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TSXV: SXL US-OTC: SLMF


Expanding Silver-Lead-Zinc-Copper Deposit 15 Km from BMS No. 12 Mine


MIRAMICHI, NB, Oct. 14, 2011 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce the deepest intercept to date at its wholly
owned Nepisiguit silver-copper-lead-zinc deposit. Hole NP11-23 has
intersected a 14.8 m core interval of massive sulphides with visible
zinc and copper mineralization from 387.2 m to 402.0 m. This includes a
2.3 m chloritic stringer zone with 10% sulphides from 398.2 m to 400.5
m. Core angles are estimated to average approximately 70 degrees to
core axis.


Assays are pending for holes NP11-16 to NP11-22. Logging and sampling of
hole NP11-23 are in progress. Bore-hole pulse electromagnetic (BHPEM)
survey results are pending for hole NP11-23 to identify potential
targets at depth and along strike. Hole NP11-24 is in progress and
designed to test the target horizon 100 m west of hole NP11-23 at a
depth of 400 m.


SLAM had drilled 15 holes in previous campaigns at Nepisiguit which
produced significant intercepts including 91.8 g/t silver, 10.58 %
zinc, 2.34% lead and 0.18% copper over 3.75 m. Individual samples
range up to 126 g/t silver, 18.04% zinc, 3.05% lead and 0.27% copper
over 1.0 m.


Based upon these results, the Company staked 146 claims to cover 3,650
hectares of highly prospective volcano-sedimentary strata located
midway between the Nepisiguit property and the BMS No. 12 mine. These
are incorporated into the California Lake property. The Company also
expanded the Nepisiguit property by staking an additional 12 claims.


About Nepisiguit: SLAM's 100% owned Nepisiguit project now comprises 78 claims covering
1770 hectares with a 6,500 m strike-length of favourable strata located
on highway 430 approximately 15 km southwest of the world-class BMS No.
12 mine operated by Xstrata. Nepisiguit is a volcanogenic massive
sulphide deposit discovered in 1956. Previous workers defined 3
near-surface zones known as the Nepisiguit A, B and C zones. The
Nepisiguit drilling program is being funded in part by a $50,000 grant
from the New Brunswick Junior Mining Assistance Program.


Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person
responsible for the technical information contained herein.


About SLAM Exploration Ltd:


SLAM is a mineral resource company based in Miramichi, New Brunswick and
is currently drilling for gold at Reserve Creek in Ontario and is
actively exploring for silver-copper-lead-zinc in New Brunswick.


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.


On behalf of the Board

Mike Taylor, P. Geo.

President & CEO

SLAM Exploration Ltd.


SEDAR: 00012459E






This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.


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.




Image with caption: "Hole NP-11-23, 386 m to 405 m Massive Sulphides and Stringer Mineralization in Volcanics (CNW Group/SLAM EXPLORATION LTD.)". Image available at: http://photos.newswire.ca/images/download/20111014_C4143_PHOTO_EN_4598.jpg



For further information:

SLAM Exploration Ltd. Brian Jones, Investor Relations; Toll Free: 855.800.6109 Toronto: 647.729.1436 info@slamexploration.com