SLAM ACQUIRES NEW COPPER NICKEL CLAIM ADJACENT TO GOODWIN Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada
TSXV: SXL
SLAM ACQUIRES NEW COPPER NICKEL CLAIM
ADJACENT TO GOODWIN
Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada
For Release 7:23 EST, March 11, 2026
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is
pleased to announce it has entered into an arm’s length option agreement with Great Atlantic Resources
Corp. (the “ Optionor”) dated February 18, 2026 (the “ Agreement”), to acquire a 100% int erest in one
(1) mineral claim known as the Mount Raymond Property (the “Property”) located in the Province of
New Brunswick. The claim comprises 8 units covering 175 hectares of prospective mineral land.
The Mount Raymond claim covers a cobalt -copper-nickel mineral occurrence (New Brunswick
Department of Natural Resources and Energy Development, Mineral Occurrence Database, Reference
No. 1529).
A 2011 diamond drill hole by previous workers at Mount Raymond was reported to intersect semi -
massive to massive sulph ide mineralization comprised of pyrrhotite with chalcopyrite veinlets within
gabbro ( New Brunswick Assessment Report 477287). Th e best reported assays were 0.43% copper,
0.12% nickel and 0.11% cobalt over a core length of 1.65 meters. Other reported samples assayed 0.18%
cobalt over 1.0 meter and 0.12% vanadium respectively. A qualified person has not verified this
mineralization for SLAM Exploration Ltd.
To acquire a 100% interest in and to the Property, SLAM must, over a period of three (3) years: (i) pay
the Optionor an aggregate of CAD $82,500; (ii) issue to the Optionor a total of 675,000 common shares
(the “Shares”); and (iii) incur a minimum of $200,000 in qualifying expenditures, all in accordance with
the following schedule:
Due Date Common Share
Payments
Cash Payment Expenditure
Requirement
Within 5 days receipt of
approval from the TSX Venture
Exchange
100,000 $7,500 -
On or before 1st anniversary of
signing the Agreement
125,000 $15,000 -
On or before 2nd anniversary of
signing the Agreement
150,000 $25,000 -
On or before 3rd anniversary of 300,000 $35,000 $200,000 (cumulative
2
signing the Agreement over the term)
Total 675,000 $82,500 $200,000
Upon SLAM earning 100% interest, the Optionor will retain a 2% net smelter return (“NSR”) royalty on
the Property (the “Production Royalty”). SLAM shall have the right to buy back one-half of the Royalty
equal to 1.0% NSR for one million dollars ($1,000,000) 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 (4) months and one (1) day from
issuance in accordance with Canadian securities laws. No finders’ fees were paid on this Agreement.
Goodwin VTEM Survey: The Company also reports that Geotech has completed the 850 km VTEM
survey over the Goodwin copper-nickel cobalt project. The Company has received preliminary maps such
as the VTEM profile map shown below on Figure 1. VTEM conductors are associated with the Granges,
Logan and Farquharson zones where the Company has drilled 25 holes that include a 64.90 meter core
interval, grading 2.19% Cu- Eq (copper-nickel-cobalt), including 3.84% Cu- Eq over a 31.20 meter core
interval from hole GW24 -02 as reported in a news release August 7, 2024. Significant gold values were
also reported from the Granges zone with up to 3.31 grams per tonne over 0.5m in hole GW24-01.
3
Figure 1 Goodwin Copper Nickel Cobalt Project VTEM Profiles – Grid A
About SLAM Exploration Ltd: SLAM Exploration Ltd. 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 meter core interval,
grading 2.19% Cu- Eq (copper -nickel-cobalt), including 3.84% Cu- Eq over a 31.20 meter core interval
from hole GW24- 02 as reported in a news release August 7, 2024 . Significant gold values were also
reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.
The Company discovered a new gold vein at Jake Lee in 2025 and recently reported up to 40.5 g/t gold
and 63.30 g/t silver from channel samples cut from the vein. A 200 meter by 400 meter soil anomaly with
gold grading up to 0.98 g/t gold lies adjacent to the east and north of the new gold vein. T he Jake Lee
claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc.
Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold
plus an inferred resource of 16.1m 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 January 7,
2026. A gold soil anomaly extends approximately 3,000 meters by 2,500 meters with gold- bearing
samples ranging from 0.005 grams per tonne (“g/t”) to 0.683 g/t gold. The results indicate potential
4
extensions to a swarm of quartz veins previously discovered by SLAM. The Company previously
reported core intervals include 3,955 g/t gold over 0.1m from the No. 18 vein ( December 03, 2020 ), as
well as 162.5 g/t gold over 0.2 m ( December 13, 2021 ) and 56.90 g/t gold over 0.5 m ( November 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 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) 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.
To view SLAM’s corporate presentation , click SXL -Presentation. Additional information is available
on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold. Join our
company newsletter by clicking SXL-News to receive timely company updates and press releases relating
to SLAM Exploration.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a
qualified person as defined by National Instrument 43- 101, and has approved the contents of this news
release.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960
Jimmy Gravel, Vice-President
Contact 902-273-2387
SEDAR+: 00012459
Forward-Looking Statements
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of
applicable Canadian securities laws. Forward- looking statements are not historical facts but instead represent
management’s expectations, estimates and projections regarding future events or circumstances. Forward- looking
statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,”
“intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” or “will,” and similar
expressions.
Forward-looking statements in this news release include, but are not limited to: statements regarding the
exploration potential of the Harry Brook gold– antimony project; the significance of historical gold and antimony
occurrences; the interpretation of geological, geochemical, and geophysical data; the identification and
prioritization of exploration targets; the anticipated receipt and significance of pending assay results from the Jake
Lee Project; the continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of
future exploration programs; the Company’s ability to advance its mineral projects; and the potential for future
exploration success..
5
Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news
release, including, without limitation: that historical exploration results, mineral occurrences, and publicly reported
third-party mineral resources are relevant for regional and exploration context; that geological interpretations and
targeting models are reasonable; that pending assay results will be received within anticipated timeframes; that
planned exploration activities can be executed as expected; that contractors, equipment, personnel, and supplies
will be available on acceptable terms; that commodity prices and market conditions will remain generally
supportive; and that required permits, approvals, and access rights will be obtained in a timely manner.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause
actual results, performance, or achievements to differ materially from those expressed or implied by such
statements. These risks and uncertainties include, without limitation: the speculative nature of mineral exploration;
the risk that exploration results, including pending assay results, may not confirm historical data or current
interpretations; uncertainty regarding the continuity, grade, and extent of mineralization; delays or changes to
exploration programs; availability and cost of labour, equipment, and contractors; fluctuations in commodity
prices; availability of financing on acceptable terms; regulatory, environmental, and permitting risks; operating
hazards; and general economic, market, and business conditions. Additional risk factors are described in the
Company’s most recently filed Management’s Discussion and Analysis and other continuous disclosure documents
available under the Company’s profile on SEDAR+.
Readers are cautioned not to place undue reliance on forward- looking statements. The Company does not undertake
to update or revise any forward- looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.