LIST OF THEIR "1066" CLAIMS:
The Company acquired an additiona 130% interest and stake and additional 17 claims to own 100% interest in 40 mineral claims covering 8,000 hectares in the Miminiska–Keezhik Lake area and located within the Traditional Territories claimed by Eabametoong First Nation ("EFN").
Province of Ontario
Miminiska – Keezhik Lake Gold Project
Province of New Brunswick
SLAM Exploration Ltd.
Notes to the Interim Financial Statements
(Unaudited)
31 July 2010
Mineral properties
The company holds 100% interest in 367 claims for a total of 5,926 hectares.
Nash Creek Zinc-Lead-Silver Project
The Company holds a 100% interest in 411 mineral claims covering 6,576 hectares.
Nepisiguit Zinc-Lead-Silver Project
The Company holds a 100% interest in 20 mineral claims covering 320 hectares.
Silverjack Silver-Copper-Lead-Zinc Project
The Company owns 100% interest in 63 claims and holds options on 13 claims(3 claims with Northeast Exploration and 10 claims with Clovis Godin)for a total of 1,315 hectares. For the 3-claim option, SLAM must complete staged payments for a total of $40,000 CAD (first payment on 1 November 2010)and 250,000(30,000 issued on 1 November 2009)shares over a 4 year period to earn 100% interest subject to a 2% NetSmelter Return("NSR").SLAM may purchase one-half of the NSR at any time for a cash payment of $750,000 and holds right of first refusal on remaining 1%NSR.For the 10 claim option,SLAM must complete stage payments for a total of $55,000 CAD(first payment on 08March 2011)and 430,000 shares($50,000 payable on signing)over a 4 year period to earn 100% interest subject to a 1.5% NSR.SLAM may purchase two-thirds of the NSR at any time for a cash payment of $1,000,000 and holds right of first refusal on the remaining 0.5% NSR.
Costigan Zinc-Lead-Silver Project
The Company owns a 100% interest in 24 claims covering 384 hectares,subject to a 1% net smelter return payable to the optionors.
TSN Copper-Zinc-Lead-Silver Project
Mann Brook Silver ProjectThe Company holds a 100% interest in 18 mineral claims covering 450 hectares.
The Company holds a 100% interest in 46 claims covering 736 hectares,subject to a 2% net smelter return on gold and silver and a 1% net smelter return on base metals.
Hayden Brook Zinc-Lead-Silver Project
Opikeigen Lake Gold Project
The Company holds a 50%interest in 38 mineral claims registered to SLAM and covering 4,144 hectares in northwest Ontario in joint ownership with Beatrix Ventures Ltd.("Beatrix")of Vancouver,British Columblia.Beatrix is a new company recently spun out of Bard Ventures Ltd. The claims are located within the Traditional Territories of EFN.
Reserve Creek Gold Project
The Companyholds a 100%interest in 22 mineral claims covering 4,608 hectares and located within the Traditional Territories of EFN.
Other Significant Properties:
A'hearn-Strachens,GravelHill,LewisBrook,KennyLake,
MannBrookandForty-Milehavedemonstratedmineralpotential and, pending financing, may be included in future work plans for the Province of New Brunswick.
