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FIRST AMENDING AGREEMENT

To the Consulting Agreement dated 24th of March,
2006

This Agreement is made July 11, 2007;

This is the First Amending Agreement to the Consulting
Agreement made the 24th of March 2006 by and between Silverado Gold
Mines Ltd. (Silverado) and Smith Canciglia Consulting Inc., Terri D. Smith,
and Henry R. Canciglia (collectively the Parties);

Whereas:

A. The Parties wish to clarify the intended meaning of the
words public relations as used in recitals 7 and 9 (found on page 1) of the
Consulting Agreement; and

B. Terri D. Smith (Smith) and Henry R. Canciglia
(Canciglia) have agreed to expand their services on behalf of Smith Canciglia
Consulting Inc. for Silverado by increasing their lobbying services in the state
of Mississippi;

Therefore:

|1. | The Parties agree that the intention of the words public
      relations as used in the 7thand 9threcitals of
      the Consulting Agreement means the activities performed by Smith Canciglia
      Consulting Inc. in the course of lobbying Members of Congress,
      specifically the creating of good will between legislators and Silverado;
      and
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                
|2. | In consideration of Smith and Canciglia expanding their
      services as described in recital B above, Silverado agrees to issue to
      them an additional 200,000 shares each on the 15thday of each
      month commencing with the month of July 2007 and ending with the month of
      January 2008.                                                   

IN WITNESS WHEREOF the parties have executed this
Agreement as of the date first above written.

|SILVERADO GOLD MINES LTD.              |                                  |  |    
|-------------------------------------- | -------------------------------- |  | ---
|                                       |                                  |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|By:                                    | /s/
      Garry L. Anselmo       |  |    
|                                       | Garry L. Anselmo                 |  |    
|                                       | President and CEO                |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|SMITH CANCIGLIA CONSULTING,
      INC. |                                  |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|By:                                    | /s/
      Henry R. Canciglia     |  | By:
|                                       | Henry R. Canciglia, President    |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|                                       |                                  |  |    
|                                       | /s/
      Henry R. Canciglia     |  |    
|                                       | Henry R. Canciglia, Individually |  |    

Page 1 of 6

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MEDIA CONSULTING AGREEMENT

THIS MEDIA CONSULTING AGREEMENT (hereinafter referred to as the
AGREEMENT) made this 11th day of July, 2007 by and between
SILVERADO GOLD MINES LTD. (SILVERADO) of 1111 West Georgia Street,
Suite 505, Vancouver, B.C., Canada, V6E 4M3 and SCC Management Corp.
(SCC), and its officers, Terri D. Smith, President (Smith),and Henry R. Canciglia, Secretary/Treasurer (Canciglia) of 20949
Lohengrin Court, Ashburn, Virginia 20147, collectively the parties
(Parties), set forth the following:

RECITALS

A. WHEREAS SILVERADO
desires to develop and commercialize Low-Rank Coal-Water Fuel and Hydrothermal
Treatment technology (the Green Fuel Project) as a national alternative energy
program that is fully recognized and supported by the U.S. federal and state
governments; and

B. WHEREAS SILVERADO
desires that a comprehensive and strategically designed media relations program
be implemented to effectively publicize and enhance the image of SILVERADOsGreen Fuel Project and, from time to time, SILVERADOs mining
activities; and

C. WHEREAS SILVERADO
desires increased recognition, national prominence and further desires that
SCC design, implement and manage a comprehensive, strategic media
campaign to achieve that goal; and

D. WHEREAS SCC is capable
of providing SILVERADO media consulting services (the Services) that
offers an aggressive, results-oriented, high-quality, professional program that
is specifically tailored to meet SILVERADOs media requirements; and

E. WHEREAS SCC is willing
to provide SILVERADO the Services in connection with media issues
relating to the Green Fuel Project and, as requested by SILVERADO, its
mining activities, as outlined herein; and

F. WHEREAS SCC represents
a team of professionals who are highly capable and willing to provide media
consulting services to Silverado under the auspices of SCC: and

G. WHEREAS SCC is willing
to direct and manage such team;

THEREFORE IN CONSIDERATION of the
covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Parties hereto agree as follows:

Page 2 of 6

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COVENANTS

1. The foregoing recitals are
incorporated herein and are made a substantive part of the AGREEMENT.

2. SILVERADO hereby
retains, and grants permission and full authority to SCC to manage that
part of SILVERADOs media relations relating to the Green Fuel Project
and its mining activities that is mutually agreed upon.

