Spectre Gaming Announces Exclusive Contract for 1,000 Machines with Central Florida Bingo Operator

Spectre Gaming, Inc. (OTC Bulletin Board: SGMG) today announced one of the largest contracts to be signed by Spectre in the Florida market. The agreement calls for a commitment of 1,000 machines over the next 2 years, with the first installation expected to begin within 30 days.

D. Bradly Olah, CEO of Spectre Gaming stated, "This new contract represents the re-igniting of our sales process that has been somewhat on hold over the past few months as the company catches up with critical installations for customers who have been patiently waiting for games. The backlog for our games is large and demand continues to be very strong. Momentum is building for our compliant games and market acceptance by customers is growing. We now have over 10,000 players in our customer database in combination with our partners and continue to build on this number every day.

We continue to believe that Spectre is the leader in the underserved AWP market and will continue to expand as we stay on course with our aggressive installation plan."

About Spectre Gaming

Spectre Gaming Inc., with offices at 14200 23rd Avenue N., Minneapolis, MN 55447 is a provider of proprietary interactive electronic amusement-with-prize (AWP) and charitable gaming markets. The Company designs and develops networks, software and content that provide its customers with a comprehensive gaming system.

Risk Factors and Forward-Looking Statements

This news release contains various "forward-looking statements" which are not historical in nature, including but not limited to statements using the terms "may," "expect to," "believe," "should," "anticipate," and other language using a future aspect. Such statements should be viewed as uncertain and should not be relied upon. Although our management believes that the results reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the expectations expressed in such forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include those set forth in the Company's annual report on Form 10-KSB/A for the year ended December 31, 2005, and in other filings made, from time to time, by the Company with the Securities and Exchange Commission, including the Company's quarterly report filed on November 14, 2006, and the Company's registration statements on Form SB-2 filed on October 2 and 5, 2006. The forward-looking statements contained herein speak only as of the date when made and the Company does not undertake to update such statements.