The TSX Venture Exchange has accepted for filing an option agreement dated July 15, 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 registered and beneficial right, title and interest, free and clear of all liens and charges, in seven mineral claims near Goodwin Lake in the province of New Brunswick. The company must exercise its option, if at all, on or before July 15, 2027. The acquisition is structured wherein the company is required to pay $50,000 and issue 500,000 common shares to the optionor over a three-year period, as further described in the company's news release dated July 16, 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 1 per cent of the NSR royalty at any time for a price of $1-million.

For further details, refer to the company's news release dated July 16, 2024.