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Nevada Gold & Casinos to auction off land

HOUSTON, Texas – (PRESS RELEASE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced it has engaged Sheldon Good & Company, one of the country's leading real estate auction firms, to develop a real estate auction strategy for the approximately 260 acres of land it owns in Gilpin County near Black Hawk, Colorado. Nevada Gold expects Sheldon Good & Company to recommend a course of action within the next 60 days.

Chief Executive Officer Robert Sturges commented, ``Our decision to retain Sheldon Good & Company represents an important step in our ongoing efforts to dispose of the company's non-core assets. We are pleased to be working with Sheldon Good, and remain committed to focusing our growth and operating strategies on those assets that hold the greatest long-term growth potential for Nevada Gold.'

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