Stakes, a story about perseverance and hope in the face of adversity, has inched one step closer to the drop of the clapperboard with its Wagga-based cast announced this week.

Adam Drummond and Steven Holt - who both appeared in Backyard Ashes - and Bob Hitchens, president of the Wagga School of Arts Community Theatre, have been cast for prominent positions.

Associate producer Ms Elizabeth said the production team will be announcing the 60-strong cast list soon.

"A lot of bright and intelligent people have wanted to get in this movie," she said.

"It's going to really launch their careers."

The film has a $500,000 production budget and shooting will begin next week.

Stakes follows the story of Bridget and Jodie who enter their horses into the relentless racing industry in a desperate bid to save the family farm.

"When I first looked at the script we definitely thought it was something that was going to appeal to people," Ms Elizabeth said.

"It gives the person a strong feeling that no matter what there is always hope."

The month-and-a-half production is the first feature film for Ms Elizabeth who is a graduate of Charles Sturt University.

She is joined by Ken Hammond who said the movie will stand apart from Hollywood blockbusters as an iconic Australian movie.

Mr Hammond said the team behind the movie is planning an initial release to more than 100 cinemas.

"This one especially has already had such a high degree of local content," he said.

"We're all really looking forward to its release."

The movie is scheduled for release in November to coincide with the Melbourne Cup.