Nevada Gaming Control Board Recommends Nevada Gold

Nevada Gold & Casinos, Inc.

today announced that the State of Nevada Gaming Control Board took action at its January 11, 2012 meeting to recommend to the Nevada Gaming Commission that Nevada Gold, its wholly-owned entity, Nevada Gold Speedway, LLC, and its directors and officers, be found suitable to participate in ownership of a gaming operation in Nevada. The recommendation to the Commission for a finding of suitability, and approval of Nevada Gold's application for registration as a publically traded corporation, as well as approval for William Sherlock, as Chairman of the Board, Robert Sturges, as Chief Executive Officer, and James Kohn, as Chief Financial Officer of the Speedway LLC will be on the Nevada Gaming Commission agenda for its consideration on January 26, 2012.