Author: SLAM Exploration Ltd.

  • SLAM Raises $2,072,750 From Oversubscribed Private Placement

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

    MIRAMICHI, NB / ACCESS Newswire / March 12, 2026 / SLAM Exploration Ltd. (TSXV:SXL) (“SLAM” or the “Company“) is pleased to report that it has closed the non-brokered private placement previously announced on February 18, 2026, upsized on February 20, 2026 (the “Offering”) and a final upsize on closing to 23,030,553 units (the “Units”) issued at a price of $0.09 per Unit for gross proceeds of up to $2,072,750.

    The Offering consisted of:

    • 18,141,664 flow-through CMETC units of the Company (each, a “FT CMETC Unit”) issued at a price of $0.09 per FT CMETC Unit. Each FT CMETC Unit is intended to be issued on the basis that the Company will incur and renounce Canadian exploration expenses that are expected to qualify as flow-through mining expenditures that are critical mineral exploration expense eligible for purposes of the Critical Mineral Exploration Tax Credit under the Income Tax Act (Canada);

    • 3,000,000 flow-through units of the Company (each, a “FT Unit”) issued at a price of $0.09 per FT Unit. Each FT Unit is intended to be issued in respect of Canadian exploration expenses expected to qualify as ‘Canadian exploration expense’ under the Income Tax Act (Canada); and

    • 1,888,889 non-flow-through units of the Company (each, a “NFT Unit”) issued at a price of $0.09 per NFT Unit.

    Each FT CMETC Unit and FT Unit is comprised of:

    • One (1) flow-through common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”); and

    • One-half (1/2) of one common share purchase warrant, with two (2) such half-warrants being exercisable together as one (1) whole common share purchase warrant (each whole warrant being, a “Warrant”).

    Each NFT Unit is comprised of:

    • One (1) common share of the Company (each, a “Common Share”); and

    • One (1) Warrant.

    Each whole Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.13 per Common Share for a period of two (2) years following the closing date of the Offering, subject to acceleration in certain events.

    The gross proceeds received by the Company from the issuance of the FT CMETC Units will be used to incur eligible “Canadian exploration expenses” (“CEE”) that are expected to qualify as flow-through critical mineral mining expenditures (as defined in the Income Tax Act (Canada)) and are intended to be spent on the Company’s Goodwin project. Such expenditures are expected to qualify as “critical mineral exploration expense” for purposes of the 30% Critical Mineral Exploration Tax Credit available under applicable law to eligible subscribers.

    The gross proceeds received by the Company from the issuance of the FT Units will be used to incur eligible CEE on the Company’s gold projects and are not expected to qualify as flow-through critical mineral mining expenditures or for the Critical Mineral Exploration Tax Credit.

    The Company will renounce qualifying CEE to subscribers of FT CMETC Units and FT Units with an effective date no later than December 31, 2026 (or such other date as may be permitted under applicable tax legislation).

    The proceeds received by the Company from the issuance of the NFT Units, and any proceeds received on the exercise of Warrants, will be used for general working capital purposes, corporate development activities, and other business objectives as determined by management.

    The Offering is subject to the final approval of the TSX Venture Exchange (the “TSXV”) and all other required regulatory approvals. All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the closing date expiring on July 12, 2026 in accordance with Canadian securities laws.

    The Company has issued 420,000 finder warrants (the “Finder Warrants”) and paid $37,800 in cash in connection with the Offering. Each whole Finder Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.13 per Common Share for a period of two (2) years following the closing date of the Offering, subject to acceleration in certain events.

    Proceeds received from the FT Units will be used to fund exploration on SLAM’s gold, zinc, copper and nickel projects in New Brunswick, Canada.

    Insider Participation: One Company insider participated in the Offering, paying $199,999.87 for 2,222,222 FT CMETC Units. The participation by such insider is a “related-party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an available exemption.

    About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    The Company discovered a new gold vein at Jake Lee in 2025 and recently reported up to 40.5 g/t gold and 63.30 g/t silver from channel samples cut from the vein. A 200 meter by 400 meter soil anomaly with gold grading up to 0.98 g/t gold lies adjacent to the east and north of the new gold vein. The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022”).

