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Nevada Gold Announces Management Change; Ernest East Named Interim President

About Nevada Gold

Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) of Houston, Texas is a developer, owner and operator of 10 gaming operations in the state of Washington and a 900-machine slot route operation in Deadwood, South Dakota. The Company also has a gaming license in Nevada and an interest in Buena Vista Development Company, LLC, which is working on a Native American casino project to be developed in Ione, California. For more information, visit www.nevadagold.com .

The Nevada Gold logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13803

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.

CONTACT: Nevada Gold & Casinos, Inc.
         Jim Kohn, CFO
         (713) 621-2245
         
         LHA
         Harriet Fried / Jody Burfening
         (212) 838-3777
         hfried@lhai.com

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