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Nevada Gold Hosting Annual Meeting Of Shareholders

HOUSTON, Oct. 11, 2010 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) announced that the Company is hosting its annual meeting of shareholders at 3:00 pm CT today, October 11, 2010.

The presentation that is used during the annual meeting of shareholders can be found on Nevada Gold's website, www.NevadaGold.com , under the "Investor Relations" section.

"This past year has been a great year for Nevada Gold. We have become a self-sustaining Company and have put our cash on hand to work. We are very proud of our most recent Washington acquisition, and pleased that we were able to maximize the use of our cash. Looking forward over the next 12 months we hope to build on the firm foundation that has now been established. Our goal for continued growth will be to identify at least one additional acquisition target over the next 12 months and identify management contract opportunities. In order to better achieve these goals we expect to initiate the licensing process in the state of Nevada at some time before our fiscal year is over," said Robert Sturges, CEO of Nevada Gold. 

Forward-Looking Statements

This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.

About Nevada Gold

Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities in Colorado and Washington. The following properties are wholly owned and operated by Nevada Gold: Colorado Grande Casino in Cripple Creek, Colorado, the Crazy Moose Casinos in Pasco and Mountlake Terrace, Washington, Coyote Bob's Roadhouse Casino in Kennewick, Washington, the Silver Dollar Casinos in Seatac, Mill Creek and Renton, Washington, the Club Hollywood located in Shoreline, Washington, the Royal Casino located in Everett, Washington and the Golden Nugget Casino located in Tukwila, Washington. The Company has an interest in Buena Vista Development Company, LLC which is working with the Buena Vista Rancheria of Me-Wuk Indians on a Native American casino project to be developed in the city of Ione, California. The Company has a signed management agreement including equity participation for development of a casino and hotel immediately adjacent to the Las Vegas Motor Speedway. For more information, visit www.nevadagold.com .

The Nevada Gold & Casinos, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1552

CONTACT:  Nevada Gold & Casinos, Inc.
          Robert B. Sturges, CEO
          Jim Kohn, CFO
          (713) 621-2245

          ICR
          Don Duffy
          (203) 682-8200

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