Mr. Mike Taylor reports

SLAM ANNOUNCES ELIGIBILITY FOR DEPOSITORY TRUST COMPANY (DTC) SERVICES IN THE USA

Slam Exploration Ltd.'s common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). Slam is a Canadian resource company with a large portfolio of gold and critical minerals in New Brunswick.

DTC eligibility is expected to simplify the trading of Slam shares and enhance liquidity in the United States. The company's shares recently began trading on the OTCQB Venture Market under the ticker symbol SXLXF.

DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible for electronic clearing and settlement through DTC are considered to be DTC eligible. The electronic clearing method accelerates the settlement process, speeds up the receipt of stock and cash by investors and brokers, and brings the shares into compliance with a much wider selection of brokerage firms.

"DTC eligibility is an important milestone as it expands our visibility and accessibility to the U.S. investment community," said Michael Taylor, chief executive officer. "This supports our long-term strategy as we build and advance our portfolio of critical elements and gold in the mineral-rich province of New Brunswick. The portfolio includes the Goodwin copper-nickel-cobalt project, Moose Lake antimony project and the Mine Road zinc copper silver in the Bathurst mining camp, as well as the Jake Lee and Menneval gold projects."

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 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 with up to 3.31 grams per tonne over 0.5 metre in hole GW24-01.

The company is trenching gold soil targets with gold grading up to 0.464 gram per tonne (g/t) gold to the east and north of the No. 1 gold vein discovered by Slam at Jake Lee in 2025. Slam reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver from the new vein on Jan. 14, 2026. 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 (reference: "Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada," by SLR Consulting (Canada) Ltd., dated 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 statements

Mike Taylor, PGeo, president and CEO 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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