Silverado Gold Mines Ltd.

COMPANY DATA | INTRODUCTION |  SILVERADO GOLD MINES PROJECT
MANAGEMENT | NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Silverado Gold Mines Ltd. is an international company focused on gold and a new environmentally friendly - fuel technology. Silverado has committed over 3 decades of work to the exploration, development and test mining of gold properties throughout western North America. In the mid-1980's, the Company decided to focus all its efforts in Alaska. Since then it has sold $20 Million USD of combined gold and silver bars and gold nuggets derived from test mining on a small but representative part of its extensive property holdings. The Company has also developed excellent relationships with Alaska's government agencies and political leaders.

On another front, Silverado has been working five years with and through the head of its "Low-Rank Coal-Water Fuel (LRCWFuel)" division, Dr. Warrack Willson, who is an industry leader in the development of LRCWFuel. This fuel is made from sub-bituminous coal and in its finished form is a non-toxic, non-hazardous strategic (liquid) fuel. It substitutes for oil in the creation of industrial heat, the generation of electricity and the running of large diesel plants, at a projected oil equivalent production cost of under $15 per barrel.

Funding for the demonstration phase of this project is currently being considered by the US Government. Silverado is also negotiating private sector funding for the construction of an Ecoplex to further process the LRCWFuel in order to extract gasoline, diesel, jet fuel, plastics, explosives, fertilizers and other synthetic petrochemical products.

SILVERADO GOLD MINES PROJECT

(1) Nolan Gold Project

One of Alaska's most famous mining camps, the Nolan Gold Mine (owned by Silverado) and the surrounding Hammond area (under Silverado's option) together produced some 200,000 troy ounces of gold from as far back as 1902. The largest nugget was 136 troy ounces. The largest found by Silverado was 41.35 troy ounces (31.1035 grams = one troy ounce).

Nolan Project Infrastructure:

- 35 person camp - roads - processing facilities - mining equipment
- machine shops - heavy equipment

Silverado has discovered very rich gold nugget laden bedrock in the floor of the Swede Channel. Periodic scans with a metal detector and panned samples of the bedrock and gravel interface have produced an impressive array of placer gold ranging in size from gold nuggets weighing up to nearly 2/3rds of a troy ounce apiece to small grains or fines.

From their knowledge of this property, results such as these indicate that the gold bearing stockpile, which will have its gold extracted this summer, could contain significant values in high quality jewelry grade gold nugget and placer gold fines.

Tunneling has progressed approximately 750 feet into the mountainside as it follows the Swede Channel pay streak. The tunnel is being advanced at an average rate of nearly 20 feet per day. This development and gold recovery project began in November 2005, and the work will provide ore through 2007. Additional ore zones are being developed on this 11 square mile property where all drainage streams contain gold.

(2) Ester Dome Gold Project

In 1978, Silverado began acquiring, exploring, developing, and test mining gold deposits on Ester Dome. This geologic structure is located 10 road miles northwest of Fairbanks, Alaska. One of these gold deposits, the Grant Gold Mine, is located between the world class Fort Knox gold mine and Ryan Lode gold property, both owned by Kinross Gold Corporation.

Open-cut and underground test mining and milling on Ester Dome was conducted from 1983 to 1989 after which operations were suspended due to low gold prices. Drilling, which began in 1979 was carried on through 1994. Positive results from this drilling in conjunction with today's substantially higher gold prices (1979 - USD$321 ounce vs 2006 - USD$560/ounce) has caused Silverado to re-examine its data. During 2004, two independent qualified technical reports were completed on this property. These reports both recommended continuing work with a view to re-opening this project.

All work except for the two independent technical reports has been done under the direction of Edward J. Armstrong, CPG, President of Silverado's Alaska subsidiary and a qualified person under the guidelines of National Instrument 43-101.

Silverado Green Fuel Inc.

Silverado Green Fuel Inc., a wholly owned Alaska subsidiary of Silverado Gold Mines Ltd., is working to bring to market its Low-Rank Coal-Water fuel (LRCWFuel).

Silverado has been working five years with and through the head of their "green fuel" division, Dr. Warrack Willson, who is an industry leader in the development of low-rank coal-water fuel. This fuel is made from low-rank coal and in its finished form is a non-toxic, non-hazardous strategic (liquid) fuel. It substitutes for oil in the creation of industrial heat, the generation of electricity and the running of large diesel plants, at a projected oil equivalent production cost of under $15 per barrel.

LRCWF is not a new fuel, but rather, a new fuel form. By further treatment of LRCWFuel using processes such as Texaco Gasification and Fischer Tropsch Liquification, several synfuels and synthetic petrochemicals can be created including jet fuel, rocket fuel, gasoline, diesel fuel, fertilizer, explosives, plastics, and other products,

Silverado is planning for the construction of an Ecoplex to further process LRCWFuel in order to create synfuels and synthetic petrochemicals is now in progress.

Silverado is in the process of funding two demonstration facilities through the United States Government. Funding through the private sector is also being considered to facilitate commercial production.

