cnw


Retains Investor Relations Agent




MIRAMICHI, NB, Dec. 31 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL)
("SLAM") is pleased to announce it has signed an agreement to retain
Brian Jones for the provision of investor relations services for a 12
month period starting 01 January 2011. Mr. Jones will interact with a
broad spectrum of investors, brokers, fund managers and other
investment professionals directly and through various media channels to
enhance the profile of the Company with particular focus on drilling
results from the Reserve Creek Gold project and the Silverjack project.
In a press release of 17 August 2010, SLAM reported bonanza grades up
to 274 g/t gold over 0.5 m within a 16.85 m core interval grading 16.45
g/t gold from a diamond drill hole at Reserve Creek. In December, the
Company started a drilling program designed to extend the strike extent
of the bonanza zone. Assays are pending on mineralized intervals from 9
holes drilled in the current program.


The Company will pay Mr. Jones a monthly retainer for a one-year term,
and may renew the agreement by mutual consent. SLAM will also grant
100,000 incentive stock options to Mr. Jones, exercisable at a price of
$C 0.20 for a period of five years, subject to regulatory approvals.
The options vest in increments of 25,000 every three months and are
exercisable at a price of $0.20 per share for a period of five years.
In the event of termination, the options expire 30 days thereafter.


Mr. Jones owns and operates his investor relations consulting business
and is based out of Bracebridge, Ontario. Mr. Jones is arm's length to
SLAM and has provided investor relations consulting and support to the
resource sector for over 10 years. Mr. Jones does not currently own any
securities of the SLAM.


Michael R. Taylor, P.Geo. President and CEO of SLAM, is the Qualified
Person responsible for the technical information contained herein.


SLAM is a mineral resource company based in Miramichi, New Brunswick and
is actively drilling for gold in Ontario and for
silver-copper-lead-zinc in New Brunswick. Additional information about
SLAM and its projects is available 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 >www.sedar.com .




On behalf of the Board




Mike Taylor, P. Geo.

President & CEO

SLAM Exploration Ltd.

SEDAR: 00012459E