Silverado Gold Mines Ltd.: Update to August 31, 2010 News Release Antimony Prices Soar; Silverado Drill Core Examination Shows ..

02. Sep, 2010

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 09/01/10 — NOTE: Due to numerous inquiries about yesterday’s news release, we’ve added or clarified the information shown in ALL CAPITAL LETTERS.

Silverado Gold Mines Ltd (OTCBB: SLGLF)(FRANKFURT: SLGL) ( www.silverado.com : http://www.silverado.com ) (the “Company” or “Silverado”) noted that the antimony markets have advanced from $4,000 per tonne (2200 lbs.) in early 2009 to $9,800 per tonne in July 2010 according to Martin Hayes, chief correspondent of TheBullionDesk.com, a London metals trading company.

The U.S. Geological Survey (USGS) shows that China, the world’s largest producer of antimony, produced 170,000 tonnes of antimony out of

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