Mr. Mike Taylor reports

Slam CUTS HIGH GRADE GOLD & SILVER IN CHANNEL SAMPLES

Slam Exploration Ltd. has released new high-grade assays up to 40.5 grams per tonne (g/t) gold and 63.3 g/t silver from channel samples sawn across the No. 1 vein on its wholly owned Jake Lee claims. The Jake Lee project is located 25 kilometres southeast of the Clarence Stream gold deposit operated by Galway Metals Inc. in New Brunswick, Canada.

Three channels were cut across the No. 1 vein and extended into the wall rock on both sides of the vein. The three channel samples cut across the vein assayed 31.3 g/t gold, 12.3 g/t gold and 40.5 g/t gold, along with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver as summarized in the attached table.

The first three samples in the table were cut from the No. 1 vein. The other eight samples were sawn from wall rock on both sides of the vein. All of the wall rock samples contain gold ranging from 0.118 g/t to 0.898 g/t gold.

QA/QC (quality assurance/quality control) procedures: After cleaning and washing, three channels were sawn across the No. 1 vein and into the wall rock. Channel JLCS2 and channel JLCS3 were spaced three and four metres respectively metres east of channel JLCS1. Eleven channel samples were collected and delivered directly to Actlabs in Fredericton, N.B., for analysis. Actlabs analyzed all the samples for gold using procedure 1A2 (fire assay with atomic absorption finish) and 1A3 (gravimetric finish) for overlimit samples. Actlabs also used the ICP 1E3 method to analyze the samples for multiple elements.

Jake Lee project update

Channel sample assays range up to 40.50 g/t gold and 63.30 g/t silver in the No. 1 gold vein as reported above from Slam's wholly owned Jake Lee claims. The company had previously 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.

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.

Historic 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 (127oz) gold over 0.1m 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. 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 (net smelter return) 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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