    The Company reported an expansion of the soil coverage on the Menneval gold project on January 7, 2026. A gold soil anomaly extends approximately 3,000 meters by 2,500 meters with gold-bearing samples ranging from 0.005 grams per tonne (“g/t”) to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by SLAM. The Company previously reported core intervals include 3,955 g/t gold over 0.1m from the No. 18 vein (December 03, 2020), as well as 162.5 g/t gold over 0.2 m (December 13, 2021) and 56.90 g/t gold over 0.5 m (November 22, 2022) from the Maisie vein.

    The Company is a project generator and expects to receive significant cash and share payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

    To view SLAM’s corporate presentation, click SXL-Presentation. Additional information is available on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold.Join our company newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM Exploration.

    Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

    CONTACT INFORMATION:

    Mike Taylor, President & CEO
    Contact: 506-623-8960
    mike@slamexploration.com

    Jimmy Gravel, Vice-President
    Contact 902-273-2387
    jimmy@slamexploration.com

    SEDAR+: 00012459

    Forward-Looking Statements

    This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” “will,” or similar expressions.

    Forward-looking statements in this news release include, but are not limited to: the completion and timing of the Offering; the anticipated gross proceeds; the intended use of proceeds; the incurrence and renunciation of Canadian exploration expenses; the qualification of such expenses as “Canadian exploration expense,” flow-through critical mineral mining expenditures, or “critical mineral exploration expense” for purposes of the Critical Mineral Exploration Tax Credit; the timing of renunciation of CEE; and the acceptance of the Offering by the TSXV.

    Forward-looking statements are based on assumptions believed by management to be reasonable at the time such statements are made. However, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, without limitation: the risk that the Offering may not be completed on the terms announced or at all; that regulatory approval may not be obtained; that the Company may not incur qualifying expenditures in the anticipated timeframe or in the amounts expected; that such expenditures may not qualify as Canadian exploration expense, flow-through critical mineral mining expenditures, or for the Critical Mineral Exploration Tax Credit; changes in tax laws or their interpretation; market conditions; financing risks; and other risk factors described in the Company’s public disclosure filings available on SEDAR+.

    Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: SLAM Exploration Ltd.

    View the original press release on ACCESS Newswire

  • SLAM Acquires New Copper Nickel Cobalt Showing Adjacent to Goodwin

    Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada

    MIRAMICHI, NB / ACCESS Newswire / March 11, 2026 / SLAM Exploration Ltd. (TSXV:SXL) (“SLAM” or the “Company“) is pleased to announce it has acquired a copper-nickel-cobalt showing in a diamond drill hole adjacent to our Goodwin Project through an option agreement signed February 18, 2026. This showing occurs on a 175 hectare claim known as the Mount Raymond property. Acquisition of this claim expands the Goodwin project to cover 12,500 hectares of copper, nickel and cobalt potential within a 25 kilometer belt of mineralized gabbros and volcano-sedimentary rocks. The road-accessible Goodwin project is located in the mineral-rich Bathurst Mining camp of New Brunswick, Canada.

    The Mount Raymond claim covers a cobalt-copper-nickel occurrence grading up to 0.43% copper, 0.12% nickel and 0.11% cobalt associated with semi-massive to massive sulphide mineralization comprised of pyrrhotite with chalcopyrite over a core length of 1.65 meters in a 2011 drill hole by previous workers. Other reported samples in the hole assayed 0.18% cobalt and 0.12% vanadium each over 1.0 meter respectively. (New Brunswick Department of Natural Resources and Energy Development, Mineral Occurrence Database, Reference No. 1529 and New Brunswick Assessment Report 477287).

