDC

Yukon Gold Corporation, Inc.

April 26, 2007 13:22 ET

Yukon Gold Plans $3 Million Drill Program to Expand the Current Resource at its Zinc-Copper-Silver Deposit in the Yukon

TORONTO, ONTARIO--(CCNMatthews - April 26, 2007) - Yukon Gold Corporation, Inc. ("Yukon Gold")(TSX:YK)(OTCBB:YGDC) announced today that an extensive diamond drill program on its 100% owned Marg zinc-copper-silver property will commence in mid June. This program is primarily designed to increase tonnage and upgrade a significant portion of the Inferred Resource to the Indicated Resource category. To date, 96 diamond drill holes totaling 27,000 metres have outlined four (4) polymetallic massive sulphide horizons in a 100 metre thick Devonian felsic metavolcanic sequence. In addition, geophysical surveys and exploration drilling on other property showings are planned.

The Qualified Person who reviewed this press release is R. C. Carne, P. Geo., an independent consultant, supervising this program, employed by Archer Cathro & Associates (1981) Limited, a geological engineering firm offering contract mineral development and exploration services for mining companies. Results from the drilling will be published as they are made available and reviewed by Yukon Gold's management team.

The Marg Deposit (Cu-Pb-Zn-Ag-Au)

The Marg deposit consists of a series of continuous to discontinuous sheets of massive and semi-massive sulphide mineralization. The mineralized horizons are up to 23 metres thick and have been traced along a strike length of 1200 metres and up to 700 metres down dip. They remain open to extension at depth and along strike. Up to eight sulphide sheets can occur on a single section although most of the mineralization occurs within four sheets (Zones A-D). The resource tabulated below was originally determined by J. P. Franzen, P. Eng. in 1996, prior to the implementation of NI 43-101. Franzen's resource calculation was reviewed by Peter M. Holbek, M.Sc., P.Geo., a qualified person, in 2005 and re-classified in accordance with NI 43-101



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Zone Classification Average Tonnes Copper% Lead% Zinc% Silver Gold
Thickness g/t g/t
(m)
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A Indicated 4.8m 57,605 1.93 3.56 6.33 105.14 1.93
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Inferred 75,413 0.68 0.96 2.10 35.22 0.45
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B Indicated 3.7m 785,497 1.70 2.21 4.08 61.90 0.90
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Inferred 80,548 1.46 2.22 4.34 53.29 0.87
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C Indicated 8.6m 1,459,564 1.60 2.45 4.31 73.41 1.21
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Inferred 289,330 1.90 2.10 3.95 60.04 1.26
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D Indicated 5.1m 2,343,521 1.95 2.75 5.26 59.97 0.85
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Inferred 435,488 1.48 1.88 3.80 46.12 0.85
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Total Indicated 6.0m 4,646,200 1.80 2.57 4.77 65.08 0.99
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Total Inferred 6.0m 880,800 1.55 1.90 3.75 50.42 0.95
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The current resource does not incorporate the results of 1997, 2005 and 2006 diamond drilling (19 holes), which intersected mineralization outside the limits of the resource block.

Three dimensional deposit modeling utilizing Gemcom software is underway in preparation for a rigorous re-evaluation of the Marg deposit resource that will include data from all previous exploration on the property. Results of this work are expected by late May.

The Marg property covers a 14 km long belt of Proterozoic to Mississippian metasedimentary and metavolcanic rocks that contains the Marg deposit as well as three other areas with strongly anomalous multi-element geochemistry and mineralized float. A digital database compiling all exploration results by previous workers on the property is underway. This information will be incorporated with results of a 2006 property-wide VTEM airborne geophysical survey to select drill targets outside the immediate area of the Marg deposit.

About Yukon Gold

Yukon Gold Corporation, Inc. is an active and progressive public exploration and development company. The Company's main focus is its late stage Zinc-Copper-Silver deposit (Marg Property) and its Mount Hinton Gold and Silver exploration project in the Central Yukon Territory of Canada. These properties lie within the Tombstone Gold Belt, world renowned for the discovery of major gold, silver and base metal deposits. Currently, there are approximately 19.4 million of the Company's common shares outstanding.

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.

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