Slater Mining Corporation Announces Name Change and Consolidation

Vancouver, BC, February 4, 2016 – Slater Mining Corporation (TSX-V: SLM) (the “Company”) announces that it has received approval from the TSX Venture Exchange to change its corporate name from “Slater Mining Corporation” to “Libero Mining Corporation”.

In connection with the name change, the Company will consolidate (the “Consolidation”) all of its outstanding common shares on the basis of two (2) pre-Consolidation common shares for one (1) post- Consolidation common share. The reasons for the Consolidation are to increase the Company’s flexibility in the marketplace and to make the Company’s securities more attractive to a wider audience of potential investors.

The name change and Consolidation will be effective and Company’s common shares, currently listed on the TSX Venture Exchange under stock symbol "SLM", will commence trading on a Consolidated basis under the new symbol "LBC" effective at the market opening on February 5, 2016 (the “Effective Date”). The new CUSIP for the Company’s Consolidated common shares is 53015J100.

The Company currently has 43,667,429 common shares issued and outstanding. As at the Effective Date, the Company will have approximately 21,833,714 common shares issued and outstanding. Any fractional interest in common shares resulting from the Consolidation will be rounded down to the nearest whole common share. Registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc., the Company's transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholders accounts.

The Company also announces that Robert Bell has resigned as Chief Operating Officer of the Company, though he remains a Director.

For further information please contact:

Patrick Balit Suite 920 – 1030 West Georgia Street Vancouver, BC, V6E 2Y3 +1 778 372 2558 [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

920 – 1030 West Georgia Street, Vancouver, British Columbia, Canada, V6E 2Y3, +1 604 638 2545

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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 and regulatory and administrative approvals, processes and filing requirements. 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 stat