LAS VEGAS, Feb. 28 /PRNewswire-FirstCall/ -- Full House Resorts, Inc. (OTC Bulletin Board: FHRI) ("Full House") announced today that, at its meeting on February 20, the members of the Manuelito Chapter of the Navajo Nation endorsed the action of the TSE Ndeeshglizh Corporation (the Development Corporation), the development arm of the Chapter, selecting Full House as the developer and manager of the Chapter's casino project. Coincident with this approval, the parties entered into a letter of intent to finalize the terms of a management agreement. Full House can now enter into definitive negotiations
for a development and management agreement with the Navajo Nation, which will be subject to approval by the National Indian Gaming Commission in accordance with federal law.

Native American Development and Consulting Services (NADACS) was retained by the Chapter to select a management company, and Full House was selected from a group of eleven companies that submitted proposals. Rhonda Ray, President of the Development Corporation, stated that "We feel very good about the qualifications of Full House. I have trust in them and confidence that they are the right people to make our dreams become reality." Marlene Custer, the Development Corporation's Vice-President, added that "I am very happy and proud to know that Full House is going to play a big part in assisting us with
the achievement of the goals we established two years ago."

Calvert Garcia, a representative of Navajo Nation President Joe Shirley, commented that "I was very impressed with the people at Full House, and their approach to developing and managing casinos. The Navajo Nation is a little late getting into the game, but we're confident that Full House will help us make up for lost time by assisting some of the Chapters that have approved gaming."

Preliminary plans include a 50,000 square foot casino with 600 slot machines, twelve table games, a truck stop/travel plaza, three food outlets, a gift shop and other amenities in the first phase of development. The site is four miles west of Gallup, New Mexico on Interstate 40.

Greg Violette, Chief Operating Officer of Full House, stated that "I really like the location near the exit from a weigh station for large trucks, and there is plenty of land available for future development in addition to the casino. I believe this project will satisfy the entertainment needs of Gallup and the surrounding communities, which are underserved."

Andre Hilliou, Chief Executive Officer of Full House, stated that he was "grateful to NADACS, Manuelito Chapter President Milton Davidson and other Chapter officials for selecting us as their partner, and for all of their hard work in getting gaming approved by the Navajo Nation and the Manuelito Chapter." He also stated that he is "very impressed with the leaders of the Manuelito Chapter. They are a savvy group, with great vision and tremendous ambition."

About Full House Resorts

Full House Resorts, Inc. develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi for the development and management of a first-class casino resort in the Battle Creek, Michigan area, which is presently under development. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware. Midway Slots and Simulcast has a total of approximately 1,400 gaming devices, a 450-seat buffet, a 50-seat diner and an entertainment lounge area. The Company was recently named developer and manager for the gaming development project of the Nambe Pueblo of New Mexico and by the Manuelito Chapter of Navajo Indians of New Mexico. Additionally, the Company is actively pursuing other Indian and non-Indian gaming development and management opportunities.

Forward-looking Statements

No assurances can be given that any agreement, development, project or venture mentioned or contemplated by this release will occur. Certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements are subject to risks and uncertainties that may cause actual results or performance to be materially different from that expressed or implied in such statements.