SLAM ACQUIRES MORE GOLD CLAIMS SLAM Signs Agreement To Acquire 3 Gold Claims

SLAM ACQUIRES MO ORE GOL LD CLAIM MS 

SLAM Si igns Agreem ment To Ac cquire 3 Go old Claims

For Imme ediate Release, March 28, 2022 

Miramich hi,  New  Brun nswick  ‐  SLA AM  Exploratio

on  Ltd.  (“SLA AM”  or  the  “Company”  on  TSXV:  SX XL)  is pleased to

• announce it t has signed a a purchase ag greement (th he “Agreemen nt”) to acquir re 3 mineral c claims

in the vic cinity of the W Williams Brook gold proje ect where Pu uma Explorat tion Inc. (“Pu uma”) has rec cently reported new gold disc coveries. The e Ferguson Br rook mineral c claim comprises 42 claim units coverin ng 912 hectares o of prospective land adjace ent to Puma’s s Williams Bro ook gold proje ect.

SLAM will earn 100%  interest in 3  mineral claim ms in return  for payment t of 200,000  SLAM shares s. The claims comprise a total of 22 claim m units that  cover about  470 hectare es of volcano‐sedimentary y rock types that are prospec he McIntyre Brook ctive for gold d and other m minerals. Claim 10349 is a adjacent to th gold prop perty where S Stratabound  Minerals dril lled a new go old discovery y in 2020. Str ratabounds B Big Pit gold occurrence is 600 0 m west of claim 10349.

SLAM also

• acquired 97 743 in this deal. This claim is adjacent to SLAM’s Ram msay gold pro oject. A third claim

adjacent to SLAM’s Simpson East gold claim which covers anom malous values up to 51 ppb 10411 is a b gold mples previously collected in government surveys. C in till sam Claim 10411 is s located on or near two major s known as the Ramsay B lated to the  Rocky structures Brook and Portage Brook f fault zones. T These are rel Brook‐Millstream brea ak which is ass sociated with h many gold o occurrences in n New Brunsw wick.

The Agree e production from ement is subject to a 2%  net smelter return (“NSR R”) royalty on n any saleable by SLAM for $1,000,000. SLAM the claims. Fifty perce ent of the NSR royalty (i.e.,1%) may be e purchased b retains a r right of first r refusal on the e remaining 1% NSR royalty.

The Menn neval Project

t: The Compa any expects to

• complete a additional wo ork to test a s swarm of new w gold ct. SLAM drilled 20

veins disc covered in its s 2020‐21 dril lling program m on its flagsh hip Menneval Gold projec holes in 2 2021 and inte ersected core e intervals ra anging up to  56.5 g/t gold d over 0.51 m

m. The prope erty is comprised d of 572 mine eral claim units covering 1 12,390 hectar res located in n northwester rn New Bruns swick. pany holds a 100% intere units covering 105 The Comp est in these c claims with th he exception n of 4 claim u hectares t that are subje ect to a 1.5% % NSR. The Co ompany can b buy down 0.5 5% of the NSR R for $500,00 00 and it  has  the e  right  of  firs st  refusal  on  the  remaini ing  1%  NSR.  For  addition nal  informatio on  and  maps s  visit Menneval Gold Project t   or call Mike Taylor 506‐ ‐623‐8960.

About SL LAM Explora ation Ltd:

SLAM is a a project‐generating resou urce company y holding NSR R royalties on n the Ferguso on Brook pro operty as well as s Superjack, N Nash Creek, P Portage, Goo odwin, Lower 44 and A’He earn properti ies in the Bat thurst Mining Camp of New Brunswick. The current focus for SLAM is on gold, and on it’s flagship Menneval gold  project.  SLAM  owns  the  Ramsay  and  Benjamin  River  gold  properties  both  located  in  the  same geological domain as Puma’s Williams Brook gold discoveries. SLAM owns the Jake Lee, Mount Victor and Little Mount Pleasant gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in the vicinity of Galway’s Clarence stream gold deposit in southern New Brunswick. The Company owns the Gold Brook, Birch Lake gold and Wilson Brook gold properties on similar structures in central New Brunswick. SLAM owns the Keezhik and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement.

The  Company  has  generated  cash  from  the  sale  of  securities  received  from  mineral  property  option agreements with other companies and has sufficient funds for the work currently in progress. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.  Follow us on twitter @SLAMGold.

Qualifying Statements: Mike  Taylor  P.Geo,  President  and  CEO  of  SLAM  Exploration  Ltd.,  a  qualified person as defined by National Instrument 43‐101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward- looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Mike Taylor, President & CEO Contact: 506-623-8960 [email protected]

Eugene Beukman, CFO Contact: 604-687-2038 [email protected] SEDAR: 00012459E