Non Polluting $15/Barrel 'Green' Fuel Base Replaces Skyrocketing $90-100/Barrel Crude Oil

    Silverado's Commercial Green Fuel Technology Produces Fuel Without
    Releasing Greenhouses Gases

    VANCOUVER, Nov. 5 /CNW/ - Silverado Green Fuel Inc. is less than three
years away from having a fully operational facility to demonstrate how its
green fuel technology can replace many of the industrial applications for oil
at a fraction of the cost, without releasing greenhouse gases or damaging the
environment. By energy industry standards, that is considered on-stream ready.
    Silverado ( turns low-rank coal
(representing half of the U.S.'s coal reserves) into Green Fuel, which can be
commercially produced without releasing carbon dioxide into the atmosphere,
without particle emissions, and without the release of toxic by-products. The
supply of low rank coal in North America represents centuries of energy
resources availability.
    Initial production costs are estimated at under US$15 per barrel, on an
oil equivalent energy basis, compared to $90 - $100/barrel crude oil.
    Green Fuel is produced without releasing any harmful emissions into the
air, and because low rank coal already has a moisture content of 40%, most of
the water used in Silverado's Green Fuel Technology is actually recycled from
the process itself, and re-used.
    "Silverado is a world leader in low rank coal to liquid fuel technology",
states Garry Anselmo, President and CEO. "We are generating excitement and
interest from the private and public sectors because we have a ready, proven
technology for 'now', so the timing for Silverado is perfect. And because
America's energy future, security and domestically produced energy supply is
THAT important".
    Green Fuel can be used to power oil-fired power plants directly, or be
used as a feedstock for further processing to produce transportation fuels
(jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic
petrochemical feedstocks, ammonia), industrial products (oils, lubricants,
synthetics) and even consumer products (plastics, packaging, etc.). Silverado
Green Fuel can also be further processed to produce pure, clean hydrogen to
power fuel cell automobiles and power plants.
    The company has entered into a Memorandum of Understanding with the
Mississippi Development Authority and other state agencies to build a $26
million Green Fuel demonstration 'Ecoplex' plant. The plant will use the vast
low-rank coal reserves found near the Mississippi site, and should be
operating fully by 2010. Silverado has been working with Members of Congress
to obtain an appropriation from the Federal Government for this project.
    Silverado Green Fuel processing plants can be established in any location
where there is a deposit of low-rank coal nearby. The potential for Silverado
facilities throughout North America, and even world-wide is on the company's
radar, following its exciting Mississippi venture and commitments.

    Independent Media Editorials on Silverado Green Fuel

    Power Online, Oct 10/07: "New Technology to Turn Vast Reserves of
Low-Rank Coal Into "Green Fuel"

    Oil and Gas Online, Oct 10/07: "Silverado Green Fuel Inc. to Build
Demonstration 'Ecoplex' in Mississippi"

    Oil and Gas Product News, July/Aug 07: "Vancouver Company Targets
Low-Grade Coal to Create Green Fuel"

    Silverado Green Fuel Inc.

    Silverado Gold Mines Ltd.

    More Information -


    About Silverado
    Silverado is an international company focused on Gold and a new
environmentally friendly Fuel Technology. Silverado has gold properties
located throughout Alaska which include the 100% owned Nolan Placer Gold Mine.
Silverado is also entering the construction phase of an environmentally
friendly low cost strategic fuel demonstration facility. Silverado's Green
Fuel will be produced from low-rank coal and turned into a environmentally
friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned
subsidiary of its publicly traded parent, Silverado Gold Mines Ltd.

    Trading Symbols


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

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