SLAM Exploration reports additional zinc intercepts



    MIRAMICHI, NB, Feb. 5 /CNW/ - SLAM Exploration Ltd. (TSX-V: SXL) ("SLAM")
announces drilling results from 33 additional holes drilled at its wholly
owned Nash Creek Project in New Brunswick. Of these twenty-three holes
encountered near-surface mineralization ranging from 4.4 to 45.8 metres thick
within the Hickey Zone. Drilling results continue to demonstrate the potential
for open pit mining with significantly expanded tonnage at the Nash Creek
Project. Weighted average grades for selected holes are set out below.

    
    Hole ID      From        To      Core    Zinc    Lead   Silver   (Zinc +
                    m         m    Thick-       %       %      g/t     Lead)
                                     ness                           x Thick-
                                                                        ness
    ------      -----     -----     -----    ----    ----    -----    ------
    NC0777      20.27     45.80     25.53    2.66    2.18    27.04    123.46
    NC0779       6.00     41.00     35.00    2.33    1.38    26.74    129.90
    NC0788       6.00     42.00     36.00    1.10    0.38     8.61     53.16
    NC0789       7.50     48.00     40.50    1.25    0.29     7.16     62.46
    NC0790      12.00     25.50     13.50    2.24    0.31     4.46     34.43
    NC0796      12.00     61.50     45.80    2.40    0.67    18.29    140.59
    NC0798      29.13     64.50     35.37    3.27    0.55    17.96    135.15
    NC0799      48.00     58.14     10.14    3.61    0.76    25.67     44.35
    NC07101     39.00     67.50     28.50    1.96    0.30     8.53     64.46
    NC07102     32.75     69.00     36.25    1.68    0.40    16.76     75.47
    NC07105     29.30     47.55     18.25    3.74    0.53    15.99     77.94
    NC07106     29.30     57.00     27.70    1.97    0.74    14.11     75.16
    NC07108     42.60     70.50     27.90    1.65    0.88    20.55     70.53

    

    SLAM management is encouraged by these drilling results which indicate,
most importantly, that the strike length of the deposit has been extended from
900 to 1400 metres. As reported 10 July 07, the deposit comprised an indicated
resource of 3.24M tonnes grading 4.67% zinc, 0.80% lead and 27.8 g/t silver
plus an additional inferred resource of 2.69M tonnes grading 3.65 % zinc,
0.77% lead and 20.0 g/t silver. The resource calculation and other information
described in a Technical Report filed 27 August 07 can be viewed at
www.sedar.com. Additional information including maps and core pictures from
the Nash Creek Project are available for viewing online at
http://www.slamresources.com/index.cfm?page=projects-NashCreek.
    Assays are pending on 25 additional holes for a total of 100 holes
drilled since the most recent resource calculation. Drilling continues and the
Company has signed a new contract for drilling of 10,000 metres in 2008. In
addition, the Company is conducting more advanced activities in anticipation
of development. Dillon Consulting Limited have been engaged to complete
geotechnical and hydrogeological assessments in preparation for environmental
permit applications. SLAM plans to commission an independent resource
estimate, a scoping study, and further metallurgical testing. SLAM management
expects to incorporate these activities into a full feasibility study for a
future open pit mining and milling operation at Nash Creek.
    Derek F. Brown P.Geo., SLAM's Exploration Manager, is the Qualified
Person, as defined under National Instrument 43-101, responsible for
management of the Nash Creek project and drilling results reported in this
news release. Drill cores were delivered from the drill to a secure site for
logging and sampling. Selected drill cores were sawn with one half sent for
assay and one half retained for reference. Samples were sent for ore grade
assay to either Accurassay Laboratories or Activation Laboratories Ltd.
(Actlabs). The Company inserted blank and standard samples at selected
intervals for quality assurance and control in addition to the system of
blank, standard and duplicate samples utilized by each laboratory. Accurassay
used aqua regia digestion with AA finish and Actlabs used fire assay -ICP for
zinc, lead and silver.

    SLAM Exploration Ltd. is a mineral resource company based in Miramichi,
New Brunswick. It is involved in base metal exploration in New Brunswick as
well as gold exploration in the Uchi sub-province of northwest Ontario. 
Additional information about SLAM and its projects is available at
www.slamexploration.com or from SEDAR filings at www.sedar.com. The TSX
Venture Exchange has not reviewed and does not accept 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 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 facts, that address future production, reserve
potential, exploration and development activities and events or developments
that the Company 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:

For further information: Corporate Inquiries: Mike Taylor, President &
CEO, (506) 627-1353, miketaylor@slamexploration.com; Nash Creek Project: Derek
Brown, Exploration Manager, (506) 627-1353, dfbrown@rogers.com; Investor
Relations: Bob Smylie, Toll Free: (866) 523-6719, Direct: (604) 224-4945,
request@slamexploration.com; AGORACOM Investor Relations:
http://www.agoracom.com/IR/slamexploration


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