Mr. Mike Taylor reports

SLAM USING NEW VTEM SURVEY TO GENERATE COPPER NICKEL COBALT TARGETS ON THE GOODWIN PROJECT

Slam Exploration Ltd. is using the new VTEM survey over the Goodwin copper-nickel-cobalt project to generate targets and to plan the 2026 diamond drilling program. Mobilization for the 7,000-metre drilling program is in progress. From a total of 432 anomalies, the company has constructed plate models for 24 conductors that range in depth from 30 metres to 320 metres. All of these models are potential extensions to the known zones of mineralization and could represent potential ovoid-type deposits with higher-grade mineralization at depth. The Goodwin copper-nickel-cobalt project covers 14,000 hectares (35,000 acres) in the mineral-rich Bathurst mining camp of New Brunswick, Canada.

The 7,000-metre drilling program will test for potential extensions far below and beyond the three known zones of copper-nickel-cobalt mineralization. The company has drilled 25 holes on the Logan, Granges and Farquharson zones. Significant copper, nickel and cobalt intercepts 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 metre in hole GW24-01.

A total of 432 anomalies were identified by the VTEM survey.

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 of New Brunswick. The company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. These 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 copper equivalent, including 1.32 per cent copper, 1.11 per cent nickel and 0.09 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 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 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 m 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 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 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 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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