SLAM Exploration Upgraded To "BUY" On STOXLINE

MIRAMICHI, NB, Feb. 14 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL  US-OTC:SLMXF, "SLAM") is pleased to have received a 4 Star buy recommendation from "STOXLINE Canada". STOXLINE provides stock technical analysis.

    http://canada.stoxline.com/q_ca.php?s=sxl.v

STOXLINE provides several technical indicators showing attainable targets and suggest a new upward trend may be forming.

This follows a recent buy recommendation by eResearch, which updated their report and maintain their target on SLAM. You can view the report at the following link:

    http://www.eresearch.ca/_report/SXL_020311-B.pdf

EResearch comments on SLAM's recent drilling success at its wholly-owned Reserve Creek project gold campaign citing a 10.4-metre core interval grading 7.68 g/t gold and a 16.85-metre interval grading 16.45 g/t gold from hole RS10-16 adding that these intersections compare to producing mines in the Uchi mineralization trend.

About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project now encompasses 7120 hectares in 34 mineral claims located near Fort Hope, Ontario. Reserve Creek is part of a large and valuable land package with an expanding inventory of gold deposits centered around Fort Hope approximately 150 km east of the former gold mining town of Pickle Lake. The large greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp and has potential to be a major gold producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are part of the Uchi subprovince, a major system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands.

The Reserve Creek drilling activities are being conducted in consultation with Eabametoong First Nation ("EFN") in accordance with a mutual Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of Reserve Creek and other projects in the Fort Hope area of Ontario.

About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently drilling 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.

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.
    Head Office 506.627.1353 Toll Free: 866.523.6719

Brian Jones, Investor Relations; Toronto: 647-729-1436
info@slamexploration.com

Mike Taylor, President & CEO
miketaylor@slamexploration.com


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.