Miramichi, New Brunswick - SLAM Exploration Ltd. (TSX-V:SXL) (“SLAM”) has signed an

agreement to complete up to 3,000 metres of diamond drilling on its Silverjack project in New

Brunswick. SLAM expects to start drilling on the first week of November to follow a very

successful trenching program which unearthed widespread sulphide mineralization this fall. SLAM

has completed approximately 2,800 m of trenching in 8 trenches with zinc, lead and, or copper

mineralization uncovered in all 8 trenches.

The primary objective of the drilling program is to extend the Silverjack deposit where SLAM

previously drilled high grade core intervals ranging up to 653 g/t silver, 2.69% copper, 2.00% zinc

and 2.34% lead over 0.75m. This high grade sample occurs within a 6.6 m interval grading

268.20 g/t silver, 1.27 % copper, 5.65% zinc and 4.53% lead as announced by press release 16

February 2010. The drilling program will further test this zone and for potential extensions along

an airborne VLF-EM conductor which extends south from the Silverjack deposit for a strike length

of 2200 meters. Significant lead and zinc mineralization was uncovered by the trenching program

along this conductor.

The Silverjack property comprises 63 wholly owned mineral claims plus 13 claims under option

for a total of 1290 hectares. This property is located 12 kilometres southwest of the Belledune

smelter and seaport and adjacent to SLAM’s Nash Creek property comprised of 406 mineral

claims covering 6,496 hectares.

The Company is also making preparation for drilling at Reserve Creek. President & CEO Mike

Taylor recently visited Fort Hope, Ontario and noted that the fall freeze-up is just starting. This

freeze-up period can cause delays and low productivity especially when the short hours of

daylight combine with inclement weather. The Company has decided to postpone drilling and

related activities until after freeze-up and winter climate conditions have stabilized.

President and CEO, Mike Taylor states, “We will take advantage of the later fall season in New

Brunswick and drill Silverjack where drilling produced spectacular results early this year. The

drilling program will test the deposit along with possible extensions along a VLF conductor that

extends 2200 m south from the Silverjack deposit. Trenching already indicates the presence of

widespread mineralization associated with this conductor and suggests an extensive mineralized

system at Silverjack.”

Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person

responsible for the technical information contained herein. Additional information about Silverjack

can be viewed at:

Additional information about SLAM can be viewed at http://www.slamexploration.com as well at

www.sedar.com

On behalf of the Board

Mike Taylor, P. Geo.

President & CEO

SLAM Exploration Ltd.

SEDAR: 00012459E

Mike Taylor, President & CEO

506.627.1353

Toll Free: 866.523.6719

miketaylor@slamexploration.com

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.

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