SLAM Exploration Ltd. announced it has entered into an option agreement with Dustin Nanos and WhiteRock Corp. (WhiteRock) signed November 7, 2023 (Option Agreement) whereby SLAM can acquire 100% of the Peninsula Critical Mineral lithium project neighboring the Rose lithium-tantalum project operated by Critical Elements Lithium Corp. located on the territory of Eeyou Istchee in the proven James Bay lithium camp in Québec. All sections of the project are located on the traditional lands of the Cree Nation of Eastmain. Project Highlights: Proven Lithium District: The Peninsula project comprises 302 claim units covering 4,700 hectares in 4 claim groups located 10 to 30 kilometres northeast of the 60 million tonne Rose lithium-tantalum deposit and mine project operated by Critical Elements Lithium Corp. (CRE). CRE filed a positive feasibility study October 11,2023 for a potential mine at the Rose Deposit based on the following reserves and resources: Lithium Potential of the Area: The Peninsula lithium project located northeast of the Rose lithium tantalum project as shown on Image 1 and is underlain by volcano-sedimentary and intrusive rock formations similar to those occurring on the Rose project. These formations could host pegmatites similar to the northeast-trending lithium pegmatite bodies that outcrop on the Rose project. Several potential areas of outcrop that are prospective for pegmatites can be identified from Google Earth and satellite views. CRE recently announced several new lithium discoveries and identified 4 new spodumene- bearing pegmatite outcrops in their "New Discovery Area" on the Rose project. According to CRE, "the apparent strike length along the outcrops exceeds 400 metres to date, the results from the initial 10 selected samples have been received. All samples are lithium- bearing and 50% of them report values over 3% Li2O with some results as high as. 5.62% Li2O. The reader is cautioned that grab samples are selective by nature and may not represent average grades". Infrastructure: The Project is 50 km north-west of Nemaska's Whabouchi lithium mine,
20 km south of Hydro Québec's Eastmain 1 major hydroelectric dam and 80 km south of Goldcorp's Éléonore gold mine. The project is 45 kilometers north of the Cree village of Nemaska located approximately 300 km north-west of Chibougamau. The four sections of the project are all accessible from the Route du Nord, an all season road from Chibougamau. It can also be reached from Matagami, via Route 109 and Route du Nord. The Nemiscau airport is 50 km from the project.