Mr. Jimmy Gravel reports

SLAM EXPLORATION ANNOUNCES LEADERSHIP TRANSITION AND APPOINTMENT OF JIMMY GRAVEL AS PRESIDENT AND CEO

Slam Exploration Ltd. has made a planned leadership transition that marks a new stage in the evolution of the company and the advancement of its exploration portfolio in New Brunswick.

After nearly 30 years at the helm of Slam Exploration, Michael Taylor will step down from his positions as president and chief executive officer. As part of this transition, Mr. Taylor will remain actively involved with the company as chairman of the board of directors, where he will continue to play an important role in Slam's strategic direction.

Three decades of leadership

Mr. Taylor was appointed president, chief executive officer and director of Slam on Nov. 26, 1996. For nearly three decades, he has played a central role in building the company, acquiring and advancing its exploration properties and developing a portfolio now focused in one of Eastern Canada's most prospective mining regions.

The board of directors wishes to express its sincere appreciation to Mr. Taylor for his leadership, vision, perseverance and exceptional commitment to Slam and its shareholders throughout these years.

His continued role as chairman of the board will enable Slam to benefit from his deep knowledge of New Brunswick's regional geology and his extensive relationships across the mineral exploration sector, developed over decades of dedicated hard work.

Jimmy Gravel takes the leadership of Slam

The board of directors is pleased to announce the appointment of Mr. Gravel as president and chief executive officer of Slam Exploration, effective immediately.

This transition represents a natural evolution for Slam as the company enters a new phase of development, with a diversified exploration portfolio focused on gold, copper, nickel, cobalt, zinc, antimony and other critical elements.

Mr. Gravel brings diversified experience in mineral exploration and project development. He has acquired more than a decade of geological expertise through extensive fieldwork alongside leading geologists, with a focus on developing mining projects across Canada.

He is vice-president and founder of 21Alpha Resources Inc., a successful private exploration company in Nova Scotia. Mr. Gravel is also president and founder of NBGold Inc., a private exploration company working with several publicly traded mining companies in New Brunswick, currently optioned to Puma Exploration.

Mr. Gravel joined Slam's board of directors in February, 2025, and was appointed vice-president of the company in June of the same year. His subsequent appointment as president and chief executive officer demonstrates continuity within Slam's management team while building fresh momentum for the company moving forward.

Mr. Gravel, president and chief executive officer of Slam, stated: "It is a great privilege and responsibility to succeed Mike Taylor as president and chief executive officer of Slam Exploration and to be entrusted to take the company to the next level.

"First and foremost, I would like to thank Mike for his confidence in me and, most importantly, for dedicating 30 years to building this company. His leadership has allowed Slam to navigate several mining cycles and develop an exploration portfolio that now offers significant opportunities and upside potential.

"Having Mike remain as chairman of the board is a tremendous advantage for Slam. We will continue to benefit from his experience, his knowledge of our properties and his strategic vision while allowing a new generation of leadership to take responsibility for the day-to-day operations of the company.

"Our objective will be to accelerate the advancement of our projects while remaining disciplined in the deployment of our capital. We intend to continue generating discoveries at our gold, copper, nickel, cobalt, zinc and antimony properties while simultaneously evaluating new opportunities.

"Goodwin remains at the centre of our critical minerals strategy while our other existing and new projects significantly broaden our exploration potential across both precious metals and critical minerals."

Mr. Taylor, chairman of the board of Slam, stated: "I am extremely proud of what we have accomplished at Slam and of the team we have built over the years. Slam is now at an important point in its development, with an exploration portfolio offering significant opportunities.

"This transition represents a new stage for me personally, but it does not mean that I am leaving Slam. I am pleased to remain chairman of the board and to continue contributing to the company's strategy and future development.

"I am particularly pleased to see Jimmy Gravel take the leadership of Slam. Jimmy brings new energy, tremendous motivation and a clear vision of what Slam can become. He has developed an excellent understanding of our company, our projects and our business environment. I am confident that he is the right person to lead Slam into its next phase and take the company to another level."

The board of directors of Slam Exploration wishes to express its sincere appreciation to Mr. Taylor for nearly 30 years of leadership and wishes Mr. Gravel every success in his new role as president and chief executive officer.

About Slam Exploration Ltd.

Slam currently holds a diversified portfolio of exploration projects throughout the mineral-rich province of New Brunswick. The company is focused on advancing the Goodwin copper-nickel-cobalt project in the Bathurst mining camp while continuing exploration on its gold and other critical-mineral properties.

The portfolio also includes significant zinc potential, such as the Mine Road project adjacent to the former Heath Steele mine, as well as new antimony-gold opportunities through the company's Harry Brook and Moose Lake projects.

The company holds net smelter return royalties and expects additional cash and share payments on both the Wedge copper-zinc project and the Ramsay gold project.

Slam Exploration intends to pursue an active exploration strategy focused on generating new discoveries, advancing existing projects and creating long-term value for its shareholders.

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