Private Placement

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PRIVATE PLACEMENT

Vancouver, BC, June 18, 2013 – Slater Mining Corporation (TSX-V: SLM) announced today that is has closed its previously announced non-brokered private placement (the "Private Placement") of 10,000,000 common shares at $0.05 per share for aggregate gross proceeds of $500,000. The proceeds of the Private Placement will be used for general working capital purposes. All of the common shares issued under the Private Placement are subject to a hold period, expiring on October 18, 2013.

In connection with the closing of the Private Placement Mr. Ian Slater of Vancouver, British Columbia acquired direct ownership and control of 870,000 common shares (the "Common Shares") of the Company. Following completion of the Private Placement, Mr. Slater now has direct ownership and control over a total of 6,000,000 common shares of the Company representing 15.52% of the issued and outstanding common shares of the Issuer and has direct ownership and control over options to acquire 600,000 common shares (the "Options") of the Issuer. If Mr. Slater were to exercise all of the Options, he would then own 6,600,000 common shares representing 16.81% of the then issued and outstanding common shares of the Issuer.

Mr. Slater acquired the Common Shares for investment purposes and have no present intention to acquire further securities of the Issuer, although Mr. Slater may in the future acquire or dispose of securities of the Issuer, through the market, privately or otherwise, as circumstances or market conditions warrant.

For further information on Slater Mining please contact:

Ian Slater Chief Executive Officer +1 604 638 2545

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. 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

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

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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.