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Nevada Gold Announces Second Quarter 2013 Financial Results

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

Adjusted EBITDA reconciliation to net loss:    
  For the three months ended
   October 31, 2012 October 31, 2011
Net loss  $ (819,008)  $ (2,120,606)
Add:    
Income tax benefit (108,375) (1,040,324)
Net interest expense 478,146 369,971
Loss on extinguishment of debt -- 154,270
Impairments/Write offs 257,733 2,273,966
Loss on sale of assets 1,718 22,340
Depreciation and amortization 538,534 464,541
Deferred rent 19,034 --
Stock option and ESPP grants 65,682 20,780
Severance expense 725,877 --
Loss on operations held for sale 138,472 97,924
Acquisition expenses -- 13,721
Adjusted EBITDA  $ 1,297,813  $ 256,583
     

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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