Mr. Mike Taylor reports

SLAM ACQUIRES GOLD CLAIM WITH FLOAT UP TO 302.5 G/T GOLD

Slam Exploration Ltd. has signed an agreement to acquire mineral rights for the 2,640-hectare Love Lake gold claim where previous workers reported quartz float grading up to 302.5 grams per tonne (g/t) gold. The claim is adjacent to Slam's wholly owned Jake Lee gold project where Slam has discovered quartz float grading up to 39.3 g/t gold and gold-bearing soil samples up to 980 ppb (parts per billion) gold.

Highlights of exploration results reported by previous workers and by Slam are as follows:

• Visible gold in quartz boulders grading up to 302.5 g/t gold;
• One soil sample grading 10,000 parts per billion (ppb) gold previously reported by Magna Terra Minerals Inc. and shown below;
• Fifty four soil samples grading from 20 ppb to 256 ppb gold;
• 220 soil samples grading from 10 ppb to 19 ppb gold;
• Slam has detected similar gold-bearing soil samples up to 980 ppb gold on its wholly owned Jake Lee claims;
• Slam has discovered gold boulders grading up to 39.3 g/t gold on its wholly owned Jake Lee claims;
• These gold occurrences trace out a gold system in soils, boulders and outcrop that trends easterly for 13,000 metres from the Edge 16 gold occurrence to the CT vein. The pattern of soil anomalies suggests the gold may be associated with a set of northwest-trending structures.
• The geological setting is similar to the nearby Clarence stream deposit where Galway Metals Inc. currently has National Instrument 43-101-compliant indicated mineral resources of 922,000 ounces of gold and inferred mineral resources of 1,334,000 ounces of gold. It should be noted that the presence of gold in this deposit nearby may not apply to the Love Lake or the Jake Lee claims.

Slam intends to commence the 2025 exploration program at Jake lee and Love Lake as soon as to weather conditions permit. The program will begin with prospecting on multiple gold soil targets grading up to 10,000 ppb on the Love Lake claim and up to 980 ppb gold on the Jake Lee claims. The main priorities are to find the bedrock source of the 302.5 g/t gold float on the Love Lake claim and the source of the 39.3 g/t float on the Jake Lee claim.

The Love Lake agreement: The company has signed a binding term sheet with Grindstone Resources Inc. giving the company the option to acquire an 80-per-cent interest in the Love Lake property in the province of New Brunswick, Canada.

To acquire 80-per-cent interest, the company has agreed to work expenditures and cash payments to Grindstone as shown in the attached table.

Upon completion of the work expenditures and cash payments, the company will operate the Love Lake property as an 80/20 joint venture (the JV) with Grindstone and both parties are to finance exploration and development as to 80-per-cent and 20-per-cent participation. If either party's interest falls below 10 per cent, the interest will convert to a 2-per-cent NSR (net smelter return) buyable down to 1 per cent for 500 ounces gold or cash equivalent.

QA/QC (quality assurance/quality control) procedures: The figures shown in the attached table are compiled from Slam technical files superimposed on soil geochemical maps that derive the Magna Terra news release referenced above. The soil geochemical results and prospecting results for previous workers are derived from news releases available on SEDAR+ as well as the New Brunswick NBDNRE website. The data from soil and prospecting surveys by Slam have been reported in previous news releases and available on SEDAR+ as well as the Slam website.

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. Based on the 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.

Granges copper nickel cobalt zone: Goodwin drilling highlights include a 64.90-metre core interval grading 2.14 per cent copper equivalent drilled in hole GW24-02 on the Granges zone.

Logan copper nickel cobalt zone: All five holes on the Logan zonecut copper nickel cobalt mineralization including 12.14 metres grading 1.54 per cent copper equivalent in hole GW24-14 and 17.10 metres grading 1.22 per cent copper equivalent in GW24-15.

Farquharson copper nickel cobalt zone: The five Farquharson holes define a consistent zone of mineralization with dimensions 150 metres long by 50 metres thick by 100 metres deep. The zone is open to expand along strike as well as at depth beneath a 60.60-metre core interval grading 1.17 per cent copper equivalent in hole GW24-03.

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.

The company holds an option to earn 80-per-cent interest in the Love Lake project where previous workers have reported gold boulder discoveries up to 302.5 g/t gold. Slam has previously reported quartz float grading up to 39.2 g/t gold on its adjacent Jake Lee project. These projects are located 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. The company intends mobilize its prospecting team search for the source of these gold boulders as soon as weather conditions permit.

Slam drilled two holes and cut multiple gold-bearing veins were on its wholly owned Menneval gold project in 2024. The company previously reported gold bearing core intervals including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m in news releases on Dec. 13, 2021, and Nov. 22, 2022.

The company is a project generator and expects to receive significant cash and share payments in 2025. Slam received $9,000 cash and 1.2 million shares from Nine Mile Metals Inc. on Feb. 28, 2025, pursuant to the Wedge project agreement and $25,000. An option payment of $120,000 in cash and/or shares is due on March 29, 2025, from Lode Gold Resources Inc. pursuant to the Ramsay gold agreement. The company holds NSR (net smelter returns) royalties and expects 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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