Mr. Mike Taylor reports

SLAM DRILLS 35 METERS GRADING 1.25% COPPER EQUIVALENT

Slam Exploration Ltd. has released assay results from the first hole, including a core interval grading 1.93 per cent copper equivalent (CuEq) over 16.20 metres in hole GW24-01. This interval includes individual assays ranging up to 6.86 per cent copper (Cu) over 0.50 metre and 3.31 grams per tonne (g/t) gold (Au) over 0.50 metre cut by diamond drill hole GW24-01. GW24-01 is one of three holes recently drilled on Slam's wholly owned Goodwin claims, located five kilometres southwest of the Half Mile copper zinc silver deposit in the Bathurst mining camp of New Brunswick.

These assay results are from 38 samples of core samples sawn from hole GW24-01 and delivered to ALS Chemex Inc. ALS Chemex analyzed all the samples with ME-ICP41 and PGM-ICP23 methods.

Assays are pending on 98 samples that represent 141.4 metres of sawn core from hole GW24-02, including 31.80 metres of pyrrhotite-chalcopyrite mineralization. Assays are also pending on 78 samples that represent 112.5 metres of sawn core from hole GW24-03, including 58 metres of 15 per cent pyrrhotite mineralization. According to previous workers, pyrrhotite mineralization at Goodwin generally contains nickel.

QA/QC (quality assurance/quality control) procedures

Core samples were delivered from the drill to a secure logging facility in Bathurst, N.B. After logging, samples were sawn using a diamond blade saw. Sawn half-core samples were collected in bags, labelled with sample tags and delivered to ALS Chemex in Moncton, N.B. Slam inserted standards and blanks into the sample series. ALS Chemex analyzed all samples using the multielement analyses using methods ME-ICP41 and PGM-ICP23.

About Slam Exploration Ltd.

Slam is a public resource company with a large portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. Slam has discovered multiple gold veins on its wholly owned Menneval gold project. The company has reported gold-bearing core intervals, including 162.5 g/t 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 recently drilled three diamond drill holes on the Goodwin copper nickel project in the Bathurst mining camp (BMC) of New Brunswick. The first hole GW24-01 intersected a 35-metre core interval grading 1.36 per cent copper equivalent and assays are pending on 176 samples from the other two holes. Based on the drilling intercepts, the company expanded the Goodwin project, which now comprises 194 units covering 4,239 hectares.

Slam also owns the Mine Road copper-zinc-silver project adjacent to the former-producing Heath Steele mine property in the BMC. Successful diamond drill holes at Mine Road 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 volcanogenic massive sulphide Railroad zone at Mine Road. The Railroad zone is 7,000 metres 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 last six months as follows: $150,000 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 cash plus 2.5 million shares of Lode Gold Resources Inc., pursuant to the Ramsay gold agreement. The company holds NSR (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.

Qualified person

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.