SOURCE: Elray Resources, Inc.

Elray Resources, Inc.

March 31, 2011 08:30 ET

Elray Gaming Positions Itself for Potential Changes in U.S. Gaming Laws, Establishes U.S. Office

NEW YORK, NY--(Marketwire - March 31, 2011) - Elray Resources, Inc (OTCBB: ELRA) has announced the establishment of a U.S. office for its online gaming division, Elray Gaming, in preparation for potential changes to U.S. gaming laws.

The Company has opened corporate offices in New York City in order to meet operational requirements put forth by lawmakers in pending state and federal legislation. Under the proposed bills, internet-enabled gaming operations must adhere to strict rules including locally based operations and technology that allows for IP address restrictions and user age verification.

Brian Goodman, the CEO of Elray Resources, commented, "With the establishment of a New York office, we feel we are fully compliant with all pending legislation changes allowing for potential entry into the U.S. online gaming market. Our technology already meets the state and federal standards proposed and the opening of our New York office is the final step."

The Company understands the importance of developing a strong communication line to its shareholders. Thus, the company has established a corporate website to reflect the new operations.

About Elray Gaming

Elray is an established Global Online Gaming entity which owns and licenses Gaming Intellectual Property, Gaming Domains, Trademarks and Player Databases. Operations are headquartered in Curacao, Netherland Antilles and maintain offices, representatives and support facilities in the United States, United Kingdom, Australia, South Africa, Mauritius, Israel and the Philippines. Elray's business model is to offer Internet Gaming Products to non-US players in jurisdictions where online gaming is permitted.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

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