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     <TITLE>Yukon-Nevada Gold Corp.: Form S-8 - Filed by newsfilecorp.com</TITLE>
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      <TD style="BORDER-BOTTOM: 3px double #000000; " align=left width="50%"><B>As
      filed with the Securities and Exchange Commission on January  20, 2011 </B></TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; " align=left
        width="50%">
      <p align="center"><B>Registration No. 333- </B></TD></TR></TABLE>
  <P align=center><B><FONT size=5>UNITED STATES</FONT></B><BR><B><FONT
  size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR><B>WASHINGTON, D.C.
  20549 </B><BR></P>
  <P align=center><B><FONT size=5>FORM S-8 </FONT></B></P>
  <P align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
  </B></P>
  <P align=center><B><FONT size=5>YUKON-NEVADA GOLD CORP.</FONT></B><BR>(Exact
  name of registrant as specified in its charter) <BR></P>
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      <TD align=center><B><U>British Columbia, Canada </U></B></TD>
      <TD align=center width="50%"><B><U>Not Applicable </U></B></TD></TR>
    <TR vAlign=top>
      <TD align=center>(State or other jurisdiction of incorporation </TD>
      <TD align=center width="50%">(I.R.S. Employer Identification No.) </TD></TR>
    <TR vAlign=top>
      <TD align=center>or organization) </TD>
      <TD align=center width="50%">&nbsp; </TD></TR></TABLE>
  <P align=center><B>688 West Hastings Street, Suite 490</B><BR><B><U>Vancouver,
  British Columbia V6B 1P1</U></B><B> </B><BR>(Address of Principal Executive
  Offices) (Zip Code) <BR></P>
  <P align=center><B>Yukon-Nevada Gold Corp. </B><BR><B><U>Incentive Stock Option
  Plan</U></B><B> </B><BR>(Full title of the plan) <BR></P>
  <P align=center><B>Thomas M. Rose </B><BR><B>Troutman Sanders LLP </B><BR><B>222
  Central Park Avenue, Suite 2000 </B><BR><B><U>Virginia Beach, Virginia
  23462</U></B><B> </B><BR>(Name and address of agent for service) <BR></P>
  <P align=center><B><U>(757) 687-7715</U></B><B> </B><BR>(Telephone number,
  including area code, of agent for service) <BR></P>
  <P align=justify>Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
  reporting company. See the definitions of &#147;large accelerated filer,&#148;
  &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the
  Exchange Act. </P>
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      <TD width="5%"  >&nbsp;</TD>
      <TD align=left>Large accelerated filer [&nbsp; ] </TD>
      <TD align=left width="50%">Accelerated filer [X]</TD></TR>
    <TR vAlign=top>
      <TD width="5%" >&nbsp;</TD>
      <TD align=left>Non-accelerated filer [ &nbsp;] (Do not check if a smaller
        reporting company) </TD>
      <TD align=left width="50%">Smaller reporting company [&nbsp; ]
    </TD></TR></TABLE><BR>
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  <P align=center><B>CALCULATION OF REGISTRATION FEE </B></P>
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      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-right-style:solid; border-right-width:1" vAlign=bottom
        align=center><B>Title of securities</B> <B><br>
      to be registered (1)</B>
      </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-left-style:solid; border-left-width:1" vAlign=bottom align=center
      width="1%" >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3" vAlign=bottom align=center
      width="10%">
      <p style="margin-left: 2"><B>Amount to be</B> <BR><B>registered (2)</B></TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-right-style:solid; border-right-width:1" vAlign=bottom align=center
      width="2%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-left-style:solid; border-left-width:1" vAlign=bottom align=center
      width="1%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3" vAlign=bottom align=center
      width="10%">
      <p style="margin-left: 2"><B>Proposed</B> <BR><B>maximum offering</B> <BR><B>price per
        share</B> </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-right-style:solid; border-right-width:1" vAlign=bottom align=center
      width="2%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-left-style:solid; border-left-width:1" vAlign=bottom align=center
      width="1%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3" vAlign=bottom align=center
      width="10%">
      <p style="margin-left: 2"><B>Proposed</B> <BR><B>maximum</B> <B>aggregate
        <BR>offering</B> <B>price</B> </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-right-style:solid; border-right-width:1" vAlign=bottom align=center
      width="2%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3; border-left-style:solid; border-left-width:1" vAlign=bottom align=center
      width="1%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3" vAlign=bottom align=center
      width="10%">
      <p style="margin-left: 2"><B>Amount of</B> <BR><B>registration fee</B> </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:double; border-top-width:3" vAlign=bottom align=left
      width="2%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      bgColor=#e6efff>Common shares subject to outstanding options </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%" bgColor=#e6efff nowrap>
      <p style="margin-left: 2"><B>53,436,500 shares</B> </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%" bgColor=#e6efff>
      <p style="margin-left: 2"><B>0.37 (3)(4) </B></TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%" bgColor=#e6efff>
      <p style="margin-left: 2"><b>19,771,505.00</b></TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%" bgColor=#e6efff>
      <p style="margin-left: 2"><b>2,295.47</b></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom
