- Significant Gold Bearing Vein System Traced Over 250m Strike Length

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TSXV: SXL US-OTC: SLMF


MIRAMICHI, NB, March 9, 2012 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to report additional gold assays from its recently acquired
gold discovery located at Saint Quentin, New Brunswick. A series of
quartz veins were excavated in 3 trenches 100m along strike from the
original Lavoie discovery vein. Of 31 grab samples collected from
quartz veins as well as adjacent sediments, 25 samples contain gold
ranging from 0.04 g/t to 7.18 g/t. These trenches are located 250m from
Vein 7 where gold assays ranging up to 493 g/t gold were reported by
SLAM in a press release dated January 9, 2012.


The trenches were excavated under winter conditions and only grab
samples were collected. Grab samples are selective by nature and
unlikely to represent average grades of the deposits.


SLAM is very encouraged by the further expansion of this new gold
discovery. This initial program has generated spectacular gold grades
and identified a gold-bearing structure over a strike-length of 250m.
The Company plan to follow up with a program of soil geochemistry,
prospecting and trenching designed to further trace this gold-bearing
system.


About The SAINT QUENTIN Gold Discovery: SLAM has an option to earn 100% interest in the NW Gold Project which
comprises 251 units in 20 claims located near Saint Quentin, in
northwest New Brunswick. Combined they cover 6275 hectares of highly
prospective sedimentary rocks with favourable gold-bearing structures.


Qualifying Statements: Derek F. Brown, P.Geo. and consultant to SLAM is the Qualified Person
responsible for the technical information contained herein. Grab
samples were collected and sent to Actlabs in Ancaster, Ontario for
fire assay.


About SLAM Exploration Ltd:


SLAM is a mineral resource company based in Miramichi, New Brunswick and
currently has assays pending on 3 holes drilled at its wholly owned
Goodwin Nickel Project. The Company owns the Nepisiguit and Nash Creek
volcanogenic massive sulphide deposits in New Brunswick. A NI43-101
compliant resource estimate is pending on Nepisiguit, and Nash Creek
already contains a NI43-101 compliant resource. The Company recently
acquired the Lavoie property with a new gold discovery near Saint
Quentin, New Brunswick and owns the Reserve Creek gold deposit in
Ontario.

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.



For further information:



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