Mr. Jimmy Gravel reports

SLAM ANNOUNCES PROPOSED EXTENSION OF WARRANT EXPIRY DATES

Subject to acceptance by the TSX Venture Exchange, Slam Exploration Ltd. intends to extend by 12 months the expiry dates of an aggregate of 2,311,111 outstanding common share purchase warrants of the company. Specifically, the company proposes to extend the expiry dates of: 1,311,111 warrants (issued pursuant to a private placement announced Nov. 28, 2024) from Dec. 18, 2026, to Dec. 18, 2027; and one million warrants (issued pursuant to a property transaction announced Dec. 18, 2024) from Jan. 9, 2027, to Jan. 9, 2028. Other than the proposed extensions of their respective expiry dates, all other terms and conditions of the warrants will remain unchanged. The proposed extensions are subject to acceptance by the TSX-V, and there can be no assurance that such acceptance will be obtained. None of the warrants proposed to be extended were issued to an agent, broker or finder as compensation for services.

A total of 2,261,111 warrants are held by persons who are related parties of the company. Accordingly, the proposed extension of those warrants constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and TSX-V Policy 5.9 (Protection of Minority Shareholders in Special Transactions). The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 on the basis that the fair market value of the transaction, insofar as it involves related parties, does not exceed 25 per cent of the company's market.

We seek Safe Harbor.