NEWS RELEASE
Silverado Forms Advisory Board
Silverado’s Board of Directors Invites Peter Hooper, Senior Mining Executive, as Its First Advisory Board Member
Vancouver, British Columbia, August 24, 2009 -- Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) (the "Company" or "Silverado"), the Board of Directors announced today the creation of an advisory board and named its first member. The main purpose of the Advisory Board is to gain access to a wide range of independent industry experts, which will increase the Company’s expertise in financing, mining, and operations.
"We are extremely pleased to welcome Mr. Peter Hooper as the first member of this new Advisory Board. Mr. Hooper is a senior mining executive with broad-based experience in production, engineering, re-organization and training, contracting, exploration and corporate affairs. Responsibilities have ranged from general manager to president, directing companies or projects in the international arena with investment capital or market capitalization of $20 million to $300 million," said Garry Anselmo, Chairman of Silverado.
Mr. Hooper served as Chief Operating Officer for Afcan Mining Corporation, which was subsequently acquired by Eldorado Gold. His primary focus was the building of a 140,000 ounce per annum mine in China. The project was completed on schedule and on budget. He was Managing Director Mineral Resources for Kingsdale Capital Corporation. During his tenure with Kingsdale, he also helped list several companies on the TSX Venture Exchange (TSXV) and the Toronto Stock Exchange main board. He formed associations with other brokerage firms in Toronto, in England and in Europe, where he helped raise significant amounts of capital for small mining companies. He was President of Valencia Resources-Gold, a TSXV company, and was Director/Vice President of Projects for Nevsun Resources. He is currently Chairman of Kilo Goldmines LTD, which has gold properties in the DRC and is CEO of Macusani Yellowcake Uranium in Peru.
Silverado made no other organizational or reporting structure changes in conjunction with this announcement.
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 (100%) interest in numerous mining claims located on the Nolan Creek property.
For further information, please contact:
Silverado Gold Mines Ltd
1820-1111 West Georgia Street
Vancouver, BC V6E 4M3
(604) 689-1535
Investor Relations: ir@silverado.com
www.silverado.com
