Is 2008 the Next Breakout Year for Silverado Gold Mines Ltd.?

    VANCOUVER, March 5 /CNW/ - (Silverado - OTCBB: SLGLF/ Frankfurt: SLGL).
Silverado's focused activities demonstrate progress that, traditionally,
precede growth in shareholder wealth.
    "There is news shaping up at Silverado. There is a trend that is
certainly worth watching closely", stated Garry L. Anselmo, Silverado
President and CEO. "We are in an interesting time. Gold is strong, the
marketplace is turning to junior mining companies to supply the gold market,
and Silverado's gold (and antimony) exploration assay results are looking
stronger then ever."
    All Silverado Press Releases are available at

    Trend of Silverado Gold Mines Ltd. Recent Press Releases
    Silverado Test Launches a Foreign Investor Program to Tap into a Market
of 500 million new Middle Class, Including a 75 Million Stock Market Investor
Pool - "Silverado Launches Chinese Website To Attract Asian Stock Market
Investors" (Feb 28 08)

    Assays Reveal High Grade Gold and Antimony Mineralization - "Assay
Results From Underground Exploration Program At Workman's Bench Reveal Gold
Grades As High As 1.04 Toz/Ton, And Antimony Grades Up To 64.34%" (Feb 25 08)

    Independent NI 43 - 101 Compliant Report Praises Silverado - "Silverado
Gold Mines Ltd. Regarded As.... "The Most Competent Underground Placer
Drifting Company Active In Alaska Today" (Feb 20 08)

    Silverado Secures Funding for 2008 Exploration Strategic Plan - "With All
Financing In Place, Silverado To Launch $ 5,000,000 Nolan Creek 2008
Exploration Program" (Feb 14 08)

    Silverado Maintains Close Adherence to Key Regulatory, Licensing,
Cultural and Permitting Issues - "Environmental Health And Safety Program
(EH&S) Completed At Nolan" (Jan 18 08)

    Silverado is Well Positioned to Profit from an Economic Downturn, Which,
in the Past, Translated to Sharp Gains for Gold, and Gold Mining Stocks -
"Profiting From Recession : How Much Money Did You Make In The 1980 Gold
Rush?" (Feb 8 08)
"Between 1975 and 1980, gold prices skyrocketed from $180, and peaking at
$840. Mining stocks rose by up astronomically. For example, Lion Mines traded
at $0.07 in 1975, and $380.00 in 1980. If you bought 10,000 shares in 1975 for
about $700, it would have netted you a profit of $3,799,300 in January of
1980....Rest assured that before this bull market in precious metals is over,
there will be similar front page stories around the world...." (There are
numerous other examples - "21st Century Gold Rush Update", Aubie Baltin, CFP,
CTA, Phd)

    Silverado Re-Affirms its Interest and Ability to Sell into the Growing
Antimony Marketplace - "Silverado Can Supply Growing $200 Million Antimony
(Jan 9 08)

    What are the Market and Mining Sector Experts Saying?
    "It's only a matter of time before the junior mining under-valuation will
morph itself into a severe over-valuation against gold again, the only
question remains is when." ("Juniors - Buy of a Lifetime". Eric Hommelberg,
Feb 19 08)
    "Buying gold is no longer advisable....It's a must. Gold, simply put, is
under-valued, under-owned, and under-appreciated."...."...when it comes to the
lightly-covered junior mining sector.. these companies give investors massive
leverage to the price of the underlying commodity...most of these companies
don't actually mine these metals. Instead, they actively explore for the ore,
often selling their discoveries for huge sums." ('Gold Forecast for 2008',
Gold World, Feb 6/08)
    "..But USA's negative growth and continuing crash in cash, bonds, stocks
and real estate is all the more reason for people to switch out of those
losers and into silver and gold." ("Breakout" - Jason Hommel, Feb 20, 2008)

    Nolan Cultural Resource Study Nears Completion
    Regarding government cultural resource studies identified in the Bundtzen
report, these issues have been resolved across the entire Nolan Project area
through consultation and agreement with state and federal officials. The
company may currently access any desired drilling target throughout the entire
property, including the Pringle Bench area, while the Bureau of Land
Management funds and finalizes its cultural resource work plan on this small
remaining area of study. All cultural resource field work and reporting should
be complete by mid-summer. In any event, Silverado's initial focus remains on
the Workman's Bench area, the result of which will be to keep our exploration
efforts fully engaged until the cultural studies are complete and the Pringle
Bench area is free of all restrictions.(This portion of the press release was
prepared by Daniel L. Basketfield, P. E., who has supervised and successfully
negotiated the cultural agreement with state and federal officials.)

    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. Silverado Gold Mines Ltd.

    Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia,
Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519

    To learn more about Silverado Green Fuel Inc. and watch the Green Fuel
Video, visit :-

    More Information ?

    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: Investor Relations: E-mail: ;
Media & Public Relations : E-mail:, Toll Free:
1-800-665-4646 (Canada and USA only)

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