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Nevada Gold Announces First Quarter 2013 Financial Results

Adjusted EBITDA reconciliation for the three months ended July 31, 2012 and July 31, 2011:

Adjusted EBITDA reconciliation to net income (loss):
  For the three months ended
  July 31, 2012 July 31, 2011
     
Net income (loss) $ 168,125 $ (191,859)
Add:    
Income tax expense (benefit) 88,689 (283,927)
Net interest expense 462,144 348,050
Loss on sale of assets 1,245 314
Depreciation and amortization 538,981 438,663
Deferred rent 19,034 --
Stock option and ESPP grants 4,077 289,838
Loss on operations held for sale 321 204,841
Acquisition expenses -- 51,945
Adjusted EBITDA $ 1,282,616 $ 857,865
     

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.

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