SLAM Announces CAD 2,072,750 Raised via Oversubscribed Private Placement

Hey mining investors! 🛢️ Big funding news for SLAM Exploration—they’ve closed an oversubscribed private placement, raking in over CAD 2 million to fuel their exploration projects! This cash injection is set to power their work on critical minerals and gold in New Brunswick, and we’ve got all the key details right here.

This press release is not for distribution to United States newswire services or for dissemination in the United States.

Miramichi, New Brunswick / ACCESS Newswire / March 12, 2026 / SLAM Exploration Ltd. $Slam Corp.(SLAMF)$(TSXV:SXL) (“SLAM” or the “Company”) is pleased to announce the closing of its non-brokered private placement, originally announced on February 18, 2026, expanded on February 20, 2026 and further expanded at closing, pursuant to which the Company issued an aggregate of 23,030,553 units at a price of CAD 0.09 per unit, for gross proceeds of up to CAD 2,072,750.

The offering consists of:

• 18,141,664 Flow-Through Critical Mineral Exploration Tax Credit Units (the “FT CMETC Units”) of the Company, issued at a price of CAD 0.09 per FT CMETC Unit. Each FT CMETC Unit is issued with the intention that the Company will incur and renounce eligible Canadian exploration expenses (expected to qualify as flow-through mining expenditures) that are intended to constitute “critical mineral exploration expenses” eligible for the critical mineral exploration tax credit under the Income Tax Act (Canada);

• 3,000,000 Flow-Through Units (the “FT Units”) of the Company, issued at a price of CAD 0.09 per FT Unit. Each FT Unit is issued in connection with Canadian exploration expenses expected to qualify as “Canadian exploration expenses” under the Income Tax Act (Canada); and

• 1,888,889 Non-Flow-Through Units (the “NFT Units”) of the Company, issued at a price of CAD 0.09 per NFT Unit.

Each FT CMETC Unit and FT Unit consists of:

• One (1) flow-through common share of the Company, issued as a “flow-through share” as defined in the Income Tax Act (Canada); and

• One-half (1/2) of one common share purchase warrant, with two (2) half-warrants exercisable together as one (1) full common share purchase warrant.

Each NFT Unit consists of:

• One (1) common share of the Company; and

• One (1) common share purchase warrant.

Each full warrant entitles the holder thereof to purchase one (1) additional common share of the Company at an exercise price of CAD 0.13 per common share for a period of two (2) years following the closing date of the offering, subject to early exercise in certain events.

The total proceeds received by the Company from the issuance of the FT CMETC Units will be used to incur eligible “Canadian exploration expenses” (“CEE”), which are expected to qualify as flow-through critical mineral mining expenditures (as defined in the Income Tax Act (Canada)), and are intended for the Company’s Goodwin Project. Such expenditures are expected to qualify as “critical mineral exploration expenses” for the purpose of the 30% critical mineral exploration tax credit available to eligible subscribers under applicable legislation.

The Company has issued 420,000 finder’s warrants and paid CAD 37,800 in cash in connection with the financing. Each full finder’s warrant entitles the holder thereof to purchase one (1) additional common share of the Company at an exercise price of CAD 0.13 per common share for a period of two (2) years following the closing date of the offering, subject to acceleration provisions in certain events.

Proceeds from the issuance of the FT Units will be used to fund the exploration of SLAM’s gold, zinc, copper and nickel projects in New Brunswick, Canada.

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