The project will consist of a
multi-level casino designed to accommodate approximately 2,000 slot
machines and 80 gaming tables, restaurant and dining facilities,
retail outlets, guest support services and a 3,500 to 4,000 space
multi-level parking garage. Thomas Winn , Chairman, President and CEO of Nevada Gold +
Casinos, Inc., commented, "We are very excited to be involved and
believe the project has potential similar to other Sacramento area
projects.
"The NIGC has gone so far as to consider redefining what the game of bingo
is, something that is outside their jurisdiction," Lombardi said. It acts as a planning and coordinating agency for
legislative , policy, legal and communications efforts on behalf of its members
and serves as an industry forum for information and resources.

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Forward-Looking Statement

This release contains forward -looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Additional risks, uncertainties and
assumptions to which these statements are subject are identified and
described in the Company's public filings with the Securities and
Exchange Commission. We find both these developments very
troubling and we will be discussing the ramifications of these potential
actions and others.

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Nevada Gold has filed with the Securities and Exchange Commission
a Current Report on Form 8-K filed May 5, 2005, relating to the
acquisition of the interest in Buena Vista Development.

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Native American
projects consist of River Rock Casino in Sonoma Valley, California,
Route 66 Casino west of Albuquerque, New Mexico, a casino to be built
in Tulsa, Oklahoma for the Muscogee (Creek) Nation and a casino to be
built in Pauma Valley, California for the La Jolla Band of Luiseno
Indians.

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Casino Development + Management Company, LLC is the 80% owner and
manager of Buena Vista Development. These risks and
uncertainties include, but are not limited to, possible delays in
completion of the project, the receipt of various required regulatory
approvals and numerous other conditions which must be satisfied before
completion of the project, legal challenges to the project from
special interest or other groups, business risks , including
competition, the availability of necessary financing, and the risk
that earnings generated by the project will not be sufficient to repay
amounts expended on the project.

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Forward-looking statements can
generally be identified by the use of words such as "estimate,"
anticipate," "believe," "expect ," "future," "intend," "plan," and
similar expressions. (AMEX:UWN) of Houston, Texas is a
developer , owner and operator of gaming facilities and lodging and
entertainment facilities in Colorado, California , Oklahoma and New
Mexico.
The panel, "The Fight to Save Class II Gaming," will focus on proposed
changes by the National Indian Gaming Commission (NIGC) on the definition and
technical standards of so-called Class II games, over which the NIGC has
oversight responsibility.

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About Nevada Gold + Casinos

Nevada Gold and Casinos, Inc. The Company owns a 43% interest in the Isle of Capri -Black
Hawk LLC, which owns Isle of Capri-Black Hawk and Colorado Central
Station, both of which are in Black Hawk, Colorado. CNIGA is a non-profit trade association comprised of
gaming and non -gaming tribal nations and is dedicated to the purpose of
protecting the sovereign right of Indian tribes to have gaming on federally
recognized Indian lands.

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Nevada Gold Announces New Development Opportunity

Their experience and successful track
record with other Native American projects was important to us as we
sought a partner.

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Forward-looking
statements in this release include , without limitation, statements
relating to the design specifications of physical facilities, project
market and other potential and expectations regarding the receipt and
timing of regulatory approvals . "The
commission is also considering requiring a type of pre-certification of Class
II games before they can be operated.

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com

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Colorado Grande
Casino in Cripple Creek, Colorado is wholly owned and operated by
Nevada Gold." Class II gaming generally refers to bingo and does not
include banked card games, black jack or slot machines.

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"
Buena Vista Development and the Tribe are proceeding with design,
development and architectural plans for the project so that
construction can begin as soon as possible after final regulatory
approvals are received.

Legal Experts to Discuss Future of Tribal Government Gaming

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The development of new casinos requires various
governmental and other regulatory approvals.

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The casino, located near
Buena Vista, Amador County, California, will draw customers from the
Sacramento and Stockton areas."
H.

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Tom Wilmot, Sr.com.

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Buena Vista Development has entered into a Development Agreement
with the Buena Vista Rancheria of Me-Wuk Indians for the development
of a casino on the Tribe's tribal lands., a principal of Casino Development + Management
Company, LLC, stated, "We are happy to have a quality partner like
Nevada Gold join this project.

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The panel will be moderated by Michael Lombardi, a former Indian casino
manager , gaming expert and the current chief regulator for the Augustine Band
of Cahuilla Indians in the Coachella Valley.
Last year the conference drew more than 600 participants and 130
exhibitors . CNIGA Director of Communications Susan Jensen will be on site at
the conference to coordinate interview and coverage requests.

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nevadagold.
The Palm Springs Convention Center is located at 277 North Avenida
Caballeros. Media may obtain press
credentials at the registration counters located in the Convention Center.

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Also on the panel will be Terry
Poust, a past member of the NIGC and currently an attorney practicing Indian
law with the firm of Holland + Knight, and Judith Shapiro, another leading
legal expert on Indian gaming who is now a sole practitioner representing a
number of tribes.

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In addition, proposed
casinos usually face legal challenges from activist groups or other
opposition, some of which may have to be resolved before these
projects can begin construction and operation. For more information, visit www. SACRAMENTO, Calif.
Individuals wishing to attend the conference may register on-site beginning on
Tuesday, January 25.

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The conference is sponsored by the California Nations Indian Gaming
Association, the state's largest Indian organization with 62 federally
recognized member tribes.

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Business Editors/Entertainment Editors

HOUSTON ----Nevada Gold + Casinos, Inc.
(AMEX:UWN) today announced that it has acquired, through its
subsidiary , Nevada Gold BVR, LLC, a 20% interest in Buena Vista
Development Company, LLC ("Buena Vista Development "). It will be held January 26-27 at the Palm Springs Convention
Center. She can be
reached at 916-448-8706 prior to the convention.

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Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future, and accordingly , such
results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. The Company also works with four Native American tribes
in a variety of capacities from the right to lease gaming equipment to
development and management of their gaming properties ., Three noted experts on tribal
government gaming will discuss proposed changes that could dramatically alter
the nature of Indian casinos at the upcoming Western Indian Gaming Conference
in Palm Springs January 26. Additional information, including a complete schedule of
events may be obtained on the CNIGA web site at http://www.cniga.