        align=left>Common shares not subject to outstanding options </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%" >&nbsp;</TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%" nowrap>
      <p style="margin-left: 2"><B>11,360,125 shares</B> </TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%" >
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%">
      <p style="margin-left: 2"><B>0.69(4)(5) </B></TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%" >
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%">
      <p style="margin-left: 2"><b>7,838,486.25</b></TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%" >
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%" >
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=right
      width="10%">
      <p style="margin-left: 2"><b>910.05</b></TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom align=left
      width="2%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      bgColor=#e6efff><B>Total</B> </TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; " vAlign=bottom align=right
      width="10%" bgColor=#e6efff nowrap>
      <p style="margin-left: 2"><B>64,796,625 shares</B> </TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=right
      width="1%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; " vAlign=bottom align=right
      width="10%" bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp; </TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=right
      width="2%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; " vAlign=bottom align=right
      width="10%" bgColor=#e6efff>
      <p style="margin-left: 2"><b>27,609,991.25</b></TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:solid; border-right-width:1" vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>
      <p style="margin-left: 2">&nbsp;</TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:solid; border-left-width:1" vAlign=bottom align=left
      width="1%"  bgColor=#e6efff>
      <p style="margin-left: 2"><B>$</B></TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; " vAlign=bottom align=right
      width="10%" bgColor=#e6efff>
      <p style="margin-left: 2"><b>3,205.52</b></TD>
      <TD style="BORDER-BOTTOM: 3px double #000000; " vAlign=bottom align=left
      width="2%"  bgColor=#e6efff>&nbsp;</TD></TR></TABLE><BR>
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      <TD vAlign=top width="5%">(1) </TD>
      <TD>Common shares, no par value, offered by Yukon-Nevada Gold Corp. (the
        &#147;<B>Registrant</B>&#148;) pursuant to its Incentive Stock Option Plan, as
        amended (the &#147;<B>Plan</B>&#148;). </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(2) </TD>
      <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended
        (the &#147;<B>Securities Act</B>&#148;), this registration statement also covers an
        indeterminate number of additional shares that may be offered and issued
        to prevent dilution resulting from stock splits, stock dividends or
        similar transactions as provided in the Plan. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(3) </TD>
      <TD>Based on the weighted average exercise price of options granted under
        the Plan outstanding as of January  18, 2011. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(4) </TD>
      <TD>U.S. dollar amounts are calculated based on the Bank of Canada noon
        rate of exchange reported on January 18, 2011, which was
        Cdn$1.00=US$1.0090. </TD></TR>
    <TR>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD vAlign=top width="5%">(5) </TD>
      <TD>Calculated in accordance with Rule 457(c) and (h) based on the average
        of the high and low prices for the Registrant&#146;s common shares reported on
        the Toronto Stock Exchange on January 18, 2011, which was $0.69 per share.
      </TD></TR></TABLE><BR>
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      <TD width="5%"  >&nbsp;</TD>
      <TD align=left ><B>PART I.</B> </TD>
      <TD align=left width="85%"><B>INFORMATION REQUIRED IN THE SECTION 10(a)
        PROSPECTUS</B> </TD></TR></TABLE><BR>
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      <TD align=left nowrap width="10%" ><B>Item 1.</B> </TD>
      <TD align=left width="95%"><B>Plan Information.*</B> </TD></TR>
    <TR>
      <TD align=left nowrap width="10%" >&nbsp;</TD>
      <TD align=left width="95%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left nowrap width="10%" ><B>Item 2.</B> </TD>
      <TD align=left width="95%"><B>Registrant Information and Employee Plan
        Annual Information.*</B> </TD></TR></TABLE>
  <P align=justify><B>*</B>The information required by Part I to be contained in
  the Section 10(a) prospectus is omitted from this registration statement in
  accordance with the Note to Part I of Form S-8 and Rule 428. </P>
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      <TD width="5%"  >&nbsp;</TD>
      <TD align=left ><B>PART II.</B> </TD>
      <TD align=left width="85%"><B>INFORMATION REQUIRED IN THE REGISTRATION
        STATEMENT</B> </TD></TR></TABLE><BR>
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      <TD align=left nowrap width="10%"  ><STRONG>Item
      3.</STRONG>&nbsp;</TD>
      <TD align=left width="95%"><B>&nbsp;Incorporation of Documents by
        Reference.</B> </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%">The following documents, which have been filed with the United
  States Securities and Exchange Commission (the &#147;<B>Commission</B>&#148;), are
  incorporated herein by reference: </P>
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      <TD width="5%"  >&nbsp;</TD>
      <TD vAlign=top width="5%">(a) </TD>
      <TD>The Registrant&#146;s Annual Report on Form 20-F for the fiscal year ended
        December 31, 2009 filed with the Commission on April 1, 2010 (File No.
