Slater Mining Receives Government Approval for the Acquisition of the West Khazret Gold Project

Slater Mining Corporation (TSX VENTURE:SLM) is pleased to announce receipt of
official approval by the Ministry of Industry and New Technologies of the
Republic of Kazakhstan for the acquisition of the West Khazret Gold Project.
Slater Mining entered into an agreement pursuant to which it had acquired a
three year option to purchase 100% of the West Khazret Gold Project (news
release dated April 17, 2012). The option was subject to (a) receipt of approval
by the Ministry of Industry and New Technologies of the Republic of Kazakhstan
and (b) a two year extension of the term of the Exploration Contract; both of
which have now been received.


Slater Mining commenced exploration in July 2012 anticipating approval of the
acquisition. Initial work consisted of a grid geochemical (mobile metal ion
(MMI)) soil sampling program over 115 km2 encompassing the western third of the
project area including the entire Sineshikhan Fault. 2,530 samples have been
taken to date on 100m sample intervals on lines 400m apart with assays pending.
This program will continue over the entire 320km2 project area including the
outcropping Birsuat prospect to the east. Orientation MMI geochemistry provided
very encouraging results confirming known mineralisation from drilling in the
Sineshikhan Fault and identifying additional drill targets.


Trenches have also been excavated across numerous areas of outcropping quartz
vein mineralisation and areas of historic mining activity to determine width and
grade of the mineralisation. Trenches are 2m in depth and average 100m in length
with a total length of 976m complete out of a 6,000m programme underway. 523
trench channel samples have been taken to date with assays pending.


A 40,000m drill programme is planned for 2013 targeting the shallow oxide
mineralisation to approximately 70m depth. All permits have been received and
initial drill targets identified.


"This is a very exciting brownfield project with enormous upside potential,"
comments Ian Slater, Chief Executive Officer. "Now that we have received all
necessary approvals, we look forward to commencing the next phase of drilling,
including confirmatory holes in the known mineralisation and resource
delineation over the entire 16 km of the Sineshikhan Fault."


About Slater Mining

Slater Mining is developing the West Khazret gold project in the Urals Tectonic
Belt in northwest Kazakhstan which is prolifically rich in both base and
precious metals. The project area covers 320km2 and contains multiple
mineralised systems. The initial target is the Sineshikhan Fault which is 3km
wide, has a strike length in excess of 16 km and extends across the border to
the north into Russia where gold deposits along the structure are currently
being exploited and have been for over 100 years. Slater Mining is focused on
bringing the major oxide open pit potential to account through shallow drilling,
metallurgical testwork and subsequent conventional heap leach mine development.
Exploration works to date include 132 drill holes (with mineralised intercepts
averaging over 1 g/t Au) and preliminary metallurgical work indicating that the
oxide mineralisation is amenable to cyanide heap leaching giving recoveries of
greater than 75%. A 220kV power line and roads traverse the project area.


Management has extensive experience operating in Kazakhstan. Ian Slater, Chief
Executive Officer, has worked in Kazakhstan since 1995. Robert Bell, Chief
Operating Officer, has worked in Kazakhstan since 1992 on numerous projects,
including developing the Mizak heap leach gold mine which is currently operated
by Kazakhmys Plc. Pavel Dubchak, Exploration Manager, has worked throughout the
CIS including most recently with Turquoise Hill Resources' (formerly Ivanhoe
Mines) Khyzyl gold project in Kazakhstan.


The scientific and technical information contained in this news release has been
reviewed and approved by Jeff Toohey P.Eng., Vice President Exploration, who is
a "Qualified Person" as defined under National Instrument 43-101.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Slater Mining Corporation
Ian Slater
Chief Executive Officer
[phone]
[e-mail]
www.slatermining.com