Silverado Engages D&D Securities Company

VANCOUVER, British Columbia, July 6, 2009 (GLOBE NEWSWIRE) -- Silverado Gold
Mines Ltd. (OTCBB:SLGLF) (Frankfurt:SLGL) (www.silverado.com) (the "Company" or
"Silverado") has engaged the services of D&D Securities Company as its
investment banking firm. The engagement will commence immediately and shall be
in order to establish a senior level of financing.

D&D Securities was founded in 1929 as a wholly owned subsidiary of Dominick and
Dominick Securities of New York. Having a Toronto based Canadian owned
broker/dealer will help Silverado establish a strong following in the mining
finance community in Canada and other offshore markets.

Silverado has already commenced provisioning of documents for review to D&D and
we will continue to work toward establishing a finance offering that may be sold
worldwide. We expect to finalize the characteristics of the financing in the
coming weeks.

"We are very excited to have engaged D&D Securities at this time. With their
help and efforts we will be able to bring in the financing required to move into
full scale production while maintaining our present drilling programs that will
continue to enhance our reserves and resources at our Nolan Gold/Antimony
Project in Alaska. This engagement will begin to anchor our efforts in the North
American market and form a base to work from," said Garry Anselmo, President.

The engagement of D&D Securities was lead by Westridge Management International
Ltd., "WMI", who Silverado has been working with since March 2009, and who enjoy
a strong relationship with D&D. WMI will work with them in order to establish
the exact offering and required materials to enable the presentations to the
funders. WMI looks forward to establishing further relationships that will
enhance the financing and operational requirements of Silverado.

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 (%) interest in numerous mining claims located on the
Nolan Creek property. The Company's wholly owned subsidiary, Silverado Green
Fuel Inc., is involved with 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
www.silverado.com and www.silveradogreenfuel.com, respectively.

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 U.S. 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.

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CONTACT: Silverado Gold Mines Ltd
Investor Relations
(604) 689-1535
ir@silverado.com
www.silverado.com
1820-1111 West Georgia Street
Vancouver, BC V6E 4M3