VANCOUVER, British Columbia, July 2, 2009 (GLOBE NEWSWIRE) -- Silverado Gold Mines Ltd. (OTCBB:SLGLF) (Frankfurt:SLGL) (www.silverado.com) (the "Company" or "Silverado") appointed Donald Balletto as its new chief financial officer, effective June 25, 2009. Balletto, who recently joined the Company's board of directors, will now play a key role on Silverado's executive team.
"We are extremely pleased to welcome Don to Silverado's management team. His years of experience as an accountant and accounting manager will be well drawn upon," said Garry Anselmo, who is resigning from his CFO post to make way for Balletto. Anselmo will continue as Chairman of the Board of Directors, CEO, COO and President.
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 (%) interest in numerous mining claims located on the Nolan Creek property. The Company's wholly owned subsidiary, Silverado Green Fuel Inc., is involved with a new environmentally friendly low-rank coal water fuel technology. 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 www.silverado.com and www.silveradogreenfuel.com, respectively.