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

Slater Mining Receives Government Approval for the Acquisition of the West 
Khazret Gold Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/12/13 -- 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. 
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. 
Slater Mining Corporation
Ian Slater
Chief Executive Officer
+1 604 638 2545
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