Mr. Mike Taylor reports

SLAM TRENCHING NEW GOLD TARGETS NEAR THE NO. 1 GOLD VEIN DISCOVERY AT JAKE LEE

Slam Exploration Ltd. is mobilizing the advance scout team and an excavator to launch the 2026 exploration campaign by testing targets along strike from the No. 1 vein, where Slam reported high-grade assays up to 40.5 grams per tonne gold and 63.3 g/t silver from channel samples 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.

Targets include gold soil anomalies ranging up to 0.466 g/t gold reported March 2, 2026, as well as airborne conductors and aeromagnetic anomalies trending northeast of the No. 1 gold vein, where Slam reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver over 0.40 metre as announced Jan. 14, 2026. The company expects to follow with a drilling program to test beneath selected targets, including the No. 1 gold vein.

The Jake Lee claims are located 25 kilometres southeast of the Clarence Stream gold deposit. 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").

Quality assurance/quality control procedures: The assay results discussed above were previously reported by the company in news releases as specified. Reference is also made to airborne surveys by previous workers as documented in NBDNRE assessment reports.

About Slam Exploration Ltd.

Slam 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 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 copper equivalent (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 dated 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.

Slam 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 gram per tonne 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 that include 3,955 g/t gold over 0.1 m from the No. 18 vein (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.

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 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, is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

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