Slave Lake completes exploration at O'Connor Lake

Mr. Ritch Wigham reports SLAVE LAKE ZINC ANNOUNCES COMPLETION OF EXPLORATION FIELDWORK Slave Lake Zinc Corp. has provided an update on its recent exploration activities at the O'Connor Lake property. Exploration program concluded The company successfully wrapped up its initial exploration field program at the O'Connor Lake property. A field crew was mobilized to confirm and evaluate historic mineralized targets using modern technology to validate previous findings and pinpoint new areas of interest. The company reports that the initial process has been very positive, and results will be announced as they are compiled and interpreted. This work once compiled will help the company further define the area as well as potential drill targets. Loan settlement with directors The company has settled a $117,000 loan provided by three directors to finance the exploration program. This was achieved through a shares-for-debt transaction, whereby the company issued 2.34 million units at a price of five cents per unit to the directors. Each unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to purchase an additional share at seven cents for three years. As the transaction involves insiders, it is considered a related party transaction under MI 61-101. The company is exempt from formal valuation and minority approval requirements because the value of the units issued is less than 25 per cent of the company's market capitalization. The transaction was approved by the board. All securities issued are subject to a statutory hold period until Feb. 10, 2026. About Slave Lake Zinc Corp. Slave Lake Zinc is a mineral exploration company focused on advancing its 100-per-cent-owned O'Connor Lake property, located in the prolific Slave Lake greenstone belt of the Northwest Territories. The property is situated approximately 100 kilometres east of Fort Resolution, the terminus of the all-weather road from Osisko's Pine Point deposits. The company's geological team is experienced in identifying and delineating targets in the company's hydrothermal structurally controlled system and is committed to maximizing shareholder value through exploration and development of the O'Connor Lake project. We seek Safe Harbor.