SEC and BCSC Complete Reviews of Silverado

    VANCOUVER, Jan. 28 /CNW/ - Silverado Gold Mines Ltd. (the "Company" or
"Silverado") (OTCBB: SLGLF, Frankfurt: SLGL, was notified
on January 26, 2009 by the Securities and Exchange Commission that they had
completed their review of the Company's 2007 Form 10-KSB and related filings
and had no further comments.
    On the same date, the British Columbia Securities Commission also advised
Silverado that they had removed the Company from their Issuer in Default list
and had concluded their review.

    About the Company

    Silverado Gold Mines Ltd., a publicly traded company, is an
exploration-stage enterprise 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 percent (100%) interest in numerous
mining claims located on the Nolan Creek property. The Company's wholly owned
subsidiary, Silverado Green Fuel Inc., is developing low-rank coal water fuel.
The fuel is designed to be produced from low-rank coal and processed into an
environmentally friendly oil substitute. For more information about Silverado
Gold Mines Ltd or Silverado Green Fuel Inc., please visit

    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: Silverado Gold Mines Ltd, Mailing Address:
Suite 1820 - 1111 West Georgia St., Vancouver, BC, V6E 4M3, Canada, Email:
Investor Relations:, Public Relations:;
Telephone Numbers: Corporate: (604) 689-1535, Facsimile: (604) 682-3519, Toll
Free: 1-800-665-4646 (Canada and USA only); Trading Symbols: OTC BB - SLGLF

Organization Profile


More on this organization


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890