SLAM SIGNS $400,000 AGREEMENT WITH MERC Company Retains NSR For Potential Streaming Revenues

FOR IMMEDIATE RELEASE November 2, 2015

Miramichi,  New  Brunswick  -­‐  SLAM  Exploration  Ltd.  (TSXV:  SXL)  (“SLAM”)  is  pleased  to  announce  it  has signed   an   agreement   (“Agreement”)   for   the   sale   of   the   Reserve   Creek   and   Miminiska   Lake   mineral properties   (the   “Properties”)   to   Mishkeegogamang-­‐Eabametoong   Mineral   Resources   Corp.   (“MERC”). Mike   Taylor   states,   “We   are   proud   to   sign   this   historic   agreement   with   MERC,   a   new   company established   expressly   to   provide   the   good   people   of   the   two   historic   Ojibway   sister   nations   of Eabametoong  and  Mishkeegogamang  with  economic  development  opportunities  and  hope  in  a  future made  better  through  cooperative  ownership  and  control  in  mineral  exploration,  development,  mining and  related  services  on  their  Traditional  Territories.  The  agreement  provides  MERC  an  opportunity  to unlock   and   develop   the   significant   mineral   potential   of   these   properties   in   return   for   a   cash consideration   and   retained   NSR   that   may   generate   potential   streaming   revenues   to   SLAM.

MERC  will  purchase  100%  interest  in  the  Properties  for  a  price  of  $400,000  to  be  paid  to  SLAM  in  cash installments  over  two  years  as  follows;  twenty  five  thousand  dollars  ($25,000)  paid  upon  signing,  fifty thousand  dollars  ($50,000)  due  within  30  days;  two  hundred  thousand  dollars  ($200,000)  on  or  before the  first  anniversary  of  the  Agreement;  and,  one  hundred  and  twenty-­‐five  thousand  dollars  ($125,000) on   or   before   the   second   anniversary   of   the   Agreement.     SLAM   will   retain   a   2%   NSR   for   potential streaming  revenue  in  the  event  of  production.    MERC  may  purchase  half  of  this  NSR  for  one  million dollars  ($1,000,000).

About  The  Properties:    The  Properties  comprise  13  mineral  claims  that  cover  2,832  hectares  of  highly prospective   volcano-­‐sedimentary   terrranes   in   the   Reserve   Creek   and   Miminiska   Lake   area   of northwestern  Ontario.    The  properties  include  the  Reserve  Creek  gold  deposit  and  the  promising  Keezhik Creek  (KCR)  gold  occurrence,  both  with  significant  gold  intercepts  drilled  by  SLAM.

About   MERC:   Mishkeegogamang-­‐Eabametoong   Mineral   Resources   Corp.   (MERC)   is   a   new   company established  expressly  to  serve  as  an  economic  development  vehicle  in  the  mineral  resources  space  for the  two  historic  Ojibway  sister  nations  of  Eabametoong  and  Mishkeegogamang,  providing  these  good people   with   hope   in   a   future   made   better   through   cooperative   ownership   and   control   in   mineral exploration,  development,  mining  and  related  services  on  their  Traditional  Territories,  and  beyond.    For further  information  please  contact:  Kevin  M.  Keough  at  (613)  832-­‐4592  or  [email protected].

About SLAM Exploration Ltd.:

SLAM is a project-generating resource company with a portfolio of road accessible mineral properties in New Brunswick including the Menneval gold project where the Company discovered the Maisie gold deposit in 2012. The Company retains 2% NSR in mineral claims that have been sold to MERC and are located in the Reserve Creek and Miminiska Lake area of Ontario. SLAM also owns the Superjack and Nash Creek base metal-silver deposits both with resources that meet CIM definitions as required by NI 43-101. 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.,  is  the  Qualified Person  responsible  for  the  technical  information  contained  herein.

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:

Corporate Inquiries

Mike Taylor, President & CEO Tel: 506.623.8960 Info: [email protected]