Mr. Mike Taylor reports

SLAM LAUNCHES TRENCHING PROGRAM AT GOODWIN

Trenching is in progress on Slam Exploration Ltd.'s wholly owned Goodwin project located 35 kilometres south of the Caribou mine and mill complex in the Bathurst mining camp (BMC) of New Brunswick. The company is planning to mobilize a drilling rig for the phase 2 drilling program around Oct. 9.

• Trenching targets: The company is testing the Granges, Farquharson and Logan zones as well as other targets.
• The Granges zone: Slam intends to complete four trenches to test the strike extent of a 31.2-metre core interval grading 3.84 per cent copper equivalent drilled in hole GW24-02.
• The Farquharson zone: Slam is planning to dig four trenches to test for potential extensions of a 60.6-metre core interval grading 1.17 per cent copper equivalent drilled in hole GW24-03 as reported Aug. 12, 2024.
• The Logan zone: The company plans a series of trenches to test for potential extensions to this historic copper-nickel zone. A six-metre core interval of massive sulphides with copper mineralization was reported in hole NO60-03 but assays were not included. Assays were reported for seven later drill holes. Hole MM71-05B intersected a 16.95-metre core interval grading 0.37 per cent copper and 0.44 per cent nickel with individual core samples grading up to 0.72 per cent copper and 1.05 per cent nickel over 2.10 metres (these results predate National Instrument 43-101 regulations and can only be validated by additional drilling).
• Other targets: Other targets include untested soil geochemical anomalies, MegaTEM conductors and magnetic anomalies that occur in the vicinity of the three known copper-nickel zones shown on a map on-line.

Quality assurance/quality control procedures

The Granges zone and Farquharson zone results described above were previously reported by Slam in news releases dated between July 30, 2024, and Aug. 12, 2024. The historic results from previous workers are derived from New Brunswick assessment files that predate NI 43-101 regulations. They can only be validated by additional trenching and drilling.

About Slam Exploration Ltd.

Slam Exploration is a public resource company with a large portfolio of mineral claimholdings in the mineral-rich province of New Brunswick. Slam has discovered multiple gold veins on its wholly owned Menneval gold project. The company has reported gold-bearing core intervals including 162.5 grams per tonne gold over 0.2 metre and 56.90 g/t gold over 0.5 m (news releases Dec. 13, 2021, and Nov. 22, 2022). The company reported quartz float grading up to 39.2 g/t gold on its Jake Lee project in the vicinity of the Clarence Stream gold deposit where Galway Metals Inc. is working on a 2.3-million-ounce gold deposit in southern New Brunswick.

The company completed three diamond drill holes on the Goodwin copper-nickel project in the Bathurst mining camp of New Brunswick. Highlights include a 60.6-metre core interval grading 1.17 per cent copper equivalent in hole GW24-03, a 64.9-metre core interval grading 2.14 per cent copper equivalent in hole GW24-02 and a 35-metre core interval grading 1.36 per cent copper equivalent in hole GW24-01. Based on the drilling intercepts, the company expanded the Goodwin project, which now comprises 194 units covering 4,239 hectares.

Slam also owns the Mine Road copper-zinc-silver project adjacent to the former-producing Heath Steele Mines property in the BMC. Successful diamond drill holes at Mine Road by previous workers include IL2014-003 with a nine-metre core interval grading 14.51 per cent zinc, 5.86 per cent lead, 0.67 per cent copper and 139.9 g/t silver on the volcanogenic massive sulphide Railroad zone at Mine Road (Doe Run Canadian Exploration ULC, 2015, New Brunswick assessment files, report of work No. 477877). The Railroad zone is 7,000 m east of the 20-million-tonne former-producing Heath Steele B zone.

The company is a project generator, and has received significant cash and share payments over the last nine months as follows: $150,000 cash and 50,000 shares from S2 Minerals Inc. on Dec. 19, 2023, pursuant to the Reserve Creek gold agreement; 534,000 shares and 333,000 warrants (exercisable at one cent) issued by Nine Mile Metals Inc. on March 1, 2024, pursuant to the Wedge project agreement and $25,000 cash plus 2.5 million shares of Lode Gold Resources Inc. pursuant to the Ramsay gold agreement. The company holds NSR (net smelter return) royalties, and expects additional cash and share payments on the Wedge copper-zinc project, and on the Ramsay, Reserve Creek and Opikeigen gold projects.

Qualifying statements

Mike Taylor, PGeo, president and chief executive officer of Slam Exploration, is a qualified person as defined by National Instrument 43-101 and has approved the contents of this news release.

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