San Pasqual Casino Development Group Extends and Supplements Consent Solicitation...

San Pasqual Casino Development Group Extends and Supplements Consent Solicitation Relating to its 8% Senior Notes Due 2013

VALLEY CENTER, CA--(Business Wire)--
San Pasqual Casino Development Group, Inc. (the "Company"), a
wholly owned, tribally chartered corporation formed under the laws of
the San Pasqual Band of Mission Indians (the "Band"), today announced
that it is further extending the date by which consents must be
received pursuant to its previously announced Consent Solicitation
with respect to amendments to the indenture governing its outstanding
8% Senior Notes due 2013 (the "Notes") issued on September 29, 2005
(the "Consent Solicitation"). The Company is extending the expiration
date for the Consent Solicitation to 5:00 p.m., New York City time, on
August 4, 2008, unless earlier terminated or further extended (such
time and date, as they may be further extended, the "Consent Date").
The Consent Solicitation had previously been scheduled to expire on
August 1, 2008. Upon receipt of the requisite consents (which may
occur prior to the Consent Date), the Company intends to effect the
execution of a supplemental indenture containing the amendments.

The Company is also issuing a Supplement to the Consent
Solicitation Statement (the "Supplement"), which supplements and
amends certain information contained in the Consent Solicitation
Statement, dated June 18, 2008 (the "Consent Solicitation Statement"),
and in the accompanying Letter of Consent (the "Letter of Consent").
The Supplement provides for an increase in the amount of the consent
payment from $5 for each $1,000 in principal amount of Notes (as
previously set forth in the Consent Solicitation Statement) to $35 for
each $1,000 in principal amount of Notes. In addition, the Supplement
provides that the Company will reimburse the holders of Notes for the
reasonable out-of-pocket fees and expenses of external legal counsel
incurred in connection with the Consent Solicitation, to the extent
approved by the Company in advance. The Company also proposes, in
connection with the Consent Solicitation, to make certain additional
changes to the indenture in the event the requisite consents are
obtained and the supplemental indenture becomes effective. These
changes involve, among other things, placing further limitations (as
compared to the proposed changes in the Consent Solicitation
Statement) on the Company's ability to incur indebtedness, including
by reducing the secured debt basket from $50 million to $20 million,
and on its ability to make certain restricted payments.

The complete terms and conditions of the Consent Solicitation are
set forth in the Consent Solicitation Statement, related Letter of
Consent and the Supplement. Holders are urged to read the Consent
Solicitation documents carefully. Copies of the Consent Solicitation
Statement, related Letter of Consent and the Supplement may be
obtained from Global Bondholder Services Corporation at (212) 430-3774
and (866) 389-1500 (toll-free).

Merrill Lynch & Co. is the Solicitation Agent for the Consent
Solicitation. Questions regarding the Consent Solicitation may be
directed to Merrill Lynch & Co. at (888) 654-8637 (toll-free) and
(212) 449-4914.

About the Company

The Company is a tribally-chartered corporation formed under the
laws of the Band. The Company was chartered by the general council of
the Band to oversee and direct the development, financing,
construction, operation, maintenance and management of the Valley View
Casino and any of the Band's future gaming operations.

This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are subject to known and unknown risks, uncertainties
and other factors that could cause actual events or results to differ
materially from those currently anticipated. The forward-looking
information is based on various factors and was derived using numerous
assumptions. In some cases, you can identify these "forward-looking
statements" by our use of words such as "anticipate," "expect,"
"propose," "plan," "intend," "designed," "estimate," "adjust" or the
negative of those words and other comparable words. You should be
aware that those statements reflect only our current views with
respect to such matters. Actual events or results may differ
substantially. The Company undertakes no obligation to publicly update
or revise any forward-looking statements in connection with new or
future events or otherwise.

San Pasqual Casino Development Group, Inc.
Sarah Iantosca, 760-291-5601

Copyright Business Wire 2008