Nevada Gold Announces the Colorado Grande Casino Expansion Plans are On Schedule...

Nevada Gold Announces the Colorado Grande Casino Expansion Plans are On Schedule
for July 2nd Opening

HOUSTON, May 27, 2009 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE
Amex:UWN) today announced that the expansion plans originally announced on April
9, 2009 for the Colorado Grande Casino in Cripple Creek are well underway and
are currently expected to open on July 2, 2009.

"Our expansion plans are proceeding nicely at the Colorado Grande Casino and we
feel that our enhanced facility will add to the overall experience at that
location. We also feel that this expansion will draw more customers since the
Colorado Grande is the only casino in Cripple Creek that will be adding table
games to a slot-only floor. We plan to add four table games, including blackjack
and roulette, additional food and beverage options, an additional street level
entrance and convert our guest rooms to full service hotel rooms. We look
forward to being able to provide our guests with enhanced offerings while still
giving them the same level of customer service they have come to expect from our
facility," said Robert Sturges, CEO of Nevada Gold.

The Company is planning to expand the facility by approximately 20%. The
expansion will allow the Colorado Grande Casino to take advantage of the
recently passed amendment which authorizes an increase in the bet limits, allows
additional types of table games, authorizes 24-hour gaming instead of the
current 18-hours and establishes a fixed tax rate.

The Colorado Grande-Cripple Creek Casino is a 6,200 square foot facility located
near the center of the Cripple Creek market. The property currently consists of
approximately 200 slot machines, five guest rooms and 44 parking spaces, as well
as the number one restaurant in town, Maggie's.

About Nevada Gold

Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) of Houston, Texas is a developer,
owner and operator of gaming facilities in Colorado, Washington and the
southeastern United States. The Colorado Grande Casino in Cripple Creek,
Colorado is wholly owned and operated by Nevada Gold. On May 12, 2009, NG
Washington LLC, a wholly owned subsidiary of the Company, acquired three casinos
in Washington State. The Company has an interest in Buena Vista Development
Company, LLC which is working with the Buena Vista Rancheria of Me-Wuk Indians
on a Native American casino project to be developed in the city of Ione,
California. The Company also has a management contract with Oceans Casino
Cruises, Inc., owner of SunCruz Casinos, the largest day cruise casino company
in the United States. For more information, visit www.nevadagold.com.

The Nevada Gold & Casinos, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1552

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CONTACT: Nevada Gold & Casinos, Inc.
Robert B. Sturges, CEO
Jim Kohn, CFO
(713) 621-2245

ICR, Inc.
Don Duffy
(203) 682-8200