SLAM ACQUIRES MORE GOLD CLAIM S SLAM Closes Agreement to Acquire 3 Gold Claims
TSXV: SXL
SLAM ACQUIRES MORE GOLD CLAIM S
SLAM Closes Agreement to Acquire 3 Gold Claims
For Immediate Release, April 8, 2022
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is
pleased to announce that further to the news release dated March 28, 2022, it has closed the previously
announced purchase agreement (the “ Agreement”) to acquire 3 mineral claims in the vicinity of the
Williams Brook gold project where Puma Exploration Inc. has recently reported new gold discoveries.
As consideration for the 3 minerals claims , the Company has issued 200,000 common shares at a
deemed value of $0.05 per share. The Agreement is subject to a 2% net smelter return (“ NSR”) royalty
on any saleable production from the claims . Fifty percent of the NSR royalty (i.e.,1%) may be purchased
by SLAM for $1,000,000. SLAM retains a right of first refusal on the remaining 1% NSR royalty.
All securities issued in connection with the Agreement are subject to a hold period that expires on
August 9, 2022, in accordance with Canadian securities laws.
The Menneval Project: The Company expects to complete additional work to test a swarm of new gold
veins discovered in its 2020-21 drilling program on its flagship Menneval Gold project . SLAM drilled 20
holes in 2021 and intersected core intervals ranging up to 56.5 g/t gold over 0.51 m. Th e property is
comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick.
The Company holds a 100% interest i n these claims with the exception of 4 claim units covering 105
hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and
it has the right of first refusal on the remaining 1% NSR. For additional information and maps visit
Menneval Gold Project or call Mike Taylor 506-623-8960.
About SLAM Exploration Ltd:
SLAM is a project -generating resource company holding NSR royalties on the Ramsay, Ferguson Brook,
Superjack, Nash Creek, Portage, Goodwin, Lower 44 and A’Hearn properties in the Bathurst Mining
Camp of New Brunswick as well as the Reserve Creek and Opikeigen claims in northwestern Ontario. The
Company owns a spread of 3469 claim units covering 76,322 hectares in the mineral- rich province of
New Brunswick. These include SLAM’s flagship Menneval gold project but are prospective for gold as
well as base metals, silver and cobalt. SLAM recently staked the Benjamin River gold-REE properties both
located in the same geological domain as recent gold discoveries by Puma and Stratabound at Williams
Brook and McIntyre Brook. SLAM recently stake the Mt. Blair gold -silver property in the vicinity of
Galway’s Clarence stream gold deposit in southern New Brunswick where SLAM also owns the Jake Lee,
Mount Victor and Little Mount Pleasant gold properties. The Company owns the Gold Brook, Birch Lake
gold and Wilson Brook gold properties in central New Brunswick as well as the Keezhik, Miminiska and
2
Rich Lake south gold projects in Ontario. The Company owns a portfolio of bas e metal properties
covering 14,600 hectares in the Bathurst Mining Camp (“BMC”) subject to an option agreement with
Major Precious Metals Corp. (SIZE on NEO Exchange).
The Company has generated cash from the sale mineral properties and from securities re ceived from
other companies pursuant to mineral property option agreements. The Company has sufficient funds for
the work currently in progress. Additional information about SLAM and its projects is available at
www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified
person as defined by National Instrument 43 -101, approves the technical information contained in this
news release.
Certain information in this press release may constitute forward- looking information, including statements
that address the Private Placement, the closing of the Private Placement, future production, reserve
potential, exploration and development activities and events or developments that the Company expects.
This information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materiall y from results suggested in any forward-
looking statements. The Company assumes no obligation to update the forward- looking statements, or to
update the reasons why actual results could differ from those reflected in the forward looking- statements
unless and until required by securities laws applicable to the Company. There are a number of risk factors
that could cause future results to differ materially from those described herein. Information identifying
risks and uncertainties is contained in the Company's filings with the Canadian securities regulators,
which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this
release.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960 [email protected]
Eugene Beukman, CFO
Contact: 604-687-2038 [email protected] SEDAR: 00012459E