Silverado Gold Mines Ltd. (fka SLGLF)

[MUSHROOMKING]

Silverado Green Fuel

SILVERADO has been working six years with the head of its Green Fuel Division, Dr. Warrack Willson, who is an industry leader in the development of low-rank coal-water fuels (LRCWF). This fuel is made from hydrothermally treated low-rank coals (LRCs), sub-bituminous, lignitic, and brown coals. It is a low cost, non-toxic, non-hazardous and environmentally friendly substitute for petroleum derived fuels mainly in industrial and utility boilers, gasifiers, and other advanced combustors. Initial process economics indicate that LRCWF can be produced from any American LRC for under $15 per barrel, on an oil equivalent energy basis.

Silverado's LRCWF (Green Fuel), so named due to its environmental friendliness, is an ideal candidate for use in high pressure liquid fed gasifiers. The product, synthesis gas, can then be converted by any one of a number of commercial Fischer Tropsch processes to yield a myriad of clean fuels and petrochemicals. The products are free of nitrogen, sulfur, particulate matter, and heavy metals and will find many applications, including aviation and auto gasoline, diesel, synthetic natural gas, naphtha, fertilizers, ammonia, urea, plastics and many others

April 2007, GROUND BREAKING CEREMONY - Mississippi Governor Haley Barbour and Congressman Roger Wicker joined other state officials yesterday to kick off the Silverado Green Fuel Demonstration Project with a ground-breaking ceremony at the Red Hills EcoPlex site.

Congressman Wicker commented that the project was not just good news for Mississippi, but also for America. "This is a great company that we are partners with now. We're going to be state of the art here when it comes to developing the next phase of energy right here in our backyard."

Governor Haley Barbour stated that, "job creation and economic development is a team sport." He stated that financial support received thus far from the local government has been essential, and added, "the federal government has been, and will be, an extremely important partner in this."