3. SCC agrees to provide
the Services within the limits of authority given to SCC herein and on behalf of
SILVERADO. Specifically, SCCagrees under the terms of the
AGREEMENT to provide the following Tier Services to and on behalf of
SILVERADO:

BASELINE TIER:

- Develop and implement a results-oriented media strategy to achieve
  SILVERADOs goals
- Provide the teams efforts to achieve maximum effectiveness
- Provide recommendations and assessments to SILVERADOon media
  matters
- Perform analysis of current media efforts, including but not limited to:
- Earned media (news articles, interviews, etc.)
- Unearned media (paid for advertising such as BTV, Internet)
- Cost effectiveness for various types of advertising

TIER ONE:

- Generate and/or conduct interviews with general media outlets
- Generate Mississippi-based media
- Issue high quality press releases for Green Fuel and, as requested, on
  mining

TIER TWO:

- Generate Canadian Media (Largely mirrors USA program minus government
  focus)
- Write and place SILVERADOby-line articles in financial press
- Write and place SILVERADOby-line articles in trades (energy,
  science, conservation)

TIER THREE:

- Produce professionally written Garry Anselmo editorials
- Accomplish strategic placement and timing of Garry Anselmo editorial in
  national media
- Obtain media coverage in financial media
- Obtain media coverage in trades (energy, conservation, environmental &
  science media)

TIER FOUR:

- Provide media training for appropriate individuals
- Generate niche media and articles focusing on government and congressional
  audiences

TIER FIVE:

- Generate on the ground press conferences and/or media tours as needed
  including Washington, DC, New York, and Vancouver, BC

TIER SIX:

- Handle crisis communication pertaining to SILVERADO
- Obtain coverage in high-yield, high-circulation, premium price
  subscription newsletters

Page 3 of 6

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4. SILVERADO may, during
the term of this AGREEMENT, increase the Services provided beyond the
baseline and six tiers of service as outlined above and/or add additional
Services if mutually agreed to in writing by and between SILVERADO and
SCC

5. SCC will ensure that
Smith and Cancigliaare available on behalf of SCC to
perform the Services for and on behalf of SILVERADO.

6. Notwithstanding the date of
execution of this AGREEMENT, the effective date (Effective Date) of
this AGREEMENT shall by July 1st, 2007.

7. In consideration of SCC
providing the Services to SILVERADO, SILVERADO agrees to pay,
effective July 1, 2007 and for the duration of the AGREEMENT, a fee for
such work to SCC in the amount of Twenty-three Thousand Seven Hundred
Dollars (US $23,700) per month as outlined in sections A and B below.

A. Thirteen Thousand Eight
Hundred Dollars ($13,800) on or before the 1st day of each month and

B. Ninety-nine Hundred Dollars
($9,900) on or before the 15th day of each month.

8. SILVERADO will
reimburse SCC for reasonable out-of-pocket expenses actually and properly
incurred by SCC in providing the Services. SCC will provide
statements of all and any expenses submitted for reimbursement and will, upon
the request of SILVERADO, provide proper receipts and invoices.

9. SILVERADO agrees to
submit for prompt review and comment all media information not prepared bySCC and available to SILVERADO prior to release by SILVERADO
in an effort to preclude any media accidents, embarrassments, and other issues
that would be injurious to the project, the company and/or federal and state
funding.

10. SCC agrees to make
itself immediately available to work with Dr. Warrack Willson, VP of Technology,
Silverado Green Fuel Inc to assist in the technical editing of any
SILVERADO statement or article prior to its release for the sole purpose
of assuring technical accuracy.

11. Except as reasonably required
to perform the Services, SCC agrees not to disclose to any person,
business or entity or use of its own purposes, any confidential information
(Confidential Information) concerning the business or affairs of
SILVERADO, which it may acquire while providing the Services.
SILVERADOshall notify SCC if any information that it is providing
to SCC is deemed sensitive and/or confidential. SCC agrees not to
prematurely or selectively disclose any such sensitive and/or confidential
information to any outside person, shareholder, business, or entity unless first
agreed to by SILVERADO.

12. All obligations of SCC
with respect to Confidential Information will remain in effect after the
conclusion or termination of any and all agreements by and between
SILVERADO and SCC.

