Silverado Gold Mines Ltd. (OTCBB: SLGLF)(FRANKFURT: SLGL) (www.silverado.com) (the "Company" or "Silverado") has timely made its governmental mineral claim rental and royalty payments of US $94,000 and the claims are therefore in good standing.

In another matter: the Company received its exploration, drilling, and underground working permit as requested. The multi-use permit, which is typically assigned year by year, was issued for a five-year period.

The Company, in its 38 years working in Alaska, has always maintained an open and co-operative policy with the 51 individuals representing regulatory bodies who are responsible for environment, mine safety, wildlife, and a myriad of other disciplines.

Our policy of open discussion prior to permit application with the many highly qualified regulatory officials that represent governmental policy for the protection and stewardship of Alaska lands, its resources and people, has benefited Silverado immeasurably. This valued relationship has led to noteworthy achievements including federal government construction of a $1,000,000 road from the Dalton Highway, seven miles to the Nolan mine site, and the classification of Nolan as an industrial stream (one of only two in the State) thereby allowing the discharge of solid particles into the environment. Nonetheless, the Company has practiced in all cases and will continue to practice a policy of "zero discharge" to the environment.

As metallurgical work on the Nolan ore has shown it to be amenable to easy separation of its constituents, we have been able to achieve high rates of gold and antimony recovery using only water and gravity, thereby eliminating the need for the use of chemicals. Our continued efforts to develop and implement such practices, have allowed us to build an excellent working relationship with the governmental officials without whose invaluable input and assistance, success would not be possible.

On Behalf of the Board

Silverado Gold Mines Ltd,

G. L. Anselmo, President, CEO & COO

About the Company