Silverado’s Green Fuel Subsidiary President Awarded Ronald Reagan Republican Gold Medal

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Silverado (OTCBB: SLGLF) announced today that the President of its wholly-owned subsidiary Silverado Green Fuel Inc., Edward J. Armstrong has been awarded the 2004 Ronald Reagan Republican Gold Medal Award.

Silverado (OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL) announced today that the President of its wholly-owned subsidiary Silverado Green Fuel Inc., Edward J. Armstrong has been awarded the 2004 Ronald Reagan Republican Gold Medal Award. Mr. Armstrong was selected based upon outstanding leadership in business and for displaying a commitment to President Ronald Regan’s vision for entrepreneurial business. Mr. Armstrong joins an elite group of business and professional executives who were nominated to receive the prestigious award.

“Mr. Armstrong has served as an Honorary Chairman of the Business Advisory Council and has provided much needed support,” said Congressman and National Republican Congressional Committee Chairman Tom Reynolds (R-NY). “This award could not have gone to a more deserving candidate.”

Mr. Armstrong has played an instrumental role in the progress of the Company’s ground-breaking Low-Rank Coal-Water Fuel technology. The technology has been identified as a promising alternative to conventional energy solutions.

This Press 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. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

For more information contact:

Investor Relations

(800) 665-4646

(604) 689-1535

pr@silverado.com    

http://www.silverado.com

Equitilink LLC: (877) 788-1940

CEOcast Inc.: (212) 732-4300

Investsource: (949)260-8430

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