Mr. Mike Taylor reports

SLAM ACQUIRES THREE NEW ANTIMONY SHOWINGS IN BATHURST MINING CAMP

Slam Exploration Ltd. has acquired the Moose Lake antimony project through an option agreement signed March 30, 2026. The project comprises two separate claims with three antimony showings that grade up to 4.32 per cent antimony and 0.894 gram per tonne (g/t) gold according to previous workers. Contiguous to Moose Brook, Slam's wholly owned Slacks Lake claim group covers a number of antimony anomalies detected in regional till surveys. Together, the Moose Lake and Slacks Lake claims cover 3,567 hectares of road-accessible mineral potential underlain by volcano sedimentary rocks located in the mineral-rich Bathurst mining camp of New Brunswick, Canada.

The Moose Lake project covers the Moose Lake, Stewart and Skull antimony gold showings all discovered in 1986. At Skull, trenches dug by previous workers uncovered a highly silicified breccia zone with grab samples ranging up to 4.32 per cent antimony and 0.894 g/t gold. The breccia zone was traced over a strike length of 120 metres, a width of 20 metres and to a depth of 120 metres by trenching and drilling. The Skull showing is located on claim 3499.

Previous workers reported grab samples ranging up to 1.67 per cent antimony and 0.16 g/t gold at the Moose Lake occurrence, located 3,700 metres southeast of the Skull showing. The Moose Lake occurrence is a similar breccia zone and was traced over a 300-metre strike length by historic trenches. The Moose Lake occurrence is listed as No. 796 in the New Brunswick Department of Natural Resources and Energy (NBDNRE) mineral occurrence database.

The Stewart showing (NBDNRE 795) is located 4,700 metres southeast of the Skull antimony occurrence. Previous workers trenched an area 60 metres by 20 metres and chip samples were taken over widths from 0.4 metre to 1.5 metres with a maximum value of 0.57 per cent antimony.

Several antimony till anomalies occur southeast of the Stewart showing. These anomalies are located on claim 11731, which is wholly owned by Slam. The company intends to explore these anomalies in addition to the newly acquired antimony showings in 2026.

The Stewart, Moose Lake and Skull antimony showings are numbered 795, 796 and 797 in the mineral occurrence database of the NBDNRE. The initial discovery and exploration is discussed in assessment report 473436, "Report of Geology, Geochemistry and Geophysics, Slacks Lake Property, Falconbridge Ltd.," by Richard Cote, 1987.

To acquire the claims, the company entered into an arm's-length option agreement with prospectors on March 30, 2026, to acquire a 100-per-cent interest in two mineral claims known as the Moose Brook antimony claims, located in the Bathurst mining camp of New Brunswick. To acquire a 100-per-cent interest in and to the property, Slam must, over a period of three years, pay the optionors an aggregate of $80,000 and issue to the optionors a total of 600,000 common shares in accordance with the schedule indicated in the attached table.

Upon Slam earning a 100-per-cent interest, the optionor will retain a 2-per-cent net smelter return (NSR) royalty on the property. Slam shall have the right to buy back one-half of the royalty equal to 1.0-per-cent NSR for $1-million at any time and the right of first refusal on the remaining NSR.

The agreement and proposed share issuances remain subject to approval by the TSX Venture Exchange. All security issuances will be subject to a statutory hold period of four months and one day from issuance in accordance with Canadian securities laws. No finders' fees were paid on this agreement.

Warrant extension

The company also announces that it plans for a one-year extension to extend the expiry dates of 2.7 million share purchase warrants, originally granted pursuant to a private placement that closed in two tranches on April 25, 2024, and May 22, 2024.

The company is in the process of distributing written consents to the warrantholders and anticipates receiving the executed consents by the end of next week. The amended warrants will be exercisable until April 25, 2027 (instead of April 26, 2026), and May 22, 2027 (instead of May 22, 2026). Each amended warrant will entitle the holder to acquire one common share at a price of five cents for an additional one-year period, expiring on either April 25, 2027, or May 22, 2027, with all other terms of the amended warrants remaining the same. The proposed warrant extension is subject to approval by the TSX Venture Exchange.

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 (BMC) 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 CuEq (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 metre in hole GW24-01.

The company discovered a new gold vein at Jake Lee in 2025 and recently reported up to 40.5 g/t gold and 63.30 g/t silver from channel samples cut from the vein. A 200-metre-by-400-metre soil anomaly with gold grading up to 0.98 g/t gold lies adjacent to the east and north of the new gold vein. The Jake Lee claims are located 25 kilometres southeast of the Clarence Stream gold deposit, where Galway Metals Inc. 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").

The company reported an expansion of the soil coverage on the Menneval gold project on Jan. 7, 2026. A gold soil anomaly extends approximately 3,000 metres by 2,500 metres with gold-bearing samples ranging from 0.005 g/t to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by Slam. The company previously reported core intervals include 3,955 g/t gold over 0.1 metre from the No. 18 vein (Dec. 3, 2020), as well as 162.5 g/t gold over 0.2 metre (Dec. 13, 2021) and 56.90 g/t gold over 0.5 metre (Nov. 22, 2022) from the Maisie vein.

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 NSR 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.