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UWN Extends Stock Repurchase Program

25 October 2004

HOUSTON, Texas -- (PRESS RELEASE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that its Board of Directors has approved a plan to extend the stock repurchase program announced in September for an additional 500,000 shares of the Company's common stock.

The expanded stock buyback is consistent with the Company's ongoing strategy to redeploy cash flow in new projects, debt reduction, and share purchases. Based on share price and availability, purchases will take place in open market transactions in accordance with applicable securities and other laws and regulations. Depending on market conditions and other factors, such purchases may be commenced or suspended at any time without prior notice.

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