        000-52699). </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(b) </TD>
      <TD>All other reports filed pursuant to Section 13(a) or 15(d) of the
        Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), since
        the end of the fiscal year covered by the Annual Report on Form 20-F filed
        with the Commission on April 1, 2010 incorporated by reference herein
        pursuant to (a) above. </TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
    <TR>
      <TD width="5%" >&nbsp;</TD>
      <TD vAlign=top width="5%">(c) </TD>
      <TD>The description of the Registrant&#146;s common shares contained in (i) the
        Registrant&#146;s Amendment No. 1 to Current Report on Form 8-K filed with the
        Commission on January 20, 2011 and (ii) the sections captioned &#147;Item 10 &#150;
        Additional Information &#150; Exchange Controls&#148; and &#147;Item 10 &#150; Additional
        Information &#150; Taxation&#148; contained in the Registrant&#146;s Annual Report on
        Form 20-F for the fiscal year ended December 31, 2009 filed with the
        Commission on April 1, 2010, including any amendment or report filed for
        the purposes of updating such description. </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%">In addition, unless otherwise stated herein, all documents
  subsequently filed with the Commission by the Registrant pursuant to Sections
  13(a), 13(c), 14 or 15(d) of the Exchange Act (except for certifications
  pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the
  Sarbanes-Oxley Act of 2002) and to the extent, if at all, designated therein,
  certain reports on Form 6-K furnished by the Registrant prior to the filing of a
  post-effective amendment to this registration statement which indicates that all
  securities offered hereby have been sold or which deregisters all securities
  then remaining unsold, shall be deemed to be incorporated by reference in this
  registration statement and to be a part hereof from the date of filing of such
  documents. Any statement contained in a document incorporated or deemed to be
  incorporated by reference in this document will be deemed to be modified or
  superseded for purposes of this registration statement to the extent that a
  statement contained in this document or in any other subsequently filed document
  which also is or is deemed to be incorporated by reference in this document
  modifies or supersedes such statement. Any such statement so modified or
  superseded will not be deemed, except as so modified or superseded, to
  constitute a part of this registration statement. </P>
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    <TR vAlign=top>
      <TD align=left nowrap width="10%" ><B>Item 4.</B> </TD>
      <TD align=left width="95%"><B>Description of Securities.</B> </TD></TR>
    <TR>
      <TD align=left nowrap width="10%" >&nbsp;</TD>
      <TD align=left width="95%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left nowrap width="10%" >&nbsp; </TD>
      <TD align=left width="95%">Not applicable. </TD></TR>
    <TR>
      <TD align=left nowrap width="10%" >&nbsp;</TD>
      <TD align=left width="95%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left nowrap width="10%" ><B>Item 5.</B> </TD>
      <TD align=left width="95%"><B>Interests of Named Experts and Counsel.</B>
      </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%">Graham Scott is a principal of the law firm of Vector Corporate
  Finance Lawyers which is counsel for the Registrant and has given an opinion
  upon the validity of the securities being registered or upon other legal matters
  in connection with this registration statement. Mr. Scott is the Corporate
  Secretary of the Registrant. </P>
  <P align=center><B>II-1 </B></P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_4></A><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left width="10%"  ><STRONG>Item
      6.&nbsp;</STRONG>&nbsp;</TD>
      <TD align=left width="95%"><B>Indemnification of Directors and
        Officers.</B> </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%"><I><U>Business Corporations Act </U></I><U>(British
  Columbia)</U>. Under the corporate statutes of the Registrant&#146;s jurisdiction of
  organization, a company may indemnify a current or former officer or director
  against any judgment, penalty or fine awarded or imposed in connection with, or
  amount paid in settlement of, any current, threatened, pending or completed
  legal proceeding or investigative action in respect of which such officer or
  director is a party or may be liable for a judgment penalty, fine or expenses by
  reason of such individual having been an officer or director. </P>
  <P align=justify style="text-indent: 5%">In addition, a company may pay all expenses incurred by an
  officer or director actually and reasonably incurred in connection with such a
  proceeding after the final disposition of such proceeding and must pay all
  expenses reasonably incurred if the officer or director is substantially
  successful on the merits in the outcome of the proceeding or wholly successful
  on the merits or otherwise. Notwithstanding the foregoing, a company must not
  indemnify a current or former officer or director if, among other things, such
  individual did not act honestly and in good faith with a view to the best
  interests of the company or if the individual did not have reasonable grounds
  for believing that his conduct in respect of which the proceeding was brought
  was lawful. Further, a company cannot indemnify or cover the expenses of any
  officer or director in respect of any proceeding brought by or on behalf of the
  company or an associated corporation. The Supreme Court of British Columbia may
  on the application of a corporation or individual seeking indemnification, order
  indemnification of any liability or expense incurred by such individual in
  respect of any proceeding described above. </P>
  <P align=justify style="text-indent: 5%"><U>Articles</U>. Under its Articles, the Registrant must
  indemnify, subject to the provisions of the <I>Business Corporations Act
  </I>(British Columbia), a director, former director, alternate director or
  senior officer of the Registrant and his heirs, and legal representatives
  against all judgments, penalties or fines awarded or imposed in, or amounts paid
  in settlement of, a legal proceeding or investigative action, whether current,
  threatened, pending or completed, by such director or officer, and upon the
  final disposition of such proceedings, the Registrant must pay the expenses
  actually and reasonably incurred by such director or officer in respect of the
  proceeding. </P>
  <P align=justify style="text-indent: 5%">The Registrant maintains a directors and officers liability
  insurance policy, which insures directors and officers of the Registrant for
  losses as a result of claims against them in their capacities as directors and
  officers of the Registrant and also reimburses the Registrant for payments made
  pursuant to the indemnity provisions of the Registrant&#146;s Articles and the
  <I>Business Corporations Act </I>(British Columbia).</P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left nowrap width="10%"  ><STRONG>Item 7. </STRONG></TD>
      <TD align=left width="95%"><B>Exemption from Registration Claimed.</B>
    </TD></TR></TABLE>
  <P align=justify style="text-indent: 5%">Not Applicable. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left nowrap width="10%"  ><STRONG>Item 8. </STRONG></TD>
      <TD align=left width="95%"><B>Exhibits.</B> </TD></TR></TABLE><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=center ><B><U>Exhibit Number</U></B> </TD>
      <TD align=left width="2%"  >&nbsp;</TD>
      <TD align=left width="84%"><B><U>Exhibit</U></B> </TD></TR>
    <TR>
      <TD align=center bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="2%" bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="84%" bgcolor="#EEEEEE" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center bgColor=#eeeeee ><a href="exhibit4-1.htm">4.1</a> </TD>
      <TD align=left width="2%"  bgColor=#eeeeee
      >&nbsp;</TD>
      <TD align=left width="84%" bgColor=#eeeeee><a href="exhibit4-1.htm">Yukon-Nevada Gold Corp.
