Queenstake Resources Ltd. WKN 924 828 ISIN CA7483141015 QRL

    die Börse is not amused

    gogh



    Source: Queenstake Resources Ltd.



    Queenstake and YGC to Merge
    ========================
    Monday February 5, 10:49 am ET



    DENVER and VANCOUVER, British Columbia, Feb. 5 /CNW/ -- Queenstake Resources Ltd. ("Queenstake") (Amex: QEE - News; TSX: QRL - News) and YGC Resources Ltd. ("YGC") (TSX: YGC; F: ZH6) are pleased to announce that they have agreed to combine the two companies to create a new publicly traded company ("Newco"). The business combination is proposed to be structured as a plan of arrangement, but other structures are being considered. Under the agreed upon terms, shareholders of YGC will receive one common share of Newco for each share of YGC held, and shareholders of Queenstake will receive one common share of Newco for each ten shares of Queenstake held. Outstanding warrants and options in each company will be exchanged on the basis of the same ratio.
    ADVERTISEMENT


    The proposed transaction will combine Queenstake's and YGC's mineral property interests throughout North America to create operating efficiency with emphasis on production from the Jerritt Canyon Gold Mine in Nevada, and the advancement towards production of the Ketza River gold property in the Yukon.

    der Queenstake Kurs wurde nach der

    merger Ankündigung über Wochen stark zusammengefaltet.


    Dabei scheint der Zusammenschluss tatsächlich

    Synergien freizusetzen.


    gogh
    22.03.2007




    Queenstake and YGC Execute Definitive Combination Agreement


    DENVER and VANCOUVER, March 22 /CNW/ -


    Queenstake Resources Ltd.
    ("Queenstake") (TSX: QRL; AMEX: QEE)


    and


    YGC Resources Ltd. ("YGC") (TSX: YGC)
    are pleased to announce that further to their joint news release dated
    February 5, 2007, the two companies have satisfactorily completed their mutual
    due diligence reviews, and have executed a comprehensive Combination Agreement
    to combine their businesses under the name "Yukon-Nevada Gold Corp."
    ("Yukon-Nevada"). Following a thorough review of the available alternatives by
    the respective boards of directors, the transaction has been structured, by
    way of a plan of arrangement, as an acquisition by YGC of all of the
    outstanding shares and other securities of Queenstake, on the basis of one
    common share of YGC for each ten outstanding common shares of Queenstake.
    The respective Boards of Directors of Queenstake and YGC have unanimously
    approved the Combination Agreement, agreed to recommend the plan of
    arrangement to their shareholders and agreed not to solicit and not to support
    competing transactions, except as required to meet fiduciary obligations. A
    break fee equal to 5% of the non-completing company's market value will be
    payable in certain circumstances.
    Subject to shareholder approval of the transaction, the Board of
    Directors of Yukon-Nevada will comprise all of the current members of the
    Board of Directors of YGC, Dorian Nicol and Peter Bojtos. The two current
    Boards have agreed that the President and CEO of Yukon-Nevada will be
    Graham C. Dickson and that the Executive Vice President of Exploration will be
    Dorian ("Dusty") Nicol.
    Completion of the business combination is subject to the satisfaction of
    a number of conditions precedent, including a significant financing to be
    completed by YGC for the benefit of Yukon-Nevada, shareholder and Court
    approvals and regulatory acceptance. The two companies will schedule their
    shareholder meetings, to consider and vote on the proposed combination, for
    May 18, 2007.
    The transaction will combine Queenstake's and YGC's mineral property
    interests throughout North America to create operating efficiencies with
    particular emphasis on the Jerritt Canyon Mine in Nevada, and the development
    to production of the Ketza River gold property in the Yukon. The business
    combination will yield benefits to the shareholders of Yukon-Nevada by
    providing a greater asset base and capitalization, reducing overhead and
    creating a broader share trading market with the potential for greater
    liquidity.


    %SEDAR: 00004098E

    QRL vor merger


    Reserven und Resourcen per 31.12.06
    ==============================


    gogh
    30.03.07




    Queenstake Reports 1.9 Million Gold Ounces in Measured & Indicated Resources


    DENVER, March 30 /CNW/ -- Queenstake Resources Ltd. (TSX: QRL; Amex: QEE)


    reported that estimated measured and indicated resources(1),(2), including
    reserves, totaled 1.9 million ounces of gold contained in 8.2 million tons
    grading 0.23 ounce of gold per ton (opt) at year-end 2006. Proven and
    probable reserves of gold totaled 485,700 ounces contained in 2.0 million tons
    at a grade of 0.25 opt at year-end 2006, using a three-year average gold price
    of $485 per ounce.
    For year-end 2005, measured and indicated resources were 8.8 million tons
    grading 0.24 opt totaling 2.1 million contained ounces while proven and
    probable reserves were 3.7 million tons at a grade of 0.24 opt for 877,900
    contained ounces.
    The reduction in reserves in 2006 was primarily due to higher mining unit
    costs, resulting in an increase in cutoff grade, some remnant ounces condemned
    with the shutdown of the Murray Mine and elimination from reserves of ounces
    below the water table at the Smith Mine. Measured and indicated resources
    were slightly lower, due to the above factors as well as depletion from
    production at the SSX-Steer Complex and Smith Mine during the year.
    In addition, inferred resources of 2.4 million tons at 0.23 opt totaled
    545,200 contained ounces at year-end 2006, compared to 2.6 million tons at
    0.23 opt for 605,600 contained ounces a year ago. Queenstake's proven and
    probable reserves, and measured, indicated and inferred resources were audited
    and verified by SRK Consulting (U.S.), Inc.(3) in accordance with the
    standards of Canadian National Instrument 43-101.
    The Starvation Canyon project maintained its reserves and measured and
    indicated resources in 2006, while enhancing the definition of the two known
    resource zones. Queenstake estimated Starvation Canyon's measured and
    indicated resources totaled approximately 636,500 tons at 0.29 opt for 184,300
    contained ounces, including probable reserves of 112,900 contained ounces, at
    year-end 2006. The drilling program conducted during 2006 began testing
    targets of up to a mile away, which will be followed up in 2007.
    Queenstake invested $4.9 million in exploration during the full-year 2006
    with five surface drill rigs working at the Jerritt Canyon District, at
    Starvation Canyon and other targets. Exploration expenditures for 2006 were
    constrained by reduced cash being available from operations and access to
    drill rigs.


    Queenstake Resources Ltd. is a gold mining and exploration company based
    in Denver, Colorado. Its principal asset is the wholly owned Jerritt Canyon
    gold operations in Nevada,
    ..........................stark gekuerzt..................

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