CyberAmerica Corp. Receives Final Approval of Casino Development Master Plan.

OASIS, Nev.--(BUSINESS WIRE)--April 16, 1999--

Elko County, NV Master Plan approval

includes 1,079 acres of CyberAmerica Property

CyberAmerica Corp., (OTC BB:CYAA) Friday announced that it has received final approval by Elko County Planning Commission for its Oasis Master Plan Development.

The Master Plan includes zoning change and development approval of the company's 1,079 acres which it currently owns at the Intersection of I-80 and State Road 233 in Oasis.

Approval by the commission included the following;

-- 306 acres of the company's property zoned for Hotel and Casino

development.

-- 342 acres for single and medium density residential development.

-- 367 acres for Signature Golf Course development including approx.

230 residential estate lots surrounding the course.

MGM Grand (NYSE:MGG) reports that its flagship property in Las Vegas, MGM Grand Hotel and Casino - The City of Entertainment is experiencing record first quarter 1999 occupancy of 96.5% vs. 90.6% in the comparable 1998 period, with average daily rates-to-year.

Occupancy rates at the company's New York - New York Hotel and Casino are currently 97.8% compared with 88.9% in 1998. Others in this industry group include Trump Hotels (NYSE:DJT), Circus Circus (NYSE:CIR), Mirage (NYSE:MIR), Harrahs (NYSE:HET), Hilton (NYSE:HLT), Park Place Ent. (NYSE:PPE), Caesars/Starwood (NYSE:HOT).

When asked to comment, Richard Surber, president, stated, "We are very excited with the endorsement Cyberamerica, Inc. has received from the Planning Commission. Although the company has not yet acquired a financing commitment for the development we have already sold 22 acres of the commercially zoned property to two separate purchasers.

"We feel the Master Plan approval can only attract greater positive attention to the Company's Oasis development, and possible joint venture partners."

Certain statements made herein that are not historical are forward-looking with the meaning of the Private Securities Litigation reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties.

Investors who seek more information about the company's business and relevant risk factors may wish to review the company's periodic reports filed with the Securities and Exchange Commission including, but not limited, its most recent annual Report of Form 10-KSB and Quarterly Report on Form 10-QSB.