United States Senate takes action on Coal to Liquids amendments

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

    WASHINGTON, DC, June 21 /CNW/ - Tuesday, June 19, the United States
Senate voted on two separate Coal-to-Liquid amendments to the Senate version
of the Clean Energy Act of 2007. The amendments were offered by Senator Jim
Bunning (R-KY) and Senator Jon Tester (D-MT).
    The Bunning amendment was designed to reduce our Nation's dependency on
foreign oil by investing in clean, renewable, and alternative energy
resources, promoting new emerging energy technologies, developing greater
efficiency, and creating a Strategic Energy Efficiency and Renewables Reserve
to invest in alternative energy. Likewise, the Tester amendment supported
coal-to-liquid technology and also addressed America's dependency on foreign
oil by investing in clean, renewable, and alternative energy resources,
promoting new emerging energy technologies, developing greater efficiency, and
creating a Strategic Energy Efficiency and Renewables Reserve to invest in
alternative energy.
    The two amendments failed to pass the Senate by a vote of 39 to 55 and 33
to 61 respectively. "On the surface, this may seem like a blow to the
coal-to-liquids technology and industry," commented Silverado Green Fuel Inc.
CEO Garry L. Anselmo. "While we would have preferred the Senate to deal with
the issue during the debate on the Clean Energy Act of 2007, our Capitol Hill
sources have told us that the leadership in both the Senate and House do not
want to bring up the coal-to-liquids issue as an attachment to the
legislation. Several Congressmen and Senators have assured the American public
that the issue of coal-to-liquids will be brought up as a separate issue and
receive the full and fair debate it deserves."
    As an assurance to those supporters of the Low-Rank Coal-Water Fuel
project, Anselmo continued, "We are actually encouraged by the two votes that
took place in the Senate yesterday. First, if you look carefully at which
Senators voted for or against each amendment, you will see that overall, a
healthy majority (69 Senators) cast their vote FOR one or the other
amendments. That means that 69 out of 100 members of the United States Senate
actually voted in favor of the coal-to-liquids technology! The second
encouraging fact is that the Hydrothermal Treatment process we use on
sub-bituminous coal and lignite is different than the processes used on
bituminous coal. Our process does not require the tremendous capital
investment needed for the gasification process, the Shift-gas reaction, and
the Fischer-Tropsch reactions. Hydrothermal Treatment is a much simpler and
less capital intensive process to create a non-hazardous, environmentally
friendly oil substitute for use in oil fired systems. It converts a dusty,
solid fuel that is prone to spontaneous combustion into a safe, non-hazardous,
low-cost liquid fuel for commercial, industrial, and utility boilers. It is a
very suitable feedstock for gasification using General Electric technology to
produce synthesis gas, the start point for the Fischer Tropsch production of
clean burning synthetic transportation fuel. We continue to work with both
Congress and the Federal Agencies as we move forward with our Mississippi
LRCWF project. We are involved in ongoing meetings with the Mississippi
architects and engineers as well as the political interests who have been
supporting this project."
    In a related development, a recent 3rd party article published by Small
Cap Media contained some inaccuracies regarding the current status of the
Mississippi Green Fuel Project. "Unfortunately, statements were made that
indicated we had already received government funding and other forward-looking
comments were also made," said Mr. Anselmo. He continued, "A corrected version
of the article has been released and is now available on our website.
(http://www.silveradogreenfuel.com/smallcapmedia/greenfuel.pdf) We apologize
for any miscommunication and continue to move forward with the project in
Mississippi. We also are looking toward beginning construction of the new
facility in Mississippi."

    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 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 GREEN FUEL INC. Mailing Address -
505-1111 W. Georgia Street, Vancouver, B.C., V6E 4M3, CA, Toll Free: (800)
665-4646 or (604) 689-1535, Fax: (604) 682-3519, pr@silveradogreenfuel.com;
www.silveradogreenfuel.com; Field Address - 3180 Peger Rd, Ste 270, Fairbanks
AK, 99709-5485, USA

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