Mr. Jean-Edgar de Trentinian of Orifer reports

Orifer SA intends to sell up to 140.4 million share purchase warrants of Yukon-Nevada Gold Corp. (YNG) from its control base. This sale will not result in a reduction of the direct and indirect shareholdings of Orifer and its president, Jean-Edgar de Trentinian, totalling 190,480,500 shares, representing 25.2 per cent of the issued and outstanding share capital (755,816,679 shares) of YNG, but if completed, will reduce the number of Orifer's presently held warrants to zero. The securities will be distributed privately. The proposed commencement date of the sale is April 28, 2011.