Mr. Eugene Beukman reports

SLAM ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

Slam Exploration Ltd. has arranged a non-brokered private placement of up to six million flow-through units to be issued at a price of 2.5 cents per FT unit for gross proceeds up to $150,000. Each FT unit will comprise one common share of the company issued on a flow-through basis and one common share purchase warrant issued on a non-flow-through basis. Each warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of five cents for a period of 24 months from the date of closing.

Proceeds received from the FT units will be used to finance exploration on Slam's gold and base metal projects in New Brunswick, Canada. The company may pay finder's fees on the private placement and it is anticipated that certain insiders will participate in the private placement. The FT units will be subject to a statutory hold period of four months and one day from issuance. The private placement remains subject to customary closing conditions, including approval from the TSX Venture Exchange. For additional information regarding the private placement, please call Mike Taylor at 506-623-8960.

About Slam Exploration Ltd.

Slam Exploration is a public resource company with a large portfolio of mineral claim holdings built around its wholly owned Menneval gold project in the mineral-rich province of New Brunswick. Slam has discovered multiple gold veins at Menneval and previously reported gold-bearing core intervals, including 162.5 grams per tonne gold over 0.2 metre and 56.90 g/t gold over 0.5 m (news releases Dec. 13, 2021, and Nov. 22, 2022). The company reported significant gold discoveries 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. These discoveries include the Edge 15 and Edge 16 discoveries with gold grades of 4.76 g/t and five g/t gold over one and 0.8 metre, respectively, in basal till layers as reported Feb. 8, 2024, from overburden drill holes.

We seek Safe Harbor.