Change in Directors

VANCOUVER, March 31 /PRNewswire-FirstCall/ -- Silverado Gold Mines Ltd. (the "Company" or "Silverado") (OTCBB: SLGLF, Frankfurt: SLGL, http://www.silverado.com/) wishes to announce that Mr. James Dixon, who has been a director of the Company since 1988, has tendered his resignation as a director effective March 16, 2009. We wish to thank Mr. Dixon for his contribution and service to the Company during that time and wish him well in his future endeavours.

Also, the Company is pleased to announce the appointment by the Board of Directors of its new director and member of the Audit and Compensation Committees, Mr. Robert Dynes. Mr. Dynes graduated with a B. Sc. in Biology from McMaster University in 1986. Born and raised in Hamilton, Ontario, Mr. Dynes obtained a securities license from the Ontario Securities Commission in 1991 and was a stockbroker from 1992 to 1997 with McDermid St. Lawrence Securities/Raymond James, specializing in penny mining companies.

Mr. Dynes has worked on occasion, during the mid-1980s to the early 2000s, for Hill, Goettler, DeLaporte Ltd. and Firth, Goettler Ltd. prospecting for gold in the Geralton, Pickle Lake, and Red Lake mining districts in Northern Ontario. Since December 19, 2001 to the present, Mr. Dynes has performed investor relations services for the Company.

On Behalf Of The Board Silverado Gold Mines Ltd, /s/ G. L. Anselmo --------------------------- G. L. Anselmo President & CEO 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, and the development of new environmentally friendly low-rank coal water fuel technology. 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. The Company's wholly owned subsidiary, Silverado Green Fuel Inc., is developing low-rank coal water fuel. 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 http://www.silverado.com/.

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 US 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.

Silverado Gold Mines Ltd.

CONTACT: Silverado Gold Mines Ltd: Mailing Address: Suite 1820 - 1111
West Georgia St., Vancouver, BC, V6E 4M3, Canada; Email: Investor Relations:
[e-mail], Public Relations: [e-mail]; Telephone Numbers:
Corporate: [phone], Facsimile: [phone], Toll Free:
1-800-665-4646 (Canada and USA only); Trading Symbols: OTC BB - SLGLF,
FRANKFURT - SLG