Mr. Mike Taylor reports

SLAM APPOINTS MR. JIMMY GRAVEL AS NEW DIRECTOR

Slam Exploration Ltd. has appointed Jimmy Gravel as a new independent director to the board of directors, effective immediately.

Mr. Gravel graduated from a sales and marketing business school 20 years ago. Over the past decade, he has acquired extensive geological expertise through fieldwork alongside leading geologists, focusing on the development of mining projects across Canada.

Currently, Mr. Gravel serves as the president and founder of Florence Creek Inc., a promising new placer gold district located in Yukon. He is also the vice-president and founder of 21Alpha Resources Inc., a successful exploration company operating in Nova Scotia. Moreover, he is the president and founder of NBGold Inc., a private exploration firm collaborating with some of the largest publicly traded mining companies in New Brunswick.

Previously, Mr. Gravel held the position of president and chief executive officer at Genius Properties, a company listed on the Canadian Securities Exchange. Under his leadership, the company successfully transitioned into Cerro De Pasco Resources through a strategic takeover, resulting in a current market capitalization exceeding $100-million.

Mr. Gravel remains a major shareholder in several publicly traded companies, having facilitated acquisitions and sales of mining properties throughout Canada.

Mr. Gravel commented: "I am thrilled to join the team at Slam. The company has some of the best projects I have ever seen and operates in a very mining-friendly district. I'd like to congratulate Mike Taylor for putting all of this together; the future is very bright for Slam."

"We are delighted to welcome Mr. Gravel to our team," said Mike Taylor, president and chief executive officer of the company. "Slam will achieve great benefit from his wealth of experience and knowledge. We look forward to working with him."

Goodwin copper-nickel project: The company has previously reported significant copper, nickel and cobalt intercepts from 15 diamond drill holes completed on the Goodwin copper-nickel project in the Bathurst mining camp (BMC) of New Brunswick. Five holes were drilled on each of the Farquharson, Logan and Granges zones as summarized below.

Farquharson copper-nickel-cobalt zone: All five Farquharson holes intersected a consistent zone of mineralization with approximate dimensions 150 metres long by 50 metres thick by 100 metres deep. The highlight is the deepest intercept in GW24-03 with a 60.60-metre core interval grading 1.17-per-cent copper equivalent. The Farquharson zone is open to expand in all directions.

Logan copper-nickel-cobalt zone: Five holes (GW24-08, GW24-09, GW24-13, GW24-14 and GW24-15) were drilled to test the Logan zone. Holes, GW24-14 cut a new high-grade zone with 12.14 metres grading 1.54 per cent copper equivalent. The three holes on this section indicate a progressive grade improvement at depth. Hole GW24-15 cut a similar core interval of 17.10 meters grading 1.22 per cent copper equivalent in a 50-metre stepout. The high-grade zone in GW24-15 is at the bottom of a 117.6-metre zone grading 0.54 per cent copper equivalent.

Granges copper-nickel-cobalt zone: Four of the five Granges zone drill holes intersected copper-nickel mineralization. Highlights include a 64.90-metre core interval grading 2.14 per cent copper equivalent in hole GW24-02.

Based on these significant drilling results, the company expanded the Goodwin project to 11,450 hectares covering a 25-kilometre stretch of aeromagnetic anomalies associated with gabbro bodies and potential copper-nickel occurrences.

PDAC (Prospectors and Developers Association of Canada) investor exchange: For more information about the Goodwin copper-nickel project and about Slam, visit booth No. 3228 from Sunday, March 2, 2025, to Wednesday, March 5, 2025, at the Metro Toronto Convention Centre.

Canada's Atlantic Edge Session -- PDAC: Mr. Taylor will participate in this session with a presentation titled "The Goodwin Copper Nickel Project" at 10:55 a.m. on Tuesday, March 4, 2025, at Ballroom A of the Intercontinental Hotel in downtown Toronto.

Quality assurance/quality control procedures: Core was collected from the drill in trays and delivered to a secure logging facility in Bathurst, N.B. After logging, samples were sawn using a diamond blade. Sawn half-core samples were numbered, collected in bags, tagged and delivered to Activation Laboratories Ltd. (Actlabs) in Fredericton for multielement analysis using assay method AR-ICP. Samples that were overlimit (above 1 per cent) for the ICP method were reanalyzed using method 8-AR.

About Slam Exploration Ltd.

Slam Exploration is a public resource company with a large portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The company has reported significant copper, nickel and cobalt intercepts from 15 diamond drill holes completed on the Goodwin copper-nickel project in the Bathurst mining camp (BMC) of New Brunswick as summarized above.

Gold assays are pending on 117 core samples sawn from two holes drilled by Slam on its wholly owned Menneval gold project and submitted for fire assay to Actlabs. Slam has previously discovered multiple gold veins on its wholly owned Menneval gold project. The company reported gold-bearing core intervals, including 162.5 grams per tonne gold over 0.2 metre and 56.90 grams per tonne gold over 0.5 metre, in its news releases dated Dec. 13, 2021, and Nov. 22, 2022.

In 2023, the company reported quartz float grading up to 39.2 grams per tonne 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.

Slam also owns the Mine Road copper-zinc-silver project, where previous workers drilled a nine-metre core interval grading 14.51 per cent zinc, 5.86 per cent lead, 0.67 per cent copper and 139.9 grams per tonne silver on the Railroad volcanogenic massive sulphide zone. The Railroad zone is seven kilometres east of the 20-million-tonne former-producing Heath Steele B zone in the Bathurst mining camp.

The company is a project generator and received significant cash and share payments over the last 12 months as follows: 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 gold project.

Qualifying statement: 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.

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