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): May 13, 2008 (May 28, 2008)

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 1820
Vancouver, British Columbia, Canada V6E 4M3
(Address of principal executive offices)

Registrant’s telephone number, including area code: 1 (800) 665-4646

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

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

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

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

SILVERADO GOLD MINES LTD.

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 May 13, 2008, Silverado Gold Mines Ltd. (the “Registrant”) received a Cease Trade Order (the “CTO”) from the British Columbia Securities Commission (“BCSC”). On May 17, 2008, the Registrant issued a press release (the “Press Release”) disclosing the CTO. Pursuant to the CTO, the Executive Director of the BCSC ordered that trading in the securities of the Registrant cease in the province of British Columbia until (i) the Registrant satisfies certain filing requirements in British Columbia that are specifically set forth in the CTO, and (ii) the Executive Director of the BCSC issues an order revoking the CTO.

The CTO affects only the trading of the Registrant’s securities in the province of British Columbia. The Registrant’s securities may still be traded outside of British Columbia.

The Registrant and its legal counsel are currently working in cooperation with the BCSC to file the required documents and to seek revocation of the CTO.

The foregoing information pertaining to the Press Release and the CTO 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 herewith as Exhibit 99.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

Exhibit No.	Document
99.1	Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

May 28, 2008	Silverado Gold Mines Ltd.
	By:	/s/ Garry L. Anselmo
		Garry L. Anselmo,
		Chief Executive Officer

EX-99.1

For Immediate Release

Silverado Gold Mines Update May 17, 2008

Vancouver, BC, Canada: May 17, 2008 (Silverado – OTCBB: SLGLF/ Frankfurt: SLGL). Silverado Gold Mines Ltd. announces that it was the subject of a cease trade order by the British Columbia Securities Commission (‘BCSC’), dated May 13, 2008.

The Executive Director of the BCSC ordered that trading in Silverado cease in the province of British Columbia until the company files material change reports, together with previously disseminated news releases concerning its disclosure of gold mineral resources on its Alaska properties.

More specifically, the Executive Director (BCSC) ordered that trading in the securities of Silverado cease until :

1.	“Silverado files a news release and material change report disclosing a material change to gold mineral resources on its Alaskan properties”. (This pertains to Silverado’s Investor Facts Sheet of July 27, 2007, posted on the company’s website.)
2.	“Silverado files a news release and material change report disclosing the results of a preliminary assessment for gold on its Alaskan properties.” (This requires the company file with the BCSC a material change report together with a copy of its previously disseminated news release issued April 16, 2008.)
3.	“Silverado files a news release and material change report disclosing an inferred mineral resource and the results of a preliminary assessment for stibnite on its Alaskan properties.” (This requires the company file with the BCSC a material change report together with a copy of its previously disseminated news release issued May 5, 2008.)
4.	“Silverado files a news release and material change report disclosing the Memorandum of Understanding, and files the Memorandum of Understanding.” (This requires the company file with the BCSC a material change report together with a copy of its previously disseminated news release issued December 22, 2006, in relation to the company’s green fuel project.)
5.	“Either:
	a.	Silverado files a preliminary prospectus and prospectus in the required form for the Distributions, and the Executive Director issues receipts for the preliminary prospectus and prospectus, or
	b.	Silverado files Reports of Exempt Distribution, if Silverado relied on exemptions from the registration and prospectus requirements of the Act for Distributions that were available to it and require a Report of Exempt Distribution.”

The company, and its legal counsel, are presently preparing the necessary documentation for filing, including Reports of Exempt Distribution, to satisfy the concerns of the BCSC, and anticipate that a further corrective news release will be issued in the immediate future.

SILVERADO GOLD MINES LTD. / SILVERADO GREEN FUEL INC.
Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia, Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519
Investor Relations: E-mail: ir@silverado.com ; Public Relations : E-mail: pr@silverado.com ; Toll Free: 1-800-665-4646 (Canada and USA only)
Silverado Gold Mines Ltd. www.silverado.com Silverado Green Fuel Inc. www.silveradogreenfuel.com

This Press Release / Newsletter 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.

Contact Information - Silverado Gold Mines Ltd.

Trading Symbols - OTC BB – SLGLF, FRANKFURT – SLGL. Silverado Gold Mines Ltd. www.silverado.com

Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia, Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519

Investor Relations: E-mail: ir@silverado.com ; Media & Public Relations : E-mail: jay@silverado.com Toll Free: 1-800-665-4646 (Canada and USA only)

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.

SILVERADO GOLD MINES LTD. / SILVERADO GREEN FUEL INC.
Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia, Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519
Investor Relations: E-mail: ir@silverado.com ; Public Relations : E-mail: pr@silverado.com ; Toll Free: 1-800-665-4646 (Canada and USA only)
Silverado Gold Mines Ltd. www.silverado.com Silverado Green Fuel Inc. www.silveradogreenfuel.com

This Press Release / Newsletter 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.