Mr. Mike Taylor reports

SLAM SHIPS COPPER NICKEL CORE SAMPLES

Slam Exploration Ltd. has delivered a total of 214 sawn core samples from the three holes drilled on its wholly owned Goodwin claims in the Bathurst mining camp of New Brunswick. In addition, the company has signed an option agreement to acquire seven additional mineral claims adjacent to its wholly owned Goodwin claims. The expanded Goodwin project comprises 194 units covering 4,239 hectares located five kilometres southwest of the Half Mile copper-zinc-silver deposit owned by Trevali Mining Corp. in the BMC.

Assays are pending on 214 samples delivered to the Moncton laboratory of ALS Chemex Inc. These include 38 samples from hole GW24-01, 98 samples from hole GW24-02 and 78 samples sawn from hole GW24-03. The samples represent a 34.55-metre zone of pyrrhotite-chalcopyrite (copper) mineralization in hole GW24-01, a 31.80-metre zone of pyrrhotite-chalcopyrite mineralization in hole GW24-02 and a 58-metre zone of 15-per-cent-pyrrhotite mineralization intersected by hole GW24-03. According to previous workers, pyrrhotite mineralization at Goodwin generally contains nickel.

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.

The agreement: To earn a 100-per-cent interest in the seven mineral claims, Slam Exploration must pay the optionor a total of $50,000 dollars and issue a total of 500,000 common shares to the optionor over three years in accordance with the schedule attached herein.

Upon Slam Exploration earning a 100-per-cent interest, the optionor will retain a 2-per-cent net smelter return royalty on the property. Slam Exploration shall have the right to buy back one-half of the royalty equal to 1.0-per-cent NSR for $1-million at any time and the right of first refusal on the remaining NSR before the commencement of production.

The option agreement and proposed share issuances remain subject to approval by the TSX Venture Exchange. All security issuances will be subject to a statutory hold period of four months and one day from issuance in accordance with Canadian securities laws. No finders' fees were paid on this arm's-length agreement.

Goodwin drilling highlights

Hole GW24-01: The highlight of the hole is an 8.50-metre core interval containing 50 per cent pyrrhotite with copper mineralization (chalcopyrite). This copper-bearing interval occurs within a 34.55-metre zone of variable pyrrhotite mineralization from 24.85 metres to 59.40 metres. Previous workers have shown that pyrrhotite commonly contains nickel at Goodwin.

Hole GW24-02: Highlights include a 5.1-metre interval containing 70 per cent pyrrhotite and 5 per cent chalcopyrite (copper mineralization). This copper-bearing interval occurs within a 31.80-metre zone of variable pyrrhotite mineralization from 22.60 metres to 54.50 metres.

Hole GW24-03: This hole intersected three zones of pyrrhotite mineralization, including 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 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.

The Goodwin project: The expanded Goodwin project consists of eight original claims plus 12 recently optioned claims that combine for 194 units covering 4,239 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 Goodwin drilling highlights are from summary logs from previous Slam Exploration news releases. The results from previous workers 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.

About Slam Exploration Ltd.

Slam Exploration is 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 Exploration has discovered multiple gold veins at Menneval and previously reported gold-bearing core intervals, including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m (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 owned by Galway Metals Inc. 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 Railroad zone is 7,000 m east of the 20-million-tonne former-producing Heath Steele B zone.

The company is a project generator and has received significant cash and share payments over the past three quarters 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 statements

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.

We seek Safe Harbor.