Slam Acquires Three New Antimony Showings in Bathurst Mining Camp

• Acquisition: SLAM entered an arm’s‑length option agreement to acquire 100 % of the Moose Lake antimony project (3,567 ha) in New Brunswick for CAD $80,000 cash plus up to 600,000 common shares issued over three years.
• Royalty structure: The sellers retain a 2 % NSR royalty; SLAM may repurchase 1 % of that royalty for US $1 M at any time and holds a right‑of‑first‑refusal on the remaining 1 %.
• Project details: Three historic antimony‑gold showings – Skull (up to 4.32 % Sb, 0.894 g/t Au), Moose Lake (1.67 % Sb, 0.16 g/t Au) and Stewart (0.57 % Sb).
• Warrant extension: Expands expiry of 2.7 M share‑purchase warrants from April/May 2026 to April/May 2027; exercise price unchanged at $0.05 per share.
• Regulatory conditions: Share issuances subject to TSX‑V approval and a statutory hold period (four months + one day). No finders’ fees were paid.

• Strategic diversification: Adds a high‑grade antimony asset, complementing SLAM’s copper‑nickel‑cobalt and gold projects and broadening exposure to critical minerals used in batteries and flame retardants.
• Financial commitment modest: CAD $80k cash is negligible relative to the company’s cash balance (≈ C$0.9 M as of latest interim statements). Share dilution (up to 600 k shares) represents < 0.5 % of the current issued share base, limiting shareholder impact.
• Royalty upside: Retaining a 2 % NSR provides ongoing cash flow if the project advances; the option to buy back 1 % for US $1 M caps future royalty expense and signals confidence in project economics.
• Warrant extension: Delays potential dilution from warrant exercise, preserving current share structure for at least another year.
• Market perception: The acquisition was not previously disclosed; the market will likely view it as a positive catalyst, especially given antimony’s rising demand for EV‑related applications. Hence the rating of Material – Positive.

SLAM Exploration Ltd. is a TSX‑V listed explorer focused on critical minerals in New Brunswick, Canada. Flagship assets include: - Goodwin Cu‑Ni‑Co project (Bathurst Mining Camp) – multiple high‑grade copper‑nickel‑cobalt intercepts.
- Jake Lee gold project – recent high‑grade vein and quartz float discoveries.
- Menneval gold project – historic high‑grade veins.

The newly added Moose Lake antimony project becomes the third pillar, targeting antimony‑gold mineralization.