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Nevada Gold Won't Bid for Indiana Casino License

21 April 2005

HOUSTON, Texas -- (PRESS RELEASE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that Orange County Development, LLC, which is 75% owned by Nevada Gold, has decided not to submit its bid to build and operate a riverboat casino in Orange County, Indiana, at this time.

H. Thomas Winn, Chairman, President & CEO of Nevada Gold & Casinos, Inc., commented, "While we like the potential of this market, the current competitive dynamics are such that we have decided to forgo the opportunity at this time."

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