Company's Green Fuel will Harness the State's Untapped Coal Resources
SILVERADO - OTCBB: SLGLF/ Frankfurt: SLGL/ Berlin: SLGL
VANCOUVER, March 7 /CNW/ - "Progress on our Green Fuel Project is being
made on several fronts," announced Silverado's Green Fuel Inc. President,
Garry Anselmo. "We have been engaged in an enormous amount of activity
following the important signing of the Memorandum of Understanding between the
Mississippi Development Authority, the Choctaw County Supervisors, the Choctaw
County Economic Development District, and Silverado Green Fuel Inc., which
took place in Jackson, Mississippi on December 18th, 2006."
The $26 million project, to be located on 14 acres outside of Ackerman in
the Red Hills Ecoplex in Choctaw County, Mississippi, is designed to utilize
the state's vast supply of low-rank coal reserves by converting them into
Green Fuel, a new form of coal-based, environmentally friendly, low-cost,
alternative fuel. The facility will create local jobs, inject a sizable
capital investment in the local economy, and highlight Mississippi as a
national leader in alternative energy and clean coal technologies.
Silverado has been in meetings with certain Mississippi engineers and
architects regarding the timeline for permitting as well as the infrastructure
and construction needs of the project.
Visit this web link to view two perspectives of the architectural plans
for Silverado Green Fuel Inc.'s demonstration facility:
"We realize that with a first of its kind commercial demonstration
project, some time will be needed to make sure the plans are properly
executed," commented Anselmo. He continued, "While we would like these
necessary steps in the process to take less time, we are committed to the
people of Mississippi and specifically of Choctaw County. We will take
whatever time is necessary to move steadily forward and not have to backtrack
because of hasty decisions."
In addition to working out the parameters of the construction aspect of
the project, the company is close to finalizing a date for the ground-breaking
event. "There are many dignitaries who have asked to be a part of this
historic event. Trying to juggle the schedules of so many prominent people
from all parts of the globe has been a considerable task. We are within days
of putting all of the schedules together, and finding a date acceptable to
everyone," said Mr. Anselmo. "We are excited and pleased that there has been
so much interest in the project. Our Green Fuel will be a part of the "New
Energy" paradigm in the United States, so it is not surprising this endeavor
has gained so much attention."
In a related development, Silverado Green Fuel Inc. representatives have
been in contact with the Energy Caucus in the United States Senate. Anselmo
concluded, "We hope to make a presentation to the Caucus in the near future
regarding our Mississippi project. It is encouraging to see that the issue of
energy independence for the United States has become such an important topic
within its governing bodies, and we look forward to a positive relationship
with not only the Senate Caucus, but all Members of the United States House
and Senate who are interested in energy independence."
Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly
traded parent, Silverado Gold Mines Ltd. To learn more about Silverado Green
Fuel Inc., please visit http://www.silveradogreenfuel.com and the parent
public corporation at http://www.silverado.com.
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements are based on management's expectations and
beliefs, and involve risks and uncertainties. These statements may involve
known and unknown risks and uncertainties and other factors that may cause the
actual results to be materially different from the results implied herein.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.
For further information:
For further information: SILVERADO GREEN FUEL INC., Mailing Address, 505
- 1111 W., Georgia Street, Vancouver, B.C., V6E 4M3, CA, 1-800-665-4646 or
(604) 689-1535, F: (604) 682-3519, firstname.lastname@example.org,
www.silveradogreenfuel.com; Field Address, P.O. Box 83730, Fairbanks, Alaska,