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Boomtown Expansion Application Approved

15 March 2005

ALBERTA – (PRESS RELEASE) --The Board of the Alberta Gaming & Liquor Commission has advised Gamehost Income Fund that it's application to expand the Boomtown Casino located in Fort McMurray, Alberta has been approved to proceed to Step 3 (the final step) of the Expansion or Major Relocation Process, subject to receiving all municipal approvals.

The proposed expansion will increase the existing premises from approximately 12,000 sq ft to 23,512 sq ft. Municipal approvals must be obtained from the Regional Municipality of Wood Buffalo and they include a Building Permit and Development Permit. The company is currently gathering the appropriate documents to apply for these permits. There are no assurances that the Company will receive the required approvals from the municipality. The company at this time cannot provide a timeline on these events.

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