Silverado Gold Mines Ltd. announced that underground exploration on Workman´s Bench, the company´s prime exploration target for a lode gold and antimony deposit in the southwestern part of the extensive Solomon Shear Zone, has disclosed high grade gold and antimony mineralization. Gold and antimony values from samples collected from individual veins assayed as high as 1.04 troy ounces gold per ton (35.8 g/t Au) and 64.34% antimony. During winter 2007 to2008, Silverado Gold Mines drove an exploration tunnel into the Workman´s Bench mineralized zones to intersect the gold bearing antimony-quartz vein systems. During this first phase underground exploration program, numerous quartz and antimony-quartz veins were exposed. To date three main mineralized zones have been identified through the correlations between the underground observations with the drill intercepts from the 2007. The Workman´s Bench mineralized zones have been confirmed over a strike length of 600 feet. They are well defined and contain antimony and gold bearing veins each of which are generally larger in width (up to one foot) than at the other drilled gold and antimony prospects within the Solomon Shear Zone. This is not only evidenced by drilling, but also by underground and surface observations. The gold and antimony mineralized zones at Workman´s Bench are open laterally and at depth.

Silverado Gold Mines Ltd. announced that it has finalized its funding, and Strategic Planning for the exploration of the Nolan Creek Lode Gold Project, for the 2008 season. Exploration drilling at Silverado´s prime identified locations, commencing at the end of April, 2008, is to be carried out on its gold and antimony exploration targets within the Solomon Shear Zone, Workman´s Bench, and within Pringle Bench. Definition drilling will direct further underground work. Financing of $5 million has been secured for Silverado to carry out its 2008 Exploration Strategic Plan. While exploration drilling will be undertaken on Workman´s Bench and Pringle Bench, exploration crews will conduct detailed ground geophysical and ground geochemical soil surveys across the Fortress Zone which contains NW-striking gold-quartz vein systems. The Net striking gold-antimony-quartz-vein system represents the borderline between mesothermal (medium temperature) and epithermal (low temperature) mineralization. In the Nolan Creek area, gold and antimony grades within the gold-antimony-quartz vein systems, increase with depth, as indicated by drilling. The highest antimony and gold grades of all three drilled prospects (Workman´s Bench, Pringle Bench and the Hillside) within the Solomon Shear Zone are found at Workman´s Bench, which represents the lower drilled part of the gold and antimony mineralized system. Silverado Gold Mines is planning an extensive drilling program at Workman´s Bench to define the gold and antimony mineralization at depth over a strike length of 1,500 feet from Smith Creek, down to the Nolan landing strip.

Silverado Gold Mines Ltd. has completed a $250,000 EH&S program at its Nolan Gold Mine situated 280 road miles from Fairbanks, Alaska. The program consisted of road upgrades, the construction of a new drinking water well and state of the art waste water treatment package plant designed to serve the needs of a full crew of 24 mine personnel. Also included in the program was the installation of modular kitchen and dining facilities and drinking water tankage capabilities that assure the protection of the health and safety of mine personnel. This completes a multi year effort that began with the design and construction of a permafrost resistant fuel tank farm and appurtenant facilities all covered under an approved Spill Planning Control And Countermeasure Plan. The company is presently continuing its underground exploration program on the Workman´s Bench portion of the property.