SLAM Exploration Ltd. announced the start of its 2023 gold exploration program on its Jake Lee gold project located 30 kilometres west of Saint John, New Brunswick. SLAM's exploration team is prospecting and trenching to test the area of gold-bearing boulders respectively grading 39.300 grams/tonne gold, 3.390 g/t gold, 2.420 g/t gold and 1.49 g/t gold discovered during prospecting expeditions conducted in October-November, 2022. The Company also intends to conduct preliminary trenching program on the CT vein where SLAM's team discovered a 6 m wide quartz vein in outcrop.

A train of angular float north and south of this outcrop suggest a strike-length of at least 700 m. As reported November 17, 2022, thirteen grab samples collected from angular float associated with the CT vein contain anomalous levels of gold ranging from 0.004 g/t to 0.125 g/t gold. The Company has obtained approval to further test these gold discoveries with a trenching program and to follow with diamond drilling if warranted. For SLAM's corporate presentation including more information about the Jake Lee gold project click SXL Deck.

SLAM has signed a 12-month contract to engage Stockhouse for marketing and public awareness. Stockhouse, a division of The Market Herald, will broaden the audience for SLAM and ensure that its ongoing saga of exploration and discovery is effectively communicated to the Stockhouse community of highly targeted smallcap-microcrocap investors. Stockhouse will be paid an aggregate cash amount of C$62,000 for its services.

SLAM intends to ramp up its shareholder and public communications to improve the volume and share price to match an accelerated level of exploration activities that could lead to additional discoveries of gold as well as critical elements. SLAM's Jake Lee gold project comprises 6 claims covering 9,508 hectares spread over a 20 km stretch of volcano-sedimentary rocks along the Wheaton Brook and Belleisle Bay fault zones. Five of the 6 mineral claims are wholly owned by SLAM.

The Roger Lake claim is subject to completion of cash and share payments over a 4-year period and a 2% NSR royalty. The Company may purchase one half of the royalty for $1,000,000 at any time and the remaining half of the royalty for $2,000,000 at any time (SLAM news release Nov. 2, 2022).

The Lepreau river placer gold occurrence (reference 563 - New Brunswick Mineral Occurrence database) lies within the Roger Lake claim. In addition, gold was detected in one soil sample containing 16.200 g/t gold and 121 samples ranging from 0.010 to 0.173 g/t gold by a soil geochemical survey of 1904 samples collected in 2021.