Mr. Mike Taylor reports

SLAM IP SURVEY IDENTIFIES DEEP CONDUCTIVE TARGET BENEATH GRANGES AND LOGAN COPPER-NICKEL-COBALT ZONES AT GOODWIN AND APPOINTS NEW CFO

Slam Exploration Ltd. has released the results from an induced polarization (IP) survey conducted over the Granges, Farquharson and Logan copper-nickel-cobalt zones on its wholly owned Goodwin claims, located in the Bathurst mining camp in New Brunswick. The IP survey identified a highly chargeable deep conductor situated between the Granges and the Logan zone. As previously reported, drill hole GW2402 intersected a 64.90-metre core interval grading 1.49 per cent copper equivalent (CuEq), from 23.60 metres to 88.50 metres, within the Granges zone.

The company is encouraged by these exciting results. Charge abilities ranging up to the 990 millivolts per volt define deep targets in the vicinity of the Granges zone. To further define these targets, the company has designed on a grid of lines spaced at 100 metres to cover a 2,000-by-2,000-metre area over the Granges, Farquharson and Logan zones as well as potential extensions. The company is requesting price quotes for line cutting and an IP survey over this grid.

Copper equivalent grades for hole GW24-02 were calculated using a recovery rate of 85 per cent, based on assay results set out in the table below and previously disclosed in the company's news releases dated Aug. 7, 2024 (GW2402).

Results are pending on a second IP line L400E and the IP survey is in progress on the third line, L5300E. This line will run directly over hole GW24-03 on the Farquharson zone.

Chief financial officer appointment

The company is also pleased to announce the appointment of James (Jim) Henning as chief financial officer, effective July 8, 2025. Mr. Henning is a chartered accountant and has served as the founder and president of Corpfinance Advisors Inc. since 1984. He brings extensive experience in business valuation across a wide range of industries and has advised companies on financing, public offerings and corporate restructuring initiatives. His sector expertise includes retail cannabis, manufacturing, telecommunications, software, biomedical, oil and gas services, renewable energy, and mining. Mr. Henning currently serves as chief financial officer for several companies listed on the TSX Venture Exchange and the Canadian Securities Exchange.

"We are very pleased to welcome Jim Henning to the executive team as chief financial officer," said Mike Taylor, chief executive officer of Slam. "Jim brings a wealth of financial expertise and strategic insight, particularly in capital markets. His deep understanding of the resource sector and proven leadership will be instrumental as we advance our exploration programs and strengthen our financial position."

About the Jake Lee gold project

As previously reported in the company's news release dated July 9, 2025, eight grab samples collected from a bedrock vein in trench JT25-01 returned gold assay values ranging from 7.42 grams per tonne to 94.80 grams per tonne. Assays are pending on additional samples collected from the same area.

About Slam Exploration Ltd.

Slam Exploration is a publicly traded resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The company commenced its 2025 exploration season with a new bedrock gold discovery on its Jake Lee gold project, reporting four samples grading between 18.50 g/t and 75.90 g/t gold (see news release dated May 20, 2025), followed by eight samples ranging from 7.42 g/t to 94.80 g/t (see news release dated July 9, 2025).

The 2025 exploration program on the company's Goodwin copper-nickel-cobalt project is now under way, beginning with the IP survey designed to refine drill targets within and surrounding three mineralized zones where Slam completed 15 diamond drill holes in 2024. Notably, drill hole GW2402 on the Granges zone intersected a 64.90-metre core interval grading 1.49 per cent copper equivalent, from 23.60 metres to 88.50 metres (CuEq calculated using an 85-per-cent recovery rate based on assay results disclosed in the company's news release dated Aug. 7, 2024).

Slam operates as a project generator and expects to receive significant cash and share consideration in 2025. Notably, on Feb. 28, 2025, Slam received $9,000 in cash and 1.2 million shares of Nine Mile Metals Inc. pursuant to the Wedge project agreement. On March 29, 2025, the company also received a cash payment of $60,000 and 180,000 shares of a private company pursuant to the Ramsay gold agreement. The company retains net smelter return (NSR) royalties on both projects and expects additional cash and share payments.

Qualifying statement

Mike Taylor, PGeo, president and CEO 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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