MIRAMICHI, NB, Mar 4, 2008 -- SLAM Exploration Ltd. (TSX-V: SXL) ("SLAM") welcomes the addition of E.M. (Ted) Yates, P. Eng. to its Board of Directors effective 03 March 2008.
"Mr. Yates brings a profound knowledge of metal markets and mineral economics. He will be a key source of expertise as SLAM advances its Nash Creek zinc deposit to the feasibility and potential development stage"; said Mike Taylor, President and CEO of SLAM.
Mr. Yates, a Metallurgical Engineer, has 4 decades of experience at Cominco (now Teck-Cominco), where his main focus was mineral economics, he held the position of Director, Market Research. He has a wealth of hands on knowledge of mineral economics with respect to concentrates and metal markets as they relate to global economic trends. He has done market analysis for sale of product, market research for loan agreements and syndications, corporate strategy studies for the Cominco Board and investor relations with presentations to fund managers, etc. He has in depth knowledge of base, precious and specialty metals.
Ted has served on various boards including: Industry Advisory to International Lead/Zinc Study Group, Industry Advisor to International Nickel Study Group; Council of World Bureau of Metal Statistics and Chairman, Cominco Mine supply Committee (Zinc & Lead). For 13 years he wrote the zinc article for the annual E&MJ outlook issue.
Mr. Yates role on the SLAM team is to advise on corporate development strategy with respect to gold and base metals with emphasis on taking the expanding Nash Creek zinc-lead-silver deposit into production. As reported 10 July 2007, the deposit comprises 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. Since the resource calculation, SLAM has drilled 115 holes at Nash Creek with assays pending on 35 holes. Additional information including maps and core pictures from the Nash Creek deposit are available for viewing on the SLAM website at http://www.slamresources.com/index.cfm?page=projects-NashCreek
The Corporation has issued stock options to Mr. Yates and to certain employees to purchase an aggregate of 275,000 common shares with an exercise price of $0.13 expiring on 03 March 2013.
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.
Corporate Inquiries:
Mike Taylor
President & CEO
(506) 627-1353
http://www.slamexploration.com
Investor Relations:
Bob Smylie
Toll Free: (866) 523-6719
Direct: (604) 224-4945
AGORACOM Investor Relations:
http://www.agoracom.com/IR/slamexploration
SXL@agoracom.com
