ABOUT EAGLE CREEK

The Eagle Creek Property is located 15 miles north of Fairbanks, Alaska, 12 miles northeast of the Ester Dome Project, 6 miles southeast of the Kinross True North Gold Deposit (adjoining claims on which Silverado has an overriding production royalty) and 30 miles south of Kinross’ Fort Knox producing gold mine.

Historically, Eagle Creek was Alaska’s second largest antimony producer. In the late 1980’s, Silverado built a 100 tons per day (TPD) gravity plant and processed the old mine dumps, successfully selling all antimony produced.

In addition to the high-grade gold bearing quartz veins found on Silverado’s large Eagle Creek property, the Company, in 2006, identified what appeared to be a gold mineralized pluton which is a granitic or igneous (fire formed) rock located on the claims above the placer gold Treasure Creek portion of the property. This may lead to the development of a significant gold deposit, and may make ideal feedstock for the Kinross Fort Knox mill nearby.

Annual assessment work will be carried out on the property to keep the mining claims in good standing. Assessment work will be focused on the northwest part of the claim block, where drilling and trenching has defined an intrusive host rock thought to be a sill, containing low grade gold, silver and antimony mineralization. The Company has been approached by three major companies and we may decide to commence the review process on the Eagle Creek project.