        Incentive Stock Option Plan, as amended </a> </TD></TR>
    <TR>
      <TD align=center >&nbsp;</TD>
      <TD align=left width="2%" >&nbsp;</TD>
      <TD align=left width="84%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center ><a href="exhibit5-1.htm">5.1</a> </TD>
      <TD align=left width="2%"
      >&nbsp;</TD>
      <TD align=left width="84%"><a href="exhibit5-1.htm">Opinion of Vector Corporate
        Finance Lawyers</a> </TD></TR>
    <TR>
      <TD align=center bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="2%" bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="84%" bgcolor="#EEEEEE" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center bgColor=#EEEEEE ><a href="exhibit23-1.htm">23.1</a> </TD>
      <TD align=left width="2%"  bgColor=#EEEEEE
      >&nbsp;</TD>
      <TD align=left width="84%" bgColor=#EEEEEE><a href="exhibit23-1.htm">Consent of KPMG LLP</a> </TD></TR>
    <TR>
      <TD align=center >&nbsp;</TD>
      <TD align=left width="2%" >&nbsp;</TD>
      <TD align=left width="84%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center ><a href="exhibit5-1.htm">23.2</a> </TD>
      <TD align=left width="2%"
      >&nbsp;</TD>
      <TD align=left width="84%"><a href="exhibit5-1.htm">Consent of Vector Corporate
        Finance Lawyers (included in Exhibit 5.1)</a> </TD></TR>
    <TR>
      <TD align=center bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="2%" bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="84%" bgcolor="#EEEEEE" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center bgColor=#EEEEEE >24.1 </TD>
      <TD align=left width="2%"  bgColor=#EEEEEE
      >&nbsp;</TD>
      <TD align=left width="84%" bgColor=#EEEEEE>Powers of Attorney (included on
        the Signatures page) </TD></TR></TABLE><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left nowrap width="10%"  ><STRONG>Item 9.</STRONG></TD>
      <TD align=left width="95%"><B>&nbsp;Undertakings.</B>
  </TD></TR></TABLE><BR>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>
  
    <TR>
      <TD width="5%"  >&nbsp;</TD>
      <TD vAlign=top width="5%">(a) </TD>
      <TD>The undersigned Registrant hereby undertakes: </TD></TR></TABLE>
  <P align=justify style="text-indent: 10%">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are
  being made, a post-effective amendment to this registration statement: </P>
  <p style="text-indent: 15%">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any prospectus required by Section 10(a)(3) of the
        Securities Act; </p>
  <P align=center><B>&nbsp;II-2 </B></P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <!--$$/page=--><A name=page_5></A>
  <P align=justify style="text-indent: 15%">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To reflect in the prospectus any facts or events arising after
  the effective date of the registration statement (or the most recent
  post-effective amendment thereof) which, individually or in the aggregate,
  represent a fundamental change in the information set forth in the registration
  statement. Notwithstanding the foregoing, any increase or decrease in the volume
  of securities offered (if the total dollar value of securities offered would not
  exceed that which was registered) and any deviation from the low or high end of
  the estimated maximum offering range may be reflected in the form of prospectus
  filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
  changes in the volume and price represent no more than a 20% change in the
  maximum aggregate offering price set forth in the &#147;Calculation of Registration
  Fee&#148; table in the effective registration statement; and </P>
  <P align=justify style="text-indent: 15%">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any material information with respect to the plan of
  distribution not previously disclosed in the registration statement or any
  material change to such information in the registration statement;</P>
  <P align=justify style="text-indent: 10%"><I>provided, however,</I> that paragraphs (a)(1)(i) and
  (a)(1)(ii) do not apply if the information required to be included in a
  post-effective amendment by those paragraphs is contained in periodic reports
  filed with or furnished to the Commission by the Registrant pursuant to Section
  13 or Section 15(d) of the Exchange Act that are incorporated by reference in
  this registration statement. </P>
  <P align=justify style="text-indent: 10%">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new
  registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  <I>bona fide </I>offering thereof. </P>
  <P align=justify style="text-indent: 10%">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To remove from registration by means of a post-effective
  amendment any of the securities being registered which remain unsold at the
  termination of the offering. </P>
  <P align=justify style="text-indent: 5%">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned Registrant hereby undertakes that, for purposes
  of determining any liability under the Securities Act, each filing of the
  Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the
  Exchange Act, (and, where applicable, each filing of an employee benefit plan&#146;s
  annual report pursuant to Section 15(d) of the Exchange Act) that is
  incorporated by reference in the registration statement shall be deemed to be a
  new registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  <I>bona fide </I>offering thereof. </P>
  <P align=justify style="text-indent: 5%">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the
  Securities Act may be permitted to directors, officers and controlling persons
  of the Registrant pursuant to the foregoing provisions, or otherwise, the
  Registrant has been advised that in the opinion of the Commission such
  indemnification is against public policy as expressed in the Securities Act and
  is, therefore, unenforceable. In the event that a claim for indemnification
  against such liabilities (other than the payment by the Registrant of expenses
  incurred or paid by a director, officer or controlling person of the Registrant
  in the successful defense of any action, suit or proceeding) is asserted by such
  director, officer or controlling person in connection with the securities being
  registered, the Registrant will, unless in the opinion of its counsel the matter
  has been settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question of whether such indemnification by it is against
  public policy as expressed in the Securities Act and will be governed by the
  final adjudication of such issue. </P>
  <P align=center><B>II-3 </B><BR></P>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <A name=page_6></A>
  <P align=center><B><FONT size=3>SIGNATURES</FONT></B></P>
  <P align=left><U>The Registrant</U>. Pursuant to the requirements of the
  Securities Act, the Registrant certifies that it has reasonable grounds to
  believe that it meets all of the requirements for filing on Form S-8 and has
  duly caused this registration statement or amendment to be signed on its behalf
  by the undersigned, thereunto duly authorized, in Vancouver, British Columbia,
  on January 19, 2011. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="50%" colSpan=3>YUKON-NEVADA GOLD CORP. </TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="20%" colSpan=2>(Registrant) </TD>
      <TD align=left width="30%">&nbsp;</TD></TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD width="20%" colSpan=2>&nbsp; </TD>
      <TD width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">By:&nbsp; </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="15%">/s/
        Shaun Heinrichs&nbsp;&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%"></TD>
      <TD align=left width="15%">Shaun Heinrichs&nbsp;&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%"></TD>
      <TD align=left width="15%">Chief Financial Officer&nbsp;&nbsp;</TD>
      <TD align=left width="30%">&nbsp;</TD></TR></TABLE>
  <P align=center><B><font size="3">POWERS OF ATTORNEY </font> </B></P>
  <P align=justify>Each person whose signature appears below constitutes and
  appoints each of Robert F. Baldock and Shaun Heinrichs with full power to act
  without the other, his true and lawful attorneys-in-fact and agents, with full
  and several power of substitution, for him and in his name, place and stead, in
  any and all capacities, to sign any or all amendments, including post-effective
  amendments to the registration statement, new registration statements pursuant
  to General Instruction E of Form S-8 pertaining to the registration of
  additional securities and post-effective amendments thereto, and any and all
  other documents in connection therewith to be filed with the Securities and
  Exchange Commission granting unto said attorneys-in-fact and agents full power
  and authority to do and perform each and every act and thing requisite and
  necessary to be done in and about the premises, as fully to all intents and
  purposes as they or he might or could do in person, hereby ratifying and
  confirming all that said attorneys-in-fact and agents as his or their substitute
  or substitutes, may lawfully do or cause to be done by virtue hereof.</P>
  <P align=justify>Pursuant to the requirements of the Securities Act, this
  registration statement has been signed by the following persons in the
  capacities and on the date indicated. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left><B><U>Signatures </U></B></TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%"><B><U>Title </U></B></TD>
      <TD align=left width="34%"><B><U>Date </U></B></TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Robert F.