    To acquire the claim, the Company entered into an arm’s length option agreement with Great Atlantic Resources Corp. (the “Optionor“) on February 18, 2026 (the “Agreement“), to acquire a 100% interest in one mineral claim known as the Mount Raymond Property (the “Property“) located in the Province of New Brunswick. To acquire a 100% interest in and to the Property, SLAM must, over a period of three (3) years: (i) pay the Optionor an aggregate of CAD $82,500; (ii) issue to the Optionor a total of 675,000 common shares (the “Shares“); and (iii) incur a minimum of $200,000 in qualifying expenditures, all in accordance with the following schedule:

    Due Date

    Common Share Payments

    Cash Payment

    Expenditure Requirement

    Within 5 days receipt of approval from the TSX Venture Exchange

    100,000

    $7,500

    On or before 1st anniversary of signing the Agreement

    125,000

    $15,000

    On or before 2nd anniversary of signing the Agreement

    150,000

    $25,000

    On or before 3rd anniversary of signing the Agreement

    300,000

    $35,000

    $200,000 (cumulative over the term)

    Total

    675,000

    $82,500

    $200,000

    Upon SLAM earning 100% interest, the Optionor will retain a 2% net smelter return (“NSR“) royalty on the Property. SLAM shall have the right to buy back one-half of the Royalty equal to 1.0% NSR for one million dollars ($1,000,000) at any time and the right of first refusal on the remaining NSR before the commencement of production.

    The Agreement and proposed share issuances remain subject to approval by the TSX Venture Exchange. All security issuances will be subject to a statutory hold period of four (4) months and one (1) day from issuance in accordance with Canadian securities laws. No finders’ fees were paid on this Agreement.

    Goodwin VTEM Survey: The Company also reports that Geotech has completed the 850 km VTEM survey over the Goodwin copper-nickel cobalt project. The Company has received preliminary maps such as the VTEM profile map shown below on Figure 1. VTEM conductors are associated with the Granges, Logan and Farquharson zones where the Company has drilled 25 holes that include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported from the Granges zone with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    Figure 1 Goodwin Copper Nickel Cobalt Project VTEM Profiles – Grid A

    About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    The Company discovered a new gold vein at Jake Lee in 2025 and recently reported up to 40.5 g/t gold and 63.30 g/t silver from channel samples cut from the vein. A 200 meter by 400 meter soil anomaly with gold grading up to 0.98 g/t gold lies adjacent to the east and north of the new gold vein. The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022”).

    The Company reported an expansion of the soil coverage on the Menneval gold project on January 7, 2026. A gold soil anomaly extends approximately 3,000 meters by 2,500 meters with gold-bearing samples ranging from 0.005 grams per tonne (“g/t”) to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by SLAM. The Company previously reported core intervals include 3,955 g/t gold over 0.1m from the No. 18 vein (December 03, 2020), as well as 162.5 g/t gold over 0.2 m (December 13, 2021) and 56.90 g/t gold over 0.5 m (November 22, 2022) from the Maisie vein.

    The Company is a project generator and expects to receive significant cash and share payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

    To view SLAM’s corporate presentation, click SXL-Presentation. Additional information is available on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold. Join our company newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM Exploration.

    Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

    CONTACT INFORMATION:

    Mike Taylor, President & CEO
    Contact: 506-623-8960
    mike@slamexploration.com

    Jimmy Gravel, Vice-President
    Contact 902-273-2387
    jimmy@slamexploration.com

    SEDAR+: 00012459

    Forward-Looking Statements

    This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” or “will,” and similar expressions.

    Forward-looking statements in this news release include, but are not limited to: statements regarding the exploration potential of the Harry Brook gold-antimony project; the significance of historical gold and antimony occurrences; the interpretation of geological, geochemical, and geophysical data; the identification and prioritization of exploration targets; the anticipated receipt and significance of pending assay results from the Jake Lee Project; the continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of future exploration programs; the Company’s ability to advance its mineral projects; and the potential for future exploration success..

    Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news release, including, without limitation: that historical exploration results, mineral occurrences, and publicly reported third-party mineral resources are relevant for regional and exploration context; that geological interpretations and targeting models are reasonable; that pending assay results will be received within anticipated timeframes; that planned exploration activities can be executed as expected; that contractors, equipment, personnel, and supplies will be available on acceptable terms; that commodity prices and market conditions will remain generally supportive; and that required permits, approvals, and access rights will be obtained in a timely manner.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation: the speculative nature of mineral exploration; the risk that exploration results, including pending assay results, may not confirm historical data or current interpretations; uncertainty regarding the continuity, grade, and extent of mineralization; delays or changes to exploration programs; availability and cost of labour, equipment, and contractors; fluctuations in commodity prices; availability of financing on acceptable terms; regulatory, environmental, and permitting risks; operating hazards; and general economic, market, and business conditions. Additional risk factors are described in the Company’s most recently filed Management’s Discussion and Analysis and other continuous disclosure documents available under the Company’s profile on SEDAR+.

    Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: SLAM Exploration Ltd.

    View the original press release on ACCESS Newswire

  • SLAM Reports Soil Samples up to 0.466 g/t Gold at Jake Lee

    Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada

    MIRAMICHI, NB / ACCESS Newswire / March 2, 2026 / SLAM Exploration Ltd. (TSXV:SXL) (“SLAM” or the “Company“) is pleased to announce gold assays up to 0.466 g/t gold from 766 soil samples collected on a detailed grid around its recent gold discovery at Jake Lee. The samples were collected on a 50 by 25 meter grid in the area around the recently discovered No. 1 gold vein. SLAM recently reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver over 0.40 meters.

    Figure 1 is a thematic view of the soil results and gold occurrences superimposed on a resistivity and airborne conductor map derived from an airborne survey flown by previous workers. Anomalous gold soil areas include the 200 meter by 400 meter area east of the JL No. 1 vein that appears to be related to an airborne conductor.

    Figure 1 Jake Lee No.1 Vein – Soils Gold g/t – Airborne Resistivity – DIGHEM Conductors

    The Company has plotted the results of channel samples cut across the No. 1 vein. Eleven samples each 0.40 meters in length were cut in 3 channels that cross the vein and extend into the wall rock on both sides. Assays of the vein are 31.3 g/t gold, 12.3 g/t gold and 40.5 g/t gold plotted on the right side of the channel along with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver plotted on the left side of each channel as shown on Figure 2.

    Figure 2: The No. 1 Vein, Geology, Channel Samples

    The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022”). SLAM’s exploration team recently mobilized back to Jake Lee.

    QA-QC Procedures: After cleaning and washing, 3 channels were sawn across the No. 1 vein and into the wallrock. Channel JLCS2 and channel JLCS3 were spaced 3 and 4 meters respectively meters east of channel JLCS1. Eleven channel samples were collected and delivered directly to Actlabs in Fredericton, New Brunswick for analysis. In addition, 750 soil samples were collected and submitted. Actlabs analyzed all the samples for gold using procedure 1A2 (fire assay with atomic absorption finish) and 1A3 (gravimetric finish) for over-limit samples. Actlabs also used the ICP 1E3 method to analyze all the samples for multiple elements.

    NBJMAP Program: The Company wishes to thank the Province and the New Brunswick Department of Natural Resources & Energy for the award of $45,000 under the New Brunswick Junior Mining Assistance Program in support of the work program completed at Jake Lee in 2025-26. An initial payment of 40% was received in 2025 and the final payment of 6% is expected once the NBJMAP report is filed.

    About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading 0.73% copper, 0.64% nickel and 0.05% cobalt for 2.19% Cu-Eq (copper-nickel-cobalt), including 1.11% copper, 0.95% nickel, 0 0.07% cobalt for 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    The Company is a project generator and expects to receive significant cash and share payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

    To view SLAM’s corporate presentation, click SXL-Presentation. Additional information is available on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold.Join our company newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM Exploration.

    Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

    CONTACT INFORMATION:

    Mike Taylor, President & CEO
    Contact: 506-623-8960
    mike@slamexploration.com

    Jimmy Gravel, Vice-President
    Contact 902-273-2387
    jimmy@slamexploration.com

    SEDAR+: 00012459

    Forward-Looking Statements

    This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” or “will,” and similar expressions.

    Forward-looking statements in this news release include, but are not limited to: statements regarding the exploration potential of the Harry Brook gold-antimony project; the significance of historical gold and antimony occurrences; the interpretation of geological, geochemical, and geophysical data; the identification and prioritization of exploration targets; the anticipated receipt and significance of pending assay results from the Jake Lee Project; the continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of future exploration programs; the Company’s ability to advance its mineral projects; and the potential for future exploration success..

    Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news release, including, without limitation: that historical exploration results, mineral occurrences, and publicly reported third-party mineral resources are relevant for regional and exploration context; that geological interpretations and targeting models are reasonable; that pending assay results will be received within anticipated timeframes; that planned exploration activities can be executed as expected; that contractors, equipment, personnel, and supplies will be available on acceptable terms; that commodity prices and market conditions will remain generally supportive; and that required permits, approvals, and access rights will be obtained in a timely manner.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation: the speculative nature of mineral exploration; the risk that exploration results, including pending assay results, may not confirm historical data or current interpretations; uncertainty regarding the continuity, grade, and extent of mineralization; delays or changes to exploration programs; availability and cost of labour, equipment, and contractors; fluctuations in commodity prices; availability of financing on acceptable terms; regulatory, environmental, and permitting risks; operating hazards; and general economic, market, and business conditions. Additional risk factors are described in the Company’s most recently filed Management’s Discussion and Analysis and other continuous disclosure documents available under the Company’s profile on SEDAR+.

    Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: SLAM Exploration Ltd.

    View the original press release on ACCESS Newswire

  • SLAM Launches Airborne VTEM Survey – Geotech Flying Over Goodwin Copper Nickel Cobalt Project

    SLAM Launches Airborne VTEM Survey – Geotech Flying Over Goodwin Copper Nickel Cobalt Project

    Expanding Gold and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada

    MIRAMICHI, NB / ACCESS Newswire / January 23, 2026 / SLAM Exploration Ltd. (TSXV:SXL) (“SLAM” or the “Company“) is pleased to report that it has commenced a VTEM™-Plus airborne electromagnetic survey over the Goodwin copper-nickel-cobalt project in the mineral rich province of New Brunswick. The Company expects the VTEM survey to help identify potential ovoid-type copper-nickel-cobalt deposits associated with deep-seated magmatic chambers, as well as potential extensions of the Farqharson, Granges, Logan and Bruce copper-nickel-cobalt zones. The Company has selected Geotech Ltd, a global leader in airborne geophysical technology, to complete an 852 kilometer survey at an estimated cost of $275,000.

    THE VTEM Survey is a follow-up to Slam’s 25 hole diamond drilling campaign completed in 2024 and 2025. The proposed survey outline is shown in Figure 1:

    Figure 1: Proposed Goodwin VTEM Survey Area

    Final assays have been received from the 2025 drilling campaign, following the 2024 campaign results previously reported. Highlights from the 2024 program included 15 holes, with results including a 64.90 meter core interval grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% copper equivalent (“Cu-Eq”) over 31.20 meters in hole GW24-02, as reported in a news release dated August 7, 2024. Significant gold values were also reported, including up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    The 2025 results are summarized in the following table:

