Mr. Mike Taylor reports

SLAM LAUNCHES GOLD CAMPAIGN

Slam Exploration Ltd. has launched its 2025 gold campaign on its Jake Lee and Love Lake gold projects. Trenching is in progress on the initial target, where Slam previously discovered quartz float grading up to 39.3 grams per tonne (g/t) gold (1). Other priority targets include a quartz float discovery grading up to 302.5 g/t gold reported by previous workers (2) on the newly acquired Love Lake project.

The company has identified 34 priority gold targets based on exploration results reported by previous workers, as well as by Slam.

Highlights include:

• Visible gold in quartz boulders grading up to 302.5 g/t gold (2);
• One soil sample grading 10,000 parts per billion (ppb) gold previously reported by Magna Terra Minerals Inc. (3);
• 54 soil samples grading from 20 ppb to 256 ppb gold (3);
• 220 soil samples grading from 10 ppb to 19 ppb gold (3);
• Slam has detected similar gold-bearing soil samples up to 980 ppb gold (4) on its wholly owned Jake Lee claims;
• Slam has discovered gold boulders grading up to 39.3 g/t gold (1) 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 (m) from the Edge 16 gold occurrence to the CT vein;
• 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 nearby deposit may not apply to the Love Lake or the Jake Lee claims.

Disclaimer: Grab samples and float samples are selected samples and may not represent true underlying mineralization.

(1) M. Taylor, Jan. 25, 2023, Slam Exploration news release.

(2) G. Woods, 1993, report of work New River claim group, assessment file No. 474310, prepared for Brunswick Mining and Smelting Corp. Ltd., NBDNRE assessment reports.

(3) L. Lawrick, Dec. 22, 2022, Magna Terra news release.

(4) M. Taylor, March 27, 2025, Slam Exploration news release.

QA/QC (quality assurance/quality control) procedures

The previous data are derived from news releases available on SEDAR+, as well as report-of-work files on the New Brunswick NBDNRE website. The Slam exploration data have been reported in previous news releases, and are available on SEDAR+, as well as Slam's website.

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 2025 exploration campaign is in progress on Slam's contiguous Jake Lee and Love Lake projects. Slam has previously reported quartz float grading up to 39.2 g/t gold on its wholly owned Jake Lee gold claims. The company holds an option to earn an 80-per-cent interest in the Love Lake project, where previous workers have reported gold boulder discoveries up to 302.5 g/t gold (4).

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. On March 29, 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 (net smelter return) 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, is a qualified person as defined by National Instrument 43-101 and has approved the contents of this news release.

We seek Safe Harbor.