        Baldock </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">President, Chief Executive Officer and Director
      </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Robert F. Baldock </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">(principal executive officer) </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Shaun
        Heinrichs </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Chief Financial Officer </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Shaun Heinrichs </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">(principal financial and accounting officer)
  </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Graham C.
        Dickson </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Graham C. Dickson </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Gerald Ruth
  </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Gerald Ruth </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Jay Schnyder
      </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Jay Schnyder </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Jean-Edgar de
        Trentinian<U> </U></TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Jean-Edgar de Trentinian </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ John
        Greenslade </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>John Greenslade </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Pierre
        Besuchet </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Pierre Besuchet </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Simon
        Solomonidis </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD align=left>Simon Solomonidis </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp; </TD>
      <TD align=left width="34%">&nbsp; </TD></TR>
    <TR>
      <TD align=left>&nbsp;</TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>/s/ Fran&#231;ois
        Marland </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">Director </TD>
      <TD align=left width="34%">January 12, 2011 </TD></TR>
    <TR vAlign=top>
      <TD style="BORDER-BOTTOM: medium none #000000; " align=left>Fran&#231;ois Marland </TD>
      <TD align=left width="5%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD>
      <TD align=left width="34%">&nbsp;</TD></TR></TABLE><BR>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <A name=page_7></A>
  <P align=center><B><FONT size=3>AUTHORIZED REPRESENTATIVE </FONT></B></P>
  <P align=justify style="text-indent: 5%">Pursuant to the requirements of Section 6(a) of the Securities
  Act, the undersigned has signed this registration statement solely in the
  capacity of the duly authorized representative of Yukon-Nevada Gold Corp. in the
  United States on January 19, 2011. </P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="5%" >By: </TD>
      <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="20%"
      >/s/ Guy Simpson</TD>
      <TD align=left width="25%"  >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="5%" ></TD>
      <TD align=left width="20%" >Guy Simpson</TD>
      <TD align=left width="25%"  >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=left  >&nbsp;</TD>
      <TD align=left width="5%"
        >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
      <TD align=left width="20%" >General Manager</TD>
      <TD align=left width="25%"
  >&nbsp;</TD></TR></TABLE><BR>
  <HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
  noShade SIZE=5>
  <A name=page_8></A>
  <P align=center><B><FONT size=3>EXHIBIT INDEX </FONT></B></P>
  <TABLE
  style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
  cellSpacing=0 cellPadding=0 width="100%" border=0>
  
    <TR vAlign=top>
      <TD align=center ><B><U>Exhibit Number</U></B> </TD>
      <TD align=left width="2%"  >&nbsp;</TD>
      <TD align=left width="84%"><B><U>Exhibit</U></B> </TD></TR>
    <TR>
      <TD align=center bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="2%" bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="84%" bgcolor="#EEEEEE" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center bgColor=#eeeeee ><a href="exhibit4-1.htm">4.1</a> </TD>
      <TD align=left width="2%"  bgColor=#eeeeee
      >&nbsp;</TD>
      <TD align=left width="84%" bgColor=#eeeeee><a href="exhibit4-1.htm">Yukon-Nevada Gold Corp.
