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Monday, March 27, 2006

Nevada Gold Retains Financial Advisor

Nevada Gold & Casinos, Inc. today announced that it has retained Libra Securities, LLC (``Libra') as its financial advisor to review potential initiatives intended to enhance long-term shareholder value.

Libra is expected to assist the Company in reviewing possible acquisitions and asset divestitures among other initiatives. The Company indicated that it was premature to estimate when the review would be completed or what potential initiatives, if any, would be undertaken.

H. Thomas Winn, Chairman and CEO of Nevada Gold & Casinos, Inc., commented, ``We believe an experienced financial advisor will benefit, as well as complement, our internal efforts to determine what the next best steps are for the Company in driving long-term shareholder value.'

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