Caribbean Casino & Gaming Corp. Hires High Caliber Executive Talent

MIAMI, FL--(Marketwire - May 24, 2012) - Caribbean Casino & Gaming Corp. (PINKSHEETS: CGAQ), "the Company," is pleased to add the services of Dr. Frank Leiber, a noted corporate finance consultant, in support of CEO and Chairman, Steven Swank.

Dr. Leiber brings 30 years of global executive corporate finance experience to the table, as well as extensive contacts from his work at JP Morgan, Price-Waterhouse, Moody's-KMV and others. He is also a highly respected adjunct professor of finance at NYU Stern School of Business and the University of Luxembourg School of Finance.

Dr. Leiber will work primarily on corporate structure, reorganization and new business strategies. "This is a rare opportunity for me," said Leiber, "to help grow a promising small company in such an exciting niche. I expect my expertise to focus CGAQ's business model, generate greater revenue and improve the bottom line. By being paid in shares, my interests are fully aligned with those of existing shareholders."

"I couldn't be happier to have such a high caliber expert taking part of the load off my shoulders," stated CEO Steven Swank. "Frank has great ideas, deep subject matter knowledge and the managerial skills to make things happen. The future of CGAQ is looking very bright with Frank on our team."

Work begins next week in Florida, as the two meet to review new business plans, discuss strategy and draw a map to success. A CV of Dr. Frank Leiber will be available at: http://www.sosuabaygrandcasino.com/about.php

FORWARD-LOOKING STATEMENT
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation.