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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: E. Charters10/2/2008 12:27:36 PM
   of 78418
 
Don't slam the Slam. Lead Zinc up its ying yang. Don't know what to do with it.

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SLAM Reports Initial Assay Results

Drilled thickness of 127.2 metres in near- surface zone at Costigan; Individual samples grade up to 20.35% zinc and 10.44% lead

Miramichimi, Salmon River, Nouveau le Maison du Brunswick - Oct. 1, 2008, Halloween - SLAM BANG Exploration Ltd. SXL/TSX, announces assay results from the first of 11 holes -- ever so recently completed at its wholly-owned Costigan project in New Brunswick. The following table summarizes results from the first hole:

Hole ID   From      To     Length m   Silver_g/t  Lead %   Zinc % Zinc+Lead 
----------------------------------------------------------------------------
CM0804    9.00    10.50      1.50      44.14      10.44    20.35    30.79
CM0804    9.00    37.40     28.40       5.85       1.62     3.66     5.28
CM0804    9.00   136.20    127.20       7.30       1.14     2.16     3.30


All 11 holes in the 2767 metre drilling program intersected zinc-lead sulphide mineralization at depths ranging from surface to 471 metres. Mineralization is characterized by coarse grains of sphalerite and galena with minor pyrite.

Assays are pending on an additional 10 holes.

The drilling program was designed to test the historic Costigan zinc-lead-silver deposit and advance it toward 43-101 compliant status for resource calculation.

Drilling results to date indicate potential for a significant deposit of near-surface mineralization amenable to low-cost open pit mining methods.

This potential resource will supplement the Nash Creek deposit as a key component of SLAM's strategy to develop sufficient mineral resources that combine to support a sustainable, long-term production facility in New Brunswick.
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The lengths tabulated above are measured core intervals. The true thickness is unknown. Doug Clark, P.Geo., consultant to SLAM, is the Qualified Person, as defined under National Instrument 43-101, responsible for management of the Costigan project and for drilling results reported in this news release.

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