June 8, 2009 (FinancialWire) — Silverado Gold Mines Ltd (OTCBB: SLGLF) has named Donald Balletto as a company director, and as a member of its audit and compensation committee.

Balletto worked with Canada Safeway from 1973 until 2006, when he retired as director of labour relations for the company’s BC division in Vancouver, British Columbia. He began his professional career in 1970 as an accountant with Rooney, Ida, Nolt & Ahern in Oakland, California.

Vancouver-based Silverado Gold Mines is an exploration-stage enterprise focused on the exploration of gold properties with some past production. The company has gold properties located throughout Alaska.

The company’s Silverado Green Fuel subsidiary is involved with a new 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.

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