Peter R. LaFemina, Investor Relations

Phoenix Leisure Files to Apply for Gaming License in Mississippi
Notice of Intent approved by the Mississippi Gaming Commission
LAS VEGAS, Nevada, July 19, 1999 – Phoenix Leisure Corporation (VSE: PLS) announced today that it has filed a Notice of Intent to apply for a gaming license with the Mississippi Gaming Commission.  The Notice of Intent represents the first formal step required by the Mississippi Gaming Commission regulations to license a gaming facility.  The Notice of Intent was subsequently approved by the Mississippi Gaming Commission, clearing the way for the Company to proceed with the next phase of licensing.
"This action puts us on course to continue with our plans to bring a quality resort to the Gulf Coast," said Phoenix Leisure’s Chairman and President, Eric Nelson.  "We are excited about demonstrating the strengths of our site development plan to the commissioners and county officials."  The written notice filing is followed by site assessments, site development plan reviews, and comprehensive background investigative checks according to the regulatory process imposed by the Mississippi Gaming Commission.
Headquartered in Las Vegas, Phoenix Leisure Corporation is an emerging developer and operator of niche opportunities in the gaming, hospitality and entertainment industry. Phoenix Leisure Corporation’s Chairman of the Board and President, Eric L. Nelson previously developed dockside gaming facilities in Greenville and Tunica, Mississippi.  The company’s stock is publicly traded on the Vancouver Stock Exchange under the symbol "PLS".

Statements in this release which are not historical facts are "forward looking" statements and "safe harbor statements" under the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company’s public filings with the Canadian Securities Administrator’s SEDAR® database and the Vancouver Stock Exchange.

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