Nevada Gold Announces the Completion of Colorado Grande Expansion

• Press Release
• Source: Nevada Gold & Casinos, Inc.
• On 10:32 am EDT, Monday June 29, 2009

HOUSTON, June 29, 2009 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) today announced that Jack's at the Grande and the expansion of the Colorado Grande Casino in Cripple Creek will officially debut on July 2, 2009.

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"The Colorado Grande team has worked diligently over the past few months getting Jack's at the Grande ready for its debut. We're proud we were able to fast track this expansion and complete it ahead of schedule. We feel this expansion, including the addition of table games and our new coffee bar, significantly adds to the overall experience at Colorado Grande," said Robert Sturges, CEO of Nevada Gold.

The expansion allows the Colorado Grande Casino to take advantage of the recently passed amendment which authorizes an increase in the bet limits from $5 to $100, allows additional types of table games, authorizes 24-hour gaming instead of the current 18 hours and establishes a fixed tax rate.

The Colorado Grande-Cripple Creek Casino is a 7,500 square foot facility located near the center of the Cripple Creek market. The property currently consists of approximately 200 slot machines, four table games, five guest rooms and 44 parking spaces as well as the number one restaurant in town, Maggie's.

About Nevada Gold

Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities in Colorado, Washington and the southeastern United States. The Colorado Grande Casino in Cripple Creek, Colorado, the Crazy Moose Casino in Pasco, Washington, the Coyote Bob's Roadhouse Casino in Kennewick, Washington and the Crazy Moose Casino in Mountlake Terrace, Washington are wholly owned and operated by Nevada Gold. 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 also has a management contract with Oceans Casino Cruises, Inc., owner of SunCruz Casinos, the largest day cruise casino company in the United States. For more information, visit www.nevadagold.com.

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

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

ICR, Inc.
Don Duffy
(203) 682-8200