SBM is a private company that is 100% owned by directors of Slater Mining and as a result the Debt

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

DEBT SETTLEMENT

Vancouver, BC, July 3, 2013 – Slater Mining Corporation (TSX-V: SLM) announces that it has agreed, subject to the approval of the TSX Venture Exchange, to issue a total of 5,000,000 common shares at a deemed price of $0.05 per share to SB Management Ltd. ("SBM") in settlement of short term loans totalling $250,000 (the "Debt Settlement"). The shares issued to SBM under the Debt Settlement will be subject to a hold period of four months and one day from the date of issuance.

SBM is a private company that is 100% owned by directors of Slater Mining and as a result the Debt Settlement will be a "related party transaction" pursuant to the provisions of MI 61-101. Pursuant to MI 61-101, Slater Mining is relying on exemptions from the requirement to obtain a formal valuation and minority shareholder approval.

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 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.

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