SLAM Reports Diamond Drilling Gold Assays

SLAM Exploration Ltd. (TSX VENTURE: SXL)(OTCBB:SLMF) ("SLAM") is pleased to announce assay results for initial diamond drill holes from the 2012 program at its wholly owned Menneval gold project in New Brunswick. Gold bearing quartz veins were intersected in 8 of 10 holes with grades ranging up to 28.50 g/t gold over 0.25 m. Assay results for selected holes are summarized in the table below.

The drilling program has traced the vein system over a 520 m strike length and to a depth of 25 m. Drill hole locations are shown athttp://www.slamresources.com/projects/new-brunswick/menneval. The target vein was identified in a trenching program from which the Company reported numerous sites of visible gold with bonanza grade assays as it traced the vein system over a 700 m strike length in 2012. Assay results are pending from holes MG1211 to MG1247. Photos of selected drill core with visible gold can be viewed at http://www.slamresources.com/core-shack/.

Hole_ID From_m To_m Interval_m Au_g/t
MG1201 5.83 6.08 0.25 28.50
MG1202 13.85 14.25
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