YUKON-NEVADA GOLD CORP. ANNOUNCES NEW AUDITORS

VANCOUVER, Nov. 5 /CNW/ - Yukon-Nevada Gold Corp. ("YNG") (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces that it has appointed Deloitte & Touche LLP, Chartered Accountants ("Deloitte") as YNG's auditors in place of KPMG LLP.

YNG has filed the reporting package required under National Instrument 51-102 - Continuous Disclosure Obligations with respect the change of auditor.  A copy of this reporting package is available for review on SEDAR here: http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00004098

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.

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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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For further information:

Yukon-Nevada Gold Corp.
Richard Moritz 
Senior Director, Institutional Investor Relations
Tel: [phone]
Email: [email protected]

Nicole Sanches
Investor Relations Manager
Tel: [phone] ext 224
Email: [email protected]
www.yukon-nevadagold.com

CHF Investor Relations
Jeanny So
Director of Operations
Tel: [phone] ext. 225
Email: [email protected]
www.chfir.com