Veris Gold Corp. (VG)

[basserdan]

ADDITIONAL AU ASSAY RESULTS FROM THE PEEL AND HOODOO ZONES, KETZA RIVER PROJECT

Monday November 22, 2010, 9:35 am

VANCOUVER, Nov. 22 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; OTC:YNGFF; Frankfurt Xetra Exchange: NG6) is pleased to announce further excellent results from its ongoing 2010 drilling program at Ketza River. The Ketza River property is wholly owned by Yukon-Nevada Gold Corp., and it is a past gold producer located near the town of Ross River in the Yukon Territory, Canada.

The recently received assay results are mostly from the Hoodoo, Break, and B-Mag Zones at the Ketza River Project, which are manto-style (limestone replacement) resources. Results also came in for one drill hole from the Connector Zone in the Shamrock part of the project, which are mostly veins and stockwork resources. All drill holes referenced in this news release are diamond drill holes completed by one drill rig between May 6, 2010 and July 11, 2010 and for which assays were recently received.

Hoodoo Zone

The Hoodoo Zone oxide mineralization target lies proximal to a major northwest-striking fault zone which controls mineralization in the Lab-Calcite Zone. This current phase of drilling was located near the top of the ridge, in what is planned to be the high wall of the Lab-Hoodoo open pit (see Drill Hole Plan Map Figure which can be found on our website here: http://www.yukon-nevadagold.com/i/pdf/2010HoodooMap.pdf).

Table 1 below lists the 2010 significant drill hole intercepts from the Hoodoo Zone. The highlight of this phase of drilling was drill hole KR-10-1532 which contained two intercepts: 9.14 meters grading 37.37 g/t Au starting from 57.0 and continuing to 66.14 m, and another containing 4.28 meters assaying 2.95 g/t Au from 25.29 to 29.57m. This drill hole was drilled approximately perpendicular to drill hole KR-08-1455, which also intersected similarly strong gold mineralization. In addition, drill hole KR-10-1535 located approximately 20 meters to the west, intercepted 2.30 meters grading 17.60 g/t Au. Cross sections suggest that these intersections are approximately true thickness.

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