Silverado Gold Mines Ltd. (fka SLGLF)

[MUSHROOMKING]

In responding to preliminary interest received from several major China energy corporations, Silverado Green Fuel Inc. is creating a "Silverado Asian Business Development Team". This team will have the specific mandate to explore opportunities relating to potential Asian joint ventures, strategic partnerships, and investment, and the possible creation of Silverado Green Fuel production facilities in China.

Silverado Green Fuel Inc. is in discussions, and close to an agreement, to engage an experienced North America - China business facilitation group to spearhead its Asian business interests, and report back to the Board regularly with the results of its discussions and exploratory meetings with identified major and multinational China - based corporations.

China is the world's largest coal producer and consumer. In 2005, the country's output reached 2.1 billion tons, representing 40% of the world's total production. China has increased its coal production in the last 10 years by 959 million tons, almost equivalent to the world's collective growth.

Coal represents 90% of China's primary energy deposits. Experts predict that coal will represent 50% to 70% of China's primary energy consumption in the coming 30-50 years. China's total coal reserve is more than 1,000 billion tons. Over a four year period, ending in 2002, domestic and foreign investment worth 5.7 billion RMB ($ 769 million U.S.) was injected into the coal sector.

With increased domestic and foreign investment materializing in China's energy sector, economic growth outpacing virtually all global trends, an insatiable appetite for energy, and the need to deal with the country's serious environmental issues, China's major coal, oil and energy companies, are turning towards global technologies to help meet China's needs.

Silverado Green Fuel can respond to enhancing China's domestic energy output, utilize China's abundant coal reserves, and produce fuel without releasing any greenhouse gases, heavy metals or toxic substances into the atmosphere.