Qualifying Property Option Payment

SLATER MINING CORPORATION

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

QUALIFYING PROPERTY OPTION PAYMENT

Vancouver, BC, June 15, 2011 – Further to its news release of September 30, 2010, Slater Mining Corporation announces that it has issued a further 100,000 common shares and made payments in the amount of $50,000 to Eagle Plains in accordance with the terms of the Karin Lake Property Option Agreement. The common shares are subject to a hold period expiring October 16, 2011.

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