Land Agreement and Extends Closing Date to February 2008

(Tunica, Mississippi) November 16, 2007 - Myriad Entertainment & Resorts, Inc., a Delaware corporation (OTCBB: MYRA), today announced that it has amended its agreement with members of the Jack Day Perry, Sr. family to purchase more than 500 acres of land in Tunica, Mississippi, the location of the Company’s planned $1.3 billion world-class destination resort. The agreement, which originally was disclosed in May 2007, has been amended to provide for a 90-day extension of the closing date. The closing is expected to take place on or before February15, 2008.

Myriad representatives continue to engage in discussions with potential funding sources to secure the capital required to move forward with building out the infrastructure and going vertical with the first phase of development. Simultaneously, Myriad’s development team and outside consultants continue to work with local and state officials in Mississippi to secure the necessary entitlements and approvals required to develop the Tunica resort. To date, Myriad has obtained the following:

Site approval for up to six (6) casinos;
Up to $71 million in Tax Increment Financing (TIF);
Up to $291 million in a tourism grant from the Mississippi Development Authority (MDA);
Approval of property zoning and development plan; and
A Public Improvement District (PID) up to $229 million

Myriad’s business plan focuses the Company’s current efforts and resources on the development of Myriad Botanical Resort, a $1.3 billion world-class destination resort in Tunica, Mississippi. Based on a botanical theme, it is intended that the first phase of development will consist of building out the site infrastructure and constructing the first two (2) of six (6) total casinos; 1,000 casino hotel rooms; 150,000 square foot convention and exposition center with a 600 room hotel; 5,000 seat entertainment arena; 18-hole signature design golf facility; Health club and luxury spa; Private label restaurants; and attractions including botanical gardens and a water/snow park.

11/16/2007 FOR IMMEDIATE RELEASE
Contact: Kelly Lynch
Rasky Baerlein  (617) 443-9933 x.321