SLAM Exploration Ltd.

SLAM Exploration Ltd.

June 19, 2008 10:12 ET

SLAM Strikes More Gold Intervals

MIRAMICHI, NEW BRUNSWICK--(Marketwire - June 19, 2008) - SLAM Exploration Ltd. (TSX VENTURE:SXL) ("SLAM") announces gold intercepts for the first 3 of 6 holes drilled at its wholly owned Reserve Creek property located east of the former gold mining town of Pickle Lake, Ontario. Gold bearing intercepts are reported from all 3 holes, the most significant being a 4.80 metres interval averaging 6.116 g/t (0.178 oz/t) including 24.765 g/t (0.722 oz/t) gold over 0.50 metres. Assays are pending on the additional 3 holes all of which intersected sulphide and/or quartz-bearing units with visible gold reported from one hole.

The drilling program at Reserve Creek comprised of 6 holes for a total of 1014 metres. These holes tested the historic Williamson zone over a strike length of 300 metres and depths ranging from 90 to 140 metres. The gold bearing zone is associated with sulphide and quartz stringers hosted by a magnetite rich tuff unit up to 20 metres thick. The zone is open at depth below these holes. Selected intervals and grades for the first 3 holes are tabulated as follows:

DDH From To Core Gold Gold
m m Length oz/t g/t
RS0808 127.45 133.05 4.80 0.178 6.116
RS0808 128.25 128.75 0.50 0.722 24.765
RS0808 132.05 132.55 0.50 0.716 24.531
RS0809 111.49 112.00 1.52 0.140 4.792
RS0811 104.17 104.67 0.50 0.136 4.652
RS0811 108.20 108.70 0.50 0.063 2.173

Based upon these positive results, SLAM staked 9 additional claims covering 2128 hectares expanding the property to a total of 22 claims encompassing 4624 hectares of highly prospective volcano-sedimentary rocks. Reserve Creek is part of a valuable land package with a significant and expanding inventory of gold deposits centered around Eabamet Lake (Fort Hope).The properties all lie within the Traditional Territories of the Eabametoong First Nation ("EFN"). SLAM has conducted this drilling program in compliance with a Memorandum of Understanding ("MOU") signed by SLAM and EFN on 31 August 2007.

All drill cores were moved from the drill sites to a secure facility for logging and sampling. Selected cores were split with half retained for reference. Sampled halves were shipped to Accurassay Laboratories in Thunder Bay for gold assay. Standards were inserted in the sample batches to augment the Quality Assurance and Quality Control program of duplicates and standards utilized by Accurassay. Doug Clark P.Geo., consultant to SLAM, is the Qualified Person, as defined under National Instrument 43-101, responsible for the results reported in this news release.

SLAM Exploration Ltd. is a mineral resource company based in Miramichi, New Brunswick. It is involved in gold exploration in the Uchi sub-province of northwest Ontario as well as base metal

exploration in New Brunswick including the world class Bathurst Mining Camp. Additional information about SLAM including updated information on our Ontario gold projects is available at or from its SEDAR filings at 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 facts, 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 for further information.

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