ECP Canterbury Park Holding Corp

Canterbury Park Holding Corporation (AMEX:ECP) today announced that its Board of Directors has declared a special cash dividend of $.25 per share of common stock payable to shareholders of record on June 20, 2008. The dividend will be distributed on July 11, 2008. The Company currently has approximately 4,028,893 shares of common stock outstanding. The Company stated that it has not adopted any plan or policy with regard to paying dividends and that, after the dividend payable July 11, 2008 is distributed, any further dividend action, if any, by the Board of Directors will be based on the Company�s earnings, projected future earnings and cash requirements at such time as a further dividend is considered. Additionally, the Company announced at the shareholders� meeting today that the following directors were reelected to a one-year term: Patrick R. Cruzen, Burton F. Dahlberg, Carin J. Offerman, Curtis A. Sampson, Randall D. Sampson, and Dale H. Schenian. About Canterbury Park: Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts �unbanked� card games at its Canterbury Park Racetrack and Card Club facility in Shakopee, Minnesota. The Company�s 67-day 2008 live race meet began on May 3rd and ends September 1, 2008. Canterbury Park�s Card Club operates 24 hours a day, seven days a week, and receives collection revenues from 34 poker tables, and 16 tables offering a variety of casino style card games. The Company also conducts year-round wagering of simulcast horse racing and hosts a variety of other entertainment and special events at its facility. For more information about the Company, please visit us at www.canterburypark.com. Cautionary Statement: This release contains or may contain forward-looking statements based on management�s beliefs and assumptions. Such statements are subject to various risks and uncertainties that could cause results to vary materially. Please refer to the Company�s SEC filings for a discussion of such factors.