Nevada Gold & Casinos, Inc. today announced that on April 26, 2006, the New
York State Racing and Wagering Board granted a temporary conditional track
license to Nevada Gold NY, Inc. on behalf of Tioga Downs. The license
enables Tioga Downs to continue the current construction and development
schedule. Issuance of a final license is subject to compliance with various
conditions. Nevada Gold & Casinos, Inc., through Nevada Gold NY, Inc., owns
a 40% membership interest in American Racing and Entertainment, LLC.
American Racing owns the Tioga Downs Racetrack in Nichols, New York.

John A. Arnesen, President & COO of Nevada Gold & Casinos, Inc., commented,
“Receiving this temporary conditional license marks an important step in our
progress at Tioga Downs. We continue to be very excited about bringing this
racing and entertainment facility to the region.”