    Hole

    ID

    From m

    To

    m

    Length

    m

    Copper

    %

    Nickel

    %

    Cobalt

    %

    Recovered*

    Cu-Eq%

    GW2516

    10.63

    11.15

    0.52

    1.90

    1.36

    0.12

    4.30

    GW2516

    72.00

    73.00

    1.00

    1.44

    0.30

    0.02

    2.04

    GW2516

    77.50

    80.68

    3.18

    0.39

    0.81

    0.05

    1.70

    GW2516

    69.50

    80.68

    11.18

    0.45

    0.36

    0.03

    1.16

    GW2516

    124.50

    129.00

    4.50

    0.97

    0.96

    0.07

    2.65

    GW2517

    98.00

    146.00

    48.00

    0.44

    0.37

    0.04

    2.52

    GW2517

    160.40

    165.50

    5.10

    0.51

    0.17

    0.02

    1.15

    GW2518

    46.75

    62.50

    15.75

    0.56

    0.10

    0.01

    1.01

    GW2518

    103.90

    117.40

    13.50

    0.50

    0.11

    0.01

    0.73

    GW2519

    76.10

    150.90

    74.80

    0.37

    0.38

    0.05

    0.67

    GW2520

    85.70

    160.60

    74.90

    0.35

    0.24

    0.03

    0.63

    GW2521

    55.50

    101.50

    46.00

    0.30

    0.23

    0.03

    1.08

    GW2522

    199.90

    200.30

    0.40

    0.35

    0.07

    0.01

    1.14

    GW2523

    62.00

    67.00

    5.00

    0.48

    0.51

    0.05

    1.00

    GW2524

    173.40

    267.50

    94.10

    0.21

    0.23

    0.02

    0.61

    GW2525

    184.25

    186.35

    2.10

    0.18

    0.25

    0.03

    0.56

    *The recovered Cu-Eq grades are based upon data from Daily Metal Price and are based upon an assumed recovery rate of 90%.

    The Company completed 10 holes for a total of 2944 meters of diamond drilling in 2025. The coordinates and other collar data are summarized in the following table.

    Hole_ID

    E_UTM

    N_UTM

    Elev

    Az

    Dip

    Core Size

    Length_m

    GW2415

    697230

    5239320

    407

    60

    -50

    NQ

    341

    GW2516

    697208

    5238922

    447

    115

    -70

    NQ

    308

    GW2517

    698053

    5238576

    490

    45

    -70

    NQ

    452

    GW2518

    698036

    5238616

    483

    42

    -70

    NQ

    170

    GW2519

    698094

    5238571

    501

    44

    -65

    NQ

    191

    GW2520

    698125

    5238543

    495

    44

    -65

    NQ

    188

    GW2521

    698171

    5238542

    495

    44

    -65

    NQ

    152

    GW2522

    698011

    5238503

    517

    43

    -65

    NQ

    455

    GW2523

    698333

    5238556

    503

    220

    -50

    NQ

    104

    GW2524

    698364

    5238591

    507

    220

    -50

    NQ

    314

    GW2525

    698396

    5238563

    508

    220

    -50

    NQ

    269

    QA-QC Procedures: Core was collected from the drill in trays and delivered to a secure logging facility in Bathurst, New Brunswick. After logging, samples were sawn using a diamond blade. Sawn half-core samples were numbered, collected in bags, tagged and delivered to Activation Laboratories Ltd. (“Actlabs”) in Fredericton. Actlabs completed multi-element analysis using assay method UT7. Samples returning over-limit results (greater than 1%) for the UT7 are re-analyzed using method 8-AR. Blanks and standards are included in each sample series.

    Options Granted:
    SLAM’s board of directors has approved the grant of incentive stock options (“Options”) to directors, officers, employees and consultants to acquire a total of 3,100,000 common shares in the capital of the Company at an exercise price of $0.08. The Options were granted pursuant to the Company’s 10% rolling stock option plan (the “Plan”) and are subject to the terms of the Plan and the requirements of the TSX Venture Exchange. The Options are exercisable for a three-year term and expire on January 23, 2029.

    Jake Lee Project Update
    Assays are pending on 700 soil samples collected from the vicinity of the No. 1 gold vein on SLAM’s wholly-owned Jake Lee claims. Three channel samples from the No. 1 vein assayed 31.3 g/t gold, 12.3 g/t gold and 40.5 g/t gold along with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver respectively as reported by news release January 14, 2026.

    The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022”).

    Historic Menneval Results
    SLAM previously reported gold bearing core intervals from the Maisie vein, including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m, in news releases dated December 13, 2021 and November 22, 2022. The Company also reported a core interval grading 3,955 g/t (127oz) gold over 0.1m from the No. 18 vein. The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring approximately 3,000 meters by 2,500 meters.

    About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    The Company is a project generator and expects to receive significant cash and share payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

    To view SLAM’s corporate presentation, click SXL-Presentation. Additional information is available on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold.Join our company newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM Exploration.

    Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

    CONTACT INFORMATION:
    Mike Taylor, President & CEO
    Contact: 506-623-8960
    mike@slamexploration.com

    Jimmy Gravel, Vice-President
    Contact 902-273-2387
    jimmy@slamexploration.com

    SEDAR+: 00012459

    Forward-Looking Statements
    This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” or “will,” and similar expressions.

