Mr. Mike Taylor reports

SLAM GRANTS STOCK OPTIONS

Slam Exploration Ltd.'s board of directors has approved the grant of incentive stock options to directors, officers, employees and consultants to acquire a total of 2.9 million common shares in the capital of the company at an exercise price of eight cents. All options were granted pursuant to the company's 10-per-cent rolling stock option plan and are subject to the terms of the plan, the applicable grant agreements and the requirements of the TSX Venture Exchange. The options are exercisable for a five-year term expiring July 22, 2030.

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 grams per tonne 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).

On July 18, 2025, the company reported a highly chargeable deep conductor situated between the Granges and the Logan zones from the first line of its 2025 induced polarization survey. This deep anomaly is associated with a 64.90-metre core interval grading 1.49 per cent copper equivalent from 23.60 metres to 88.50 metres in drill hole GW2402, within the Granges zone (CuEq calculated using an 85-per-cent recovery rate based on assay results disclosed in the company's news release dated Aug. 7, 2024). The 2025 exploration program on the company's Goodwin copper-nickel-cobalt project continues with additional lines of an induced polarization survey. The IP survey is designed to refine drill targets within and surrounding the Granges, Logan and Farquharson copper-nickel-cobalt zones.

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 royalties on both projects, and expects additional cash and share payments.

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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