Slam Exploration Ltd. (SLMXF)

[gsfl]

SLAM DRILLING SULPHIDES AT SILVERJACK
Drilling sulphides northeast of previous high grade silver-copper-lead-zinc intercepts
MIRAMICHI, NB, Nov. 11 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") announces it has completed the first 4 holes on its Silverjack property in New Brunswick and has intersected sulphide mineralization over core intervals ranging from 0.5m to 7.0 m in all 4 holes. The most significant interval is in hole SJ1024 with a 7 m interval of copper-lead-zinc mineralization at a depth of 53m within altered limestone. This hole is 30 m northeast of hole SJ0914 which intersected 653 g/t silver, 2.69% copper, 2.00% zinc and 2.34% lead over a core interval of 0.75m. This high grade sample occurs within a 6.6 m interval grading 268.20 g/t silver, 1.27 % copper, 5.65% zinc and 4.53% lead as announced by press release 16 February 2010.

The drill is currently turning on hole SJ1025 collared 20 m northeast of hole SJ1024. SLAM expects to continue stepping out and potentially expand the deposit in this direction toward the Knowles vein 140m along strike to the northeast. The Knowles vein comprises high grade silver-lead-zinc-copper veins discovered in 1956. Records indicate a forty foot shaft was sunk in 1966 to explore the discovery vein. A 17 ton hand-sorted bulk sample removed from an open pit in 1975 returned 51.05 oz/ton (1750.3 g/t) silver with 14.3% lead and 10.2% copper.

Mike Taylor states, "SLAM is drilling sulphide mineralization northeast from spectacular silver intercepts drilled at Silverjack last winter. The current program is already expanding our knowledge of the deposit and directing us to continue stepping out to the northeast."

To support the drilling program, the Company has been awarded a provincial grant of $35,000 under the New Brunswick Junior Mining Assistance Program. The Silverjack property comprises 63 wholly owned mineral claims plus 13 claims under option for a total of 1290 hectares. This property is located 12 kilometres southwest of the Belledune smelter and seaport and adjacent to SLAM's Nash Creek property comprised of 406 mineral claims covering 6,496 hectares.

Derek F. Brown, P.Geo. and consultant to SLAM, is the Qualified Person responsible for the technical information contained herein. Additional information about Silverjack can be viewed at: www.slamresources.com/projects/new-brunswick/silverjack.

SLAM is a mineral resource company based in Miramichi, New Brunswick. SLAM continues to be active in gold and base metal exploration in Ontario and 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.
Additional information about SLAM can be viewed at http://www.slamexploration.com as well at www.sedar.com.