Mr. Mike Taylor reports

SLAM DRILLS 81 AND 74 METER CORE INTERVALS AT THE GOODWIN COPPER-NICKEL-COBALT PROJECT

Slam Exploration Ltd. has drilled mineralized core intervals with pyrrhotite and chalcopyrite in all four holes to date in the 2025 diamond drilling campaign at the Goodwin copper-nickel-cobalt project. Significant intervals include an 81-metre zone of mineralized gabbro with pyrrhotite and chalcopyrite from 88.70 to 169.75 metres in hole GW25-17 and a 74-metre mineralized zone with pyrrhotite and chalcopyrite (copper) from 76.10 to 150.10 metres in hole GW25-19. The Goodwin copper-nickel-cobalt project is located in the mineral-rich Bathurst mining camp of New Brunswick. Assays are pending on 236 samples, including 50 samples from GW25-16, 148 samples from GW25-17 and 38 samples from GW25-18. Slam's core logging team has logged hole GW25-19 and marked an additional 86 samples to be sawn from that hole and submitted to Activation Laboratories Ltd. (Actlabs).

The campaign began with hole GW25-16 on the Granges copper-nickel-cobalt zone. This zone was previously tested by GW24-02, which intersected a 64.90-metre core interval grading 0.73 per cent copper, 0.64 per cent nickel and 0.05 per cent cobalt, as reported in the company's news release dated Aug. 7, 2024. Hole GW25-16 cut mineralized core intervals over 11.47 and 4.40 metres, respectively, from 69.21 to 80.68 metres and from 124.60 to 129.00 metres. Hole GW25-16 was positioned approximately 40 metres east and 20 metres north of holes GW24-01 and GW24-02 and designed to test the eastward projection of the Granges zone. Significant gold values were detected in the Granges zone ranging up to 3.31 grams per tonne gold over 0.50 metre in hole GW24-01 and 0.44 g/t gold over 1.95 metres in hole GW24-02. Multielement assays, including copper, nickel, cobalt as well as gold, are for pending on 50 samples sawn from hole GW25-16.

Holes GW25-17, GW25-18 and GW25-19 were drilled on the Farquharson zone. Hole GW25-17 was drilled at an angle of 70 degrees to test beneath hole GW24-03 from the same drill site. Hole GW24-03 was previously drilled and reported by Slam in a news release dated Aug. 12, 2024. Hole GW25-17 intersected an 81-metre zone of mineralized gabbro with pyrrhotite and chalcopyrite from 88.70 to 169.75 metres, including a 48.7-metre zone of strongly mineralized gabbro with pyrrhotite and chalcopyrite from 98.70 to 147.40 metres. Below that, from 147.4 metres to the end at 452 metres, hole GW25-17 intersected gabbro mineralized with pyrrhotite and local chalcopyrite over core intervals ranging from 9.35 to 31.60 metres. Assays are pending on 148 samples from GW25-17.

Hole GW25-18 was drilled to test the Farquharson zone 40 metres west of hole GW24-03 and 30 metres behind hole GW24-07. The hole intersected gabbro with 18.75-metre and 33.70-metre intervals of pyrrhotite mineralization from 46.75 to 65.50 metres and 105.20 to 138.90 metres, respectively.

Hole GW25-19 intersected a 74-metre zone of pyrrhotite mineralization with disseminated chalcopyrite (copper) mineralization from 76.10 to 150.10 metres in hole GW25-19. This Farquharson zone hole was drilled at an angle of 65 degrees from a point located 40 metres to the east of hole GW24-03 and 15 metres behind hole GW24-05, which was previously drilled and reported by Slam in a news release dated Oct. 18, 2024.

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, samples were sawn using a diamond blade. Sawn half-core samples were numbered, collected in bags, tagged and delivered to Actlabs in Fredericton. Actlabs will perform a multielement analysis using its assay method UT7. Samples that are overlimit (above 1 per cent) for the UT7 method will be reanalyzed using method 8-AR. Blanks and samples are included in the sample series.

About Slam Exploration Ltd.

Slam Exploration is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. Diamond drilling is in progress on the Goodwin copper-nickel-cobalt project in the Bathurst mining camp (BMC) of New Brunswick. The drilling program follows significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the company in 2024 on the Goodwin project. These include a 64.90-metre core interval grading 0.73 per cent copper, 0.64 per cent nickel and 0.05 per cent cobalt, including 1.11 per cent copper, 0.95 per cent nickel and 0.07 per cent cobalt over a 39.40-metre core interval, as reported in a news release dated Aug. 7, 2024. Induced polarization (IP) results for three lines over the Granges, Logan and Farquharson copper-nickel-cobalt zones show potential for depth extensions, as reported on July 18, Aug. 7 and Aug. 21, 2025, in news releases by the company.

The company launched its 2025 exploration program with two new gold discoveries on its wholly owned Jake Lee claims. Slam reported eight grab samples with assays ranging from 7.42 g/t to 94.80 g/t gold in the initial discovery on July 9, 2025. A second discovery comprised quartz float grading 16.20 g/t and 3.78 g/t gold, respectively, in trench JT25-05, located 100 metres southwest of the initial discovery as reported on Aug. 28, 2025.

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 metre and 56.90 g/t gold over 0.5 metre, in news releases on Dec. 13, 2021, and Nov. 22, 2022. The company is currently collecting 1,000 additional samples to expand the soil coverage and further define the target on this extensive vein system.

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 to receive additional cash and share payments on the Wedge copper-zinc project and on the Ramsay gold project.

Qualifying statement: 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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