SOURCE: Silverado Financial Inc.

December 20, 2006 11:02 ET

Silverado Financial to Complete Filings, Resume Operations and Acquisitions

BEVERLY HILLS, CA -- (MARKET WIRE) -- December 20, 2006 -- SILVERADO FINANCIAL, INC. (PINKSHEETS: SLVO) is proud to announce that it has entered into an agreement with outside parties to fund the completion of its Fiscal 2005 Audit as well as all delinquent filings, and is moving forward with plans to reapply for listing on the OTCBB within the next quarter or shortly thereafter.

Additionally, Silverado is aggressively seeking new acquisition candidates in the mortgage services sector and in real estate development in newly emerging markets. With the real estate market in the US currently undergoing a retraction, Silverado's management believes that it can successfully utilize its existing base of proprietary software, strategies and business contacts, and hopes to bring Silverado to a revenue positive footing within the second or third quarter of 2007.

Look for an exciting new web presence early in 2007 and the opening of new offices in Beverly Hills, CA during January.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. The words "believe," "expect," "anticipate" and "project," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. Such statements may include, but not be limited to, projections of revenues, income or loss, expenses, plans, and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described in forward-looking statements.

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