Duyuru • Jul 01
Slam Exploration Ltd., Annual General Meeting, Sep 09, 2026 Slam Exploration Ltd., Annual General Meeting, Sep 09, 2026. Location: british columbia, vancouver Canada New Risk • Jun 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.1m market cap, or US$10.6m). Duyuru • Jun 18
Slam Exploration Ltd. Drills over 30 Meters of Massive Sulphide Beneath Vtem Conductor on the Goodwin Copper Nickel Cobalt Project Slam Exploration Ltd. announced it has drilled over 30 meters of massive sulphide mineralization in diamond drill hole GW26-29 including a 26.10 meter (‘m’) massive sulfide core interval from 18.70 to 44.80 m; a 1.85 m zone from 46.75-48.60 m plus a 2.15 m zone of massive sulphides from 57.9-60.05 m. The Company has completed 4 diamond drill holes (GW26-26 to GW26- 29) since mobilizing on June 1, 2026 for the 7,000 meter diamond drilling program on the Goodwin copper-nickel-cobalt project. All 4 holes have cut gabbro mineralized with pyrrhotite and assay results from all four holes are pending. A fifth hole, GW26-30, is currently in progress. The first 4 holes are described as follows: GW26-26 - Designed to test a VTEM conductor 1,600 meters southeast of the Farquharson zone. Drilled at azimuth 055° and dip of -50° from a collar at 476 m elevation (N 5,237,581 /E 699,469) to a depth of 200 m. The hole intersected a sequence of gabbro and mafic tuff with disseminated to semi-massive pyrrhotite present throughout the mineralized intervals. Pyrrhotite occurs as disseminated blebs and stringers, with massive seams from 148.15 to 148.20 and 149.27 149.60. Chalcopyrite noted in the deeper portions of the hole. A total of 57 core samples were submitted for assay. GW26-27 - Designed to test a VTEM conductor from a collar 80 meters east of the collar for Logan Zone hole GW24-15. Drilled at azimuth 215° and dip of -60° from a collar at 393 m elevation (N 5,239,345 /E 697,310) to a depth of 110 m. The hole intersected medium-grained gabbro with a sustained and progressive increase in pyrrhotite mineralization with depth across a 27.85 meter interval from 46.00 to 73.85 meters., demonstrating the strong association between the gabbro host rock and sulfide mineralization at this target. A total of 44 core samples were sawn and submitted for assay. GW26-28 - Designed to test a VTEM conductor from the same collar location as Logan zone drill hole GW24-08. Drilled at azimuth 360° and dip of -45° from a collar at 395 m elevation (N 5,239,410 /E 697,180) to a depth of 163 m. The hole intersected chloritized volcanics and gabbro with disseminated pyrrhotite present throughout, including localized intervals of promoted sulfide concentration and a short interval of massive pyrrhotite from 120.42 to 120.51. A total of 9 core samples were sawn and submitted for assay. GW26-29 - Highlight Hole - Designed to test a VTEM conductor 100 meters southeast of hole GW25- 27. Drilled at azimuth 120° and dip of -80° from a collar at 395 m elevation (N 5,239,268 /E 697,385) to a final depth of 137 m, Three discrete intervals of massive sulfide were intersected within a competent gabbro host rock, with the host rock largely replaced by sulfide mineralization and core recovery remaining excellent throughout: · 18.7-44.8 m: 26.1 m of massive sulfide mineralization · 46.75-48.6 m: 1.85 m of massive sulfide mineralization · 57.9-60.05 m: 2.15 m of massive sulfide mineralization The three zones combine for approximately 30.1 metres of massive sulfide over a downhole interval of approximately 42 metres, with the upper zone alone spanning over 26 continuous metres. Sulfide mineralization continues below the massive zones as disseminated and semi-massive pyrrhotite with associated chalcopyrite. The geometry and continuity of the sulphide system intersected in GW26-29 is consistent with the style of mineralization observed in significant magmatic copper-nickel-cobalt deposits. A total of 64 core samples were submitted for assay, and results are anticipated to be a significant catalyst for the program All 4 holes were designed to test targets based on plate models derived from the new VTEM survey that was flown over the Goodwin copper-nickel-cobalt project in January, 2026. The VTEM plate model for L1560 predicted a flat-lying conductor of moderate (120 siemens) conductance at a vertical depth of 132.8 meters. This correlates with massive pyrrhotite seams drilled in hole GW25-26. 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. Duyuru • May 30
