Mr. Mike Taylor reports

SLAM ANNOUNCES GOLD ASSAYS FROM MENNEVAL

Slam Exploration Ltd. has released assay results from 904 soil samples collected in the vicinity of the Maisie vein on its wholly owned Menneval gold project, located in northwestern New Brunswick.

The samples represent an expansion of the Menneval soil grid, where previously reported soil samples ranged from 0.005 gram per tonne (g/t) to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by Slam. Previously reported core intervals include 3,955 g/t gold over 0.1 metre from the No. 18 vein (Slam news release Dec. 3, 2020), as well as 162.5 g/t gold over 0.2 m (Dec. 13, 2021) and 56.90 g/t gold over 0.5 m (Nov. 22, 2022) from the Maisie vein.

Director Jacques Turcotte stated: "Wow! Eighty per cent of these samples contain gold as seen by the number of coloured dots. These beautiful maps show us the exceptional gold potential of Menneval. The blue dots show high gold lining up along aeromagnetic features and define exceptional drilling and trenching targets for upcoming 2026 campaign. Along with our known high-grade gold veins open at depth and along strike these are high-priority gold targets. The 2026 Menneval drilling program will be very exciting!"

Gold soil anomalies are widespread across the Menneval soil grid. There is a strong spatial association between the gold soil anomalies and known quartz veins previously discovered by Slam.

The gradient map highlights an association between aeromagnetic features and gold-bearing quartz veins. In addition to known veins, numerous gold-bearing soil samples are associated with linear aeromagnetic features which represent priority drilling targets.

QA/QC (quality assurance/quality control) procedures

The company contracted GeoXplore Surveys Inc. of Bathurst, N.B., to collect the 904 soil samples to expand the previous Menneval soil grid. The contractor delivered all samples directly to Activation Laboratories Ltd. in Fredericton, N.B., for analysis. Actlabs analyzed all samples for gold using procedure 1A2 (fire assay with atomic absorption finish).

Jake Lee project update

Assays are pending on 11 channel samples sawn from the No. 1 gold vein on Slam's wholly owned Jake Lee claims. The company reported eight grab samples with assays ranging from 7.42 grams per tonne (g/t) to 94.80 g/t gold from the No. 1 gold vein on July 9, 2025. A second discovery comprised quartz float grading 16.20 and 3.78 g/t gold respectively 100 metres southwest of the initial discovery as reported Aug. 28, 2025.

Assays are also pending on 52 grab samples collected from trenches dug on various targets up to 7,500 metres along strike. The Jake Lee claims are located 25 kilometres southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4-million-tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1 m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. Slam's exploration team recently mobilized back to Jake Lee.

Historical Menneval results

Slam previously reported gold-bearing core intervals from the Maisie vein, including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m, in news releases dated Dec. 13, 2021, and Nov. 22, 2022. The company also reported a core interval grading 3,955 g/t (127 ounces) gold over 0.1 m from the No. 18 vein. The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring approximately 3,000 metres by 2,500 metres.

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. This portfolio is built around the Goodwin copper-nickel-cobalt project in the Bathurst mining camp (BMC) of New Brunswick. The company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the company in 2024. These include a 64.90-metre core interval, grading 2.19 per cent CuEq (copper-nickel-cobalt), including 3.84 per cent CuEq over a 31.20-metre core interval from hole GW24-02 as reported in a news release Aug. 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5 m in hole GW24-01.

The company is a project generator and expects to receive significant cash and share payments in 2026. Slam received 1.2 million shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 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 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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