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Carib Gaming Opening New Facility

Turquoise Development, Inc. (Pink Sheets:TQDC) announced that Carib Gaming, the largest gaming operator on the Turks and Caicos Islands, is slated to open its new casino-style slot parlor on December 8, 2006. Turquoise Development owns a 25% stake in Carib Gaming.
 
Carib Gaming will now offer casino style games such as Black Jack, Roulette and Poker as well as traditional slot machines, as it currently offers in 23 locations on the Turks and Caicos Islands. "This new and unique entertainment is just what is needed in this fast growing tourist destination. We strongly feel that this expansion will be a driver towards further revenue growth," remarked Turquoise president Jason Gin.

This news release contains forward-looking statements regarding Turquoise's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulato

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