Silverado Gold Mines Ltd SLGLF

"tripled the amount of gold recovered"

[nagyonokos]

Silverado more than triples 2006 gold recovery in current sluicing operation SILVERADO - OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL Aug 29, 2007 6:00:00 AM FAIRBANKS, AK and VANCOUVER, Aug. 29 /PRNewswire-FirstCall/ - 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 https://www.silveradogreenfuel.com/ and the parent public corporation, https://www.silverado.com/.