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News Release for January 7, 2010…

Silverado Announces Updated 2009 Mineral Resource Estimates for Workman’s and Pringle Bench Gold and Antimony Deposits at Nolan Creek, Northern Alaska

GENERAL NOTE REGARDING ESTIMATES

Process Recovery Rates of 85% for antimony and 90% for gold (as provided by Hazen Research from work done on an underground bulk sample from the D tunnel of the Workman’s Bench A vein and using gravity and water recovery systems only).

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