Slave Lake Zinc Mobilizes Field Crew to Advance Exploration Program

Executive Summary

• Slave Lake Zinc Corp. has mobilized a field crew to the O'Connor Lake property to verify historic mineralized targets using satellite imagery, GPS reconnaissance and existing airborne geophysics.
• The company is settling recent insider loans by issuing 2,340,000 units at $0.05 per unit, each consisting of one common share and one warrant exercisable at $0.07 for three years.
• Units issued are subject to a four‑month + one‑day hold period.

Key Details

• Exploration Activity: Field crew deployed to O'Connor Lake property; objectives include confirming historic targets and identifying new zones of interest.
• Financing Structure: 2,340,000 units (each = 1 common share + 1 warrant).
• Pricing & Proceeds: Unit price $0.05 → gross proceeds approximately $117,000.
• Warrant Terms: Each warrant allows purchase of one additional common share at an exercise price of $0.07 per share; exercisable for three years from issuance.
• Hold Period: Securities issued to settle insider loans are subject to a four‑month + one‑day lock‑up.
• Related Parties: Loans originated by Jas Rai, Ritch Wigham and Glen Macdonald are being settled via the unit issuance.

Notable Quotes

“We are very excited to have our team on the ground at O'Connor Lake,” said Ritch Wigham, CEO of Slave Lake Zinc. “This comprehensive program will allow us to validate the promising historic findings and pinpoint new areas of interest, moving us closer to unlocking the full potential of this property.”