8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 22, 2006 (December 18, 2006)

SILVERADO GOLD MINES LTD.
(Exact name of Registrant as specified in charter)

British Columbia, Canada	000-12132	98-0045034
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification Number)

1111 West Georgia Street, Suite 505 Vancouver, British Columbia, Canada V6E 4M3 (Address of principal executive offices)

Registrant’s telephone number, including area code: (604) 689-1535

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions.

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a -12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(e) -4(c))

This Current Report on Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Registrant’s management, as well as estimates and assumptions made by the Registrant’s management. When used in the Filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Registrant or the Registrant’s management identify forward looking statements. Such statements reflect the current view of the Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Registrant’s industry, operations and results of operations and any businesses that may be acquired by the Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Item 8.01 Other Events

On December 18, 2006, Silverado Green Fuel Inc. (the “Company”), a wholly-owned subsidiary of the Registrant, issued a press release (the “Press Release”) announcing plans to build the first low-rank coal-water fuel (“Green Fuel”) facility in the United States. The $26,000,000 project, to be located on 14-acres outside of Ackerman in the Red Hills EcoPlex in Choctaw County, Mississippi, is designed to utilize the state’s vast supply of low-rank coal reserves by converting them into Green Fuel, a new form of coal-based, environmentally friendly, low-cost, alternative fuel.

The Company has signed a Memorandum of Understanding with the State of Mississippi as represented by the Mississippi Development Authority; Choctaw County Board of Supervisors; and the Choctaw County Economic Development District, to build a facility designed to demonstrate the economic feasibility and environmental superiority of converting low-rank coals into a stable liquid fuel that can be used efficiently, while also defining exact parameters for a commercial facility.

The foregoing summary of the Press Release does not purport to be complete and is qualified in its entirety by reference to the full text of the Press Release, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Document
99.1	Press Release dated December 18, 2006

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 22, 2006	SILVERADO GOLD MINES LTD.
	By:	/s/ Garry L. Anselmo
		Garry L. Anselmo,
		Chief Executive Officer

EX-99.1

SILVERADO GREEN FUEL INC. INKS DEAL WITH MISSISSIPPI FOR $26 M INVESTMENT IN CLEAN COAL TECHNOLOGY

Company’s Green Fuel will Harness the State’s Untapped Coal Resources

JACKSON, MS – MONDAY, DECEMBER 18 - 2006

SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL

Silverado Green Fuel Inc. announced plans today to build the first low-rank coal-water fuel (“Green Fuel”) facility in the United States. The $26 M project, to be located on 14-acres outside of Ackerman in the Red Hills EcoPlex in Choctaw County, Mississippi, is designed to utilize the state’s vast supply of low-rank coal reserves by converting them into Green Fuel, a new form of coal-based, environmentally friendly, low-cost, alternative fuel. The facility will create local jobs, inject a sizable capital investment in the local economy, and highlight Mississippi as a national leader in alternative energy and clean coal technologies.

The company has signed a Memorandum of Understanding (MOU) with the State of Mississippi as represented by the Mississippi Development Authority (MDA); Choctaw County Board of Supervisors; and the Choctaw County Economic Development District to build a facility designed to demonstrate the economic feasibility and environmental superiority of converting low-rank coals into a stable liquid fuel that can be used efficiently, while also defining exact parameters for a commercial facility.

“This project is a key step toward full commercial production of green fuel and the culmination of our work over the past six years to develop advanced, efficient and cleaner coal technologies,” said Silverado Green Fuel Inc. CEO Garry L. Anselmo. “We are pleased to have worked with the state of Mississippi and Choctaw County officials since July of 2005 to make this facility a reality. We look forward to further strengthening our relationship with a state that is paving the way to energy independence by taking advantage of America’s vast coal resources as an alternative fuel source and supporting new technologies designed to economically utilize those resources.”

Under the terms of the agreement, Choctaw County Economic Development District will provide Silverado Green Fuel Inc. a 14 acre site at their Ecoplex. Choctaw County will clear the site in preparation for construction. The County has also agreed to construct the facility building based on Silverado’s specifications. The State, through MDA will provide for the infrastructure through a series of grants.

MORE

SILVERADO GREEN FUEL INC. INKS DEAL WITH MISSISSIPPI CONTINUED – 2 –

Silverado Green Fuel Inc. will provide the proprietary technology developed by Dr. Warrack Willson, Vice President of Silverado’s Fuel Technology Division. Silverado will run the facility, which is expected to produce 45 permanent jobs and hundreds of additional jobs during the construction phase. Once this two year phase is complete, Silverado will be producing 110,000 barrels of Green Fuel per year.

Gray Swoope, MDA’s Chief Operating Officer, noted, “The State of Mississippi is proud to welcome Silverado as our newest corporate citizen. With its innovative technologies, Silverado will produce vital energy while stimulating the economy of Choctaw County with 45 new jobs.”

Also welcoming Silverado Green Fuel Inc. to Mississippi is Senator Trent Lott. “I’m pleased to help welcome Silverado Green Fuel Inc. to our State,” Senator Lott said. “Mississippi is developing a diverse portfolio of companies producing alternative energy which will not only help our State in places like Choctaw County, but also strengthen our nation’s national security and preserve America’s status as the world’s premier economy, making us less dependent on foreign oil.”

Nearly half of the world’s coal reserves are in the United States. Fully half of those reserves are low-rank coal --- coal that has high-water and low-energy levels. Low-Rank Coals are a relatively untapped resource in America. Silverado’s new technology will allow for the conversion of this coal into Green Fuel. Silverado projects the cost to produce Green Fuel on a barrel-of-oil-equivalent basis at $15 per barrel.

Locally mined lignite coal will be treated through a hydrothermal process at the facility and converted into liquid Green Fuel that can be used efficiently in oil-designed boilers, integrated gasification combined cycle (IGCC) power plants, and other advanced combustors. Green Fuel has a higher energy content than the original coal, but retains the desirable low rank coal combustion characteristics needed for boilers and advanced combustion and gasification systems.

Silverado’s Green Fuel is an ideal candidate for use in the processes of Texaco (now G.E.) ‘Gasification’ and Fischer Tropsch ‘Liquefaction’ which creates the feed stock for the production of low-cost fuels and products which are free of carbon dioxide, sulfur, particulate matter, and heavy metals. These fuels and products include jet fuel, gasoline, diesel, synthetic natural gas, naptha, explosives, fertilizers, ammonia, urea, plastics and many others.

Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. To learn more about Silverado Green Fuel Inc., please visit http://www.silveradogreenfuel.com and the parent public corporation at http://www.silverado.com

Silverado Green Fuel Inc.
Mailing Address · 505 - 1111 W. Georgia Street · Vancouver, B.C. · V6E 4M3 · CA
(800) 665-4646 or (604) 689-1535 · F: (604) 682-3519 · pr@silveradogreenfuel.com · www.silveradogreenfuel.com
Field Address · P.O. Box 83730 · Fairbanks, Alaska. · 99708 · USA

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.