Tau

I have a little gold,polymetalic play I like..

Called SLAM EXPLORATION..SXL..

I got into it a few years ago at .14 and just kept an eye on it over the years and basically forgot about it..I bought a scad more of it when no one wanted it at .02..and I sucked up a whack and tucked it away..

Today with the News Release it won't stay at .17 too long...

Not much stock out and $5 mill in the bank..May be worth a look..

Nice results here today..Wish PDG could come up with some drill grades like this..we would not be wimpering along at .30...

Portee

SLAM CUTS 9.02 G/T GOLD OVER 15.1 M CORE INTERVAL

Including High Grade Gold Intercepts Up To 47.69 g/t Gold Over 0.5 m

MIRAMICHI, NB, Jan. 20 /CNW/ - SLAM Exploration Ltd. (TSX-V:SXL) ("SLAM") is pleased to announce assays grading up to 47.69 g/t gold over 0.5 m from 3 holes RS10-20 to 22 at its wholly owned Reserve Creek gold project in the Fort Hope gold area of Ontario. This bonanza grade intercept occurs within a 15.10 m core interval grading 9.02 g/t gold at a depth of 100.9 m in hole RS10-21. Selected assay results are tabulated as follows:

The core intervals described are drilled intervals. True thicknesses are unknown. Hole RS10-20, 21 and 22 were drilled at dips of 60, 70 and 45 degrees respectively from one site 15 m west of previous hole RS10-16. Hole RS10-16 cut a 16.85 m core interval grading 16.45 g/t gold and contains individual samples of bonanza gold grading up to 274 g/t gold over 0.5 m (news release 17 August 2010). Assays are pending on 3 additional holes RS10-23 to 25 drilled more than 200 m west of RS10-16.

SLAM is participating in the World Resource Investment Conference at the Vancouver Convention Centre, West on 23 - 24 January 2011 with an exhibit in Booth 800. The display incudes high grade core showing visible gold from hole RS10-21. President Mike Taylor is scheduled to do a Corporate Presentation at 12:10 PM on Monday 24 January in Workshop Room 4.

SLAM has drilled 2 holes since activity resumed at Reserve Creek 16 January 2011. Logging and sampling are in progress on these holes RS11-26 and RS11-27 intersected the mineralized zone above and below hole RS10-25. The Company has $5.2M cash in the treasury and expects to expand the drilling program well beyond the current 2,000 m contract.

All drill cores were delivered from the drill sites to a facility in Fort Hope for logging and sampling. Selected cores were split or sawn with half retained for reference. Sampled halves were shipped to Accurassay in Thunder Bay for gold assay. Standards and blanks were inserted in the sample batches to augment the Quality Assurance and Quality Control program utilized by the laboratory. Michael R. Taylor, P.Geo. President and CEO of SLAM is the Qualified Person responsible for the technical information contained herein.

About Reserve Creek Gold Project:
SLAM's wholly owned Reserve Creek gold project encompasses a 4608 hectare block of 22 claims located near Fort Hope, Ontario. Reserve Creek is part of a large and valuable land package with an expanding inventory of gold deposits centered around Fort Hope approximately 150 km east of the former gold mining town of Pickle Lake. The large greenstone belt surrounding Fort Hope has many similarities to the prolific Red Lake gold mining camp and has potential to be a major gold producing area. The Red Lake, Pickle Lake and Fort Hope gold areas are part of the Uchi subprovince, a major system of greenstone belts extending from Lake Winnipeg to the Hudson Bay lowlands.

Reserve Creek drilling activities are progressing in consultation with Eabametoong First Nation ("EFN") in accordance with a recently signed Exploration Agreement. This Agreement calls for EFN and SLAM to work cooperatively to advance the gold potential of Reserve Creek and other SLAM projects in the Fort Hope area of Ontario.

About SLAM Exploration Ltd:
SLAM is a mineral resource company based in Miramichi, New Brunswick and is currently 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.