The TSX Venture Exchange has accepted for filing an option agreement dated June 3, 2024, among Slam Exploration Ltd. and an arm's-length optionor, pursuant to which the company is granted the sole, exclusive and irrevocable right and option to acquire an undivided 100-per-cent interest in five mineral claims, located five kilometres southwest of the Half Mile copper-zinc deposit owned by Trevali Mining Corp. and located in the Bathurst mining camp of New Brunswick. The company must exercise its option, if at all, on or before June 3, 2028. The acquisition is structured wherein the company is required to pay Prospect $60,000 and issue one million common shares to the optionor over a four-year period, as further described in the company's news release dated June 12, 2024.

Pursuant to the agreement, the optionor will also retain a 2-per-cent net smelter return (NSR) royalty on the property, subject to the ability of the company to repurchase a 1-per-cent NSR royalty at any time for a price of $1-million.

For further details, refer to the company's news release dated June 12, 2024.