        Incentive Stock Option Plan, as amended </a> </TD></TR>
    <TR>
      <TD align=center >&nbsp;</TD>
      <TD align=left width="2%" >&nbsp;</TD>
      <TD align=left width="84%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center ><a href="exhibit5-1.htm">5.1</a> </TD>
      <TD align=left width="2%"
      >&nbsp;</TD>
      <TD align=left width="84%"><a href="exhibit5-1.htm">Opinion of Vector Corporate
        Finance Lawyers</a> </TD></TR>
    <TR>
      <TD align=center bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="2%" bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="84%" bgcolor="#EEEEEE" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center bgColor=#EEEEEE ><a href="exhibit23-1.htm">23.1</a> </TD>
      <TD align=left width="2%"  bgColor=#EEEEEE
      >&nbsp;</TD>
      <TD align=left width="84%" bgColor=#EEEEEE><a href="exhibit23-1.htm">Consent of KPMG LLP</a> </TD></TR>
    <TR>
      <TD align=center >&nbsp;</TD>
      <TD align=left width="2%" >&nbsp;</TD>
      <TD align=left width="84%" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center ><a href="exhibit5-1.htm">23.2</a> </TD>
      <TD align=left width="2%"
      >&nbsp;</TD>
      <TD align=left width="84%"><a href="exhibit5-1.htm">Consent of Vector Corporate
        Finance Lawyers (included in Exhibit 5.1)</a> </TD></TR>
    <TR>
      <TD align=center bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="2%" bgcolor="#EEEEEE" >&nbsp;</TD>
      <TD align=left width="84%" bgcolor="#EEEEEE" >&nbsp;</TD></TR>
    <TR vAlign=top>
      <TD align=center bgColor=#EEEEEE >24.1 </TD>
      <TD align=left width="2%"  bgColor=#EEEEEE
      >&nbsp;</TD>
      <TD align=left width="84%" bgColor=#EEEEEE>Powers of Attorney (included on
        the Signatures page) </TD></TR></TABLE><BR>
  
  <HR noshade align="center" width="100%" size=5 color="black">
  
  
  </BODY>
  
  </HTML>
metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "form-s8.htm", "description": "S-8", "secsgml_size_bytes": 48200}]
metadata_filer: {"company-data": {"conformed-name": "Yukon-Nevada Gold Corp.", "cik": "0001286799", "assigned-sic": "1040", "irs-number": "000000000", "state-of-incorporation": "A1", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-171775", "film-number": "11536663"}, "business-address": {"street1": "SUITE 900", "street2": "688 WEST HASTINGS STREET", "city": "VANCOUVER", "state": "A1", "zip": "V6B 1P1", "phone": "604-688-9427"}, "mail-address": {"street1": "SUITE 900", "street2": "688 WEST HASTINGS STREET", "city": "VANCOUVER", "state": "A1", "zip": "V6B 1P1"}, "former-company": {"former-conformed-name": "YGC RESOURCES LTD", "date-changed": "20040412"}}
text: Yukon-Nevada Gold Corp.: Form S-8 - Filed by newsfilecorp.com
  As
      filed with the Securities and Exchange Commission on January  20, 2011
  Registration No. 333-
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C.
  20549
  FORM S-8
  REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
  YUKON-NEVADA GOLD CORP.
  (Exact
  name of registrant as specified in its charter)
  British Columbia, Canada
  Not Applicable
  (State or other jurisdiction of incorporation
  (I.R.S. Employer Identification No.)
  or organization)
  688 West Hastings Street, Suite 490
  Vancouver,
  British Columbia V6B 1P1
  (Address of Principal Executive
  Offices) (Zip Code)
  Yukon-Nevada Gold Corp.
  Incentive Stock Option
  Plan
  (Full title of the plan)
  Thomas M. Rose
  Troutman Sanders LLP
  222
  Central Park Avenue, Suite 2000
  Virginia Beach, Virginia
  23462
  (Name and address of agent for service)
  (757) 687-7715
  (Telephone number,
  including area code, of agent for service)
  Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
  reporting company. See the definitions of "large accelerated filer,"
  "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
  Exchange Act.
  Large accelerated filer [  ]
  Accelerated filer [X]
  Non-accelerated filer [  ] (Do not check if a smaller
        reporting company)
  Smaller reporting company [  ]
  CALCULATION OF REGISTRATION FEE
  Title of securities
  to be registered (1)
  Amount to be
  registered (2)
  Proposed
  maximum offering
  price per
        share
  Proposed
  maximum
  aggregate
  offering
  price
  Amount of
  registration fee
  Common shares subject to outstanding options
  53,436,500 shares
  $
  0.37 (3)(4)
  $
  19,771,505.00
  $
  2,295.47
  Common shares not subject to outstanding options
  11,360,125 shares
  $
  0.69(4)(5)
  $
  7,838,486.25
  $
  910.05
  Total
  64,796,625 shares
  $
  27,609,991.25
  $
  3,205.52
  (1)
  Common shares, no par value, offered by Yukon-Nevada Gold Corp. (the
        "
  Registrant
  ") pursuant to its Incentive Stock Option Plan, as
        amended (the "
  Plan
  ").
  (2)
  Pursuant to Rule 416(a) under the Securities Act of 1933, as amended
        (the "
  Securities Act
  "), this registration statement also covers an
        indeterminate number of additional shares that may be offered and issued
        to prevent dilution resulting from stock splits, stock dividends or
        similar transactions as provided in the Plan.
  (3)
  Based on the weighted average exercise price of options granted under
        the Plan outstanding as of January  18, 2011.
  (4)
  U.S. dollar amounts are calculated based on the Bank of Canada noon
        rate of exchange reported on January 18, 2011, which was
        Cdn$1.00=US$1.0090.
  (5)
  Calculated in accordance with Rule 457(c) and (h) based on the average
        of the high and low prices for the Registrant's common shares reported on
        the Toronto Stock Exchange on January 18, 2011, which was $0.69 per share.
  PART I.
  INFORMATION REQUIRED IN THE SECTION 10(a)
        PROSPECTUS
  Item 1.
  Plan Information.*
  Item 2.
  Registrant Information and Employee Plan
        Annual Information.*
  *
  The information required by Part I to be contained in
  the Section 10(a) prospectus is omitted from this registration statement in
  accordance with the Note to Part I of Form S-8 and Rule 428.
  PART II.
  INFORMATION REQUIRED IN THE REGISTRATION
        STATEMENT
  Item
      3.
  Incorporation of Documents by
        Reference.
  The following documents, which have been filed with the United
  States Securities and Exchange Commission (the "
  Commission
  "), are
  incorporated herein by reference:
  (a)
  The Registrant's Annual Report on Form 20-F for the fiscal year ended
        December 31, 2009 filed with the Commission on April 1, 2010 (File No.
        000-52699).
