Slam Exploration samples up to 0.466 g/t Au at Jake Lee

Executive Summary

• Slam Exploration Ltd. reported soil sample results up to 0.466 g/t Au from 766 samples collected on a 50x25m grid around the No. 1 gold vein at its Jake Lee property.
• Channel sampling across the No. 1 vein returned high-grade intercepts, including up to 40.5 g/t Au and 63.30 g/t Ag over 0.40 metres.
• The company received $45,000 under the New Brunswick Junior Mining Assistance Program (NBJMAP) for work completed in 2025-2026, with a final 6% payment pending report filing.

Key Details

• Soil Sampling Results: 766 soil samples collected on a 50- by 25-metre grid around the No. 1 gold vein.
• Highest Soil Grade: 0.466 g/t gold.
• Anomalous Area: A 200-metre-by-400-metre area east of the JL No. 1 vein, potentially related to an airborne conductor.
• Channel Sampling Results (No. 1 Vein):
  • Eleven samples, each 0.40 metres in length, cut across the vein and into wall rock.
  • Vein Assays: 31.3 g/t Au, 12.3 g/t Au, and 40.5 g/t Au.
  • Wall Rock/Silver Assays: 63.30 g/t Ag, 23.2 g/t Ag, and 25.1 g/t Ag.
• QA/QC Procedures:
  • Channels JLCS2 and JLCS3 spaced 3 and 4 metres east of JLCS1.
  • Samples analyzed by Actlabs in Fredericton, N.B.
  • Methods: 1A2 (fire assay with atomic absorption finish) and 1A3 (gravimetric finish) for gold; ICP 1E3 for multiple elements.
• NBJMAP Funding:
  • Total award: $45,000 from the New Brunswick Department of Natural Resources & Energy.
  • Initial payment: 40% received in 2025.
  • Final payment: 6% expected upon filing of the NBJMAP report.
• Regional Context: Jake Lee claims are located 25 km southeast of Galway Metals' Clarence Stream deposit (12.4M tonne indicated resource at 2.31 g/t Au; 16.1M tonne inferred resource at 2.60 g/t Au).
• Company Portfolio Update:
  • Goodwin project: 10 drill holes completed in 2025 campaign.
  • Prior significant intercepts (2024): 64.90m at 0.73% Cu, 0.64% Ni, 0.05% Co (2.19% CuEq); 31.20m at 1.11% Cu, 0.95% Ni, 0.07% Co (3.84% CuEq).
  • Revenue/Assets: Received 1.2M shares + cash from Nine Mile Metals (Wedge project) and $60,000 + 180,000 shares from Ramsay gold agreement in 2025. Holds NSR royalties on Wedge and Ramsay projects.

Notable Quotes

• "Mike Taylor, PGeo, president and chief executive officer of Slam Exploration, is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release."