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SLAM Exploration Ltd. (TSX-V:SXL)
("SLAM") is pleased to announce it has signed an agreement to
retain Brian Jones for the provision of
investor relations services for a 12 month period starting 01 January 2011. Mr. Jones
will interact with a broad spectrum of investors, brokers, fund managers and
other investment professionals directly and through various media channels to
enhance the profile of the Company with particular focus on drilling results
from the Reserve Creek Gold project and the Silverjack
project. In a press release of 17 August 2010,
SLAM reported bonanza grades up to 274 g/t gold over 0.5 m within a 16.85 m
core interval grading 16.45 g/t gold from a diamond drill hole at Reserve
Creek. In December, the Company started a drilling program designed to extend
the strike extent of the bonanza zone. Assays are pending on mineralized
intervals from 9 holes drilled in the current program.
The Company will pay Mr. Jones a monthly retainer of $4,000
for a one-year term, and may renew the agreement by mutual consent. SLAM will
also grant 100,000 incentive stock options to Mr. Jones,
exercisable at a price of $C 0.20 for a period of five years, subject to
regulatory approvals. The options vest in increments of 25,000 every
three months and are exercisable at a price of $0.20
per share for a period of five years. In the event of termination, the
options expire 30 days thereafter.
Mr. Jones owns and operates his investor
relations consulting business and is based out of Bracebridge,
Ontario. Mr. Jones is arm's length to SLAM and
has provided investor relations consulting and support to the resource sector
for over 10 years. Mr. Jones does not currently
own any securities of the SLAM.
Michael R. Taylor, P.Geo.
President and CEO of SLAM, is the Qualified Person responsible for the
technical information contained herein.
SLAM is a mineral resource company based
in Miramichi, New Brunswick
and is actively drilling for gold in Ontario and for silver-copper-lead-zinc
in 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
.
On behalf of the Board
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Mike
Taylor, P. Geo.
President & CEO
SLAM Exploration Ltd.
SEDAR: 00012459E
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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.
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