    Forward-looking statements in this news release include, but are not limited to: statements regarding the exploration potential of the Harry Brook gold-antimony project; the significance of historical gold and antimony occurrences; the interpretation of geological, geochemical, and geophysical data; the identification and prioritization of exploration targets; the anticipated receipt and significance of pending assay results from the Jake Lee Project; the continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of future exploration programs; the Company’s ability to advance its mineral projects; and the potential for future exploration success.

    Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news release, including, without limitation: that historical exploration results, mineral occurrences, and publicly reported third-party mineral resources are relevant for regional and exploration context; that geological interpretations and targeting models are reasonable; that pending assay results will be received within anticipated timeframes; that planned exploration activities can be executed as expected; that contractors, equipment, personnel, and supplies will be available on acceptable terms; that commodity prices and market conditions will remain generally supportive; and that required permits, approvals, and access rights will be obtained in a timely manner.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation: the speculative nature of mineral exploration; the risk that exploration results, including pending assay results, may not confirm historical data or current interpretations; uncertainty regarding the continuity, grade, and extent of mineralization; delays or changes to exploration programs; availability and cost of labour, equipment, and contractors; fluctuations in commodity prices; availability of financing on acceptable terms; regulatory, environmental, and permitting risks; operating hazards; and general economic, market, and business conditions. Additional risk factors are described in the Company’s most recently filed Management’s Discussion and Analysis and other continuous disclosure documents available under the Company’s profile on SEDAR+.

    Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: SLAM Exploration Ltd.

    View the original press release on ACCESS Newswire

  • SLAM Cuts High Grade Gold & Silver in Channel Samples

    SLAM Cuts High Grade Gold & Silver in Channel Samples

    Gold, Silver and Critical Elements in the Mineral-Rich Province of New Brunswick, Canada

    MIRAMICHI, NB / ACCESS Newswire / January 14, 2026 / SLAM Exploration Ltd. (TSXV:SXL) (“SLAM” or the “Company“)is pleased to report new high grade assays up to 40.5 grams per tonne (“g/t”) gold and 63.3 g/t silver from channel samples sawn across the No. 1 vein on its wholly owned Jake Lee claims. The Jake Lee project is located 25 kilometers southeast of the Clarence Stream gold deposit operated by Galway Metals Inc. in New Brunswick, Canada.

    Three channels were cut across the No. 1 vein and extended into the wall rock on both sides of the vein. The three channel samples cut across the vein assayed 31.3 g/t gold, 12.3 g/t gold and 40.5 g/t gold along with 63.30 g/t silver, 23.2 g/t silver and 25.1 g/t silver as summarized in the following table:

    Channel

    Sample

    Description

    East_m

    North_m

    Width_m

    Gold g/t

    Silver g/t

    JLCS1

    188415

    No. 1 vein

    690634

    5010680.8

    0.40

    31.300

    63.30

    JLCS2

    188419

    No. 1 vein

    690637

    5010683.8

    0.40

    12.300

    23.20

    JLCS3

    188423

    No. 1 vein

    690641

    5010686.4

    0.40

    40.500

    25.10

    JLCS1-HW

    188416

    Wallrock

    690634

    5010681.2

    0.40

    0.213

    0.50

    JLCS1-FW

    188417

    Wallrock

    690634

    5010680.4

    0.40

    0.266

    0.40

    JLCS1-FW

    188418

    Wallrock

    690634

    5010680.0

    0.40

    0.898

    1.70

    JLCS2-FW

    188420

    Wallrock

    690637

    5010683.4

    0.40

    0.146

    < 0.2

    JLCS2-FW

    188421

    Wallrock

    690637

    5010683.0

    0.40

    0.118

    0.20

    JLCS2-HW

    188422

    Wallrock

    690637

    5010684.2

    0.40

    0.159

    0.50

    JLCS3-HW

    188424

    Wallrock

    690641

    5010686.8

    0.40

    0.340

    < 0.2

    JLCS3-FW

    188425

    Wallrock

    690641

    5010686.0

    0.40

    0.319

    0.90

    The first 3 samples in the table were cut from the No. 1 vein. The other 8 samples were sawn from wall rock on both sides of the vein. All of the wall rock samples contain gold ranging from 0.118 g/t to 0.898 g/t gold.

