SLAM TRENCHING WIDESPREAD MINERALIZATION AT SILVERJACK

Testing VLF trend along strike from high grade silver-copper-zinc-lead deposit.

MIRAMICHI, NB, Oct. 19 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces additional indications of widespread sulphide mineralization at its Silverjack property in New Brunswick. SLAM has completed approximately 1200 m of trenching in 7 trenches. All 7 have uncovered zinc, lead and, or copper mineralization.

Six of the trenches have exposed lead and zinc mineralization over a strike length of 600 m. Coarse grained lead and zinc mineralization occur as disseminations and stockworks with up to 4 discrete mineralized horizons ranging from 0.5m to 5m in width within altered limestone. This unit is very similar to the rocks hosting the Silverjack deposit located roughly 1,000 m along strike to the north.

The mineralization in these trenches is spatially associated with an airborne VLF-EM anomaly extending from Silverjack through the trench area and an additional 700 metres south of the trenches for a potential strike length of 2,200 metres. The trenching program will continue to test this VLF trend and associated soil anomalies.

Trench TR10-03 was excavated 300 m west of the main trench area to test a new copper occurrence that had been recently discovered by SLAM's exploration team. This trench uncovered a vein with copper mineralization ranging from 5 to 20 cm wide over a strike length of 80 m associated with conglomerate, limestone and chert. The Company has shipped a total of 24 grab samples from the first 6 trenches. These will be analyzed for copper, lead, zinc and silver as well as other elements.

The rocks in these trenches are similar to those hosting the Silverjack deposit where 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.

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.

President and CEO, Mike Taylor states, "The primary target of this program is a VLF anomaly extending 2200 m south along strike from the Silverjack. The trenches are uncovering copper lead and zinc mineralization along this VLF trend. Trenching is expected to conclude around the end of October to be followed by a drilling program later this year. Preparations are also being made for drilling on our Reserve Creek gold deposit with mobilization scheduled for 25 October."

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.

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]