Mr. Mike Taylor reports

SLAM DISCOVERS MINERALIZED QUARTZ VEINS

Slam Exploration Ltd. has discovered mineralized quartz veins in all three trenches completed to date on its wholly owned Jake Lee mineral claim in the southwest corner of the mineral-rich province of New Brunswick. Trenches JT25-01 to JT25-03 were designed to track the source of four quartz float samples (JL22 float) grading from 1.49 grams per tonne up to 39.3 grams per tonne gold previously discovered by Slam.

All three trenches uncovered quartz veins mineralized with up to 3 per cent sulphides, including chalcopyrite, galena, arsenopyrite and pyrite. The veins in JT25-01 and JT 25-02 range up to 0.40 metre in thickness. Trench JT25-03 uncovered a three-metre-wide zone of quartz stringers, with individual veins ranging up to 0.15 metre. Sulphide mineralization occurs in both the quartz stringers and wall rock. Trench TR2501 is located 20 metres north of the JL22 float. TR25-03 is an easterly extension of TR25-01. Trench JT25-02 is 200 metres to the north and parallel to the first trench. This trench is still in progress.

Slam's prospecting team has also discovered a small historic trench on the newly acquired Love Lake gold claim. A two-kilogram quartz slab flagged with the sample number JR95-04 was found in the trench. This is the likely site of two quartz boulders grading up to 302.5 grams per tonne gold reported by previous workers in 1992. This is Target J31 on the list of 34 priority gold targets on the Love Lake/Jake Lee claim groups, as reported in Slam's news release dated April 28, 2025. Assays are pending on 26 samples from the prospecting and trenching program submitted Actlabs in Fredericton, N.B., for gold analysis.

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

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 available on SEDAR+.

About Slam Exploration Ltd.

Slam Exploration is a public resource company with a large portfolio of mineral claimholdings 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 grams per tonne 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 grams per tonne gold.

Slam drilled two holes and cut multiple gold-bearing veins on its wholly owned Menneval gold project in 2024. The company previously reported gold-bearing core intervals, including 162.5 grams per tonne gold over 0.2 metre and 56.90 grams per tonne gold over 0.5 metre 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 net smelter return royalties and expects additional cash and share payments on the Wedge copper-zinc project and on the Ramsay gold project.

Qualifying statement

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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