SLAM VENDS RESERVE CREEK AND OPIKEIGEN GOLD C LAIMS SLAM To Receive Cash, Shares and Retain Royalty
TSXV: SXL
SLAM VENDS RESERVE CREEK AND OPIKEIGEN GOLD C LAIMS
SLAM To Receive Cash, Shares and Retain Royalty
For Immediate Release, March 31, 2022
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (“SLAM” or the “ Company” on TSXV: SXL ) is
pleased to announce it recently signed a sale agreement (the “ Agreement”) to vend its Reserve Creek
and Opikeigen gold claims (the “Claims”) to a private Ontario exploration group. The Reserve Creek and
Opikeigen projects comprise 9 claims located within the traditional territories of the Eabametoong First
Nation at Fort Hope, Ontario.
In return for a 100% interest in the Claims, SLAM has received a $50,000 downpayment and will receive
the following cash payments:
(a) $100,000 within 12 months of the Agreement;
(b) $150,000 within 24 months of the Agreement.
(c) $200,000 within 36 months of the Agreement.
(d) $500,000 within 48 months of the Agreement.
SLAM is to receive the following payments in shares issued by the Ontario exploration group once it
goes public on a stock exchange:
(e) 100,000 shares within 12 months of the Agreement;
(f) 100,000 shares within 24 months of the Agreement.
(g) 100,000 shares within 36 months of the Agreement.
(a) 100,000 shares within 48 months of the Agreement
SLAM retains a 2% net smelter return (“NSR”) royalty on any saleable production from the Claims. Fifty
percent of the royalty equal to 1% NSR may be purchased at any time by the Ontario exploration group
for $1,000,000.
The Menneval Project: The Company is planning further work to follow up on core intervals ranging up
to 56.5 g/t gold over 0.51 m drilled on vein No. 18 at its flagship Menneval gold project in New
Brunswick. SLAM drilled 20 holes and tested a swarm of new gold veins at Menneval in 2021. Th e
Menneval 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. For additional
information and maps visit Menneval Gold Project or call Mike Taylor 506-623-8960.
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About SLAM Exploration Ltd:
SLAM is a project -generating resource company holding NSR royalties on the Reserve Creek and
Opikeigen claims as well as the Ferguson Brook, Superjack, Nash Creek, Portage, Goodwin, Lower 44 and
A’Hearn properties in the Bathurst Mining Camp of New Brunswick. The current focus is on gold, and on
its flagship Menneval gold project. SLAM recently staked the Benjamin River gold-REE properties both
located in the same geological domain as recent gold discoveries by Puma and Strata bound at Williams
Brook and McIntyre Brook . SLAM recently stake the Mt. Blair gold -silver property in the vicinity of
Galway’s Clarence stream gold deposit in southern New Brunswick where SLAM also owns the Jake Lee,
Mount Victor and Little Mount Pleasant gold properties . The Company owns the Gold Brook, Birch Lake
gold and Wilson Brook gold properties in central New Brunswick as well as the Keezhik, Miminiska and
Rich Lake south gold projects in Ontario. The Company owns a p ortfolio of base metal properties in the
Bathurst Mining Camp (“BMC”) that is subject to an option agreement.
The Company has generated cash from the sale mineral properties and from securities received from
other companies pursuant to mineral property option agreements. The Company has sufficient funds for
the work currently in progress. 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 Exploration Ltd., a qualified
person as defined by National In strument 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 dif fer 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. Informat ion 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