Silverado Green Fuel / Mississippi Commercial Plant Decision Timely to Meet Growing U.S. Demand for Domestic Energy Supply and Self-Sufficiency



    VANCOUVER, March 31 /CNW/ - Silverado Green Fuel Inc. (Subsidiary of
Silverado Gold Mines Ltd. - Trading Symbols - OTC BB - SLGLF, FRANKFURT -
SLGL) : - The U.S. military, eager to establish a high degree of energy
self-sufficiency, has announced that it is considering coal-to-liquid fuel
('CTLF') facilities to be built on their bases. Further, major energy
producers are turning towards CTLF as part of the country's energy-delivery
solution. It is worth reiterating that this positions Silverado Green Fuel
Inc. at the forefront of one of the U.S.'s highest priorities, namely domestic
energy supply and security.
    With continued unrest and recent insurgency-related incidents against
Middle East oil installations and pipelines, causing cutbacks in oil
transportation and production, oil prices surged up nearly $5 leading up to
March 28th. That also came after a U.S. government report showed declines in
domestic fuel stocks as the nation's refineries slowed to their lowest pace
since 2005.

    Silverado and Mississippi Going Forward, Together
    -------------------------------------------------
    "Silverado Green Fuel is very much a Silverado-Mississippi team effort."
stated Garry L. Anselmo, Silverado President and CEO. "There have been
discussions between our own Technology, Engineering and Management Team and
the State of Mississippi, and we are of one mind to go forward with planning
for a larger scale commercial plant. Silverado Green Fuel Inc. is now being
demand driven."
    Originally planned as a 'Demonstration Plant', technical and engineering
work is underway to scale-up the plans for the proposed facility to a full
size 'Green Fuel Commercial Plant'. The Technical / Development Plan in
progress will identify costs, budgets, and technical issues. Based on
utilizing Mississippi lignite, Silverado will generate a step-by-step
'Silverado Green Fuel Facility Design and Implementation Action Plan'.
    In the United States, low rank coal represents centuries of domestic
energy resources, and is currently a highly under-utilized resource. U.S.
Presidential Candidates have expressed their interest in, and support for
clean coal technology and alternate fuel sources.

    Silverado Funds Initial Mississippi Lignite Evaluation and Feasibility
    Study
    ----------------------------------------------------------------------
    Considerable hydrothermal treatment research has already been done with
numerous Low Rank Coals from around the world. However, understanding the
unique properties of Mississippi lignite is critical in fine tuning the
commercial production of Green Fuel. Consequently, Silverado is providing a
$150,000 grant to the Mineral Industry Research Lab, University of Alaska
(Fairbanks), to use their expertise and unique mini-reactor apparatus to
develop this data.
    In addition, Great Northern Engineering of Palmer, Alaska, which has
provided technical and engineering guidance during technology development, has
been awarded a contract for $21,500 to assist with the initial commercial
feasibility study.
    The work being carried out at the University of Alaska, and at Great
Northern Engineering, will be integrated into the 'Silverado Green Fuel
Facility Design and Implementation Action Plan'.

    Crude Oil is Over $107/Barrel (March 28/08), Many Times the Cost of
    Silverado Green Fuel!
    -------------------------------------------------------------------
    Despite escalating costs for equipment and materials caused by runaway
fuel costs, Silverado estimates that its Green Fuel can be produced
commercially for under $20 per barrel, on an oil equivalent energy basis.
Costs are coal and site specific. Given that Green Fuel costs will be only a
fraction of oil prices, profit margins are expected to be significant.
    Silverado Green Fuel will be commercially produced virtually emission
free in respect to particulate matter, sulfur, and heavy metals. CO2 generated
during production can be recovered efficiently and sold, for enhanced oil
recovery.
    Green Fuel can be used to power oil-fired power plants and industrial
boilers. It is also a good feedstock for some advanced gasifiers to produce
synthesis gas, which can be fired in turbines to generate power in IGCC plants
and catalytically reacted to yield transportation fuels, petrochemicals and
fertilizers. Synthesis gas can be further processed to yield only hydrogen,
the only feedstock that truly does not produce any CO(2) when combusted or
reacted in fuel cells.

    Contact Information - Silverado Gold Mines Ltd.
    -----------------------------------------------
    Silverado is an international company focused on gold exploration, and a
new environmentally friendly Fuel Technology. Silverado has gold properties
located throughout Alaska which include the 100% owned Nolan Placer Gold Mine.
Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL

    To learn more about Silverado Green Fuel Inc. and watch the Green Fuel
Video, visit :- www.silveradogreenfuel.com
    Silverado Gold Mines Ltd. www.silverado.com
    More Information? http://www.silverado.com/investors/request/

    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: Suite 1820 - 1111 West Georgia Street,
Vancouver, British Columbia, Canada V6E 4M3, Telephone: (604) 689-1535,
Facsimile: (604) 682-3519; Investor Relations: E-mail: ir@silverado.com;
Public Relations: E-mail: pr@silverado.com; Toll Free: 1-800-665-4646 (Canada
and USA only)

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SILVERADO GOLD MINES LTD.

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SILVERADO GREEN FUEL INC.

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