Slam Drills More Mineralization at Silverjack

Mineralized Zones with Visible Copper Intersected in 5 Holes

TSXV: SXL   US-OTC: SLMF

MIRAMICHI, NB, Oct. 18, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") announces it has intersected vein and breccia zones with visible copper mineralization in 5 holes drilled on the Silverjack property in Northern New Brunswick.  A total of 8 holes numbered SJ11-43 to SJ11-50 were drilled for a total of 1272 m. The most significant intercept was in hole SJ11-50 with a 2.9 m mineralized interval from 172.0 m to 174.9 m. Assays are pending on all 8 holes.

The drilling program was designed to test the strike and depth extent of the Doyle copper-silver zone to follow up a previous hole SJ10-41 that intersected 2.33% copper and 43 g/t silver over a core interval of 1.33 m (press release March 25, 2011).

Upon completion of the Silverjack program, the drill was moved to SLAM's wholly owned Nepisiguit deposit where one drill was already working.  Both drills are now testing the strike extent of new mineralization announced October 14, 2011.

About Silverjack:  The Silverjack property comprises 207 claims owned 100% by the Company plus 14 claims held under option agreements for a total of 5,525 hectares. The property is 4 km from the Belledune smelter and seaport and 7 km east of SLAM's Nash Creek deposit.

Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Person responsible for the technical information contained herein.

About SLAM Exploration Ltd:

SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling silver-copper-lead-zinc in New Brunswick. The Company has a significant gold portfolio including the Reserve Creek gold deposit in Ontario. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.

Neither 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.

On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.

SEDAR: 00012459E

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of 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 an exemption from such registration is available.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that SLAM expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.