Mr. Mike Taylor reports

SLAM ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

Slam Exploration Ltd. has arranged a non-brokered private placement offering, consisting of the issuance of up to eight million flow-through units at a price of 3.5 cents per FT unit to raise gross proceeds of up to $280,000. Each FT unit will consist of one flow-through common share of the company and one-half of one transferable non-flow-through common share purchase warrant (with two such half warrants being a warrant). Each warrant will be exercisable to acquire one additional non-flow-through common share of the company at a price of five cents for 24 months following the date of issuance.

The net proceeds of the offering will be used for the exploration and advancement of the company's projects in New Brunswick. The gross proceeds of the FT shares sold under the offering will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) which qualify as a flow-through mining expenditure for purposes of the Income Tax Act (Canada) related to the exploration program of the company to be conducted on the company's properties located in the province of New Brunswick. The company will renounce such Canadian exploration expenses with an effective date of no later than Dec. 31, 2025.

The offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. All securities will be subject to a hold period of four months and one day from the closing date of the offering in accordance with applicable securities laws. The company may pay finders' fees to qualified parties in connection with the offering.

Certain insiders of the company may participate in the offering. Any participation by insiders in the offering will be considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).

The company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units subscribed for by the insiders, nor the consideration for the FT units paid by such insiders is expected to exceed 25 per cent of the company's market capitalization.

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 on May 20, 2025, the company has made a new gold discovery with grab samples grading 18.50 to 75.90 grams per tonne gold.

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

Slam drilled two holes and cut multiple gold-bearing veins 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 in 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 net smelter return royalties, and expects additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

We seek Safe Harbor.