Mr. Mike Taylor reports

SLAM ACQUIRES NEW COPPER NICKEL COBALT SHOWING ADJACENT TO GOODWIN

Slam Exploration Ltd. has acquired a copper-nickel-cobalt showing in a diamond drill hole adjacent to its Goodwin project through an option agreement signed Feb. 18, 2026. This showing occurs on a 175-hectare claim known as the Mount Raymond property. Acquisition of this claim expands the Goodwin project to cover 12,500 hectares of copper, nickel and cobalt potential within a 25-kilometre belt of mineralized gabbros and volcano sedimentary rocks. The road-accessible Goodwin project is located in the mineral-rich Bathurst mining camp of New Brunswick, Canada.

The Mount Raymond claim covers a cobalt-copper-nickel occurrence grading up to 0.43 per cent copper, 0.12 per cent nickel and 0.11 per cent cobalt associated with semi-massive to massive sulphide mineralization comprising pyrrhotite with chalcopyrite over a core length of 1.65 metres in a 2011 drill hole by previous workers. Other reported samples in the hole assayed 0.18 per cent cobalt and 0.12 per cent vanadium each over 1.0 metre, respectively (New Brunswick Department of Natural Resources and Energy Development, mineral occurrence database, reference No. 1529, and New Brunswick assessment report 477287).

To acquire the claim, the company entered into an arm's-length option agreement with Great Atlantic Resources Corp. on Feb. 18, 2026, to acquire a 100-per-cent interest in one mineral claim known as the Mount Raymond property, located in the province of New Brunswick. To acquire a 100-per-cent interest in and to the property, Slam must, over a period of three years: (i) pay the optionor an aggregate of $82,500; (ii) issue to the optionor a total of 675,000 common shares; and (iii) incur a minimum of $200,000 in qualifying expenditures, all in accordance with the schedule detailed in the attached table.

Upon Slam earning a 100-per-cent interest, the optionor will retain a 2-per-cent net smelter return (NSR) royalty on the property. Slam shall have the right to buy back one-half of the royalty, equal to a 1.0-per-cent, NSR for $1-million at any time and the right of first refusal on the remaining NSR before the commencement of production.

The agreement and proposed share issuances remain subject to approval by the TSX Venture Exchange. All security issuances will be subject to a statutory hold period of four months and one day from issuance in accordance with Canadian securities laws. No finders' fees were paid on this agreement.

Goodwin VTEM (versatile time domain electromagnetic) survey

The company also reports that Geotech has completed the 850-kilometre VTEM survey over the Goodwin copper-nickel-cobalt project. The company has received preliminary maps, such as a VTEM profile map. VTEM conductors are associated with the Granges, Logan and Farquharson zones, where the company has drilled 25 holes that include a 64.90-metre core interval, grading 2.19 per cent CuEq (copper equivalent) (copper, nickel and 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 from the Granges zone with up to 3.31 grams per tonne over 0.5 metre in hole GW24-01.

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 and cobalt), including 3.84 per cent CuEq over a 31.20-metre core interval from hole GW24-02, as reported in a news release dated Aug. 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5 metre in hole GW24-01.

The company discovered a new gold vein at Jake Lee in 2025 and recently reported up to 40.5 grams per tonne (g/t) gold and 63.30 g/t silver from channel samples cut from the vein. A 200-metre-by-400-metre soil anomaly with gold grading up to 0.98 g/t gold lies adjacent to the east and north of the new gold vein. The Jake Lee claims are located 25 kilometres southeast of the Clarence Stream gold deposit, where Galway Metals Inc.'s 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 (reference: "Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada," by SLR Consulting (Canada) Ltd., March 31, 2022).

The company reported an expansion of the soil coverage on the Menneval gold project on Jan. 7, 2026. A gold soil anomaly extends approximately 3,000 metres by 2,500 metres with gold-bearing samples ranging from 0.005 g/t to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by Slam. The company previously reported core intervals include 3,955 g/t gold over 0.1 metre from the No. 18 vein (Dec. 3, 2020), as well as 162.5 g/t gold over 0.2 metre (Dec. 13, 2021) and 56.90 g/t gold over 0.5 metre (Nov. 22, 2022) from the Maisie vein.

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 royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

Qualifying statement

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.