SLAM Completes Goodwin Drill Program Highlighted by New Discovery 2,000 Meters Northwest of Logan Zone and 1.53% Cu-Eq Over 14.45 Meters; New Slam President Hosting Exhibit at the 2026 New Orleans Investment Conference (NOIC)

SLAM Exploration Ltd. (SXL) has released a recap of drill results from its 2026 Goodwin Cu-Ni-Co program, aggregating selected composited Cu-Eq 95% results for holes GW26-26 to GW26-43. The company noted that some of these results were included in previous news releases and are presented here together for completeness. The program scope included 19 NQ holes totaling 3,350 core-metres, drilled between June and October 5, 2026. All 17 completed holes hit sulphide, while GW26-35A and GW26-35B were abandoned at 20 m and 44 m, respectively.

Assays have been received for 857 of 1,070 core samples. The remaining 213 samples are pending from holes GW26-37 through GW26-43, leaving seven holes partly or wholly unreported.

Headline intercepts as reported, all core length with no true width or cutoff stated, include:

• GW26-33: 14.45 m @ 1.54% Cu-Eq 95% (Cu 0.663%, Ni 0.717%, Co 0.059%) from 33.15 m to 47.6 m; incl. 1.90 m @ 3.35% and 4.90 m @ 2.52%.
• GW26-29: 41.30 m @ 0.76% Cu-Eq (Cu 0.246%, Ni 0.312%, Co 0.081%) from 18.7 m to 60 m; incl. 29.85 m @ 0.96% and 22.80 m @ 1.05%; and 2.10 m @ 1.05% from 57.9 m to 60 m.
• GW26-36 (the "new discovery," ~2,000 m NW of Logan): 43.10 m @ 0.44% Cu-Eq (Cu 0.136%, Ni 0.203%, Co 0.041%) from 125.9 m to 169 m; incl. 2.10 m @ 0.94%, 7.70 m @ 0.76%, 12.00 m @ 0.51%.
• GW26-32: three zones — 48.00 m @ 0.32% (146-194 m), 10.00 m @ 0.38% (240-250 m), 26.00 m @ 0.24% (284-310 m).
• GW26-27: 37.50 m @ 0.41% (37-74.5 m); incl. 16.90 m @ 0.50% — but the highlights text states "28.5 continuous core-meters grading 0.46%," which does not match the table.
• GW26-30: 72.00 m @ 0.19% (119-191 m); incl. 9.50 m @ 0.31%.

Weak or barren results included GW26-26 and GW26-34, which returned best values of 0.407% and 0.493% Cu-Eq over 0.5 m. GW26-37 returned a best value of 0.524% over 0.5 m, and GW26-38 returned 0.326% over 1.3 m. GW26-28 and GW26-31 returned "disseminated pyrrhotite with narrow, lower-grade values."

In corporate news, new President/CEO Jimmy Gravel will exhibit at the New Orleans Investment Conference from October 28-31. Chairman Mike Taylor will present at EMP Fredericton.

SLAM Exploration Ltd. (SXL) released assay results for drill holes GW26-27, GW26-30, and GW26-32, which had previously been visual-only, along with updated composites restated at current price decks. The new assay data includes 0.41% over 37.5 m, 0.32% over 48 m, and 0.19% over 72 m. Headline intervals for GW26-33, GW26-29, and GW26-36 were previously disclosed in releases dated August 14, September 16, and October 23.

The company’s Logan-Granges cluster demonstrates a broad, low-grade envelope extending at least to 310 m downhole, with a low-grade halo identified 2 km to the northwest. The property’s expectation anchor remains GW24-02, which returned 64.90 m @ 2.19% CuEq, including 31.20 m @ 3.84% CuEq, published on August 7, 2024. This is reinforced by GW25-19, which returned 74.80 m @ 0.96% in December 2025.

Shares have declined from C$0.12–0.13 in late October 2025 to C$0.06, sitting at the 52-week low. Copper and cobalt prices in the company’s deck remain at elevated levels, suggesting the price fade reflects dilution rather than commodity weakness. The share count increased from 132.7 million at January 31, 2026, to 159.2 million at July 31, 2026, a 20% increase over six months. The company also carries a C$26.16 million accumulated deficit.

Financially, SLAM held C$1,333,844 in cash at July 31, 2026, against current liabilities of C$559,908, resulting in working capital of C$1.19 million. Exploration expenditure totaled C$1,064,636 over the six-month period, with SG&A at C$318,078. This provides approximately two to three quarters of runway at the current run-rate, funded by a March 2026 placement of 23.0 million units at C$0.09, accompanied by half- and full warrants at C$0.13, plus 2.7 million warrants at C$0.05 extended to April/May 2027. Advertising expenses in the MD&A rose to C$82,016 from C$3,994.

SLAM Exploration Ltd. (TSXV: SXL; OTCQB: SXLXF) is a Miramichi, New Brunswick-based project generator with a stated 40,000-hectare claim portfolio. The company’s flagship asset is the Goodwin Cu-Ni-Co property in the Bathurst Mining Camp, which it wholly owns and expanded to roughly 12,500 hectares via the Mount Raymond option. This option includes 175 hectares for $82,500 cash, 675,000 shares, a $200,000 work commitment over three years, and a 2% NSR with a 1% buyback at US$1M. The Goodwin property features 25 historic holes, a 10-hole 2025 program, and a 19-hole 2026 program. There is no resource, metallurgical work, or technical report for the property.

At the Jake Lee gold project, a new No. 1 vein was discovered in 2025. Channel samples returned grades to 40.5 g/t Au and 63.3 g/t Ag over 0.40 m. The company plans five 2026 holes totaling 544 m in quartz veining with visible sulphides, with assays pending at the last update. The property is located 25 km southeast of Galway's Clarence Stream. The Menneval gold project covers 5,275 hectares and features a ~3,000 x 2,500 m soil gold anomaly to 0.683 g/t Au. Historical high-grade intervals include 3,955 g/t Au over 0.1 m at the No. 18 vein.

SLAM Exploration optioned the Moose Lake gold-antimony project on March 30, 2026. The property covers 3,567-3,895 hectares for $80,000 cash and 600,000 shares over three years, plus a 2% NSR with a 1% buyback. Trench samples returned grades to 3.73% Sb and 1.965 g/t Au. Two 2026 holes totaling 224.5 m were drilled with visible stibnite, and assays are pending. The Harry Brook gold-antimony project covers 4,415 hectares and has historical float samples of 1,320 g/t Au and 24.25% Sb. The Mine Road Cu-Zn property covers 11,876 hectares with historical intervals of 9 m @ 14.51% Zn, 5.86% Pb, 139.9 g/t Ag, and 0.67% Cu at the Railroad zone. The company also holds the Love Lake and Rogers Lake gold projects.

The royalty portfolio includes NSRs on Wedge (Nine Mile Metals, Cu-Zn), Ramsay (gold), Reserve Creek and Opikeigen (S2 Minerals, gold), Ferguson (Puma Exploration, gold), and Nash Creek/Superjack (Callinex, Cu-Zn, fully vested). In 2025, the company received 1.2 million Nine Mile shares plus cash, and C$60,000 plus 180,000 private-company shares from Ramsay. All projects are in the exploration stage, with no production, revenue, or resource.

Prior-period context not disclosed in today's release shows 159,203,780 shares outstanding at July 31, 2026. The book value per share is C$0.03, with cash of C$1,333,844. Working capital is C$1,194,836, calculated as current assets of C$1,754,744 less current liabilities of C$559,908. The accumulated deficit is C$26.16M, and there is a going-concern qualification in the MD&A.