Mr. Mike Taylor reports

SLAM REPORTS SOIL SAMPLES UP TO 0.466 G/T GOLD AT JAKE LEE

Slam Exploration Ltd. had gold assays up to 0.466 gram per tonne gold from 766 soil samples collected on a detailed grid around its recent gold discovery at Jake Lee. The samples were collected on a 50- by 25-metre grid in the area around the recently discovered No. 1 gold vein. Slam recently reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver over 0.40 metre.

Anomalous gold soil areas include the 200-metre-by-400-metre area east of the JL No. 1 vein that appears to be related to an airborne conductor.

The company has plotted the results of channel samples cut across the No. 1 vein. Eleven samples each 0.40 metre in length were cut in three channels that cross the vein and extend into the wall rock on both sides. Assays of the vein are 31.3 g/t gold, 12.3 g/t gold and 40.5 g/t gold plotted on the right side of the channel along with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver plotted on the left side of each channel.

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 million 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.

QA/QC (quality assurance/quality control) procedures: After cleaning and washing, three channels were sawn across the No. 1 vein and into the wallrock. 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. In addition, 750 soil samples were collected and submitted. 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 all the samples for multiple elements.

NBJMAP program: The company wishes to thank the Province and the New Brunswick Department of Natural Resources & Energy for the award of $45,000 under the New Brunswick Junior Mining Assistance Program in support of the work program completed at Jake Lee in 2025 to 2026. An initial payment of 40 per cent was received in 2025 and the final payment of 6 per cent is expected once the NBJMAP report is filed.

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 0.73 per cent copper, 0.64 per cent nickel and 0.05 per cent cobalt for 2.19 per cent CuEq (copper-nickel-cobalt), including 1.11 per cent copper, 0.95 per cent nickel, 0 0.07 per cent cobalt for 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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