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Myriad amends land agreement

TUNICA, Mississippi -- (PRESS RELEASE) -- Myriad Entertainment & Resorts, Inc., a Delaware corporation (OTCBB: MYRA), today announced that it has amended its agreement with members of the Jack Day Perry, Sr. family to purchase more than 500 acres of land in Tunica, Mississippi, the location of the Company's planned $1.3 billion world-class destination resort featuring gaming, conventions, retail and attractions, and leisure real estate.

In May 2007, Myriad disclosed that it had agreed to purchase the property for cash, shares of the Company's restricted common stock and a percentage of the gaming revenue derived from gaming activities conducted on the Company's gaming site.

The agreement has been amended to provide for, among other things, an increase in the cash purchase price and a 60-extension on the closing date. These amendments reflect the Company's continuing discussions with interested funding partners. The closing, which originally scheduled for August 1, 2007, will take place on or before October 2, 2007.

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