Mr. Mike Taylor reports

SLAM DRILLING FOR COPPER, NICKEL AND COBALT ON GRANGES ZONE AT GOODWIN

Diamond drilling is under way at Slam Exploration Ltd.'s Goodwin copper-nickel-cobalt project, located in the Bathurst mining camp of New Brunswick. The drill is currently set up on hole GW25-16, targeting the Granges copper-nickel-cobalt zone. This zone was previously tested by GW24-02, which intersected a 64.90-metre core interval grading 0.73 per cent copper, 0.64 per cent nickel and 0.05 per cent cobalt, as reported in the company's news release dated Aug. 7, 2024.

Hole GW25-16 is positioned approximately 40 metres east and 20 metres north of hole GW24-02 and designed to test the eastward projection of the Granges zone. In addition, GW24-16 will evaluate an induced polarization anomaly at depth below the Granges zone.

About Slam Exploration Ltd.

Slam Exploration is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. Diamond drilling is in progress on the Goodwin copper-nickel-cobalt project in the Bathurst mining camp (BMC) of New Brunswick. The drilling program follows significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the company in 2024 on the Goodwin project. These include a 64.90-metre core interval grading 0.73 per cent copper, 0.64 per cent nickel and 0.05 per cent cobalt including 1.11 per cent copper, 0.95 per cent nickel and 0.07 per cent cobalt over a 39.40-metre core interval as reported in a news release Aug. 7, 2024. Induced polarization (IP) results for three lines over the Granges, Logan and Farquharson copper-nickel-cobalt zones show potential for depth extensions as reported July 18, Aug. 7 and Aug. 21, 2025, in news releases by the company.

The company launched its 2025 exploration program with two new gold discoveries on its wholly owned Jake Lee claims. Slam reported eight grab samples with assays ranging from 7.42 grams per tonne (g/t) to 94.80 g/t gold in the initial discovery on July 9, 2025. A second discovery comprised quartz float grading 16.20 and 3.78 g/t gold, respectively in trench JT25-05 located 100 metres southwest of the initial discovery as reported Aug. 28, 2025.

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 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m in news releases on Dec. 13, 2021, and Nov. 22, 2022. The company is currently collecting 1,000 additional samples to expand the soil coverage and further define the target on this extensive vein system.

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. (NINE) on Feb. 28, 2025, pursuant to the Wedge project agreement. 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 NSR (net smelter returns) royalties and expects to receive additional cash and share payments on the Wedge copper-zinc project and on the Ramsay gold project.

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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