731727--3/12/2010--SILVERADO_GOLD_MINES

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{control, financial, internal}

We face risks in completing our exploration plans and achieving revenues. The risks and uncertainties described below are not the only ones facing the Company. Additional risks and uncertainties not presently know to us or that we currently deem immaterial may also impair our business operations. If any of these risks occur, our business, our ability to achieve revenues, our ability to produce gold, our operating results and our financial condition could be seriously harmed and your investment may be lost entirely. If we do not obtain new financings, the amount of funds available to us to pursue exploration activities at the Nolan Gold Project and to pursue further exploration of our mineral properties will be reduced. As we have incurred significant losses in the past, there is no assurance that we will be able to achieve the financing necessary to enable us to proceed with our exploration activities, including test mining activities. We are a mineral exploration company with interests in properties located throughout the state of Alaska. The majority of such properties are in various stages of exploration, and there is no assurance that a commercially viable mineral deposit exists on any of such properties. If we are unable to achieve projected gold recoveries from our test mining activities at the Nolan Gold Project, then our financial condition will be adversely affected and we will have less cash with which to pursue our operations. If the price of gold declines, our financial condition and ability to obtain future financings will be impaired. If costs of gold recovery at our Nolan Gold Project are higher than anticipated, then our financial condition and ability to pursue additional exploration will be adversely affected. If our exploration costs are higher than anticipated, then our financial condition and ability to pursue additional exploration will be adversely affected. Exploration activities, including test mining and operating activities are inherently hazardous. There is no assurance that any of our mineral resources will ever be classified as reserves under the disclosure standards of the Securities and Exchange Commission. If we experience exploration accidents or other adverse events, then our financial condition and profitability could be adversely affected. If we are unable to obtain all of our required governmental permits, our operations could be negatively impacted. If we become subject to increased environmental laws and regulation, our operating expenses may increase. Changes in government regulation may adversely affect the Company s business. As mineral exploration business is extremely risky, there is substantial risk that our business will fail. There can be no assurance that our independent geologists estimates or results will be accurate. As we face intense competition in the exploration industry, we will have to compete with our competitors for financing and for qualified managerial and technical employees. Private placements, stock awards and the exercise of our outstanding options and warrants may depress our stock price. Regulatory actions by the SEC or any exchange on which our securities are traded may adversely affect the price of our common stock, the ability of stockholders to sell their shares and our ability to secure additional funding. Our business venture into the low rank coal water fuel business is subject to a high risk of failure.

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731727--3/12/2010--SILVERADO_GOLD_MINES_LTD