Mr. Mike Taylor reports

SLAM CONDUCTING IP SURVEY TO DEFINE TARGETS AT GOODWIN COPPER-NICKEL PROJECT BEFORE DRILLING CAMPAIGN STARTS

Slam Exploration Ltd. has mobilized a geophysics crew to conduct induced polarization surveys over the Granges, Farquharson and Logan copper-nickel-cobalt zones on its wholly owned Goodwin claims in the Bathurst mining camp of New Brunswick. The first IP line will cover a 64.90-metre core interval at a recovered grade of 1.49 per cent copper equivalent from 23.60 metres to 88.50 metres in drill hole GW2402 on the Granges zone. This 1,600-metre line is designed to cover both the Granges and Logan zones and test the area beneath the copper-nickel-cobalt zone in hole GW24-02. The company expects to receive preliminary survey results within one week.

The company also plans to test the Farquharson zone. The initial line in this area will cross over a 60.60-metre core interval at a recovered grade of 0.84 per cent copper equivalent from 72.90 metres to 133.50 metres in hole GW2403. The IP survey is expected to identify potential higher-grade mineral zones and depth extensions of the Granges, Farquharson and Logan copper-nickel-cobalt zones. The recovered CuEq grades above were calculated using a recovery rate of 85 per cent based on assays listed in the table below and previously reported in news releases dated Aug. 7, 2024, for hole GW2402 and Aug. 12, 2024, for hole GW2403.

About Jake Lee gold

Assays are pending for the company's trenching and prospecting program at its wholly owned Jake Lee mineral claims located in southwestern New Brunswick. The batch includes rush samples from the vicinity of trench JT25-01, where the company recently excavated deeper to further expose a quartz vein. As previously disclosed in a news release dated May 20, 2025, four samples from this vein returned grades ranging from 18.50 grams per tonne gold to 75.90 g/t gold.

About Slam Exploration Ltd.

Slam is a publicly traded resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The company commenced its 2025 exploration season with a new gold discovery on the Jake Lee gold project, reporting four samples grading 18.50 to 75.90 g/t gold in a news release dated May 20, 2025. Assays are pending on additional samples from the follow-up prospecting and trenching program.

The 2025 exploration program on the Goodwin copper-nickel-cobalt project is under way, beginning with the IP survey, which is intended to refine drill targets in and around three mineralized zones where the company completed 15 diamond drill holes in 2024. Slam reported significant copper, nickel and cobalt intercepts including a 64.90-metre core interval at a recovered grade of 1.49 per cent CuEq from 23.60 metres to 88.50 metres in drill hole GW2402 on the Granges zone (CuEq calculated at a recovery rate of 85 per cent from assay results announced by press release dated Aug. 7, 2024).

Slam operates as a project generator and expects to receive significant cash and share consideration in 2025. Notably, on Feb. 28, 2025, Slam received $9,000 in cash and 1.2 million shares of Nine Mile Metals Inc. pursuant to the Wedge project agreement. On March 29, 2025, the company also received a cash payment of $60,000 and 180,000 shares of a private company pursuant to the Ramsay gold agreement. The company retains net smelter return royalties on both projects, and expects additional cash and share payments.

Qualifying statement

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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