Mr. Michael Taylor reports

SLAM HIRES EXPLORATION MANAGER TO BEEF UP ITS EXPLORATION TEAM

Slam Exploration Ltd. has hired John Dinan, PGeo, for the position of exploration manager to beef up its exploration team in the search for copper, nickel, cobalt, antimony and gold in the mineral-rich province of New Brunswick. Slam is a Canadian resource company with 11 projects in a 56,000-hectare portfolio of gold and critical minerals in New Brunswick, Canada.

Having worked across Canada, Mr. Dinan brings two decades of experience to its exploration team. He held the position of senior geologist with Teck Resources Ltd. and Syncrude Canada prior to moving back to New Brunswick to work with the New Brunswick Department of Natural Resources. He holds a bachelor of science degree from the University of New Brunswick, and is a member of the Association of Professional Engineers and Geoscientists of New Brunswick.

"Mr. Dinan brings a wealth of expertise to Slam as we continue to build and advance our extensive portfolio of critical elements and gold in the mineral-rich province of New Brunswick," said Michael Taylor, chief executive officer. "John's computer and AI skills will help guide our search for copper, nickel, cobalt, antimony, zinc and silver, as well as gold in the Bathurst mining camp and other parts of the province."

Options granted

Slam's board of directors has approved the grant of incentive stock option to employees to acquire a total of 300,000 common shares in the capital of the company at an exercise price of eight cents. The options were granted pursuant to the company's 10-per-cent rolling stock option plan and are subject to the terms of the plan and the requirements of the TSX Venture Exchange. The options are exercisable for a three-year term and expire on April 29, 2029.

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 metre in hole GW24-01.

The company is trenching gold soil targets with gold grading up to 0.464 gram per tonne gold to the east and north of the No. 1 gold vein discovered by Slam at Jake Lee in 2025. Slam reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver from the new vein on Jan. 14, 2026. The Jake Lee claims are located 25 kilometres southeast of the Clarence Stream gold deposit. 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 gram per tonne 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 m from the No. 18 vein (Dec. 3, 2020), as well as 162.5 g/t gold over 0.2 m (Dec. 13, 2021) and 56.90 g/t gold over 0.5 m (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 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.

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