13. The Services shall not
include:

A.
services involved with the offer/sale of securities in capital-raising
transactions:

B.
services whose intended and primary purpose is to maintain a market for the
securities of SILVERADO;

C.
services comprising investor relations or shareholder communications;

Page 4 of 6

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D.
consultation or activities in connection with financing that involves any
issuance of SILVERADOs securities, whether equity or debt.

14. SCC, in providing the
Services for and on behalf of SILVERADO:

A.
shall comply with applicable federal, state, foreign and local laws and
regulations; and

B.
shall not make any misrepresentation regarding the business of
SILVERADO.

15. SILVERADOor
SCC may terminate this AGREEMENT at their option upon the breach
by either of them of any of their respective obligations contained herein 30
days after written notice of such breach if not cured within such 30-day
period.

16. The duration of this
AGREEMENT shall be for a period of seven (7) months commencing on the
Effective Date of the AGREEMENT, and may be extended for an additional
twelve (12) months upon written notice (by SILVERADO to SCC) sixty
(60) days prior to the expiration date of this AGREEMENT under the terms
and conditions of this AGREEMENT if mutually agreed to by and between
SILVERADO andSCC.

17. This AGREEMENT shall
in no way be construed as an exclusive contract or grant of SILVERADOs
media relations and SILVERADO shall have the right to employ others for
similar or like services.

18. Neither Party shall be
liable for any unforeseeable event beyond its reasonable control, where such
event is not caused by the fault or negligence of a Party and where such
event causes a Partyto be unable to perform its obligations under the
AGREEMENT. Should such an event occur, the Partyunable to perform
shall promptly notify the other Party. It shall further use its best
efforts to resume performance as quickly as possible and shall suspend
performance only for such period of time as is necessary as a result of such
event. All Parties agree to work together diligently to cure such event.

19. In the event that
SILVERADOfails to make any payment(s) or compensation required hereunder
or any agreements currently in effect with SCCand/or Smithand
Cancigliaas and when due, then SCCshall have the right to
suspend all services until all past due payment(s) and/or compensation have been
remedied.

20. All notices pertaining to or
required by this AGREEMENT shall be in writing and shall be delivered by
hand or overnight courier. Either Party may change its address for notice
by written notice to the other Party.

21. Unless arrangements are made
in writing, the relationship of SCC to SILVERADO shall be that of
an independent contractor. SCC and SILVERADO shall not be
considered agents of one another (except as necessary or required incidental to
the Services) or joint ventures or partners. Both SILVERADO and
SCC shall maintain sole and exclusive control over its personnel and
sub-contractors, and have sole and exclusive control over the methods and means
of carrying out their respective responsibilities hereunder.

22. SCC warrants that the
Services described in this AGREEMENTshall be carried out in a
professional manner to achieve the goals and objectives set forth by
SILVERADO, but due to the nature of the Services to be provided,
SCC can make no express or implied warranty/guarantee as to any outcome
whatsoever.

Page 5 of 6

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23. This AGREEMENTshall
be governed by and construed in accordance with the laws of the Commonwealth of
Virginia. Any dispute arising between the Partiesshall be decided by the
courts of the Commonwealth of Virginia.

24. This AGREEMENTmay be
modified only if mutually agreed to in writing by and between SILVERADOand SCC.

IN WITNESS WHEREOF, the
Parties guarantee that they are authorized to sign this agreement, and have
caused this AGREEMENTto be executed on the date first above written.

|SILVERADO GOLD MINES LTD.    |  |                             
|---------------------------- |  | ----------------------------
|By its authorized signatory: |  |                             
|                             |  |                             
|                             |  |                             
|                             |  |                             
|/s/ Garry L.
      Anselmo   |  |                             
|Garry L. Anselmo             |  |                             
|Chief Executive Officer      |  |                             
|                             |  |                             
|                             |  |                             
|SCC MANAGEMENT CORP          |  |                             
|By its authorized signatory: |  |                             
|                             |  |                             
|                             |  |                             
|                             |  |                             
|/s/ Terri D.
      Smith     |  | /s/
      Henry R. Canciglia
|Terri D. Smith               |  | Henry R. Canciglia          
|President                    |  | Secretary/Treasurer         
|                             |  |                             
|                             |  |                             
|                             |  |                             
|*/s/ Terri D.
      Smith*   |  | */s/ Henry R. Canciglia*    
|Terri D. Smith               |  | Henry R. Canciglia          

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