Nevada Gold Announces the Opening of Jack's at the Grande

• Press Release
• Source: Nevada Gold & Casinos, Inc.
• On 8:30 am EDT, Thursday July 2, 2009

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

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Symbol	Price	Change
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"We are pleased to announce that Jack's at the Grande officially opened for business. The expansion includes the addition of four table games, including blackjack and roulette, additional food and beverage options, an additional street level entrance and the conversion of our guest rooms to full service hotel rooms. We are pleased that we can offer these additional offerings to our guests, while still giving them the same level of customer service they have come to expect," said Robert Sturges, CEO of Nevada Gold. "Initial feedback from our customers is positive and we're encouraged about the future potential of the market based on implementation of the recently amended gaming rules."

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 dollars to $100 dollars, 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