Mr. Mike Taylor reports

SLAM REPORTS MORE COPPER NICKEL ASSAYS AT GOODWIN

Slam Exploration Ltd. has released assay results for four additional holes drilled on its wholly owned Goodwin claims, located 35 kilometres southwest of the Caribou mine in the Bathurst mining camp (BMC) of New Brunswick. All four holes intersected copper-nickel mineralization over core intervals ranging from 46 metres to 75 metres and grades ranging from 0.75 per cent to 1.01 per cent copper equivalent. Together with hole GW24-03, these holes define the Farquharson zone over a strike length of 140 metres and to a downhole depth of 133 metres. The results for all five Farquharson holes are tabled in the attached table.

All five of the Farquharson zone holes were drilled at a dip of 50 degrees and azimuth of 40 degrees on a 40-by-40-metre pattern.

Assays are pending on eight additional holes GW24-08 to GW24-15. This includes five holes on the Logan copper nickel zone and three holes on the Granges copper-nickel zone. After hole GW24-15 was completed, the drill was demobilized to Bathurst.

QA/QC (quality assurance/quality control) procedures

Core was collected from the drill in trays and delivered to a secure logging facility in Bathurst, N.B. After logging, a total of 184 samples were sawn from holes GW24-04 to GW24-07 using a diamond blade. Sawn half-core samples were collected in bags, labelled with sample tags and delivered to ALS Chemex Ltd. in Moncton, N.B. Slam inserted standards and blanks into the sample series. ALS Chemex analyzed all samples for multielements using its method ME-ICP41.

About Slam Exploration Ltd.

Slam is a public resource company with a large portfolio of mineral claim holdings 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 (g/t) gold over 0.2 metre and 56.90 g/t gold over 0.5 metre (see news releases dated 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 BMC of New Brunswick. Highlights include a 60.60-metre core interval grading 1.17 per cent copper equivalent in hole GW24-03, a 64.90-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. The Railroad zone is 7,000 metres 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, is a qualified person, as defined by National Instrument 43-101, and has approved the contents of this news release.

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