Slam Exploration extends strike length at Goodwin

Executive Summary

• Slam Exploration Ltd. extended the strike length of the Farquharson copper-nickel-cobalt zone to 300 meters at its Goodwin project through new drilling results.
• Hole GF25-24 intersected a significant 51.20-meter interval of mineralized gabbro with pyrrhotite and chalcopyrite, located 100 meters east of previous hole GF25-21.
• The company is preparing for its 2026 drilling campaign by requesting quotes for airborne and down-hole electromagnetic surveys and has shifted exploration focus to the Jake Lee gold project for additional trenching.

Key Details

• Drilling Results (Hole GF25-24):
  • Intersected a 51.20-meter interval of mineralized gabbro with pyrrhotite and chalcopyrite.
  • Interval depth: 222.30 to 273.50 meters.
  • Location: Deep beneath a MegaTEM conductor, 100 meters east of hole GF25-21.
  • Status: Assays are pending on 128 samples from this hole.
• Strategic Update:
  • The Farquharson copper-nickel-cobalt zone strike length has been extended to 300 meters.
  • The company has requested quotes from geophysics contractors for airborne and down-hole electromagnetic surveys to prepare for the 2026 drilling campaign at Goodwin.
  • The exploration team has moved to the Jake Lee gold project in Southern New Brunswick to complete additional trenching near a new gold discovery.
• QA/QC Procedures:
  • Core collected in trays, delivered to a secure logging facility in Bathurst, N.B.
  • Samples sawn using a diamond blade; half-core samples numbered, bagged, tagged, and delivered to Activation Laboratories Ltd. (Actlabs) in Fredericton.
  • Analysis method: UT7 multielement analysis; overlimit samples (>1%) reanalyzed using method 8-AR.
  • Blanks and samples included in the series.
• Contextual Historical Data (Goodwin Project):
  • Previous 2024 drilling included a 64.90-meter core interval grading 2.19% CuEq, including 3.84% CuEq over 31.20 meters from hole GW24-02.
  • Significant gold values reported up to 3.31 g/t over 0.5 m in hole GW24-01.
• Jake Lee Project Context:
  • Located 25 km southeast of Galway Metals Inc.'s Clarence Stream gold deposit.
  • Slam launched its 2025 exploration program with two new gold discoveries on wholly owned Jake Lee claims.
  • Initial discovery reported eight grab samples ranging from 7.42 g/t to 94.80 g/t gold (July 9, 2025).
  • Second discovery comprised quartz float grading 16.20 g/t and 3.78 g/t gold (August 28, 2025).
  • Historical high-grade intervals include 162.5 g/t Au over 0.2 m and 56.90 g/t Au over 0.5 m from the Maisie vein.
  • Assays are pending on 900 additional samples to expand soil coverage and define targets on the extensive vein system.
• Financial/Corporate Updates:
  • Slam expects significant cash and share payments in 2025 from NSR royalties.
  • Received 1.2 million shares plus cash from Nine Mile Metals Inc. on Feb. 28, 2025 (Wedge project agreement).
  • Received $60,000 cash and 180,000 shares of a private company on March 29, 2025 (Ramsay gold agreement).

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.