Quarter One Financials update

May 17, 2019 Trading Symbol - CSE: SLZ

Quarter One Financials update

In the preparation of the 2nd Quarter Financial Statements of the company (Slave Lake Zinc

Corp.) ending March 31/2019, it was discovered by the company’s new accountant that the First

Quarter statements ending Dec.31/2018 had unintentionally been misstated due to the omission

of the stock options granted by the company under normal course of the company's stock option

plan.

The error has been corrected and the company (Slave Lake Zinc) has filed on Sedar both the

current (Mar.31/2019) and previous Quarter 1 (Dec.31/2018) re -stated, Financial Statements.

The company’s statements are now current and up to date.

About Slave Lake Zinc

Slave Lake Zinc Corp. intends to develop the potential of its O'Connor Lake property, an historic

zinc lead copper property l ocated in the North West Territories of Canada. The property is

located south of Great Slave Lake and to the east of Osisko Metals' Pine Point

project. The property was initially developed after the Second World War and subsequently

abandoned in 1952 whe n the prices of zinc and lead collapsed post war. Slave Lake Zinc Corp.

believes that it is well positioned to advance this project and to expand significantly the historic

potential of the property. For more information please visit www.zinccorp.ca.

On Behalf of the Board of Directors,

Slave Lake Zinc Corp.

Per:

Ritch Wigham CEO & Director

Phone: 604-396-5762

Email: [email protected]

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or

accepted responsibility for the adequacy or accuracy of the content of this news release

Forward Looking Statement

Statements in this news release that are forward -looking statements are subject to various risk s

and uncertainties concerning the specific factors disclosed here and elsewhere in both Slave Lake

Zinc’s periodic filings with Canadian securities regulators. When used in this news release, words

such as "will", "plan", "estimate", "expect", "intend", " potential", "should," and similar

expressions, are forward-looking statements. Information provided in this document is necessarily

summarized and may not contain all available material information. Forward-looking statements

include, without limitation, statements regarding the progress of a definitive offtake agreement,

potential development and production at the Company’s O’Connor lake project, future oriented

events and other statements that are not facts. Forward -looking statements are based on a few

assumptions and estimates that, while considered reasonable by management based on the

business and markets in which Slave Lake Zinc operates, are inherently subject to significant

operational, economic and competitive uncertainties and contingencies. Such forward-looking

statements should therefore be construed in light of such factors. Although Slave Lake Zinc has

attempted to identify important factors that could cause actual results, performance or

achievements to differ materially from those contained in the forward-looking statements, there

can be other factors that cause results, performance or achievements not to be as anticipated,

estimated or intended. There can be no assurance that such information will prove to be accurate

or that management's expectations or estimates of future developments, circumstances or results

will materialize. Accordingly, readers should not place undue reliance on forward -looking

statements. The forward-looking statements in this news release are made as of the date of thi s

news release, and Slave Lake Zinc disclaims any intention or obligation to update or revise such

information, except as required by applicable law, and Slave Lake Zinc does not assume any

liability for disclosure relating to any other company herein.