SLAM COMPLETES GOLD DIAMOND DRILLING PROGRAM Multiple Gold Veins Drilled . Visible Gold R eported.

TSXV: SXL

SLAM COMPLETES GOLD DIAMOND DRILLING PROGRAM

Multiple Gold Veins Drilled . Visible Gold R eported.

For Immediate Release, October 13, 2021

Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is

pleased to announce it has completed a diamond drilling program at its wholly-owned Menneval gold

project located in the mineral- rich province of New Brunswick , Canada. A total of 21 holes were drilled

for a total program of 1222 m. The first 10 holes were reported September 19, 2021. Since then, SLAM

has drilled an additional 503 m in 11 holes numbered BG21-19 to BG21-28.

A total of 10 holes BG21 -09-BG21-12 and holes BG21- 23 to BG21- 28 were drilled to test vein No . 18

where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m

thick from trench samples as reported b y the Company on December 03, 2020 . Hole BG21-19 tested

part of the vein swarm associated with the No. 22 vein. Holes BG21-20 to BG21-22 tested the No. 2 vein.

All 10 of the holes on vein No. 18 intersected quartz veins with visible gold noted in 3 holes.

Logging and sampling are in progress. To date 231 samples sawn from holes BG21 -09 to BG21-17 have

been submitted to the lab. Core logging and sampling continues on holes BG21 -18 to BB21 -28. For

additional information and maps visit Menneval Gold Project or call Mike Taylor 506-623-8960.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project , the Company intends to

focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The

expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in

northwestern New Brunswick. The Company holds a 100% interest in 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.

About SLAM Exploration Ltd:

SLAM is a project -generating resource company focused on is its flagship Menneval Gold project where

the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and

geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of

the Puma Exploration Ltd. gold discovery at Williams Brook on the Millstream Break. SLAM also expects

to conduct preliminary programs o n the Jake Lee, Mount Victor and other gold properties on the flanks

of the Sawyer Brook and Wheaton Bay faults in the vicinity of Galway’s Clarence stream gold deposit .

SLAM owns the Reserve Creek , Opikeigen and Miminiska gold projects in Ontario and the Mount

Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the

Bathurst Mining Camp (“BMC”) that is subject to an option agreement . SLAM holds NSR royalties on the

Superjack, Nash Creek and Coulee zinc-lead-copper-silver properties in the BMC.

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The Company has generated cash from the sale of securities received from mineral property option

agreements with other companies and has sufficient funds for the work currently in progress. The

Company has applied for funding assistance up to $100,000 unde r the New Brunswick Junior Mining

Assistance Program in support of a proposed 2021 drilling program. 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.

$20,000 NBJMAP Grant: The Menneval drilling program was supported in part by a grant of $20,000

under the New Brunswick Junior Mining Assistance Program (“NBJMAP”). The Company wishes to thank

the Province for this recognition of the Menneval project and its importance to the emerging gold

industry in New Brunswick.

QA‐QC Procedures: Core was picked up at the core at the drill site and delivered to a secure facility for

logging by SLAM’s professional team . Selected core was marked for sampling and for sawing. The

company inserted blank s and standards into the sample series. A total of 231 samples have been

delivered to the ALS Geochemistry lab in Moncton New Brunswick for analysis. SLAM requested gold

analysis using ALS analytical code Au-AA23.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified

person as defined by National Inst rument 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