Silverado Commences Pre-Feasibility Study and Announces 2008 Geophysical Results at Nolan Creek

    VANCOUVER, Sept. 10 /CNW/ - Silverado Gold Mines Ltd. (the "Company" or
"Silverado") SLGLF OTCBB, SLGL Frankfurt,, is pleased to
announce that it has engaged an independent mining consulting company to
prepare a pre-feasibility study to assess the potential commercial development
of the gold and antimony lode deposits at Workman's Bench on the Company's
Nolan Creek property in Alaska. The pre-feasibility study will utilize
exploration work completed by Silverado during 2007 and 2008. The mineral
resource estimate for the Nolan Creek property has been reported in a NI
43- 101 Technical Report entitled "Estimation of Lode and Placer Mineral
Resources, Nolan Creek Valley, Wiseman B-1 Quadrangle, Koyukuk, District,
Northern Alaska", dated July 29, 2008, prepared by Thomas K. Bundtzen of
Pacific Rim Geological Consulting, Inc., which is available on SEDAR at
    The preliminary feasibility study is expected to be completed within the
Fourth Quarter of 2008.
    Silverado further announces that it has received the results of
geophysical surveys, using very low frequency electromagnetic (VLF-EM)
techniques, carried out on the Nolan Creek Property in 2008. The Fortress and
Saddle Zones disclosed additional strong conductors (geological structures) to
those located in 2007. These geological structures exist at and around the
northeast end of Solomon's Shear Zone and are at the headwaters of Thompson
Pup Creek where Silverado extracted many fresh (sharp-edged) gold crystals as
part of its previous operations. These structures are interpreted to possibly
represent mineralized zones as: (i) they relate to gold and antimony
geochemical soil anomalies which overlie some of these geological structures;
and (ii) samples taken from quartz carbonate veins within these structures
have assayed as high as 0.24 oz gold per ton on the Fortress Zone and 28.09%
antimony per ton on the Saddle Zone.
    Additional VLF-EM surveys carried out in 2008 disclosed strong conductors
on the "Hillside" part of Solomon's Shear Zone coincident with strong
gold-arsenic-antimony soil anomalies in an area uphill from the many gold
nuggets (as large as 41.5 oz) that Silverado has recovered from its previous
operations at Nolan Creek.
    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
    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

    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:; Public Relations: E-mail:; Media Relations:

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