FAIRBANKS, AK and VANCOUVER, Oct. 31 /PRNewswire-FirstCall/ - Silverado Gold Mines announced today that BUYINS.NET, www.buyins.net, is reiterating coverage of Silverado Gold Mines Ltd. (OTCBB: SLGLF, Frankfurt: SLGL) after releasing the latest short sale data to October 2007. From November 2005 to October 2007 approximately 1.9 billion total aggregate shares of SLGLF have traded for a total dollar value of nearly $184 million. The total aggregate number of shares shorted in this time period is approximately 143.4 million shares. The SLGLF SqueezeTrigger price of $0.099 is the volume weighted average short price of all short selling in SLGLF. The first of several short squeezes is expected to begin when shares of SLGLF close above $0.08, where approximately 12 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.      Month               Total Vol.      Short Vol.  Avg. Price  Short $ Value     -----               ----------      ----------  ----------  -------------      November '05         47,415,264      3,650,975    $  0.05   $    185,470     December             47,438,328      3,652,751    $  0.05   $    199,075     January '06         122,033,336      9,396,567    $  0.07   $    615,475     February            189,994,688     14,629,591    $  0.13   $  1,891,606     March               156,206,576     12,027,906    $  0.13   $  1,539,572     April                61,520,024      4,737,042    $  0.14   $    653,712     May                 101,845,760      7,842,124    $  0.13   $  1,043,002     June                 78,434,792      6,039,479    $  0.09   $    557,444     July                 45,359,144      3,492,654    $  0.07   $    253,916     August               51,298,712      3,950,001    $  0.06   $    246,480     September            37,960,444      2,922,954    $  0.06   $    167,778     October              44,988,568      3,464,120    $  0.05   $    184,291     November             62,318,912      4,798,556    $  0.07   $    322,463     December            107,849,968      8,304,448    $  0.09   $    749,892     January '07         111,579,096      8,591,590    $  0.09   $    788,708     February            112,156,848      8,636,077    $  0.11   $    951,696     March                64,966,144      5,002,393    $  0.12   $    591,283     April                89,153,200      6,864,796    $  0.14   $    939,104     May                  79,993,216      6,159,478    $  0.11   $    684,934     June                 52,376,568      4,032,996    $  0.10   $    390,797     July                 41,647,588      3,206,864    $  0.09   $    287,014     August               58,672,384      4,517,774    $  0.08   $    346,061     September            48,592,360      3,741,612    $  0.08   $    288,478     October              48,328,000      3,721,256    $  0.08   $    290,630      Total:            1,862,129,920    143,384,004    $ 0.099   $ 14,168,881      (x)   short volume is approximated using a proprietary algorithm.     (xx)  average short price is calculated using a volume weighted average           short price.     (xxx) short volume is the total short trade volume and does not account           for covers.      A recent technical report from Trade System Guru has been released at:      http://tradesystemguru.com/content/view/102/9/ 

This report reveals the current technical formation of SLGLF and a potential breakout that is forming.

About Silverado Gold Mines Ltd.

Silverado Gold Mines Ltd. is an international company focused