Silverado Gold Mines Ltd. (fka SLGLF)

[MUSHROOMKING]

November 7, 2007 - Vancouver, BC - Silverado Gold Mines Ltd., (OTCBB: SLGLF / Frankfurt : SLGL / Berlin :SLGL) announced today that www.TradeSystemGuru.com, an independent analysis website for traders and investors, last week authored a technical report on the stock of Silverado Gold Mines Ltd: SLGLF.

Entitled "The Chart Is Looking Up," the www.TradeSystemGuru.com report sees Silverado Gold Mines (SLGLF) putting in "a bullish 'W' or catapult pattern ... in which the stock moves higher in stairstep-fashion." The report also notes that lows in the stock's price "in the W pattern are supported by ... [its] positive trend line." The report says, "A steady increase in volume on price rises would be confirmation that the trend is gaining momentum."

Further, the www.TradeSystemGuru.com analysis places the most recent squeeze trigger price of Silverado's stock (SLGLF) at $0.0762: The squeeze trigger price is the threshold price at which short sellers in the stock begin to feel pressure to cover their short positions, making any trading price above this threshold favorable for the stock. "As the stock moves above this price," the report says, "motivation to buy the stock by short sellers to cover their positions increases, thereby providing further upward price pressure."

According to the report, the long-term squeeze trigger price for SLGLF has been placed by www.buyins.net at $0.099, suggesting that any trading in the stock above this second-tier price would create a new price floor from which the stock could move higher. The entire report can be viewed: http://tradesystemguru.com/content/view/102/9/