Mr. Mike Taylor reports

SLAM REPORTS NEW GOLD DISCOVERY - GRAB SAMPLES ASSAY 18.50 TO 75.90 G/T GOLD

Slam Exploration Ltd. has found a new gold discovery with four grab samples grading from 18.50 grams per tonne (g/t) to 75.9 g/t gold collected from a mineralized quartz vein in the first trench of the 2025 exploration program on its wholly owned Jake Lee mineral claim in southwestern New Brunswick. These four samples were submitted on a rush basis to Actlabs in Fredericton for gold analysis as soon as the discovery vein was uncovered.

Four samples ranging from 18.50 g/t gold to 75.90 g/t gold were collected from a quartz vein in bedrock uncovered by the first trench JT25-01. This new gold discovery is 20 metres north of three quartz float samples (JL22 float) grading from 3.39 grams/tonne (g/t) to 39.30 g/t gold previously discovered by Slam. The results for all four samples are listed in the attached table.

Trench JT25-02 was dug to 200 metres north of the first trench. It uncovered a 0.30-metre-wide quartz vein with minor sulphide mineralization. Trench JT25-03 was dug to the northeast of the first trench. Trench JT25-03 uncovered a three-metre-wide zone of quartz breccia and quartz stringers. The stringers are locally mineralized with up to 3 per cent sulphides including chalcopyrite, galena, arsenopyrite and pyrite.

Sulphide mineralization occurs in both the quartz stringers and wall rock. Trench JT25-03 followed the stringer zone for 30 metres and the zone is open to the northeast. The new gold discovery site is shown with aeromagnetics in a figure shown in the original version of this release.

Assays are pending on 31 additional samples collected from the prospecting and trenching program and submitted to Actlabs in Fredericton, N.B., for gold analysis. The company signed an amendment to renew its option to acquire 100-per-cent interest in the Roger Lake claim. The Jake Lee, Love Lake and Rogers Lake claims cover 13,720 hectares of gold potential demonstrated by 12 gold occurrences associated with strong magnetic features as shown in a figure shown in the original version of this release.

Disclaimer: Grab and float samples are selected samples and may not represent true underlying mineralization.

QA/QC (quality assurance/quality control) procedures: Six grab samples including four from the first trench and two from prospecting sites were collected, tagged and delivered to Activation Laboratories Ltd. in Fredericton, N.B. Actlabs performed procedure 1A2 on all samples followed by the 1A3 gravimetric assay procedure for over-the-limit samples. The previous work data are derived from news releases available on SEDAR+ as well as report of work files on the New Brunswick NBDNRE website. The Slam exploration data have been reported in previous news releases and available on SEDAR+ as well as the company website.

About Goodwin: The company reported significant copper, nickel and cobalt intercepts from 15 diamond drill holes in 2024 on the Goodwin copper-nickel-cobalt project in the Bathurst mining camp (BMC) of New Brunswick. These include a 64.90-metre core interval grading 2.19 per cent copper equivalent reported in a news release Aug. 7, 2024. The company expects to resume exploration activities at Goodwin in the near future.

About Slam Exploration Ltd.

Slam Exploration is a public resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The 2025 exploration campaign is in progress on Slam's contiguous Jake Lee, Roger Lake and Love Lake projects. As reported above, the company has made a new gold discovery with grab samples grading 18.50 to 75.90 g/t gold.

Slam drilled two holes and cut multiple gold-bearing veins were on its wholly owned Menneval gold project in 2024. The company previously reported gold-bearing core intervals including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m in news releases on Dec. 13, 2021, and Nov. 22, 2022.

The company is a project generator and expects to receive significant cash and share payments in 2025. Slam received $9,000 cash and 1.2 million shares from Nine Mile Metals Inc. on Feb. 28, 2025, pursuant to the Wedge project agreement. On March 29, 2025, the company received a cash payment of $60,000 as well as 180,000 shares of a private company 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 gold project.

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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