SLM

Slater Mining Corporation (TSX VENTURE:SLM) is pleased to announce that further
to Slater Mining's news release of April 17, 2012, announcing that it had
entered into an agreement pursuant to which it had acquired a three year option
(the "Option") to purchase 100% of the West Khazret Gold Project, Slater Mining
has prepared a National Instrument 43-101 compliant technical report (the
"Report") for West Khazret.  


The Report, entitled "NI 43-101 Technical Report on the West Khazret Gold
Project, Northern Kazakhstan, July 2012", by Qualified Person - Phil Newall,
BSc, PhD, FIMMM, CEng, on behalf of Wardell Armstrong International Ltd. can be
found at www.slatermining.com and www.sedar.com. 


The Option is subject to (a) receipt of approval by the Ministry of Industry and
New Technologies of the Republic of Kazakhstan which is expected by the end of
2012 and (b) a two year extension of the term of the Exploration Contract which
was received on May 5, 2012. 


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 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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Slater Mining Corporation
Ian Slater
Chief Executive Officer
+1 604 638 2545
slater@slatermining.com
www.slatermining.com

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