Midas Entertainment to Launch High Stakes Tournaments at CityPoker.com

Midas Entertainment to Launch High Stakes Tournaments at CityPoker.com DAVIE, Fla., Jan. 19 /PRNewswire-FirstCall/ -- Midas Entertainment, Inc. (OTC Pink Sheets: MDAS), an online poker software company, announced today that its Internet property, CityPoker.com, will be hosting tournaments in which players could win entry to the EPT French Open Deauville Poker Tournament, February 15th through the 19th, and the WPT Bay 101 Shooting Star Poker Tournament, March 7th through the 11th. Full details on those tournaments, and others, can be found on http://www.citypoker.com/ . Midas Entertainment's President, George Gutierrez, remarked, "There is a unique buzz surrounding the Poker industry today with the growing number of land-based tournaments being produced by groups including the World Poker Tour; consecutive record jackpots at the World Series of Poker; the growing number of televised, land-based events on ESPN and the Travel Channel; and the newly released television series 'Tilt' on ESPN. Collaborations between online and land-based gaming groups, allowing online winners the chance to play in land-based tournaments, have been a huge hit. The past two World Series of Poker Champions earned their way into that tournament by winning online tournaments. We are excited that CityPoker.com is able to provide these types of opportunities to our online players." About Midas Entertainment, Inc. Midas' wholly owned subsidiary, Creative Millennium Ventures, provides gaming software to online-poker sites including CityPoker.com, KingMidasPoker.com, DesertPoker.com and SharkPoker.com. Midas' operations were spun-off from AngelCiti Entertainment, Inc. (BULLETIN BOARD: AGCI) and into Midas in July 2004. AngelCiti owns 4.6 million shares in Midas Entertainment. This news release contains forward-looking statements regarding Midas' business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the Internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and Midas disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Midas' expectations or future events. The representations of net handle and gross net win in this press release are presented as measures of performance for the company that are different from those presented in the income statement in accordance with Regulation G promulgated by the Securities and Exchange Commission and are not to be considered as revenue or a GAAP related financial disclosure criteria. For more information, contact: OTC Financial Network Midas Entertainment, Inc. Rick McCaffrey, Investor Relations Gabriella Jarquin 781-444-6100 x625 888-765-3781 rick@otcfn.comGabriela@Midas-Gaming.com Source: Midas Entertainment, Inc. CONTACT: Gabriella Jarquin of Midas Entertainment, Inc., +1-888-765-3781, or Gabriela@Midas-Gaming.com; or Investors, Rick McCaffrey, Investor Relations, OTC Financial Network, +1-781-444-6100, ext. 625, or rick@otcfn.com, for Midas Entertainment, Inc. Web site: http://www.citypoker.com/ ------- Profile: International Entertainment