Silverado Announces New Drill Hole Assay Results At Nolan Creek That Continue to Disclose Gold and Antimony Mineralization



    VANCOUVER, Oct. 6 /CNW/ - Silverado Gold Mines Ltd. (the "Company" or
"Silverado") SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, announces that it
has now received all assays of mineralized veins for drill holes 08SH20
through 08SH24 from its drilling program on its Nolan Creek property. This
season, the Company completed 34 drill holes totaling 11,597 ft as part of its
2008 exploration drilling at Workman's Bench, the Company's prime exploration
target on its Nolan Creek property in Alaska. An updated drill hole location
map for these zones can be found on the Company's website at
http://www.silverado.com/i/pdf/2008-10-01_NCWBD.pdf
    Workman's Bench is the Company's prime exploration target for a lode gold
and antimony deposit in the southwestern part of the Solomon Shear Zone. The
Solomon Shear Zone contains northeast striking gold-antimony-quartz vein
systems which also occur in other areas on the Nolan Creek property, including
across Smith Creek on Pringle Bench and north of Smith Creek Dome.
    Selected drill hole assays are presented in the tables below. Most
samples of vein material contain gold. The reader should note that assay
results listed in the table present results of individual veins sampled and
cut from the drill core. Although there are many mineralized veins within the
Workman's Bench zone, one particular vein, the main vein, continues to be the
focus of interest to the company (for more information see press release dated
August 14, 2008 http://www.silverado.com/i/pdf/2008-08-13_NR.pdf. Assays for
the remaining drill holes 08SH25 to 08SH33 are pending.

    
    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length         Au
    Number       (From)        (To)         (ft)       (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH20         242.6        243.3          0.7         0.03         3.32
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Drill        Sample        Sample      Sample
    Hole        Interval      Interval     Length         Au
    Number       (From)         (To)        (ft)       (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH21           305        305.5          0.5         0.04        16.96
    -------------------------------------------------------------------------
    08SH21         305.5        306.5            1         0.08        63.47
    -------------------------------------------------------------------------
    08SH21         312.7        313.5          0.8         0.41        30.20
    -------------------------------------------------------------------------
    08SH21           317        317.7          0.7         0.19        27.10
    -------------------------------------------------------------------------
    08SH21         317.7        318.7            1         0.02         4.85
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length         Au
    Number       (From)        (To)         (ft)       (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH22           226          227            1         0.02         7.23
    -------------------------------------------------------------------------
    08SH22           227        227.5          0.5         0.12        18.97
    -------------------------------------------------------------------------
    08SH22         252.8        253.3          0.5         0.14         0.02
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length         Au
    Number       (From)        (To)         (ft)       (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH23         194.5        195.5            1         0.52        18.24
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length         Au
    Number       (From)        (To)          (ft)      (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH24            99          100            1         0.09        19.58
    -------------------------------------------------------------------------
    08SH24         118.7        119.4          0.7         0.06        11.05
    -------------------------------------------------------------------------
    08SH24         198.6        199.1          0.5         0.02         1.91
    -------------------------------------------------------------------------
    08SH24         204.1        204.9          0.8         0.16         1.53
    -------------------------------------------------------------------------
    08SH24         204.9        205.5          0.6         0.34        28.72
    -------------------------------------------------------------------------
    

    Drilling continued to intersect the gold and antimony mineralization in
the Workman's Bench zone from hole to hole as it proceeded in a southwestern
direction.
    All drill core was logged and photographed by Silverado geologists. Once
all technical data was derived from the core, the core was cut lengthwise. The
half-core was sampled by pre-determined intervals based on geology, and placed
in sealed sample bags and labeled with the assigned sample number. All samples
were delivered to ALS Chemex in Fairbanks for analysis. With the shipment to
the laboratory of every 20th sample, the Company submitted two (2) standard
samples, and one (1) blank sample for analysis. From time to time the Company
instructed the laboratory to assay duplicate samples of the pulp from the
drill core.
    Dr. Karsten Eden, Certified Professional Geologist and European
Geologist, and Vice President Exploration of Silverado Gold Mines Inc., is the
qualified person as defined by Canadian National Instrument 43-101 for the
Company and has verified the data contained in this news release.

    About the Company

    The Company is an exploration stage company focused on the exploration of
gold properties, with some past production, and the development of new
environmentally friendly low-rank coal water fuel technology. The Company has
gold properties located throughout Alaska, which include a 100% interest in
numerous mining claims located on the Nolan Creek property. Please visit
www.silverado.com
    The Company is developing low-rank coal water fuel that is designed to be
produced from low-rank coal and processed into an environmentally friendly oil
substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its
publicly traded parent, Silverado Gold Mines Ltd. For more information about
Silverado Green Fuel Inc., please visit http://www.silveradogreenfuel.com/

    Forward-Looking Statements

    This news 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. Statements in this news release that are forward-looking
statements are based on the current expectations, beliefs, assumptions,
estimates and forecasts about the Company's business and the industry and
markets in which it operates. Such forward-looking statements involve risks
and uncertainties regarding the market price of gold, availability of funds,
government regulations, common share prices, operating costs, capital costs,
outcomes of test mining activities and other factors. Forward-looking
statements are made, without limitation, in relation to operating plans,
property exploration activities, including test mining activities,
availability of funds, environmental reclamation, operating costs and permit
acquisition. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such as
"may", "will", "should", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", or "continue", and the negative of such
terms or other comparable terminology. Actual events or results may differ
materially. In evaluating these statements, you should consider various
factors, including the risks detailed in the Company's filings with the
Canadian Securities Authorities and the US SEC. These factors may cause the
Company's actual results to differ materially from any forward-looking
statement. Except as required by applicable securities laws, the Company
disclaims any obligation to publicly update these statements, or disclose any
difference between its actual results and those reflected in these statements.
Given these uncertainties, readers are cautioned not to place undue reliance
on such forward-looking statements.





For further information:

For further information: Mailing Address: Suite 1820 - 1111, West
Georgia St, Vancouver, British Columbia, Canada, V6E 4M3; Trading Symbols OTC
BB - SLGLF, FRANKFURT - SLGL; Telephone: (604) 689-1535, Facsimile: (604)
682-3519, Toll Free: 1-800-665-4646 (Canada and USA only); Investor Relations:
E-mail: ir@silverado.com; Public Relations: E-mail: pr@silverado.com; Media
Relations: E-mail: jay@silverado.com

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SILVERADO GOLD MINES LTD.

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