Acquisition of Shares by Insider

SLATER MINING CORPORATION

920 – 1030 West Georgia Street Vancouver, BC, V6E 2Y3 Telephone: +1 604 638 2545

ACQUISITION OF SHARES BY INSIDER

Vancouver, BC, December 8, 2010 – Slater Mining Corporation (the “Company”) (TSX-V: SLM) Pursuant to a private transaction, Robert Bell, Vice President Projects and a director of the Company, has acquired ownership and control over 1,000,000 common shares of the Company (representing approximately 4.26% of the issued and outstanding common shares) from Paul Bushell, who is also a director of the Company, at a price of $0.125 per share for aggregate consideration of $125,000. All of the shares acquired by Mr. Bell are subject to an escrow agreement entered into among the Company, Olympia Trust Company, and certain shareholders of the Company, in connection with the Company's initial public offering.

Following the acquisition, Mr. Bell has ownership and control over 2,540,000 common shares of the Company, representing 10.81% of the issued and outstanding shares, and 300,000 share purchase options (2,840,000 common shares of the Company, representing approximately 11.94% of the then issued and outstanding common shares, assuming exercise of all of the options).

Mr. Bell has acquired the shares for investment purposes, and has no present intention to acquire further securities of the Company, although he may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

A copy of the Early Warning Report filed with the applicable securities regulators regarding the above acquisition is available on SEDAR (www.sedar.com).

Neither 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

For further information, contact:

Ian Slater

Chief Executive Officer

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