Northern Cheyenne Nation, Full House Sign Deal

LAS VEGAS – (PRESS RELEASE) -- Full House Resorts, Inc. (OTC Bulletin Board: FHRI) announced today that the Northern Cheyenne Nation of Montana (the Tribe) has signed a Development and Management Agreement with the Company which is subject to the approval of the National Indian Gaming Commission in accordance with federal law.

The Northern Cheyenne's proposed site is land already held in trust, located approximately 25 miles north of Sheridan, Wyoming at a recreational destination on the Tongue River Reservoir in southeastern Montana. Sheridan County, with a population of almost 30,000 and no other legal gambling, will be the primary target market. The two parties will work together on the design, size and site plan of the gaming facility on the tribe's 554 acre Tongue River site. The first phase of the project will include a 20,000 to 25,000 square foot, first class facility, housing approximately 200 to 250 video gaming machines, live poker, restaurant and an RV Park. The design will allow for expansion of the gaming area, additional food and beverage outlets and a hotel in a future phase. It is anticipated to open 12 to 18 months from now, pending all regulatory approvals, with a cost for the first phase of $10 million to $15 million. The tribe currently has a Class III Gaming Compact with the State of Montana and will be consulting with the State on the new casino.

Greg Violette, Chief Operating Officer of Full House, stated that "I'm honored that the Northern Cheyenne Nation has signed a Management Agreement with Full House Resorts. They have a very aggressive plan for economic development. The Tribe has a great deal of land with an abundance of opportunity, and Full House will assist the tribe with the implementation of all phases of its economic development plan."

Eugene Little Coyote, President of the Northern Cheyenne Tribe, stated that "We are confident that Full House is the right partner to assist the Tribe with the means by which the Tribe can begin to independently generate the capital resources that are needed to adequately finance our socio-economic development. The signing of the casino management agreement is the beginning of long term growth and prosperity for our Nation. The Tribe wants to ensure that its economic development is environmentally sound and culturally appropriate to preserve its beautiful homelands. There is a long way to go, but the most important step in any journey is the first step. It is exciting and wonderful."

Andre Hilliou, Chief Executive Officer of Full House, stated that "We have been working very hard to identify growth opportunities since we took over the management of Full House one year ago, and it is gratifying to now see the fruit of our efforts. We promised our Board that we would increase shareholder value. We have the possibility of three, and possibly more, new projects. With the signing of this management agreement with the Northern Cheyenne we are now seeing the results of these efforts."