Silverado's Nolan Property in Early Breakup

    VANCOUVER, April 22 /CNW/ - Silverado Gold Mines Ltd (the "Company" or
"Silverado") (OTCBB: SLGLF, Frankfurt: SLGL, is pleased to
announce that an early thaw and breakup is being managed by our crew on the
Nolan Gold/Antimony Mine in Alaska. Breakup should be over by mid May to early
June and that would allow us to begin early diamond drilling for the 2009
    Our goals will be to increase our probable reserves on the Workman's
Bench part of the property. Currently 42,412 tons of ore grading 28% antimony
and 0.408 oz gold/ton and containing 11,880 tons of antimony metal and 17,300
oz of gold are disclosed in our Qualified Person's Report of January 1, 2009
(also known as a Canadian National Instrument 43-101 qualified Pre-feasibility
    Using a gold price of $US 700/oz with antimony at $2.25/lb as well as
recoveries of 90% for gold and 85% for antimony, this reserve represents $US
56.3 Mln. The Qualified Person's summary of relevant operating costs is $US
22.2 Mln. The pre-tax profit therefore is $US 34.1 Mln. Except for a State
Mining Tax of $US 0.8 Mln, corporate taxes are offset by the Company's $US 35
Mln tax loss carry-forward.
    We intend to finalize a schedule for our 2009 diamond drilling program in
the coming days.

    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. 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 a new environmentally friendly
low-rank coal water fuel technology. 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 and,

    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 Street, 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

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