SLAM DRILLING RESULTS INCREASE SILVER, LEAD & ZINC TONNAGE POTENTIAL

Diamond Drill Hole Cuts 309 m of Silver, Lead and Zinc Mineralization

TSXV: SXL   US-OTC: SLMF

MIRAMICHI, NB, April 5 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMXF) ("SLAM") is pleased to report a 145.5 m interval grading 16.90 g/t silver and 3.9% lead-zinc starting at a depth of 144 m in hole NC11-220 at its wholly owned  Nash Creek project in New Brunswick. Individual samples range up to 90.00 g/t silver and 15.50% lead-zinc over 1.5 m. These are included in a 309 m core interval from 117 m to 426 m grading 12.71 g/t silver and 2.30% lead-zinc. This broad zone also includes a 17.1 m interval from 252.0 m to 269.1 m grading 21.54 g/t silver and 4.58% lead-zinc beneath the NI43-101 compliant Nash Creek deposit.

The broad zone of silver-lead-zinc mineralization extending well beneath the Nash Creek deposit is open at depth and along strike and indicates significant potential to increase tonnage. The more significant assay results are summarized in the table below.

DDH From m   To m   Length m   Silver g/t   Lead %   Zinc %   Lead + Zinc %
NC11-220 117.00   426.00   309.00   12.71   0.37   1.92   2.30
NC11-220 144.00   289.50   145.50   16.90   0.62   3.28   3.90
NC11-220 166.50   168.00   1.50   90.00   2.20   13.30   15.50
NC11-220 181.10   198.30   17.20   8.30   0.97   6.07   7.04
NC11-220 207.90   226.90   19.00   26.43   0.85   5.44   6.29
NC11-220 252.00   269.10   17.10   21.54   0.78   3.80   4.58
NC11-220 269.10   289.50   20.40   17.75   0.52   2.42   2.94

The assay results described are from drilled core intervals and may not represent true widths.

SLAM is very encouraged by these results. Broad intervals of silver, lead and zinc mineralization beneath the known deposit indicate potential for a much larger deposit. The Company is planning additional work designed to further expand the deposit in 2011.

DMS Testing: Results are pending from Dense Media Separation ("DMS") tests on core samples submitted to the RPC research facility. These tests may determine whether the Nash Creek ores can be upgraded with a DMS process prior to milling. Upon production, this process would effectively increase the grade going to mill, thereby reducing energy consumption and transportation costs as well as extending mine life.

Qualifying Statements: Derek F. Brown, P.Geo., Consultant, is the Qualified Person responsible for the technical information contained herein. The Nash program comprised 1 deep hole for a total of 583 m drilled in January 2011. Drill cores were delivered from the drill to a secure site for logging and sampling. A total of 261 core samples were split or sawn and sent to Actlabs in Fredericton for preparation and subsequent analysis at Actlabs in Ancaster, Ontario. Activation Labs analyzed the samples using code 8AR for silver, zinc and lead. Selected samples were also tested using code Ultratrace 2 for multi-elements. The Company used blank and standard samples for quality assurance and control.

The Nash Creek Deposit:

According to a NI43-101 Technical Report announced 12 February, 2009, SLAM's 100% owned Nash Creek deposit contains an indicated resource of 468M lbs zinc, 95M lbs lead and 4.6M oz silver, plus inferred resource of 71.0M lbs zinc, 14M lbs lead and 0.7M oz silver. These metals are contained within a 7.8M tonne indicated resource grading 2.72% zinc, 0.55% lead and 18.26 g/t and a 1.2 M tonne inferred resource grading 2.66% zinc, 0.52% lead and 18.00 g/t silver.

The property boasts excellent infrastructure with a power-line, railway and major highway transecting the property. These links provide immediate access to the Belledune seaport and smelter located within 25 km as well as Xstrata's BMS No. 12 mine and mill within 75 km.  Maple Minerals Caribou dormant mine/mill complex is approximately 90 km by road from Nash Creek.

About SLAM Exploration Ltd:

SLAM is a mineral resource company based in Miramichi, New Brunswick and is exploring for gold in Ontario and for silver-copper-lead-zinc in 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.

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. Please see our public filings at www.sedar.com for further information. 

SOURCE SLAM EXPLORATION LTD.

For further information:

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

info@slamexploration.com


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