    Figure 1: The No. 1 Vein

    QA-QC Procedures: After cleaning and washing, 3 channels were sawn across the No. 1 vein and into the wallrock. Channel JLCS2 and channel JLCS3 were spaced 3 and 4 meters respectively meters east of channel JLCS1. Eleven channel samples were collected and delivered directly to Actlabs in Fredericton, New Brunswick for analysis. Actlabs analyzed all the samples for gold using procedure 1A2 (fire assay with atomic absorption finish) and 1A3 (gravimetric finish) for over-limit samples. Actlabs also used the ICP 1E3 method to analyze the samples for multiple elements

    Jake Lee Project Update

    Channel sample assays range up to 40.50 g/t gold and 63.30 g/t silver in the No. 1 gold vein as reported above from SLAM’s wholly-owned Jake Lee claims. The Company had previously reported eight grab samples with assays ranging from 7.42 grams per tonne (“g/t”) to 94.80 g/t gold from the No. 1 gold vein on July 9, 2025. A second discovery comprised quartz float grading 16.20 and 3.78 g/t gold respectively 100 meters southwest of the initial discovery as reported August 28, 2025.

    The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: “Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022”). SLAM’s exploration team recently mobilized back to Jake Lee.

    Historic Menneval Results

    SLAM previously reported gold bearing core intervals from the Maisie vein, including 162.5 g/t gold over 0.2 m and 56.90 g/t gold over 0.5 m, in news releases dated December 13, 2021 and November 22, 2022. The Company also reported a core interval grading 3,955 g/t (127oz) gold over 0.1m from the No. 18 vein. The Menneval soil geochemical survey shows a number of gold anomalies over an area measuring approximately 3,000 meters by 2,500 meters.

    About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp (“BMC”) of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

    The Company is a project generator and expects to receive significant cash and share payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

    To view SLAM’s corporate presentation, click SXL-Presentation. Additional information is available on SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold.Join our company newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM Exploration.

    Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

    CONTACT INFORMATION:

    Mike Taylor, President & CEO
    Contact: 506-623-8960
    mike@slamexploration.com

    Jimmy Gravel, Vice-President
    Contact 902-273-2387
    jimmy@slamexploration.com

    SEDAR+: 00012459

    Forward-Looking Statements

    This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are often, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “may,” “could,” “would,” “might,” or “will,” and similar expressions.

    Forward-looking statements in this news release include, but are not limited to: statements regarding the exploration potential of the Harry Brook gold-antimony project; the significance of historical gold and antimony occurrences; the interpretation of geological, geochemical, and geophysical data; the identification and prioritization of exploration targets; the anticipated receipt and significance of pending assay results from the Jake Lee Project; the continuity and extent of mineralized structures at Jake Lee and Menneval; the timing and scope of future exploration programs; the Company’s ability to advance its mineral projects; and the potential for future exploration success..

    Forward-looking statements are based on reasonable assumptions made by the Company as of the date of this news release, including, without limitation: that historical exploration results, mineral occurrences, and publicly reported third-party mineral resources are relevant for regional and exploration context; that geological interpretations and targeting models are reasonable; that pending assay results will be received within anticipated timeframes; that planned exploration activities can be executed as expected; that contractors, equipment, personnel, and supplies will be available on acceptable terms; that commodity prices and market conditions will remain generally supportive; and that required permits, approvals, and access rights will be obtained in a timely manner.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation: the speculative nature of mineral exploration; the risk that exploration results, including pending assay results, may not confirm historical data or current interpretations; uncertainty regarding the continuity, grade, and extent of mineralization; delays or changes to exploration programs; availability and cost of labour, equipment, and contractors; fluctuations in commodity prices; availability of financing on acceptable terms; regulatory, environmental, and permitting risks; operating hazards; and general economic, market, and business conditions. Additional risk factors are described in the Company’s most recently filed Management’s Discussion and Analysis and other continuous disclosure documents available under the Company’s profile on SEDAR+.

    Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE: SLAM Exploration Ltd.

    View the original press release on ACCESS Newswire