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.

%SEDAR: 00012459E

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CONTACT INFORMATION:

Corporate Inquiries

Mike Taylor, President & CEO
506.627.1353
Toll Free: 866.523.6719
[email protected]