Slam Announces $1,000,000 Private Placement
TSXV: SXL
SLAM ANNOUNCES $1,000,000
PRIVATE PLACEMENT
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
For Release, September 8, 2025
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “Company ”)
announces a non-brokered private place ment (the “Offering”) of up to 2,500,000 units (the “Units”) at a
price of $0.40 per Unit for gross proceeds of up to $1,000,000.
Each Unit will consist of:
• four (4) flow-through common shares (the “FT Shares”);
• one (1) non-flow-through common share (the “NFT Share”); and
• two and one-half (2.5) transferable non-flow-through common share purchase warrants (with two
half-warrants comprising one whole warrant, each a “Warrant”).
Each whole Warrant will entitle the holder to acquire one additional common share of the Company at a
price of $0.12 for a period of 24 months following issuance. The Company may accelerate the expiry of
the Warrants if, at any time prior to their expiry, the volume -weighted average trading price of the
common shares on the TSX Venture Exchange (the “TSXV”) is at least $0.20 for 30 consecutive trading
days. In that event, the Warrants will expire 20 days after the Company issues a press release announcing
the acceleration.
The gross proceeds from the sale of the FT Shares will be used to incur Canadian Exploration Expenses
(“CEE”) on the Company’s New Brunswick properties. These expenditures are expected to qualify as
“flow-through critical mineral mining expenditures” under the Income Tax Act (Canada) and to be
renounced to subscribers with an effective date no later than December 31, 2025 (or such other date as
permitted by law). Subscribers are expected to be entitled to claim the 30% Critical Mineral Exploration
Tax Credit in respect of such expenditures.
The proceeds from the NFT Shares and any Warrants exercised will be used for general corporate
purposes, including working capital and corporate development activities.
The Offering is subject to the acceptance of the TSXV and all other required regulatory approvals. All
securities issued under the Offering will be subject to a statutory hold period of four months and one day
from the closing date. Finder’s fees may be payable in connection with the Offering.
Insiders of the Company may participate in the Offering. Any such participation would constitute a
“related party transaction” under Multilateral Instrument 61 -101 – Protection of Minority Security
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Holders in Special Transactions (“MI 61-101”). The Company expects that any insider participation will
be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the
fair market value of the securities subscribed for will not exceed 25% of the Company’s market
capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933 , as amended (the “U.S. Securities Act”), or any state securities laws, and may not
be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities
Act and applicable state securities laws or pursuant to an available exemption.
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. The
Company reported significant copper, nickel and cobalt intercepts from 15 diamond drill holes in 2024 on
the Goodwin copper nickel cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick.
These include a 64.9 0 meter core interval grading 0.73% copper , 0.64% nickel and 0.05 % cobalt
including 1.11% copper, 0.95% nickel and 0.07% cobalt over a 39.40 meter core interval as reported in a
news release August 7, 2024. Induced Polarization (“IP”) results for 3 lines over the Granges, Logan and
Farquharson copper-nickel-cobalt zones show potential for depth extensions as reported July 18, August 7
and August 21, 2025 in News R eleases by t he Company. Slam has mobilized a linecutting crew in
preparation for additional Induced Polarization (“IP”) surveys and has negotiated a contract for a 4,000
meter diamond drilling program expected to begin immediately at Goodwin.
The Company launched its 2025 exploration program with two new gold discoveries on its wholly-owned
Jake Lee claims. Slam reported eight grab samples with assays ranging from 7.42 grams per tonne (“g/t”)
to 94.80 g/t gold in the initial discovery on July 9, 2025. A second discovery comprised grab samples
grading 16.20 and 3.78 g/t gold respectively in Trench JT25-0 5 located 100 meters south of the initial
discovery as reported August 28, 2025. The C ompany has mobilized its prospecting team and an
excavator to expand trench JT25-05 and test the extent of the new gold discovery.
SLAM drilled 2 holes and cut multiple gold -bearing veins on its wholly owned Menneval gold project in
2024. The Company previously reported gold bearing core intervals including 162.5 g/t gold over 0.2 m
and 56.90 g/t gold over 0.5 m in news releases on December 13, 2021 and November 22, 2022. The
Company is currently collecting 1,000 additional samples to expand the soil coverage and further define
the target on this extensive vein system.
The Company is a project generator and expects to receive significant cash and share payments in 2025.
SLAM received $9,000 cash and 1,200,000 shares from Nine Mile Metals Inc. (NINE) on February 28,
2025 pursuant to the Wedge project agreement. On March 29, 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.
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.
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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” 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: the completion of the Offering, the
proposed use of proceeds, the expected tax treatment of the FT Shares, the timing of renunciation of CEE, and the
acceptance of the Offering by the TSX Venture Exchange. Forward -looking statements are based on reasonable
assumptions made by the Company at the date of this release, but 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.
Such risks and uncertainties include, without limitation: that the Offering may not be completed on the terms
announced or at all; that the TSX Venture Exchange may not approve the Offering; that the proceeds may not be
used as disclosed; the availability of financing on acceptable terms; general economic, market and business
conditions; uninsured risks; regulatory changes; delays or inability to obtain required approvals; and other risk
factors described in the Company’s most recently filed Management’s Discussion and Analysis and in other filings
with Canadian securities regulators.
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.