SLAM Exploration Ltd.
TSX VENTURE : SXL

SLAM Exploration Ltd.

April 24, 2008 10:45 ET

Slam Exploration Ltd.: Drilling Continues to Expand Nash Creek Zinc-Lead-Silver Deposit

MIRAMICHI, NEW BRUNSWICK--(Marketwire - April 24, 2008) - SLAM Exploration Ltd. (TSX VENTURE:SXL) ("SLAM") announces drilling results from 28 additional holes which continued to test the Hickey Zone at its wholly owned Nash Creek Project in New Brunswick.

Nineteen holes encountered sulphide mineralization from 2.0 to 44.11 metres thick at depths between 3.5 and 80.6 metres. The intersections range. The weighted average grades from 1.10% to 3.92% zinc as shown in the table below. These near-surface results continue to build tonnage with open pit potential thus expanding the deposit closer to SLAM's 20M tonne target at Nash Creek.



Hole From To Length Silver Lead% Zinc% Zinc+Lead
(m) (g/T)
------------------------------------------------------------------------
NC07111 30.70 63.00 32.30 13.58 0.39 2.11 2.50
NC07111 37.50 49.50 12.00 18.67 0.54 3.48 4.02
NC07112 42.00 60.00 18.00 6.29 0.18 1.40 1.58
NC07112 42.00 46.50 4.50 14.33 0.38 3.92 4.30
NC07113 23.00 27.40 4.40 16.40 0.73 2.38 3.11
NC07115 15.25 59.36 44.11 14.78 0.34 1.76 2.10
NC07116 18.00 45.00 27.00 14.38 0.42 1.31 1.73
NC07117 23.00 41.35 18.35 5.27 0.22 1.11 1.33
NC07117 56.30 64.00 7.70 17.36 0.36 1.84 2.20
NC07118 38.00 48.80 10.80 31.61 0.58 3.64 4.22
NC07120 15.00 48.50 33.50 14.98 0.46 2.24 2.70
NC07133 10.80 14.80 4.00 7.08 0.29 2.10 2.39
NC07134 6.00 13.00 7.00 9.78 0.63 1.25 1.88
NC07134 31.80 45.00 13.20 10.35 0.27 1.15 1.42
NC07139 10.00 25.80 15.80 20.62 0.66 1.79 2.45
NC07140 3.50 29.90 26.40 8.78 0.17 1.18 1.35
NC07140 3.50 12.00 8.50 8.99 0.22 1.86 2.08
NC07140 41.80 45.00 3.20 22.30 0.55 3.00 3.55
NC07148 27.00 33.00 6.00 1.84 0.18 1.32 1.50
NC07149 24.45 32.00 7.55 9.12 0.30 1.37 1.67
NC07149 24.45 29.48 5.03 9.45 0.39 1.83 2.22
NC07150 31.00 34.50 3.50 8.40 0.58 2.77 3.35
NC07153 65.60 80.60 15.00 10.43 0.33 1.10 1.43
NC07154 55.50 77.90 22.40 7.24 0.31 1.17 1.48
NC07154 55.50 61.50 6.00 0.05 0.17 2.62 2.79
NC08156 56.20 64.30 8.10 11.67 0.57 1.70 2.27
NC08157 42.00 44.00 2.00 6.46 0.22 3.07 3.29


SLAM has drilled 156 holes since the resource estimation announced July 2007. Assay results have been received for 117 holes. Ninety of these have encountered significant intercepts of mineralization with assays pending on an additional 39 holes. The drilling program has expanded the Nash Creek deposit to a strike length of 1400 metres and width varying from 100 to 300 metres. Thickness ranges from 3 to 45 metres with flat-lying mineralization occurring at depths from surface to 130 metres. After completion of hole NC08-187 in April, drilling was shut down for a period of 1 month due to spring weather conditions. Drilling will resume in May. SLAM management is planning an independent resource estimate along with a scoping study in 2008 for Nash Creek.

Additional information about SLAM and the Nash Creek Project can be viewed at www.sedar.com as well at http://www.slamresources.com/index.cfm?page=projects-NashCreek.

Derek F. Brown P.Geo., SLAM's Exploration Manager, is the Qualified Person, as defined under National Instrument 43-101, responsible for management of the Nash Creek project and drilling results reported in this news release. Drill cores were delivered from the drill to a secure site for logging and sampling. Selected drill cores were sawn with one half sent for assay and one half retained for reference. Samples were sent for ore grade assay to either Accurassay Laboratories or Activation Laboratories Ltd. (Actlabs). The Company inserted blank and standard samples at selected intervals for quality assurance and control in addition to the system of blank, standard and duplicate samples utilized by each laboratory. Accurassay used aqua regia digestion with AA finish and Actlabs used fire assay-ICP for zinc, lead and silver.

SLAM Exploration Ltd. is a mineral resource company based in Miramichi, New Brunswick. It is involved in base metal exploration in New Brunswick as well as gold exploration in the Uchi subprovince of northwest Ontario where drilling is currently in progress. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



On behalf of the Board
Mike Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E


This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward looking statements. Please see our public filings at www.sedar.com for further information.

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