Slam Exploration completes sampling at Jake Lee

Executive Summary

• Slam Exploration Ltd. has completed channel sampling of the No. 1 vein on its wholly owned Jake Lee project in New Brunswick, with assays pending for 11 samples.
• The No. 1 vein has previously produced high-grade gold intercepts ranging from 7.42 g/t to 94.80 g/t.
• The company was awarded $45,000 from the New Brunswick junior mining assistance program to support its 2025 exploration campaign.
• Additional mineralization was identified in trenches southwest of the No. 1 vein, including quartz-carbonate zones and chalcopyrite-bornite mineralization potentially extending the CT vein.

Key Details

• Jake Lee Project Location: Southwestern New Brunswick, Canada, located 25 kilometres southeast of the Clarence Stream gold deposit operated by Galway Metals Inc.
• No. 1 Vein Sampling:
  • Channel sampling completed on exposed bedrock in trench JT25-01.
  • 11 channel samples sawn and sent to Actlabs for analysis.
  • Previous reported grades for the No. 1 vein range from 7.42 g/t to 94.80 g/t gold (reported July 9, 2025).
  • A second discovery of quartz float grading 16.20 g/t and 3.78 g/t gold was reported 100 metres southwest of the initial discovery (Aug 28, 2025).
• Additional Discoveries:
  • Quartz veins uncovered in trenches 7,500 metres southwest of the No. 1 vein, near a previously discovered quartz-carbonate zone.
  • Both the No. 1 vein and quartz-carbonate zone occur on the north flank of a magnetic low, interpreted as a regional fault zone.
  • Angular quartz rubble with chalcopyrite-bornite mineralization found in a trench 1,600 metres southeast of the No. 1 gold vein.
  • This new trench is 200 metres north of the CT vein, representing a potential extension.
• Funding:
  • Awarded $45,000 from the New Brunswick junior mining assistance program.
  • Funds support the 2025 Jake Lee gold exploration campaign.
• Quality Assurance/Quality Control (QA/QC):
  • 11 channel samples from trench JT25-01.
  • 52 grab samples collected from trenching/prospecting on Jake Lee claims.
  • Analyzed by Actlabs in Fredericton, N.B.
  • Methods: Fire assay with atomic absorption finish (1A2), gravimetric finish (1A3) for overlimit samples, and ICP 1E3 for multiple elements.
• Company Portfolio Context:
  • Goodwin Project: 10 holes drilled in 2025 diamond drilling campaign. Significant 2024 intercepts included 64.90m at 2.19% CuEq (including 31.20m at 3.84% CuEq) and gold values up to 3.31 g/t over 0.5m.
  • Wedge Project: Received 1.2 million shares plus cash from Nine Mile Metals Inc. on Feb 28, 2025.
  • Ramsay Project: Received $60,000 cash and 180,000 shares of a private company on March 29, 2025.
  • Maisie/No. 18 Veins: Historical high-grade gold reported (e.g., 3,955 g/t over 0.1m from No. 18 vein). 900 additional samples pending to expand soil coverage.
  • Clarence Stream Deposit: Hosts 12.4M tonnes indicated resource (922,000 oz at 2.31 g/t) and 16.1M tonnes inferred resource (1,334,000 oz at 2.60 g/t).

Notable Quotes

• None explicitly quoted in the text, though Mike Taylor, PGeo, is identified as the Qualified Person approving the release.