Slam Exploration Ltd. reported preliminary results from the first hole (GW24-01) drilled on its wholly owned Goodwin Project in the Bathurst Mining Camp (BMC) of New Brunswick. The Goodwin Project is located 5 kilometers southwest of the Half Mile copper zinc silver deposit owned by Trevali Mining Corporation in the BMC. Hole GW24-01 was drilled at a dip of 50o toward azimuth 060 to a depth of 80 meters.

The highlight of the hole is an 8.50 meter core interval containing 50% pyrrhotite with copper mineralization (chalcopyrite). This copper-bearing interval occurs within a zone of variable mineralization from 24.85 meters to 59.40 meters. Previous workers have shown that pyrrhotite commonly contains nickel at Goodwin.

Goodwin Project Highlights: Logging and sampling are in progress on diamond drill hole GW24-01 as drilling continues on hole GW24-02. Hole GW-24-02 is testing the depth potential of the mineral zone intersected in the first hole. Both holes are testing the Granges zone where previous workers cored a 5.7 meter interval grading 1.79% copper plus 1.51% nickel in diamond drill hole GR87-55.

The core length in meters may not equal the true width of this interval. Prior to the Granges discovery in 1987, two additional copper nickel occurrences named the Farquharson zone and the Logan zone had been discovered in drilling programs dating back to 1960. The Goodwin Project consists of 8 original claims plus 5 recently optioned claims that combine for 159 units that cover 3,474 hectares of prospective mineral ground.

The project is underlain by the Goodwin Lake gabbro, a 6,500 meter long body of intrusive rocks hosting the 3 copper nickel occurrences referenced above. Permits are in place for a trenching and drilling program to test for copper nickel mineralization as well as gold and platinum group metals. The Goodwin project is accessible by logging roads from the Fraser Burchill road off Route 430 which connects to the city of Miramichi 90 kilometers to the southeast.

QA-QC Procedures: The results described above are from news releases and reports that predate NI43-101 regulations. The numbers can only be validated by additional drilling but the Company deems these results to be useful to plan additional drilling. The core descriptions and the summary log for hole GW24-01 are based on visual observations of the core.