  (b)
  All other reports filed pursuant to Section 13(a) or 15(d) of the
        Securities Exchange Act of 1934, as amended (the "Exchange Act"), since
        the end of the fiscal year covered by the Annual Report on Form 20-F filed
        with the Commission on April 1, 2010 incorporated by reference herein
        pursuant to (a) above.
  (c)
  The description of the Registrant's common shares contained in (i) the
        Registrant's Amendment No. 1 to Current Report on Form 8-K filed with the
        Commission on January 20, 2011 and (ii) the sections captioned "Item 10 –
        Additional Information – Exchange Controls" and "Item 10 – Additional
        Information – Taxation" contained in the Registrant's Annual Report on
        Form 20-F for the fiscal year ended December 31, 2009 filed with the
        Commission on April 1, 2010, including any amendment or report filed for
        the purposes of updating such description.
  In addition, unless otherwise stated herein, all documents
  subsequently filed with the Commission by the Registrant pursuant to Sections
  13(a), 13(c), 14 or 15(d) of the Exchange Act (except for certifications
  pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the
  Sarbanes-Oxley Act of 2002) and to the extent, if at all, designated therein,
  certain reports on Form 6-K furnished by the Registrant prior to the filing of a
  post-effective amendment to this registration statement which indicates that all
  securities offered hereby have been sold or which deregisters all securities
  then remaining unsold, shall be deemed to be incorporated by reference in this
  registration statement and to be a part hereof from the date of filing of such
  documents. Any statement contained in a document incorporated or deemed to be
  incorporated by reference in this document will be deemed to be modified or
  superseded for purposes of this registration statement to the extent that a
  statement contained in this document or in any other subsequently filed document
  which also is or is deemed to be incorporated by reference in this document
  modifies or supersedes such statement. Any such statement so modified or
  superseded will not be deemed, except as so modified or superseded, to
  constitute a part of this registration statement.
  Item 4.
  Description of Securities.
  Not applicable.
  Item 5.
  Interests of Named Experts and Counsel.
  Graham Scott is a principal of the law firm of Vector Corporate
  Finance Lawyers which is counsel for the Registrant and has given an opinion
  upon the validity of the securities being registered or upon other legal matters
  in connection with this registration statement. Mr. Scott is the Corporate
  Secretary of the Registrant.
  II-1
  Item
      6.
  Indemnification of Directors and
        Officers.
  Business Corporations Act
  (British
  Columbia)
  . Under the corporate statutes of the Registrant's jurisdiction of
  organization, a company may indemnify a current or former officer or director
  against any judgment, penalty or fine awarded or imposed in connection with, or
  amount paid in settlement of, any current, threatened, pending or completed
  legal proceeding or investigative action in respect of which such officer or
  director is a party or may be liable for a judgment penalty, fine or expenses by
  reason of such individual having been an officer or director.
  In addition, a company may pay all expenses incurred by an
  officer or director actually and reasonably incurred in connection with such a
  proceeding after the final disposition of such proceeding and must pay all
  expenses reasonably incurred if the officer or director is substantially
  successful on the merits in the outcome of the proceeding or wholly successful
  on the merits or otherwise. Notwithstanding the foregoing, a company must not
  indemnify a current or former officer or director if, among other things, such
  individual did not act honestly and in good faith with a view to the best
  interests of the company or if the individual did not have reasonable grounds
  for believing that his conduct in respect of which the proceeding was brought
  was lawful. Further, a company cannot indemnify or cover the expenses of any
  officer or director in respect of any proceeding brought by or on behalf of the
  company or an associated corporation. The Supreme Court of British Columbia may
  on the application of a corporation or individual seeking indemnification, order
  indemnification of any liability or expense incurred by such individual in
  respect of any proceeding described above.
  Articles
  . Under its Articles, the Registrant must
  indemnify, subject to the provisions of the
  Business Corporations Act
  (British Columbia), a director, former director, alternate director or
  senior officer of the Registrant and his heirs, and legal representatives
  against all judgments, penalties or fines awarded or imposed in, or amounts paid
  in settlement of, a legal proceeding or investigative action, whether current,
  threatened, pending or completed, by such director or officer, and upon the
  final disposition of such proceedings, the Registrant must pay the expenses
  actually and reasonably incurred by such director or officer in respect of the
  proceeding.
  The Registrant maintains a directors and officers liability
  insurance policy, which insures directors and officers of the Registrant for
  losses as a result of claims against them in their capacities as directors and
  officers of the Registrant and also reimburses the Registrant for payments made
  pursuant to the indemnity provisions of the Registrant's Articles and the
  Business Corporations Act
  (British Columbia).
  Item 7.
  Exemption from Registration Claimed.
  Not Applicable.
  Item 8.
  Exhibits.
  Exhibit Number
  Exhibit
  4.1
  Yukon-Nevada Gold Corp.
        Incentive Stock Option Plan, as amended
  5.1
  Opinion of Vector Corporate
        Finance Lawyers
  23.1
  Consent of KPMG LLP
  23.2
  Consent of Vector Corporate
        Finance Lawyers (included in Exhibit 5.1)
  24.1
  Powers of Attorney (included on
        the Signatures page)
  Item 9.
  Undertakings.
