Slam samples up to 40.5 g/t Au, 63.3 g/t Ag at Jake Lee

Executive Summary

• Slam Exploration Ltd. reported high-grade channel sample assays from the No. 1 vein on its wholly owned Jake Lee project in New Brunswick, Canada, with gold grades reaching up to 40.5 g/t and silver up to 63.3 g/t.
• The company highlighted previous high-grade grab samples from the same vein (up to 94.80 g/t Au) and a secondary quartz float discovery, noting the project's proximity to Galway Metals' Clarence Stream deposit.
• The release also provided an update on the Goodwin copper-nickel-cobalt project, referencing significant 2024 drill intercepts and the company's status as a project generator expecting cash and share payments in 2026.

Key Details

• Jake Lee Project - No. 1 Vein Channel Samples:
  • Three channels were cut across the No. 1 vein and into the wall rock.
  • Vein Assays:
    • Channel 1: 31.3 g/t Au
    • Channel 2: 12.3 g/t Au
    • Channel 3: 40.5 g/t Au
  • Silver Assays (associated with vein channels):
    • 63.30 g/t Ag
    • 23.2 g/t Ag
    • 25.1 g/t Ag
  • Wall Rock Assays: Eight samples from wall rock on both sides of the vein contained gold ranging from 0.118 g/t to 0.898 g/t Au.
  • QA/QC: Samples were analyzed by Actlabs in Fredericton, N.B., using fire assay with atomic absorption finish (1A2) and gravimetric finish (1A3) for overlimit samples, plus ICP 1E3 for multiple elements.
• Historical Jake Lee Context:
  • Previous grab samples from the No. 1 vein (reported July 9, 2025) ranged from 7.42 g/t to 94.80 g/t Au.
  • A second discovery of quartz float grading 16.20 g/t and 3.78 g/t Au was reported 100 metres southwest of the initial discovery (Aug. 28, 2025).
  • The Jake Lee claims are located 25 km southeast of the Clarence Stream gold deposit (operated by Galway Metals Inc.), which hosts a 12.4-million-tonne indicated resource of 922,000 oz at 2.31 g/t Au and an inferred resource of 16.1 million tonnes at 1,334,000 oz at 2.60 g/t Au.
• Historic Menneval Results:
  • Previously reported gold-bearing core intervals from the Maisie vein, including 162.5 g/t Au over 0.2 m and 56.90 g/t Au over 0.5 m.
  • A core interval grading 3,955 g/t (127 oz) Au over 0.1 m from the No. 18 vein.
  • Menneval soil geochemical survey shows gold anomalies over an area of approximately 3,000 m by 2,500 m.
• Goodwin Project Update:
  • The company holds a 40,000-hectare portfolio in New Brunswick, centered on the Goodwin copper-nickel-cobalt project.
  • 10 drill holes were completed in the 2025 campaign.
  • Significant 2024 intercepts included a 64.90-metre interval grading 2.19% CuEq (including 3.84% CuEq over 31.20 m) from hole GW24-02.
  • Significant gold values were reported with up to 3.31 g/t Au over 0.5 m in hole GW24-01.
• Corporate/Financial Context:
  • Slam is a project generator expecting significant cash and share payments in 2026.
  • Received 1.2 million shares plus cash from Nine Mile Metals Inc. in 2025 (Wedge project agreement).
  • Received $60,000 cash and 180,000 shares of a private company in 2025 (Ramsay gold agreement).
  • 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."