SLAM Exploration Using New VTEM Survey To Generate Copper Nickel Cobalt Targets on the Goodwin Project

About this update from Slam Exploration Ltd.

VTEM Survey Generating Critical Element Targets in the Mineral-Rich Province of New Brunswick, Canada MIRAMICHI, NB / ACCESS Newswire / June 1, 2026 / SLAM Exploration Ltd. (TSXV:SXL) ("SLAM" or the "Company") is pleased to announce it is using the new VTEM survey over the Goodwin copper-nickel-cobalt project to generate targets and to plan the 2026 diamond drilling program. Mobilization for the 7,000 meter drilling program is in progress. From a total of 432 anomalies, the Company has constructed plate models for 24 conductors that range in depth from 30 meters to 320 meters. All of these models are potential extensions to the known zones of mineralization and could represent potential ovoid-type deposits with higher-grade mineralization at depth. The Goodwin copper-nickel-cobalt project covers 14,000 hectares (35,000 acres) in the mineral-rich Bathurst Mining Camp ("BMC") of New Brunswick, Canada. The 7,000 meter drilling program will test for potential extensions far below and beyond the 3 known zones of copper-nickel-cobalt mineralization. The Company has drilled 25 holes on the Logan, Granges and Farquharson zones. Significant copper, nickel and cobalt intercepts include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01. Figure 1 shows the VTEM profile and plate model with a strong conductivity of 230 siemens at a depth of 81 meters from Line 1300 flown directly over the Granges copper nickel cobalt zone. Figure 2 shows a similar VTEM profile and plate model from Line 1120 with a strong conductivity of 220 siemens at a depth of 44 meters flown over an untested conductor 2,000 meters northwest of the Granges copper nickel cobalt zone. Figure 3 a broader and deeper target on line 1300 that is a potential extension of the Logan copper nickel cobalt zone as well as the more conductive target directly over the Granges zone. Figure 4 shows an untested target on L1120 that is similar to the profile over the Granges zone. A total of 432 anomalies were identified by the VTEM survey. Figure 5 is a map of conductivity with individual conductors shown for the central area of the Goodwin project where the known deposits and ...

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