SLAM TRENCHES MINERALIZATION AT SILVERJACK

Trenching for extensions to high grade silver-copper-zinc-lead deposit.

MIRAMICHI, NB, Oct. 6 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces preliminary results for 3 trenches completed for a total of 400 m at its Silverjack property in New Brunswick. Trench TR10-01 uncovered 4 mineralized zones ranging from 2 to 5 m wide. The rocks in this 200 m long trench are similar to those hosting the Silverjack deposit located 1,000 m along strike to the north. SLAM previously drilled high grade core intervals ranging up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 2.00% zinc and 2.34% lead over 0.75m at Silverjack. This high grade sample occurs within a 6.6 m interval grading 268.20 g/t silver (7.82 oz/ton), 1.27 % copper, 5.65% zinc and 4.53% lead as announced by press release 16 February 2010.

Trenching continues on TR10-04 located 200m along strike to the north of trench TR10-01. Targets include soil and aeromagnetic anomalies along strike from Silverjack and other high priority targets such as the Doyle silver-copper occurrences. Grab samples at the Doyle showing range up to 126 g/t silver and 12.9% copper as reported by press release 09 March 2010. SLAM expects to follow up the trenching with a drilling program in early November.

To support the trenching and subsequent drilling program, the Company has been awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program. The Silverjack property comprises 63 wholly owned mineral claims plus 13 claims under option for a total of 1290 hectares. This property is located 12 kilometres southwest of the Belledune smelter and seaport and adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares.

Michael R. Taylor, P.Geo. President and CEO of SLAM Exploration Ltd. is the Qualified Person responsible for the technical information contained herein. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.

President and CEO, Mike Taylor states, "SLAM is very encouraged by the initial trenching results. We are uncovering sulphide mineralization and generating excellent drill targets for a follow-up drilling program later this year. In addition to the exciting developments at Silverjack, drilling is expected to start on our Reserve Creek gold deposit on or about 15 October 2010. We expect to generate a steady stream of positive news from these projects as silver and gold prices continue to surge upward."

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

For further information: Corporate Inquiries: Mike Taylor, President & CEO, 506.627.1353, Toll Free: 866.523.6719, [email protected]