Slam Exploration Ltd Drills 18 Meter Mineralized Vein System Along Strike from Channel Sample Grading 40.50 G/T Gold over 0.40M At Jake Lee Gold SLAM Exploration Ltd. drilled quartz and quartz-calcite veining with pyrite, arsenopyrite and chalcopyrite mineralization in all 5 holes drilled on its wholly owned Jake Lee Project. The Jake Lee project is located 25 kilometers southeast of the Clarence Stream gold deposit operated by Galway Metals Inc. in New Brunswick, Canada. Holes JL26-01, JL26-02, and JL26-03 successfully intersected quartz veining with visible pyrite-arsenopyrite-chalcopyrite mineralization typically associated with gold occurrences. These holes were designed to test the potential continuation below channel samples grading up to 40.5 g/t gold and 63.30 g/t silver over 0.40 meters. The channel samples were sawn across the No. 1 gold vein as reported in a news release dated January 14, 2026 after the new gold discovery by SLAM in 2025. Deeper intercepts of mineralized quartz and quartz-carbonite vein systems occur in holes JL26-04 and 05. These include an 18-meter zone of quartz veining from 70.90 to 89.00 meters with chalcopyrite-arsenopyrite-pyrite mineralization and a 17-meter zone of quartz veining from 129.50 to 146.5 meters with chalcopyrite-arsenopyrite-pyrite mineralization. These holes were drilled to test soil geochemical anomalies ranging from 0.021 g/t gold to 0.246 g/t gold located 300 meters and 500 meters northeast of the No. 1 vein. The geochemical anomalies coincide with a geophysical aeromagnetic low and a linear topographic feature that highlight a potential correlation with the No. 1 gold vein. A total of 197 samples have been sawn from the drill cores and have been submitted to ActLabs in Fredericton, New Brunswick for gold assays and ICP analyses. Hole JL26-01 from 15.10 to 18.50 meters intersected 3.40 meters of quartz veins with pyrite, arsenopyrite, chalcopyrite. Hole JL26-02 from 25.80 to 28.30 meters intersected 2.50 meters of quartz veins with pyrite, arsenopyrite, chalcopyrite. Hole JL26-03 from 16.50 to 19.30 meters intersected 2.80 meters of quartz veins with arsenopyrite, chalcopyrite, pyrite. Hole JL26-03 from 29.30 to 31.00 meters intersected 1.70 meters of quartz-calcite veins with pyrrhotite, pyrite. Hole JL26-04 from 14.00 to 16.90 meters intersected 2.90 meters of quartz-calcite veins with pyrrhotite, pyrite. Hole JL26-04 from 123.60 to 128.20 meters intersected 4.60 meters of quartz-calcite veins with pyrrhotite, pyrite. Hole JL26-04 from 128.20 to 132.7 meters intersected 4.50 meters of quartz-calcite veins with chalcopyrite, arsenopyrite, pyrite. Hole JL26-05 from 34.70 to 44.00 meters intersected 9.30 meters of quartz-calcite veins with chalcopyrite, arsenopyrite, pyrite. Hole JL26-05 from 70.90 to 89.00 meters intersected 18.10 meters of quartz-calcite veins with chalcopyrite, arsenopyrite, pyrite. Hole JL26-05 from 129.50 to 146.50 meters intersected 17.00 meters of quartz veins with chalcopyrite, arsenopyrite, pyrite. Hole JL26-05 from 174.00 to 176.55 meters intersected 2.55 meters of quartz-calcite veins with pyrrhotite, pyrite. Hole JL26-05 from 186.75 to 189.20 meters intersected 2.45 meters of quartz veins with chalcopyrite, pyrrhotite, pyrite. In conjunction with the drilling program, the Company completed 9 trenches to test gold soil anomalies ranging up to 0.466 g/t gold associated with airborne conductors and aeromagnetic anomalies up to 800 meters northeast of the No. 1 gold vein. A total of 39 samples were collected from the trenching program and submitted to ActLabs in Fredericton, New Brunswick for gold assays and ICP analyses. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval grading 0.73% copper, 0.64% nickel and 0.05% cobalt for 2.19% copper equivalent, including 1.32% copper, 1.11% nickel and 0.09% cobalt for 3.84% copper equivalent 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 0.5 meters in hole GW24-01. The Company intends to return to the Menneval gold project for additional drilling in 2026. Targets include the Maisie vein where the Company previously drilled up to 56.90 g/t gold over 0.5 meters and the No. 18 vein where the Company drilled 162.5 g/t gold over 0.2 meters. New Risk • May 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.3m market cap, or US$7.46m). New Risk • Mar 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.7m market cap, or US$8.54m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). 