On Ester Dome just outside of Fairbanks, Alaska, Silverado owns an idled gold recovery plant of adequate size, and which contains nearly half of the equipment necessary, to complete construction of one of their proposed LRCWFuel demonstration facilities.

Silverado is working with United States Department of Defense (DoD) officials regarding the inclusion of LRCWFuel in the DoD's Clean Fuel Initiative.

DoD Scientists working on the Clean Fuel Initiative have examined Silverado's Hydrothermal Treatment process used in creating LRCWFuel and commented that they are impressed with both the technology and the possibility of using this alternative energy product as a raw feed-stock for the production of synthetic fuels for the military.

MANAGEMENT

Silverado Gold Mines Ltd. has a professional management with wide and varied experience in resource acquisition, development and exploitation.

Garry L. Anselmo, B.A., Chairman, CEO, President - Silverado Gold Mines Ltd.
Mr. Anselmo brings to the Company 45 years' experience in mining and financing. He has directed Silverado's growth since its inception; funding and spearheading a wide range of successful exploration, development, and mining programs. Mr. Amselmo's extensive experience includes field explorations with America Metals Climax, Anaconda American Brass, and Kennecott Copper where he began work on mineral explorations at age 17.

Edward J. Armstrong, C.P.G., President - Silverado Green Fuel Inc.
Mr. Armstrong, who oversees Silverado's Alaska Projects, is both a professional geologist and environmental consultant to the mining industry. For the past 25 years he has directed a wide variety of environmental and mining-related projects. In the early 1990's, he acted as a Contaminated Sites Program Manager for the State of Alaska's Department of Environmental Conservation. He has also been instrumental in developing Silverado's Nolan Creek and Ester Dome Projects.

Warrack G. Willson, Ph.D., Vice President - Silverado Green Fuel Inc.
Dr. Willson, a consultant with over 30 years' experience in the energy and fuel sectors, holds a Ph.D. in Physical Chemistry and a Supervisory Chemical Engineering Rating from the U.S. Civil Service Commission. He directs all technical aspects of Silverado's Low-Rank Coal-Water Fuel (LRCWFuel) venture, particularly with regards to technology, feasibility and joint venture programs with U.S. Government agencies.

Roger C. Burggraf, B.S., Environment / Safety Administrator, Land Man, Alaska
Mr. Burggraf has worked in the environmental and mine safety sectors for over 27 years. He holds a B.S. in Wildlife Management and Conservation with a minor in Geology. Presently he directs Silverado's external relations with Alaska agencies, ensuring the Company meets all environmental and safety standards. From 1977 to 1994, he has been responsible for permitting, claim maintenance and safety for Silverado's Grant Mine in Alaska. Mr. Burggraf is a member of the Alaska Miners Association and a former member of the Alaska Minerals Commission (appointed by the Governor of Alaska).

NEWS UPDATE

On March 7, 2007, Silverado Green Fuel Inc. President, Garry Anselmo announced that progress on their Green Fuel Project is being made on several fronts. They have been engaged in an enormous amount of activity following the important signing of the Memorandum of Understanding between the Mississippi Development Authority, the Choctaw County Supervisors, the Choctaw County Economic Development District, and Silverado Green Fuel Inc., which took place in Jackson, Mississippi on December 18, 2006. Silverado has been in meetings with certain Mississippi engineers and architects regarding the timeline for permitting as well as the infrastructure and construction needs of the project.

On February 23, 2007 Silverado Gold Mines Ltd. announced that a 13.78 troy ounce gold nugget has been found in the Mary's East underground workings during sampling and grade control work. Gold nuggets of this size range are rare, and accordingly priced. The Nolan properties are famed for producing some of the largest gold nuggets ever found in Alaska. In addition to the big nugget, many other gold nuggets are being found, all of them are of jewelry quality.

On February 15, 2007 Silverado Gold Mines Ltd. will features on National TV, BTV Business Television profile on February 17 and February 18.

On January 29, 2007 Silverado Gold Mines announced that drill hole 06SH01 successfully confirmed the presence of the Au-Sb-Qtz vein systems of the "main zone" to a vertical depth of 210 ft over a projected horizontal width of 125ft. a total of 57 drill cutting samples, each with a 5 foot sample interval, were collected during the drilling program and submitted to ALS Chemes in Fairbanks for analysis. Out of these 57 samples, 10 samples show gold values greater than 0.01 ounces per ton (opt) Au and ranging up to 0.06 opt Au. In addition to the gold values, 7 of the 57 drill samples have antimony values greater than 0.1%Sb, and ranging up to 2.51%Sb.

On January 22, 2007 Silverado Gold Mines Ltd. announced discovery of first high grade lode gold (nugget source) at Nolan property-high antimony values also encountered. A total of 71 combined chip and channel rock samples were collected during the trenching program and submitted to ALS Chemex in Fairbanks for analysis. Out of these 71 samples, 32 show values higher than 0.01 ounces of gold per ton (opt) and range from 0.01 opt to 0.83 opt. These results confirm that high-grade lode gold mineralized quartz veins exist in the Solomon Shear Zone.

