Mr. Mike Taylor reports

SLAM IP SURVEY EXPANDS TARGET BENEATH FARQUHARSON COPPER-NICKEL-COBALT ZONE AT GOODWIN

Slam Exploration Ltd. has released results for Line L3300E, the third line of an induced polarization (IP) survey conducted over the Granges, Farquharson and Logan copper-nickel-cobalt zones on its wholly owned Goodwin claims in the mineral-rich Bathurst mining camp of New Brunswick. The IP survey suggests potential for extensions of all three zones at depth.

The company has requested proposals from several drilling contractors for a 4,000-metre drilling program on this road-accessible project. The primary objective is to expand the Granges and Farquharson copper-nickel-cobalt zones along strike and at depth. Slam previously reported a 64.90-metre core interval grading a 1.61 per cent copper equivalent (CuEq) from 23.60 to 88.50 metres in hole GW24-02, drilled on the Granges zone.

Slam chief executive officer Mike Taylor stated: "Our IP and drilling results demonstrate that the Goodwin copper-nickel-cobalt project has the potential to contribute meaningfully to Canada's critical elements portfolio in the mineral-rich province of New Brunswick. Copper, nickel and cobalt are key metals in Canada's economic strategy for critical elements, and we expect Goodwin to play a significant role." The management committee adds, "With the outstanding IP targets identified on the latest maps and those previously published, the board looks forward to the drilling campaign."

Line L3300E crosses the Farquharson zone and passes directly over hole GW24-03, located at 1760N on this line. The company intends to test the Farquharson zone, where prior drilling returned a 60.60-metre interval grading 0.90 per cent CuEq from 72.90 to 133.50 metres in hole GW24-03. The planned drilling program aims to identify potential higher-grade mineral zones and depth extensions of the Granges and Farquharson zones. The company is also planning additional IP surveys to extend the target area.

The CuEq grades disclosed herein were calculated using an 85-per-cent recovery rate, based on assays previously reported in company news releases dated Aug. 7, 2024 (hole GW24-02), and Aug. 12, 2024 (GW24-03).

Chargeabilities of up to the 995 mV/V (millivolt per volt) define deep targets on Line L3300E below the Farquharson zone. These chargeability anomalies are associated with resistivity lows at depth and to the north. Figure 1 (shown in the original version of this release) also shows the Farquharson zone core intercepts for diamond drill hole GW24-03 and GW24-04, both of which are located on L3300E.

About 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 (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 intends to resume its 2025 exploration program on the Goodwin copper-nickel-cobalt project as soon as the fire season ends and the roads open. The company plans additional IP and diamond drilling to test three mineral zones where Slam completed 15 diamond drill holes in 2024. The 2024 program included drill hole GW24-02 on the Granges zone with a 64.90-metre core interval grading 1.61 per cent CuEq, 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. (Canadian Securities Exchange: NINE) 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 retain 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.

We seek Safe Harbor.