SLAM drilling more silver intercepts

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	                Grades up to 585.00 g/t (17.06 oz/ton) silver
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	    MIRAMICHI, NB, Feb. 8 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM")
is pleased to announce results from 7 additional diamond drill holes on its
Silverjack deposit in northern New Brunswick. These follow intercepts up 592
g/t silver (17.27 oz/ton) in the first 6 holes reported by press release
January 11 and February 2. Five of the 7 additional holes intersected
silver-copper-lead-zinc sulphide mineralization as outlined in the table
below. Silver grades range from 18 g/t (0.53 oz/ton) to 585 g/t (17.06 oz/ton
silver).

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	                                       Silver  Copper   Zinc    Lead  Silver
	    Hole       From      To   Length      g/t       %      %       %    oz/T
	    SJ09-07   55.80   57.65   1.85 m    45.65    0.22  10.43    9.48    1.33
	    SJ09-08   24.50   27.60   3.10 m    63.35    0.33   3.03    2.35    1.85
	    SJ09-10    7.00    7.50   0.50 m    43.00    0.55   3.79    3.42    1.25
	    SJ09-11   25.50   26.39   0.89 m    18.00    0.23   1.20    0.87    0.53
	    SJ09-12   44.24   47.70   3.46 m   171.29    0.78   4.81    4.02    5.00
	    SJ09-12   46.00   47.00   1.00 m   151.00    0.84   3.64    2.57    4.40
	    SJ09-12   47.00   47.70   0.70 m   585.00    2.47  14.60   12.80   17.06
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	    Holes SJ09-09 and SJ09-13 did not intersect significant mineralization.
Assays are pending on the remaining 7 holes numbered SJ09-14 to SJ09-20. The
20 hole drilling program has traced the Silverjack zone over a strike length
of 130 metres. Trenching indicates sulphide mineralization continues southward
over a strike-length of 1600 metres.
	    Samples collected from test pits in the general vicinity of a historic
rare earth mineral occurrence returned anomalous values in some rare earth
elements including lanthanum 93.5 ppm, cerium 166 ppm and neodymium 70.3 ppm.
SLAM plans additional work on rare earth elements in 2010.
	    The lengths tabulated above are measured core intervals in metres. The
true thicknesses are unknown. Drill cores were delivered from the drill to a
secure site for logging and sampling. Selected drill cores were split and one
half sent to Activation Laboratories. Activation Labs analyzed the samples
using code 8AR for silver, copper, zinc, lead and code Ultratrace 2 for
multi-elements. The Company used blank and standard samples for quality
assurance and control. Michael R. Taylor, P.Geo. President & CEO of SLAM, is
the Qualified Person, as defined under National Instrument 43-101, responsible
for management of the Silverjack project and for the results reported in this
news release.
	    The Silverjack property comprises 3 claims under option plus 59 wholly
owned mineral claims for a total of 992 hectares in the Mitchell area. This
property is adjacent to SLAM's Nash Creek zinc-lead-silver deposit (with a
43-101 compliant resource estimate) and 12 kilometres southwest of the
Belledune smelter and seaport.
	    "The Silverjack drilling program was funded as a result of a financing by
MineralFields Group, now a major SLAM shareholder," said Mike Taylor,
President and CEO. "We are very encouraged by the Silverjack results and look
forward to working with MineralFields Group in 2010."

	    SLAM is a mineral resource company based in Miramichi, New Brunswick.
SLAM continues to be active in gold and base metal exploration in Ontario and
New Brunswick and has recently reported rare earth minerals at Nash Creek.
Additional information about SLAM and its projects is available at
www.slamexploration.com or from SEDAR filings at www.sedar.com. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
	    Additional information about SLAM can be viewed at
http://www.slamexploration.com as well at www.sedar.com.

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	    On behalf of the Board

	    Mike Taylor, P. Geo.
	    President & CEO
	    SLAM Exploration Ltd.
	    SEDAR: 00012459E
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	    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 SLAM 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.