SLAM ACQUIRES NEW GOLD-ANTIMONY PROJECT Expanding Gold and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada
TSXV: SXL
SLAM ACQUIRES NEW GOLD-ANTIMONY PROJECT
Expanding Gold and Critical Elements in the Mineral-Rich Province of New Brunswick,
Canada
For Release 7:23 EST, January 12, 2026
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company”) is
pleased to report the acquisition of the Harry Brook gold-antimony project , which hosts a high-grade
quartz float occurrence ( 1428) grading 1 ,320 grams per tonne ("g/t") gold, a bedrock occurrence ( 1433)
grading 0.965 g/t gold, and an antimony float occurrence (1216) grading 24.25% antimony.
The Harry Brook project comprises t hree gold-antimony mineral claims covering approximately 4,415
hectares. The claims were acquired by staking and located in the vicinity of the Bald Hill antimony
project operated by Antimony Resources Corp. in southern New Brunswick. The Harry Brook c laims
cover three documented mineral occurrences referenced in the New Brunswick Mineral Occurrence
Database maintained by the New Brunswick Department of Natural Resources (“DNR”) listed below and
illustrated on Figure 1:
• 1428 - Harry Brook Gold
• 1433 - Johnson Gold
• 1216 - Sheba East Antimony
Figure 1: Gradient Aeromagnetics – Gold and Antimony Occurrences
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1428 - Harry Brook Gold : This float occurrence comprises a large quartz boulder measuring
approximately 35 cm by 20 cm containing visible gold, discovered by a DNR geologist. A sample
containing visible gold returned a value of 1320 g/t gold (Reference: Johnson, S.C. 2005, MP2005-55,
Discovery of High-Grade Gold-bearing Float in Southern New Brunswick).
1433 - Johnson Gold: This occurrence yielded 0.965 g/t gold from a silicified rhyolite outcrop located
approximately 2,800 meters northwest of the Harry Brook gold occurrence. Th e discovery was made by a
DNR geologist during the 2005 summer mapping project.
1216 - Sheba East Antimony: This occurrence consists of antimony-bearing float grading 24.25%
antimony, reported in 1927 on the Kings -Queens county line , approximately two miles east of the
Johnston-Brunswick parish line.
Jake Lee Project Update
Assays are pending on 11 channel samples s awn from the No. 1 gold vein on SLAM’s wholly -owned
Jake Lee claims. The Company reported eight grab samples with assays ranging from 7.42 grams per
tonne (“g/t”) to 94.80 g/t gold from the No. 1 gold vein on July 9, 2025 . A second discovery comprised
quartz float grading 16.20 and 3.78 g/t gold respectively 100 meters southwest of the initial discovery as
reported August 28, 2025.
Assays are also pending on 52 grab samples collected from trenches dug on various targets up to 7,500
meters along strike. The 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”). SLAM’s
exploration team recently mobilized back to Jake Lee.
Historic Menneval Results
SLAM previously reported gold bearing core intervals from the Maisie vein, including 162.5 g/t gold over
0.2 m and 56.90 g/t gold over 0.5 m , in news releases dated December 13, 2021 and November 22, 2022.
The Company also reported a core interval grading 3,955 g/t (127oz) gold over 0.1m from the No. 18
vein. The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring
approximately 3,000 meters by 2,500 meters.
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 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.
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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..
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;
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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.