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Nevada Gold Announces Cost Reduction Initiatives

In addition, Nevada Gold announced the promotion of Victor Mena to corporate vice president. Mr. East stated, "Since joining Nevada Gold as general manager of our Washington Gold operations in 2009, Victor has effectively integrated our 10 gaming properties in the State of Washington and ably contributed to the growth of our business. With his new title as corporate vice president, he will continue to have responsibility for managing our Washington State casinos. Today's appointment recognizes his many contributions to our company." 

As previously announced, Nevada Gold will hold its Annual Meeting of Shareholders today at 3:00 PM CT at the Sheraton Suites Houston, 2400 West Loop South, Houston, TX.

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 MKT:UWN) of Houston, Texas is a developer, owner and operator of 10 gaming operations in Washington ("Washington Gold") and a 950-machine slot route operation in Deadwood, South Dakota ("South Dakota Gold"). 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

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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