"SLGLF continues to find significant gold mineralization within wall rocks enveloping high grade gold/antimony veins at Nolan Creek. The map overleaf depicted at http://www.silverado.com/i/nr/09dec11-01-lg.jpg and prepared by Silverado geologist Karl Sharp shows the 2.5 mile-long section or side view of Solomon's Shear Zone on Silverado's Nolan Gold/Antimony property in the Wiseman area of northern Alaska. The yellow areas shown below the surface of Solomon's Shear Zone disclose areas from which historic, pre-1965 placer mines and more recently, Silverado's test-mining activities, produced gold nuggets and as such are evidence that the 2.5-mile portion shown contains gold throughout its length. Geochemistry, geophysics, prospecting, trenching and drilling have confirmed this finding."

Garry Anselmo, CEO of Silverado Gold Mines Ltd., added, "We believe that the investment community may overlook our recent achievements. Our current climate shows a marked increase in global demand and a favorable long-term outlook for both gold and antimony. As detailed within this report, Silverado's Nolan project is closer than ever to achieving it's goal of delivering gold and antimony to market."