  (a)
  The undersigned Registrant hereby undertakes:
  (1)           To file, during any period in which offers or sales are
  being made, a post-effective amendment to this registration statement:
  (i)           To include any prospectus required by Section 10(a)(3) of the
        Securities Act;
  II-2
  (ii)          To reflect in the prospectus any facts or events arising after
  the effective date of the registration statement (or the most recent
  post-effective amendment thereof) which, individually or in the aggregate,
  represent a fundamental change in the information set forth in the registration
  statement. Notwithstanding the foregoing, any increase or decrease in the volume
  of securities offered (if the total dollar value of securities offered would not
  exceed that which was registered) and any deviation from the low or high end of
  the estimated maximum offering range may be reflected in the form of prospectus
  filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
  changes in the volume and price represent no more than a 20% change in the
  maximum aggregate offering price set forth in the "Calculation of Registration
  Fee" table in the effective registration statement; and
  (iii)          To include any material information with respect to the plan of
  distribution not previously disclosed in the registration statement or any
  material change to such information in the registration statement;
  provided, however,
  that paragraphs (a)(1)(i) and
  (a)(1)(ii) do not apply if the information required to be included in a
  post-effective amendment by those paragraphs is contained in periodic reports
  filed with or furnished to the Commission by the Registrant pursuant to Section
  13 or Section 15(d) of the Exchange Act that are incorporated by reference in
  this registration statement.
  (2)          That for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new
  registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  bona fide
  offering thereof.
  (3)          To remove from registration by means of a post-effective
  amendment any of the securities being registered which remain unsold at the
  termination of the offering.
  (b)          The undersigned Registrant hereby undertakes that, for purposes
  of determining any liability under the Securities Act, each filing of the
  Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
  Exchange Act, (and, where applicable, each filing of an employee benefit plan's
  annual report pursuant to Section 15(d) of the Exchange Act) that is
  incorporated by reference in the registration statement shall be deemed to be a
  new registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  bona fide
  offering thereof.
  (h)          Insofar as indemnification for liabilities arising under the
  Securities Act may be permitted to directors, officers and controlling persons
  of the Registrant pursuant to the foregoing provisions, or otherwise, the
  Registrant has been advised that in the opinion of the Commission such
  indemnification is against public policy as expressed in the Securities Act and
  is, therefore, unenforceable. In the event that a claim for indemnification
  against such liabilities (other than the payment by the Registrant of expenses
  incurred or paid by a director, officer or controlling person of the Registrant
  in the successful defense of any action, suit or proceeding) is asserted by such
  director, officer or controlling person in connection with the securities being
  registered, the Registrant will, unless in the opinion of its counsel the matter
  has been settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question of whether such indemnification by it is against
  public policy as expressed in the Securities Act and will be governed by the
  final adjudication of such issue.
  II-3
  SIGNATURES
  The Registrant
  . Pursuant to the requirements of the
  Securities Act, the Registrant certifies that it has reasonable grounds to
  believe that it meets all of the requirements for filing on Form S-8 and has
  duly caused this registration statement or amendment to be signed on its behalf
  by the undersigned, thereunto duly authorized, in Vancouver, British Columbia,
  on January 19, 2011.
  YUKON-NEVADA GOLD CORP.
  (Registrant)
  By:
  /s/
        Shaun Heinrichs
  Shaun Heinrichs
  Chief Financial Officer
  POWERS OF ATTORNEY
  Each person whose signature appears below constitutes and
  appoints each of Robert F. Baldock and Shaun Heinrichs with full power to act
  without the other, his true and lawful attorneys-in-fact and agents, with full
  and several power of substitution, for him and in his name, place and stead, in
  any and all capacities, to sign any or all amendments, including post-effective
  amendments to the registration statement, new registration statements pursuant
  to General Instruction E of Form S-8 pertaining to the registration of
  additional securities and post-effective amendments thereto, and any and all
  other documents in connection therewith to be filed with the Securities and
  Exchange Commission granting unto said attorneys-in-fact and agents full power
  and authority to do and perform each and every act and thing requisite and
  necessary to be done in and about the premises, as fully to all intents and
  purposes as they or he might or could do in person, hereby ratifying and
  confirming all that said attorneys-in-fact and agents as his or their substitute
  or substitutes, may lawfully do or cause to be done by virtue hereof.
  Pursuant to the requirements of the Securities Act, this
  registration statement has been signed by the following persons in the
  capacities and on the date indicated.
  Signatures
  Title
  Date
  /s/ Robert F.
        Baldock
  President, Chief Executive Officer and Director
  January 12, 2011
  Robert F. Baldock
  (principal executive officer)
  /s/ Shaun
        Heinrichs
  Chief Financial Officer
  January 12, 2011
  Shaun Heinrichs
  (principal financial and accounting officer)
  /s/ Graham C.
        Dickson
  Director
  January 12, 2011
  Graham C. Dickson
  /s/ Gerald Ruth
  Director
  January 12, 2011
  Gerald Ruth
  /s/ Jay Schnyder
  Director
  January 12, 2011
  Jay Schnyder
  /s/ Jean-Edgar de
        Trentinian
  Director
  January 12, 2011
  Jean-Edgar de Trentinian
  /s/ John
        Greenslade
  Director
  January 12, 2011
  John Greenslade
  /s/ Pierre
        Besuchet
  Director
  January 12, 2011
  Pierre Besuchet
  /s/ Simon
        Solomonidis
  Director
  January 12, 2011
  Simon Solomonidis
  /s/ François
        Marland
  Director
  January 12, 2011
  François Marland
  AUTHORIZED REPRESENTATIVE
  Pursuant to the requirements of Section 6(a) of the Securities
  Act, the undersigned has signed this registration statement solely in the
  capacity of the duly authorized representative of Yukon-Nevada Gold Corp. in the
  United States on January 19, 2011.
  By:
  /s/ Guy Simpson
  Guy Simpson
  General Manager
  EXHIBIT INDEX
  Exhibit Number
  Exhibit
  4.1
  Yukon-Nevada Gold Corp.
        Incentive Stock Option Plan, as amended
  5.1
  Opinion of Vector Corporate
        Finance Lawyers
  23.1
  Consent of KPMG LLP
  23.2
  Consent of Vector Corporate
        Finance Lawyers (included in Exhibit 5.1)
  24.1
  Powers of Attorney (included on
        the Signatures page)