June 23, 2011 12:33 ET

eResearch Issues Update Report on SLAM Exploration Ltd.

TORONTO, ONTARIO--(Marketwire - June 23, 2011) - SLAM Exploration Ltd. (TSX VENTURE:SXL) is a development-stage mineral exploration company focused on both base and precious metals.

The Company's base-metal exploration properties are located in the Bathurst Mining Camp area in the province of New Brunswick, a major zinc production area, and its gold properties are located in the Uchi sub-province of northwestern Ontario, which hosts the prolific Red Lake and Pickle Lake gold camps.

Slam Exploration has been an active driller on its three key properties: Nash Creek (zinc-lead-silver) and the adjacent Silverjack (zinc-lead-silver-copper) both in New Brunswick, and Reserve Creek (gold) in Ontario. These drilling efforts have provided further evidence of widespread mineralization.

We continue to recommend SLAM as a Speculative Buy for risk-tolerant investors. The recent pull-back represents a buying opportunity. Our 12-month Target Price is maintained at $0.33 per share.

This Press Release was prepared by eResearch and was not vetted by SLAM Exploration Ltd. Further, the Recommendation and Target Prices contained in this Press Release and in the Update Report are strictly those of eResearch and, due to securities laws, are not endorsed by SLAM Exploration Ltd.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

SLAM Exploration Ltd. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

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