Silverado Concludes 2003 Annual Meeting



June  2,  2003  -  Vancouver,  BC  -  Canada  -  Fairbanks,  Alaska  -  USA
SILVERADO  GOLD  MINES  LTD. OTCBB: SLGLF / Berlin Exchange: SLGL (WKN: 867737).

Silverado  Gold Mines Ltd. ("Silverado") is pleased to report the results of the
2003  Annual  General  Meeting  of  its  Shareholders  held  on  May  30,  2003.
Shareholders have approved the re-election of Mr. Garry L. Anselmo, Mr. James F.
Dixon  and  Mr.  Stuart  C.  McCulloch  to the Board of Directors.  In addition,
Shareholders  have  elected  Mr.  Peter  G.  Rook-Green  as  a new member of the
Company's  Board  of  Directors.  Mr.  Rook-Green  is  a  Certified  Management
Accountant  with  experience serving as a Chief Financial Officer and a Director
of  a number of publicly traded companies.  The Board of Directors has appointed
Mr.  Rook-Green  to Silverado's Audit Committee, together with Mr. Dixon and Mr.
McCulloch.   Shareholders  also  approved  the  increase  to  Silverado's quorum
requirements  for  meetings  of  Shareholders  and Silverado's 2003 Stock Option
Plan.  The  appointment  of  Morgan  &  Company  as  Silverado's  Auditors  was
confirmed.


                              FOR MORE INFORMATION:
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                                    CONTACT:
                                    --------
              Investor Relations:  (800) 665-4646 or (604) 689-1535
            E-mail: pr@silverado.com      Website: www.silverado.com
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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. Key factors
that  could  cause  actual  results to differ materially from those described in
forward-looking  statements  are:

     (i)  the  ability  of the Company to complete its planned mining activities
          during  the  current  mining  season;
     (ii) the  impact  of  weather  on  the  Company's  mining  operations;
     (iii)  the  ability  of  the Company to process the mined ore during summer
          season;
     (iv) the  concentrations  of  gold  recovered  from  processed  ore.

Readers  are  cautioned  not  to  place  undue  reliance  on the forward-looking
statements  made  in  this  Press  Release.