SLM

Slater Mining Corporation (TSX VENTURE:SLM) is pleased to announce that
exploration has commenced on its recently optioned West Khazret Gold Project in
Kazakhstan. Initial work will consist of a grid geochemical (mobile metal ion
(MMI)) soil sampling program with orientation lines over the 1,400m of known
mineralization at the previously drilled and trenched Atygai gold system located
within the 3km wide and 16 km long Sineshikhan Fault. Once the orientation MMI
geochemistry is documented, soil samples will be collected on traverses firstly
across the entire Sineshikhan Fault (50-100m sample intervals on lines 400m
apart) and secondly over the entire 320km2 project area with broader spacing.
Trenches will also be excavated across numerous areas of outcropping quartz vein
mineralisation and areas of historic mining activity to determine width and
grade of the mineralisation.


"This is a very exciting brownfield project with enormous upside potential,"
comments Ian Slater, Chief Executive Officer. "We look forward to commencing the
next phase of drilling, including confirmatory holes in the known mineralisation
and resource delineation over the entire Sineshikhan Fault."


About Slater Mining

Slater Mining is developing the West Khazret gold project in the Urals Tectonic
Belt in northwest Kazakhstan which is prolifically rich in both base and
precious metals. The project area covers 320km2 and contains multiple
mineralised systems. The initial target is the Sineshikhan Fault which is 3km
wide, has a strike length in excess of 16 km and extends across the border to
the north into Russia where gold deposits along the structure are currently
being exploited and have been for over 100 years. Slater Mining is focused on
bringing the major oxide open pit potential to account through shallow core
drilling, metallurgical testwork and subsequent conventional heap leach mine
development. Exploration works to date include 132 drill holes (with mineralised
intercepts averaging over 1 g/t Au) and preliminary metallurgical work
indicating that the oxide mineralisation is amenable to cyanide heap leaching
giving recoveries of greater than 75%. A Preliminary Economic Assessment is
planned to be completed by the end of 2013. A 220kV power line and roads
traverse the project area. 


Management has extensive experience operating in Kazakhstan. Ian Slater, Chief
Executive Officer, has worked in Kazakhstan since 1995 originally as Managing
Partner of Arthur Andersen's Mining Practice. Robert Bell, Vice President
Projects, has worked in Kazakhstan since 1993 on numerous projects, including
developing the Mizak heap leach gold mine which is currently operated by
Kazakhmys Plc. Tim Neall, Project Geologist, has worked in Kazakhstan since
1995, most recently with Kazakhmys Plc. 


The scientific and technical information contained in this news release has been
reviewed and approved by Michael Johnson, P.Geo., Vice President Exploration,
who is a "Qualified Person" as defined under National Instrument 43-101. 


For further information on Slater Mining please refer to our website
www.slatermining.com.


This news release includes forward-looking statements that are subject to risks
and uncertainties. All statements within, other than statements of historical
fact, are to be considered forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements. This news release does
not constitute an offer to sell or a solicitation of an offer to sell any
securities in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such
registration is available.

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