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TSXV: SXL US-OTC: SLMF


MIRAMICHI, NB, Aug. 10, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") would like to thank our valued shareholders for their participation in
this year's annual general meeting, held in Miramichi, New Brunswick,
on July 28th, 2011 and offer a brief recap for those not in attendance.


The meeting was held in the Rodd Miramichi Hotel, to facilitate the
election of the board of directors, a financial review, presentations
on the company's current and planned operations and an opportunity for
shareholders to ask questions.


After introductions and nominations, the current board were all duly
re-elected and McGovern, Hurley, Cunningham, Chartered Accountants were
re-appointed as auditors. CEO, Michael Taylor reviewed current
exploration activities at Reserve Creek Gold and Opikeigen Gold
projects. Mr. Taylor also discussed the positive implications of the
deep hole, NC11-220 at Nash Creek, which encountered mineralization
below the known deposit. The company is currently cutting grid lines in
preparation for deep Induced Polarization (IP) testing to be followed
by diamond drilling. The positive results of Dense Media Separation
tests were also discussed. They could have a significant impact on
transportation and processing costs and thereby improve the economic
viability of the Nash Creek deposit.


Discussion also focused on SLAM's recent agreements with other
exploration companies on the Keezhik and Miminiska gold properties.
These other companies will be paying the exploration costs as well as
share and cash payments to SLAM in return for an interest in each
respective property. Mr. Taylor stated that the company would seek
further agreements and partnerships with the goal of funding more of
SLAM's stable of 18 properties. Shareholders will see activity on at
least 7 properties this year including Reserve Creek, Nash Creek,
Opikeigen, Silverjack, Miminiska, Keezhik and Nepisiguit, in part
funded by other companies through exploration agreements.


Corporate Communications Manager, Brian Jones discussed SLAM's upcoming
initiatives to broaden corporate awareness through increased use of
Internet advertising and efforts to expand exposure within the
investment industry. Additionally, Mr. Jones laid out plans for changes
to the corporate website which will allow for more frequent updating of
information and images as well as the addition of more documentation
for download. Mr. Jones also encouraged shareholders to make use of
SLAM's toll free number to contact him with questions or concerns and
for the most current activity updates.


Subsequent to the AGM, the directors held a board meeting and planning
session. In accordance with the company option plan, a total of 200,000
options were awarded to officers and directors. These options are
exercisable at $0.10 until July 28, 2016. The total options issued are
3,100,000 from a total of 7,965,000 available under the company option
plan.


About SLAM Exploration Ltd:


SLAM is a mineral resource company based in Miramichi, New Brunswick and
is exploring 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 TSXV nor its Regulation Services Provider (as that term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this release.




On behalf of the Board

Mike Taylor, P. Geo.

President & CEO

SLAM Exploration Ltd.






For further information:

SLAM Exploration Ltd. Brian Jones Corporate Communications Manager Toll Free: 855.800.6109 Toronto: 647.729.1436 info@slamexploration.com