Silverado Gold Mines Ltd. (the "Company" or "Silverado") (OTCBB: SLGLF, Frankfurt: SLGL, www.silverado.com) 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.