SLAM EXTENDING SILVERJACK MINERALIZATION

	    Drilling northeast of high grade intercepts; Property expanded by staking
	    MIRAMICHI, NB, Nov. 18 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM")
announces visual drilling results extending the mineralized zone on its
Silverjack property in New Brunswick. The first 7 holes all intersected lead,
zinc and/or copper mineralization over core intervals ranging from 0.5 m to
10.0 m at depths ranging from 30 to 70 metres. These holes are stepping
northeast of high grade intercepts drilled in a 20 hole program completed last
winter.
	    The most significant new interval is in hole SJ1026 with visible
copper-lead-zinc mineralization over a 10 m core length at a depth of 46 m
hosted within altered limestone. This hole is 50 m northeast of hole SJ0914
which intersected 653 g/t silver, 2.69% copper, 2.00% zinc and 2.34% lead over
a core interval of 0.75 m 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.
	    SLAM continues drilling 20 meter step-outs to potentially expand the
deposit toward the Knowles vein 100 meters along strike to the northeast. The
Knowles vein comprises high grade silver-lead-zinc-copper veins discovered in
1956. Records indicate a forty foot shaft was sunk in 1966 to explore the
Knowles vein. A 17 ton hand-sorted bulk sample removed in 1975 returned 51.05
oz/ton (1750.3 g/t) silver with 14.3% lead and 10.2% copper.
	    SLAM staked an additional 97 claim units to the northeast to cover 2425
hectares of highly prospective folded limestone sequences similar to those
hosting the Silverjack. The expanded property comprises 160 wholly owned
mineral claims plus 13 claims under option for a total of 3715 hectares. This
property now stretches within 4 kilometres of the Belledune smelter and
seaport. It also is adjacent to SLAM's Nash Creek property comprised of 406
mineral claims covering 6,496 hectares.
	    The Company expects to complete this 3,000 m phase of drilling on or
about 15 December, 2010. To support the drilling program, the Company has been
awarded a provincial grant of $35,000 under the New Brunswick Junior Mining
Assistance Program. Additional information about Silverjack can be viewed at:
www.slamresources.com/projects/new-brunswick/silverjack.
	    Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Person
responsible for the technical information contained herein. 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.
	    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. 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.
	    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 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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