Mr. Mike Taylor reports

SLAM DRILLS COPPER NICKEL MINERALIZATION

Slam Exploration Ltd. has released preliminary results from the third hole (GW24-03) drilled on its wholly owned Goodwin project in the Bathurst mining camp of New Brunswick. The Goodwin project is located five kilometres southwest of the Half Mile copper-zinc-silver deposit owned by Trevali Mining Corp. in the BMC.

Hole GW24-03 highlights include a 23.55-metre core interval with 15 per cent pyrrhotite starting at 72.90 metres, a 13.65-metre interval with 15 per cent pyrrhotite mineralization starting at 94.8 metres and a 20.85-metre zone with 15 per cent pyrrhotite from 113.15 metres to 134.00 metres. These intervals combine for 58 metres of pyrrhotite mineralization, which, according to previous workers, generally contains nickel at Goodwin. GW24-03 was drilled from a site located 900 metres southeast of hole GW24-02. DDH GW24-03 was drilled at a dip of 500 toward azimuth 0400 to a depth of 248 metres. The summary log reads as set out in the attached table.

The core has been delivered to a secure facility in Bathurst, N.B., for detailed logging and sampling.

Goodwin project highlights: The company sawed 35 metres of mineralized core from hole GW24-01 and bagged 38 samples. The sawn core samples were delivered to ALS Chemex Inc. in Moncton, N.B., for copper, nickel, silver, cobalt, bismuth, platinum, palladium and gold analyses, as well as other elements using ALS multielement package ME-ICP41 and method PGM-ICP23. Samples that run over 1 per cent copper and/or 1 per cent nickel will be analyzed using an overlimit method ME-OG46.

Logging and sampling are in progress on diamond drill hole GW24-02 and GW24-03. Holes GW24-01 and GW24-02 tested the Granges zone, where previous workers cored a 5.7-metre interval grading 1.79 per cent copper plus 1.51 per cent nickel in diamond drill hole GR87-55. The core length in metres may not equal the true width of this interval. Hole GW24-03 located 900 metres southeast of hole GW24-02 was drilled to test for pyrrhotite and associated nickel mineralization in the Farquharson zone, which was discovered by Noranda in a 1960 drilling program. Upon completion of GW24-03, the drill was demobilized.

The Goodwin project consists of eight original claims plus five recently optioned claims that combine for 159 units that cover 3,474 hectares of prospective mineral ground. The project is underlain by the Goodwin Lake gabbro, a 6,500-metre-long body of intrusive rocks hosting the three copper-nickel occurrences referenced herein. Permits are in place for a trenching and drilling program to test for copper-nickel mineralization, as well as gold and platinum group metals. The Goodwin project is accessible by logging roads from the Fraser Burchill road off Route 430, which connects to the city of Miramichi 90 kilometres to the southeast.

Quality assurance/quality control procedures: The results described herein are from news releases and reports that predate National Instrument 43-101 regulations. The numbers can only be validated by additional drilling but the company deems these results to be useful to plan additional drilling. The core descriptions and the summary log for hole GW24-03 are based on visual observations of the core.

About Slam Exploration Ltd.

Slam a public resource company with a large portfolio of mineral claim holdings built around its wholly owned Menneval gold project in the mineral-rich province of New Brunswick. Slam has discovered multiple gold veins at Menneval and previously reported gold-bearing core intervals including 162.5 grams per tonne gold over 0.2 metre and 56.90 g/t gold over 0.5 metre (news releases dated Dec. 13, 2021, and Nov. 22, 2022). The company reported quartz float grading up to 39.2 g/t gold on its Jake Lee project in the vicinity of the Clarence Stream gold deposit, where Galway Metals Inc. is working on a 2.3-million-ounce gold deposit in southern New Brunswick.

The company holds the Goodwin copper-nickel project and the Mine Road volcanogenic massive sulphide copper-zinc-silver project in the mineral-rich Bathurst mining camp of New Brunswick. Previous workers discovered three copper-nickel occurrences at Goodwin. Mineralized core intercepts were drilled including 1.79 per cent copper plus 1.51 per cent nickel over 5.7 metres in diamond drill hole GR89-55 on the Goodwin project.

Successful diamond drill holes by previous workers include IL2014-003 with a nine-metre core interval grading 14.51 per cent zinc, 5.86 per cent lead, 0.67 per cent copper and 139.9 g/t silver on the Railroad zone at Mine Road.

The company is a project generator, and has received significant cash and share payments over the past six months as follows: $150,000 in cash and 50,000 shares from S2 Minerals Inc. on Dec. 19, 2023, pursuant to the Reserve Creek gold agreement; 534,000 shares and 333,000 warrants (exercisable at one cent) issued by Nine Mile Metals Inc. on March 1, 2024, pursuant to the Wedge project agreement and $25,000 in cash plus 2.5 million shares of Lode Gold Resources Inc. pursuant to the Ramsay gold agreement. The company holds net smelter return royalties, and expects additional cash and share payments on the Wedge copper zinc project and on the Ramsay, Reserve Creek and Opikeigen gold projects.

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.

We seek Safe Harbor.