Mr. Mike Taylor reports

SLAM ACQUIRES NEW GOLD-ANTIMONY PROJECT

Slam Exploration Ltd. has acquired the Harry Brook gold-antimony project, which hosts a high-grade quartz float occurrence (1428) grading 1,320 grams per tonne gold, a bedrock occurrence (1433) grading 0.965 g/t gold, and an antimony float occurrence (1216) grading 24.25 per cent antimony.

The Harry Brook project comprises three gold-antimony mineral claims covering approximately 4,415 hectares. The claims were acquired by staking and located in the vicinity of the Bald Hill antimony project operated by Antimony Resources Corp. in southern New Brunswick. The Harry Brook claims cover three documented mineral occurrences referenced in the New Brunswick mineral occurrence database maintained by the New Brunswick Department of Natural Resources:

• 1428 -- Harry Brook gold;
• 1433 -- Johnson gold;
• 1216 -- Sheba East antimony.

1428 -- Harry Brook gold: This float occurrence comprises a large quartz boulder measuring approximately 35 centimetres by 20 cm containing visible gold, discovered by a DNR geologist. A sample containing visible gold returned a value of 1,320 g/t gold (reference: S.C. Johnson, 2005, MP2005-55, Discovery of High-Grade Gold-bearing Float in Southern New Brunswick).

1433 -- Johnson gold: This occurrence yielded 0.965 g/t gold from a silicified rhyolite outcrop located approximately 2,800 metres northwest of the Harry Brook gold occurrence. The discovery was made by a DNR geologist during the 2005 summer mapping project.

1216 -- Sheba East antimony: This occurrence consists of an antimony-bearing float grading 24.25 per cent antimony, reported in 1927 on the Kings-Queens county line, approximately two miles east of the Johnston-Brunswick parish line.

Jake Lee project update

Assays are pending on 11 channel samples sawn from the No. 1 gold vein on Slam's wholly owned Jake Lee claims. The company reported eight grab samples with assays ranging from 7.42 grams per tonne to 94.80 g/t gold from the No. 1 gold vein on July 9, 2025. A second discovery comprised a quartz float grading 16.20 and 3.78 g/t gold, respectively, 100 metres southwest of the initial discovery as reported Aug. 28, 2025.

Assays are also pending on 52 grab samples collected from trenches dug on various targets up to 7,500 metres along strike. The Jake Lee claims are located 25 kilometres southeast of the Clarence Stream gold deposit where Galway Metals Inc.'s Clarence Stream is host to a 12.4-million-tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1 million tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold (reference: "Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022"). Slam's exploration team recently mobilized back to Jake Lee.

Historic Menneval results

Slam previously reported gold-bearing core intervals from the Maisie vein, including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m, in news releases dated Dec. 13, 2021, and Nov. 22, 2022. The company also reported a core interval grading 3,955 g/t (127 ounces) gold over 0.1 m from the No. 18 vein. The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring approximately 3,000 metres by 2,500 metres.

About Slam Exploration Ltd.

Slam Exploration is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin copper-nickel-cobalt project in the Bathurst mining camp of New Brunswick. The company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the company in 2024. These include a 64.90-metre core interval, grading 2.19 per cent copper equivalent (copper-nickel-cobalt), including 3.84 per cent CuEq over a 31.20-metre core interval from hole GW24-02 as reported in a news release dated Aug. 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5 m in hole GW24-01.

The company is a project generator and expects to receive significant cash and share payments in 2026. Slam received 1.2 million shares plus cash from Nine Mile Metals Inc. in 2025 pursuant to the Wedge project agreement. Also, in 2025, the company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The company holds net smelter return royalties, and expects to receive additional cash and share payments on the Wedge copper-zinc project and on the Ramsay gold project.

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.