On January 5, 2007, Silverado Gold Mines Ltd. announced that its shares currently trade on the Frankfurt Stock Exchange under the symbol SLGL; as well as the OTC under the symbol SLGLF. The rules and regulations guiding Registered Retirement Savings Plans (RRSPs) in Canada state that: securities trading on the Frankfurt Stock in Germany qualify as eligible RRSP investments. Therefore Silverado shares qualify for Canadian RRSps.

On January 4, 2007, Silverado Gold Mines Ltd. announced that placer mining in the remaining underground portions of the Swede Channel on its Nolan property is over 70% complete. More high grade gold ore found while mining the Swede Channel. Drilling Mary's East ore zone discloses additional high grade gold ore.

On October 30, 2006, Silverado Gold Mines Ltd. announced that its results of its 2006 mining, gold recovery, drilling and geological work indicate the close proximity of a potentially large and rich lode gold deposit. The just-completed work has yielded an abundance of evidence which points to the location of such a deposit at the Company's Nolan placer gold mine.

On September 25, 2006, Silverado Gold Mines Ltd. announced that its recent drilling on a portion of the Slisco bench, located on the Hammond River portion of the Nolan property, has disclosed a very high-grade placer gold results. A total of 39 drill holes were completed at Slisco bench during this summer's exploration program. To date, 20 out of 39 drill holes have been processed and analysed for placer gold. Out of these 20, 11 drill holes show visible gold with values ranging from 0.009 to 0.495 troy ounces per cubic yard.

On August 7, 2006, Silverado Gold Mines Ltd. announced that gold recovery and processing operations at the Nolan Gold Mine, located north of Fairbanks, Alaska are nearing completion. To date over $1,000,000 of large jewelry grade gold and collector's nuggets have been recovered and polished for sale. These nuggets are among the finest the area has yielded.

In addition to the jewelry grade gold mentioned above, Silverado is currently making preparation to extract the 3/16" and smaller gold from concentrates. Once this gold is extracted, the Company will polish it to further enhance its value. While this extra treatment requires more work than smelting, the value of the end product is 20% higher than the untreated gold.

On July 18, 2006, Silverado Gold Mines Ltd. reported that the gold recovery operations at the Nolan gold mine located north of Fairbanks, Alaska, are proceeding well and preliminary results are showing an abundance of large gold with extremely fine character. The gold is high-quality jewellery grade and is the finest that the ground yielded to date. In prior test production years, about $10 million (U.S.) in gold was sold. The average sales price of the gold nuggets was 67% over the price of gold due to their jewellery quality.

On June 12, 2006, Silverado Gold Mines Ltd. reported that the president, Garry L. Anselmo, has just returned from a week-long inspection of operations at the Nolan gold mine, located 280 road miles North of Fairbanks, Alaska. The crew is working aggressively to install the gold concentration equipment and to finish installation of the ponds systems, pipelines and pumps. Gold recovery is scheduled to begin June 21, and will be facilitated by using water and gravity methods, which results in a zero discharge to the environment operation. The sluice box is being modified to include additional nugget traps and classification methods to collect the different sizes of gold nuggets more efficiently. 

A drilling program is set to get under way within a week. The drill geologist is on site and working with mine management to optimize the exploration spending. The company will be looking at areas of the project which are the most likely to support the kind of underground mining it did last winter and also plans to do this coming winter. In addition, the company has found at least one area which is shaping up to be a low cost open cut placer gold project.

On May 23, 2006, Silverado Gold Mines Ltd. has added to its mineral claim holdings at the Nolan gold project, by the acquisition of 13 federal placer claims and 237 federal lode claims, increasing the total holdings to more than 11 square miles of area. The company now holds 342 federal lode and 218 federal placer claims in Nolan land package. There is substantial evidence for a lode source of the big gold nuggets that the company has been finding in the sluice boxes for the past 27 years. The geochemical and geophysical data have supported that position.

On March 23, 2006, in response to the requests of several Congressmen and Senators, Silverado Green Fuel Inc. had submitted technical data on its Low-Rank Coal-Water Fuel (LRCWFuel) - Hydrothermal Treatment process to the Department of Energy and the Department of Defense. This submission will be reviewed and considered for inclusion in the current coal-to-liquid fuel study being conducted by the US Government.

The study, which will analyze coal-to-liquid fuel technologies currently available, was mandated by an amendment to the Defense Authorization Bill passed by Congress last December. The purpose of the study is to require the preparation of a development plan for a national coal-to-liquid fuels program.

"We are pleased to be able to supply the Department of Defense and Energy with the information relevant to our Green Fuel Project. While we realize the generally accepted definition of coal-to-liquid fuels refers to the synthetic fuels that are derived from gasification of coal, our product provides immediate entree into the marketplace by providing fuel for oil-fired boilers. LRCWFuel also provides an ideal feed stock to create synthesis gas for the Fischer-Tropsch production of synthetic fuel. We continue to work closely with Congressmen and Senators from several states and are near to realizing our initial goal of a Commercial Demonstration Facility," said Garry Anselmo, Chairman and CEO of Silverado Green Fuel Inc.

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