Mr. Mike Taylor reports

SLAM IP SURVEY EXPANDS DEEP CONDUCTIVE TARGET EAST OF GRANGES AND LOGAN COPPER NICKEL COBALT ZONES AT GOODWIN

Slam Exploration Ltd. has released additional 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, New Brunswick.

Slam chief executive officer Mike Taylor states: "We are excited by these results. They continue to show potential to expand the above noted Granges and Logan zones at depth as well as along strike." Additional results are pending on a third IP line, L33E, which runs directly over hole GW24-03 in the Farquharson zone. In addition, the company is soliciting price quotes for line cutting and an IP survey for a grid of lines to cover a 2,000-by-2,000-metre area over the Granges, Farquharson and Logan zones, as well as potential extensions.

The IP profile on Line 400E is similar to the profile on L200E which identified a highly chargeable deep conductor situated between the Granges and the Logan zones. Slam previously reported a 64.90-metre core interval grading 1.49 per cent copper equivalent (CuEq) from 23.60 metres to 88.50 metres in hole GW24-02 drilled on the Granges zone. CuEq grades for hole GW24-02 were calculated using a recovery rate of 85 per cent, based on assay results set out in the attached table and previously disclosed in the company's news releases dated Aug. 7, 2024.

Chargeabilities of up to the 619 mV/V (millivolts per volt) that define deep targets on L400E located approximately 200 metres east of the Granges zone. These chargeability anomalies are associated with resistivity lows that indicate potential conductors in the rocks below.

About Jake Lee Gold: 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 (g/t) to 94.80 g/t. 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 company has mobilized its advance scout team to the Goodwin copper-nickel-cobalt project for the 2025 exploration program as the IP survey continues. This survey is designed to define 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 CuEq (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 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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