Silverado more than triples 2006 gold recovery in current sluicing operation



    SILVERADO - OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL

    FAIRBANKS, AK and VANCOUVER, Aug. 29 /CNW/ -

    SLUICING OPERATION YIELDS INCREASE IN GOLD NUGGET RECOVERY

    Silverado Gold Mines Ltd announced today that 2,811.74 ounces of nugget
gold 1/4" and larger have been recovered since the beginning of sluicing
operations earlier this summer. These large nuggets have been systematically
removed from the upper portions of the wash plant gold recovery system
throughout the past three months.
    In addition to the bigger nuggets, over 207 pounds of concentrate that
contains gold particles smaller than 1/4" in size has been separated and is
being delivered for refining.

    18-PLUS OUNCE NUGGET DISCOVERED

    During the washing process, another large nugget weighing 18.32 troy
ounces was discovered, making it the largest gold nugget recovered this
season. (Earlier this year, a 12.4-ounce nugget was also found.)
    Silverado is very pleased with the results of the 2006-2007 season. The
company has already tripled the amount of gold recovered from last year's
season, and more gold will be recovered from the 207 pounds of concentrate.
Our nugget gold this year ranges from 1/10th of an ounce to 18.32 ounces.
    Total gold recoveries and financial numbers will be released when
available following completion of all washing and refining.
    The company will soon release a compilation of results from our lode gold
and antimony exploration on this project.
    This press release was prepared by Dr. Karsten Eden, Certified
Professional Geologist; who is a qualified person as defined under the
standards of Canadian National Instrumental policy 43-101.

    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 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
http://www.silveradogreenfuel.com/ and the parent public corporation,
http://www.silverado.com/.

    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: SILVERADO GOLD MINES LTD., Mailing Address,
1820 1111 W. Georgia Street, Vancouver, B.C., V6E 4M3, CA, Toll Free: (800)
665-4646 or (604) 689-1535, Fax: (604) 682-3519, pr@silverado.com,
http://www.silverado.com/; Field Address, 3180 Peger Rd, Ste 270, Fairbanks,
AK, 99709-5485, USA

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SILVERADO GOLD MINES LTD.

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