SEC and BCSC Complete Reviews of Silverado

SEC and BCSC Complete Reviews of Silverado

Silverado Gold Mines Ltd. was notified on January 26, 2009 by the Securities and Exchange Commission that they had completed their review of the Company’s 2007 Form 10-KSB and related filings and had no further comments.

On the same date, the British Columbia Securities Commission also advised Silverado that they had removed the Company from their Issuer in Default list and had concluded their review.

Silverado Gold Mines Ltd., a publicly traded company, is an exploration-stage enterprise focused on the exploration of gold properties, with some past production, and the development of new environmentally friendly low-rank coal water fuel technology. The Company has gold properties located throughout Alaska, which include a 100 percent (100%) interest in numerous mining claims located on the Nolan Creek property. For more information about Silverado Gold Mines Ltd, please visit www.silverado.com.

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