SLAM Exploration Ltd. announced it has acquired claims adjacent to the Benjamin River Rare Earth Element ("REE") mineral occurrence located near the port of Belledune in the mineral-rich province of New Brunswick, Canada. SLAM acquired the initial Benjamin claim based on its REE potential. After a review of previous work records, the property was expanded by acquisition of 8 additional claims to cover anomalous gold levels ranging up to 691 ppb gold in stream sediments.

The expanded property comprises 400 mineral claim units covering 8,534 hectares of ground with elevated potential for gold, REE and copper- molybdenum mineralization. Anomalous gold ranging from 10 ppb to 691 ppb occur in 75 of the 490 stream sediment samples collected and analyzed in a survey by previous workers. These gold anomalies are associated with topographic and aeromagnetic lineaments that transect volcano-sedimentary and intrusive rocks within SLAM's Benjamin River property.

SLAM intends to conduct preliminary prospecting and geochemistry to evaluate these significant anomalies and trace them to a potential bedrock source. Previous workers drilled 9 holes on the Benjamin River REE occurrence in 2009. The best intersection was in hole BR09-05 with a core interval grading 0.669% Total Rare Earth Oxides ("TREO") over 2.4 m within a wider interval grading 0.363% TREO over 9.7 m starting at a down-hole depth of 17.2m.

This mineralization is associated with apatite and magnetite mineralization in intrusive rocks and is located 400 m north of SLAM's Benjamin claim boundary. The REE occurrence is associated with an aeromagnetic trend that extends onto SLAM's property and continues southward over a strike length of 2,000 m. Soil geochemical anomalies associated with the aeromagnetic signatures indicate potential for additional REE discoveries. SLAM's Benjamin property extends an additional 15 km southwest to cover a copper-molybdenum occurrence drilled with one hole in 2014.

Previous workers intersected up to 0.251% copper over 1.51 m and 0.021% molybdenum over 1.45 m within a 10 m core interval of pyrite-magnetite mineralization starting at a depth of 60 m in hole BN14-01. These mineral signatures suggest potential for gold mineralization within the mafic volcanic host rocks as well as porphyry-type copper deposits in potential intrusive bodies at depth. The 98 m hole only tested the north flank of a broad induced polarization ("IP") anomaly that trends for 800 m across the property.