SLAM to Attend Mineral Exploration Roundup, Vancouver

TSXV: SXL US-OTC: SLMF

SLAM To Participate In Mineral Exploration Roundup

B o n a n z a Gr a d e Go l d S a m p l e s F r o m N e w G o l d D i s c o v e r y O n D i s p l a y

For Immediate Release January 20, 2012 Miramichi, New Brunswick - SLAM Exploration Ltd. (TSXV: SXL) (US-OTC: SLMF) ("SLAM") is pleased to announce it will attend the Vancouver Mineral Exploration 2012 Roundup Conference, presented by the Association for Mineral Exploration BC (AME BC) at the Westin Bayshore in Vancouver. Attendees are invited to visit the New Brunswick exhibit in the Chehalis room to view SLAM's display of high grade copper-zinc-lead-silver drill core from Nepisiguit as well as bonanza grade gold samples from the NW Gold project.

The New Brunswick exhibit will run from January 23rd-26th in the Chehalis room at the Westin Bayshore, Vancouver. This exhibit is part of a global mining conference that features Technical Sessions, Short Courses, Poster Session, Core Shack, Prospectors' Tent and Map Tent. SLAM is proud to be a participant in this world-class event.

About SLAM Exploration Ltd:

SLAM is a mineral resource company based in Miramichi, New Brunswick and currently has assays pending from a 14,000 m drilling program on its wholly owned Nepisiguit silver-copper-lead-zinc deposit in New Brunswick. SLAM recently announced grab samples up to 493 g/t gold from trenching on its new discovery on the NW Gold project. NW Gold is part of a significant gold portfolio that also includes the Reserve Creek gold deposit in Ontario. Additional information about SLAM and its projects is available at www.slamexploration.comor 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

For further information:

SLAM Exploration Ltd.

Brian Jones, Investor Relations; Toll Free: 855.800.6109

Toronto: 647.729.1436

[e-mail]

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.