ISLE Isleworth Healthcare Acquisition Corporation

Nevada Gold Announces Expansion of Stock Repurchase Program HOUSTON, Sept. 10 /PRNewswire-FirstCall/ -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that its Board of Directors has approved a plan to expand the stock repurchase program for an additional 100,000 shares of the Company's common stock. Nevada Gold's June 2003 announcement to repurchase up to 100,000 shares has been completed. The expanded stock buyback is consistent with the Company's ongoing strategy to redeploy cash flow in new projects, debt reduction, and share purchases. Based on share price and availability, purchases will take place in open market transactions in accordance with applicable securities and other laws and regulations. Depending on market conditions and other factors, such purchases may be commenced or suspended at any time without prior notice. "As we have stated in the past, we will increase shareholder value by prudently investing the Company's cash flow in attractive projects, through the elimination of debt and further share repurchases. We are committed to our ongoing strategy to drive shareholder value," stated H. Thomas Winn, Chairman, President & CEO. About Nevada Gold & Casinos Nevada Gold & Casinos, Inc. of Houston, is a developer of gaming properties, and has real estate interests in Colorado, California, and Nevada. UWN owns a 43% interest in The Isle of Capri-Black Hawk LLC, which owns Isle of Capri Casino, a 237-room hotel/casino and Colorado Central Station Casino (both located in Black Hawk, Colo., about 35 miles west of Denver) and Colorado Grande Casino, located in Cripple Creek, Colo. The LLC is a joint venture with Isle of Capri Casinos, Inc. (NASDAQ:ISLE). UWN has 69% ownership of Dry Creek Casino, LLC, which is assisting the Dry Creek Rancheria Band of Pomo Indians with their River Rock Casino, Alexander Valley, Sonoma County, California (about 75 miles north of San Francisco in the California wine country). UWN has 51% ownership of Route 66 Casinos, LLC, which has the right to lease gaming equipment to the Pueblo of Laguna in their Route 66 Casino 11 miles west of Albuquerque, N.M., which opened in September 2003. Nevada Gold Tulsa, Inc., a wholly-owned subsidiary, has entered into a contract to develop and manage a casino for the Muscogee (Creek) Nation in Tulsa, Okla. Also, Gold River, LLC, a wholly-owned subsidiary of UWN, has entered into a development agreement for a gaming resort in Pauma Valley, California for the La Jolla Band of Luiseno Indians. The management agreement for La Jolla is currently being finalized and is expected to be completed in the near future. For more information, visit http://www.nevadagold.com/ . Contact: Nevada Gold H. Thomas Winn, Chairman, President & CEO or Christopher Domijan, CFO (713) 621-2245 Integrated Corporate Relations Thomas Ryan or Don Duffy (203) 222-9013 DATASOURCE: Nevada Gold & Casinos, Inc. CONTACT: H. Thomas Winn, Chairman, President & CEO or Christopher Domijan, CFO, both of Nevada Gold & Casinos, Inc., +1-713-621-2245; or Thomas Ryan or Don Duffy, both of Integrated Corporate Relations, +1-203-222-9013 Web site: http://www.nevadagold.com/

Copyright