Agoracom

SLAM is drilling massive zinc sulphides at its wholly owned Nash Creek Project located in Lorne, 25 km west of the Belledune smelter and seaport in northern New Brunswick, Canada. The Nash Creek zinc-lead-silver deposit comprises an indicated resource of 3.24M tonnes with an additional inferred resource of 2.69M tonnes as reported with 43-101 compliance in July 2007. This zinc-lead-silver deposit, sitting at the western edge of a large mineralized system, has the potential to expand to 20 million tonnes or greater.

SLAM has drilled 100 holes since the resource estimate of July 2007. This successful 10,000 metre drilling program discovered a new zone of near-surface mineralization that has extended the strike length of the deposit from 900 to 1400 metres. This new zone is an extension of the Hickey zone located near the north end of the deposit. Drilling continues on a 25 X 50 metre pattern with a new 10,000 metre contract for 2008.

The Hickey Zone was first intercepted by SLAM in Hole NC07-45 with 32.5m of 2.24% Zn, 0.80% Pb, 24.2g/t Ag. The find is further confirmed by holes such as NC07-55 with 11.75m grading 6.67% zinc, 2.59% lead, 41.38 g/t Ag and NC07-68 with 40.97m grading 2.21% zinc, 1.84% lead, 24.27 g/t silver. Assays are pending on 25 additional holes.

The near-surface mineralization at Nash Creek is amenable to open pit mining methods. SLAM recently reported metallurgical results that predict zinc recoveries of 90%. A conceptual 3,000 tonne per day mining operation producing ore containing 4% zinc with a recovery of 90% would generate 238,000 pounds of zinc per day. A feasibility study would be required to confirm the economic viability of this operation.

SLAM’s current objectives for the Nash Creek Project are:

1. To continue to expand the tonnage by drilling;

2 To update the resource estimate with a new 43-101 technical report;

3. To complete a scoping study to determine the economic viability of this deposit;