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SXL.V ·

Slam Provides Corporate Update

Corporate Updates

TSXV: SXL

SLAM PROVIDES CORPORATE UPDATE

For Immediate Release, December 07, 2020

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

announces that after 12 years on the board of directors of the Company, Mr. Edward Yates has retired

effective immediately. On behalf of the C ompany, the board wishes to thank Ted for his longstanding

commitment to SLAM and wishes him well with his future endeavors.

The Company will look to appoint an independent director to fill the vacant board seat in due course.

About SLAM Exploration Ltd:

SLAM is a project -generating resource company with a portfolio of precious metal and base metal

properties in New Brunswick and Ontario. The Company owns the Menneval Gold project and the Lewis

Brook silver project in northern New Brunswick , as well as 5 gold projects located in the vicinity of

Clarence Stream where Galway Gold Inc. has reported successful gold drilling results in southern New

Brunswick. SLAM also owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario . The

Company owns a portfolio of base metal properties in th e Bathurst Mining Camp (“BMC”) that is subject

to an option agreement . SLAM also holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐

lead‐copper‐silver properties in the BMC. 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.

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

person as defined by National Instrument 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 add ress 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 Service s Provider (as

that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this

release.

CONTACT INFORMATION:

2

Mike Taylor, President & CEO

Contact: 506-623-8960 [email protected]

Eugene Beukman, CFO

Contact: 604-687-2038 [email protected] SEDAR: 00012459E