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Nevada Gold & Casinos Awarded First Support Services Contract

HOUSTON, Texas -- (PRESS RELEASE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that it has signed a definitive agreement to provide consulting support services to the La Jolla Band of Luiseno Indians. Under the terms of the agreement, Nevada Gold will advise and assist the Tribe with Phase I of the resort planned for its 10,000-acre reservation in Pauma Valley, California, which includes a 30,000-square-foot gaming facility, housing 350 -- 500 slot machines and eight table games.

Robert Sturges, Chief Development Officer, Nevada Gold & Casinos, Inc., commented, ``This multi-million dollar agreement represents the first major consulting contract signed as part of our efforts to offer a new level of collaboration to Native American tribes. We hope that this agreement will be the first of many similar agreements, since we have received strong indications that there is a demand in Native American communities for this type of consulting service. By providing a full range of consulting capabilities, we enable tribes to leverage our development, marketing and management expertise to meet their operational objectives. The Company has always thought the Pauma Valley project represents a fantastic multi-phase development opportunity for the La Jolla Band of Luiseno Indians, and we are delighted to be moving forward with them on this exciting resort.'

Tracy Nelson, Chairman of the La Jolla Band of Luiseno Indians, stated, ``We believe this agreement provides us with a superior degree of flexibility and support, and are confident it will give the Tribe the tools we need to successfully manage the resort and gaming facilities autonomously over the long term. We are pleased to have finalized our agreement and look forward to working with Nevada Gold.'

This consulting services agreement replaces the previous development and management agreement between the Tribe and Nevada Gold, as both partners agreed that the new arrangement would better facilitate development efforts and accelerate progress on the project. Phase I is slated to be complete fall 2007. Subsequent phases of development are expected to include a hotel, RV Park, golf course, additional restaurants and other entertainment venues. The consulting support services agreement will be sent to the National Indian Gaming Commission (NIGC) for review.

Nevada Gold's Consulting Support Services program was developed in 2006. Importantly, the program differs from a typical agreement in that it is designed to empower tribal members in all areas. The major emphasis is on the significant training component and the executive tribal development program designed to develop tribal abilities so they can assume responsibilities in all levels of management, to include senior executive committee positions, including General Administration of the entire enterprise.

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