Mr. Mike Taylor reports

SLAM ACQUIRES MORE COPPER NICKEL CLAIMS

Further to its news release dated July 16, 2024, Slam Exploration Ltd. has closed the option agreement dated July 15, 2024, to acquire a 100-per-cent interest in 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 in the Bathurst mining camp of New Brunswick.

The agreement: Slam has obtained final approval from the TSX Venture Exchange and has made the first share issuance due pursuant to the option agreement and it has issued 100,000 common shares to Fernand Robichaud at a deemed price of five cents per share. The securities have a four-month-and-one-day hold period which will be expire on Nov. 24, 2024, pursuant to Canadian securities laws.

Slam can earn a 100-per-cent interest in and to the Goodwin project by making the cash payments and common share issuances shown in the attached table over a period of three years.

Upon Slam earning 100-per-cent interest, the optionor will retain a 2-per-cent net smelter return (NSR) royalty on the property. The company shall have the right to buy back one-half of the royalty equal to 1-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 Goodwin project: Assays are pending on 214 samples delivered to ALS Chemex Inc. for multielement analyses using ALS methods ME-ICP41 and PGM-ICP23. 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 31.8-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.

Hole GW24-01: The highlight of the hole is an 8.5-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 31.8-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.

QA/QC (quality assurance/quality control) procedures: The Goodwin drilling highlights are from summary logs reported in previous SXL 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.

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.

We seek Safe Harbor.