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:
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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.