VANCOUVER, Oct. 19, 2012 /PRNewswire/ - Veris Gold Corp. (TSX: VG) (OTCBB:YNGFD) (Frankfurt Xetra Exchange: NG6A) (" VG" or the " Company"), formerly Yukon-Nevada Gold Corp., is pleased to announce that it has filed a preliminary short form base shelf prospectus (the "Shelf Prospectus") with the securities commissions in Alberta, British Columbia and Ontario. The Shelf Prospectus, when made final, will enable the Company to make offerings of debt securities, common shares, warrants to purchase common shares and warrants to purchase debt securities, units consisting of common shares and whole or partial warrants or subscription receipts that will entitle the holder thereof to receive upon satisfaction of certain release conditions and for no additional consideration, common shares or warrants (all of the foregoing, collectively, the ''Securities'') or any combination thereof up to an aggregate initial offering price of CDN$60,000,000 during the 25-month period that the Shelf Prospectus, including any amendments thereto, remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth an accompanying shelf prospectus supplement (a " Prospectus Supplement"). A registration statement relating to the Securities has been filed with the United States Securities and Exchange Commission, but has not yet become effective. The Securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective and a receipt for the final base shelf prospectus is obtained from applicable Canadian securities regulatory authorities. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification.