SLAM Announces Amendment to Terms of Private Placement

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

FOR IMMEDIATE RELEASE March 01, 2016

Miramichi, New Brunswick - SLAM Exploration Ltd. (TSXV: SXL) (the “Company”) announces that further to its proposed Private Placement announced on January 25, 2016, and February 24, 2016, the number of Units and FT Units to be issued have been amended. Under the amended terms, the Company will issue up to 4,000,000 Units and up to 8,000,000 FT Units. All other terms of the Private Placement remain unchanged with both Units and FT Units priced at $0.05. For additional information, call Mike Taylor 506-623-8960.

About SLAM Exploration Ltd.

SLAM  is  a  project-­‐generating  resource  company  with  a  portfolio  of  gold  and  base  metal  projects in   eastern   Canada.     The   Company   has   been   granted   a   permit   to   bulk   sample   for   gold   at Menneval.    The  Menneval  gold  project  resulted  from  discovery  of  the  Maisie  gold  deposit  by SLAM’s  advance  scouting  team  in  2012.        Other  gold  projects  include  the  Reserve  Creek  and Miminiska  gold  projects  in  Ontario.    SLAM  also  owns  a  base  metal  portfolio  that  includes  the Superjack  and  Nash  Creek  zinc-­‐lead-­‐silver  deposits.    Additional  information  about  SLAM  and  its projects  is  available  at  www.slamexploration.com.

Certain information in this press release may constitute forward-looking information, including statements that address private placements, closing dates, future production, reserve potential, exploration and development activities and events or developments expected by the Company. Current expectations are subject to significant risks and uncertainties. Since there are a number of risk factors that could cause future results to differ materially from those described herein, actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements. Information identifying risks and uncertainties is published in SLAM corporate documents filed with the Canadian securities regulators 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 506.623.8960 Info:[email protected]