VANCOUVER, Sept. 10 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd. (the "Company" or "Silverado") SLGLF OTCBB, SLGL Frankfurt,
http://www.silverado.com, is pleased to announce that it has engaged an independent mining consulting company to prepare a pre-feasibility study to assess the potential commercial development of the gold and antimony lode deposits at Workman's Bench on the Company's Nolan Creek property in
Alaska. The pre-feasibility study will utilize exploration work completed by Silverado during 2007 and 2008. The mineral resource estimate for the Nolan Creek property has been reported in a NI 43- 101 Technical Report entitled "Estimation of Lode and Placer Mineral Resources, Nolan Creek Valley, Wiseman B-1 Quadrangle, Koyukuk, District, Northern Alaska", dated July 29, 2008, prepared by Thomas K. Bundtzen of Pacific Rim Geological Consulting, Inc., which is available on SEDAR at http://www.sedar.com.

The preliminary feasibility study is expected to be completed within the Fourth Quarter of 2008.

Silverado further announces that it has received the results of geophysical surveys, using very low frequency electromagnetic (VLF-EM) techniques, carried out on the Nolan Creek Property in 2008. The Fortress and Saddle Zones disclosed additional strong conductors (geological structures) to those located in 2007. These geological structures exist at
and around the northeast end of Solomon's Shear Zone and are at the headwaters of Thompson Pup Creek where Silverado extracted many fresh
(sharp-edged) gold crystals as part of its previous operations. These structures are interpreted to possibly represent mineralized zones as: (i)
they relate to gold and antimony geochemical soil anomalies which overlie some of these geological structures; and (ii) samples taken from quartz
carbonate veins within these structures have assayed as high as 0.24 oz gold per ton on the Fortress Zone and 28.09% antimony per ton on the Saddle Zone.

Additional VLF-EM surveys carried out in 2008 disclosed strong conductors on the "Hillside" part of Solomon's Shear Zone coincident with strong gold-arsenic-antimony soil anomalies in an area uphill from the many gold nuggets (as large as 41.5 oz) that Silverado has recovered from its previous operations at Nolan Creek.

Dr. Karsten Eden, Certified Professional Geologist and European Geologist, and Vice President Exploration of Silverado Gold Mines Inc., is the qualified person as defined by Canadian National Instrument 43-101 for the Company, and has verified the data contained in this news release.

About the Company

The Company is an exploration stage company 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% interest in numerous mining claims located on the Nolan Creek property.
Please visit http://www.silverado.com

The Company is developing low-rank coal water fuel that is designed to be produced from low-rank coal and processed into an environmentally friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. For more information about Silverado Green Fuel Inc., please visit
http://www.silveradogreenfuel.com/

THE GRIM REAPER