Slam Drills Copper Nickel Mineralization Drilling Critical Elements IN the Bathurst Mining CAMP

N bmh AQ

TSXV: SXL

SLAM DRILLS COPPER NICKEL MINERALIZATION

DRILLING CRITICAL ELEMENTS IN THE BATHURST MINING CAMP

For Immediate Release July 3rd, 2024

Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV-SXL) (“SLAM” or the

“Company”) is pleased to report preliminary results from the third hole (GW24-03) drilled on its

wholly owned Goodwin Project in the Bathurst Mining Camp (BMC) of New Brunswick . The

Goodwin Project is located 5 kilometers southwest of the Half Mile copper zinc silver deposit

owned by Trevali Mining Corporation in the BMC.

Hole GW24 -03 highlights include a 23.55 meter core interval with 15% pyrrhotite starting at

72.90 meters, a 13.65 meter interval with 15% pyrrhotite mineralization starting at 94.8 meters

and a 20.85 meter zone with 15% pyrrhotite from 113.15 meters to 134.00 meters. These

intervals combine for 58 meters of pyrrhotite mineralization, which, according to previous

workers, generally contains nickel at Goodwin. GW24-03 was drilled from a site located 900

meters southeast of hole GW24-02. DDH GW24-03 was drilled at a dip of 50 0 toward azimuth

0400 to a depth of 248 meters. The summary log reads as follows:

Interval Meters Description Mineralization

0.00 – 4.50 Casing

6.00 - 24.60 Pegmatite gabbro Pyrrhotite traces

24.60- 62.90 Gabbro, coarse grained

56.60-62.90 Mineralized gabbro 15% pyrrhotite, chalcopyrite traces

62.90-72.90 Mafic volcanic

72.90-96.45 Mineralized gabbro, coarse

grained, local pegmatite

15% pyrrhotite, chalcopyrite traces

94.80-94.85 Mineralized gabbro 20% chalcopyrite

96.45-97.80 Felsic dyke

97.80-111.45 Gabbro coarse grained 15% pyrrhotite

106.75-106.85 Mineralized gabbro 75% pyrrhotite

111.45-113.15 Mafic volcanic

113.15-114.9 Mineralized gabbro 15% pyrrhotite

114.90-115.55 Mafic volcanic 10% pyrrhotite, chalcopyrite traces

115.55- 134.00 Gabbro 15% pyrrhotite, chalcopyrite traces

134.00 169.50m Gabbro, fine grained 2-5% pyrrhotite

169.50- 219.00 Gabbro Pyrrhotite traces

219.00-248.00 Mafic volcanic Pyrrhotite traces and films

248.00 End of Hole

2

The core has been delivered to a secure facility in Bathurst New Brunswick for detailed logging

and sampling.

Goodwin Project Highlights: The Company sawed 35 meters of mineralized core from hole

GW24-01 and bagged 38 samples. The sawn core samples were delivered to ALS Chemex Inc.

in Moncton New Brunswick for copper, nickel, silver, cobalt , bismuth, platinum, palladium and

gold analyses as well as other elements using ALS multi-element package ME -ICP41 and

method PGM-ICP23. Samples that run over 1% copper and/or 1% nickel will be analyzed using

an over-limit method ME-OG46.

3

Logging and sampling are in progress on diamond drill hole GW24- 02 and GW24- 03. Holes

GW24-01 and GW24 -02 tested the Granges zone where p revious workers cored a 5.7 meter

interval grading 1.79% copper plus 1.51% nickel in diamond drill hole GR87- 55. The core

length in meters may not equal the true width of this interval . HoleGW24-03 located 900 meters

southeast of hole GW24-02 was drilled to test for pyrrhotite and associated nickel mineralization

in the Farquharson zone which was discovered by Noranda in a 1960 drilling program . Upon

completion of GW24-03, the drill was de-mobilized.

The Goodwin Project consists of 8 original claims plus 5 recently optioned claims that combine

for 159 units that cover 3,474 hectares of prospective mineral ground. The project is underlain by

the Goodwin Lake gabbro, a 6,500 meter long body of intrusive rocks hosting the 3 copper

nickel occurrences referenced above. Permits are in place for a trenching and drilling program to

test for copper nickel mineralization as well as gold and platinum group metals. The Goodwin

project is accessible by logging roads from the Fraser Burchill road off Route 430 which

connects to the city of Miramichi 90 kilometers to the southeast.

QA-QC Procedures : The results described above are from news releases and reports that

predate NI43-101 regulations. The numbers can only be validated by additional drilling but the

4

Company deems these results to be useful to plan additional drilling. The core descriptions and

the summary log for hole GW24-03 are based on visual observations of the core.

About SLAM Exploration Ltd: SLAM Exploration Ltd. a public resource company with a

large portfolio of mineral claim holdings built around its wholly owned Menneval gold project in

the mineral -rich province of New Brunswick. SLAM has discovered multiple gold veins at

Menneval and 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 (news releases December 13, 2021 and November 22, 2022).

The Company reported quartz float grading up to 39.2 g/t gold on its Jake Lee project in the

vicinity of the Clarence Stream gold deposit where Galway Metals Inc. is working on a 2.3 M

ounce gold deposit in southern New Brunswick.

The Company holds the Goodwin copper nickel project and the Mine Road VMS copper zinc

silver project in the mineral rich Bathurst Mining Camp of New Brunswick. Previous workers

discovered 3 copper nickel occurrences at Goodwin. Mineralized core intercepts were drilled

including 1.79% copper plus 1.51% nickel over 5.7 meters in diamond drill hole GR89-55 on the

Goodwin project.

Successful diamond drill holes by previous workers include IL2014- 003 with a 9- meter core

interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad

zone at Mine Road. ( Doe Run Canadian Exploration ULC ; 2015, New Brunswick Assessment

Files, Report of Work 477877), The Railroad zone is 7,000 m east of the 20 M tonne former

producing Heath Steele B Zone.

The Company is a project generator and has received significant cash and share payments over

the last 6 months as follows; $150,000 cash and 50,000 shares from S2 Minerals Inc. (STWO) on

December 19, 2023 pursuant to the Reserve Creek gold agreement; 534,000 shares and 333,000

warrants (exercisable at $0.01) issued by Nine Mile Metals Inc. (NINE) on March 01, 2024

pursuant to the Wedge project agreement and $25,000 cash plus 2,500,000 shares of Lode Gold

Resources Inc. (LOD) pursuant to the Ramsay gold agreement. The Company holds NSR

royalties and expects additional cash and share payments on the Wedge copper zinc project and

on the Ramsay, Reserve Creek and Opikeigen gold projects.

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.

Certain information in this press release may constitute forward -looking information, including statements

regarding mineral resources and the Company’s plans with respect to the exploration and development of its

properties. This information is based on current expectations that are subject to significant risks and uncertainties

that are difficult to predict. Actual results might differ materially from results suggested in any forward -looking

statements. The Company assumes no obligation to update the forward- looking statements, or to update the reasons

5

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.sedarplus.ca. 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+: 00012459