SLAM Exploration Ltd. announced that it has recently made significant acquisitions with the addition of three projects in the critical element space and now holds a diversified portfolio of gold, lithium, niobium, tantalum, silver and zinc projects. The company has mandated its consultants to evaluate each project for possible option, vend-out or spin off arrangements in a strategic manner to focus on core projects. Menneval Gold Project: The discovery of the Maisie vein resulted from a SLAM prospecting expedition designed to investigate an 8000 metre (m) long gold anomaly from a regional till survey conducted by the government.

This was followed by discovery of the No 2, No. 9, No 18 and No 22 veins, all associated with a 1500 m by 3000 m antiformal dome structure in the footwall of the Restigouche fault. This regional Appalachian structure is similar to the Appleton fault where NewFound Gold Corp.

has reported major gold discoveries such as Queensway. The following selected results were reported in the past from Menneval trenching and drilling programs by SLAM: 1838.00 g/t gold over 0.10 m in trench M18-12; 3950.00 g/t gold over 0.10 m in trench M18-13; 162.50 g/t gold over 0.2 m core interval in diamond drill hole BG21-11; 56.90 g/t gold over 0.5 m core interval in diamond drill hole BG22-30; 104.00 g/t gold over 0.3 m core interval in diamond drill hole MG12-26; 7.09 g/t gold over 0.6 m core interval in diamond drill hole MG22-77. Jake Lee Gold Project: Multiple gold anomalies were detected with assays ranging from 0.005g/t to 0.980 g/t in 190 of the 517 soil samples collected on SLAM?s wholly owned Jake Lee mineral claims located 30 kilometres west of Saint John, New Brunswick.

The highest value, 0.980 g/t gold occurs 100m east of a cluster of gold-bearing float grading up to 39.300 g/t gold reported January 25, 2023; Three trenches uncovered the CT vein at 3 points for a strike length of 150 m near its north end. The vein is up to 8 metres wide and locally mineralized with limonite, pyrite and chalcopyrite; Grab samples collected from angular float associated with the CT vein have returned anomalous levels ranging to 0.125 g/t gold and copper to 0.663%.