Mr. Dorian Nicol reports

HONEY BADGER SILVER ANNOUNCES DIRECTOR RESIGNATION

W. Douglas (Doug) Eaton has resigned from Honey Badger Silver Inc.'s board of directors, effective today, to pursue other business interests.

Dorian L. (Dusty) Nicol, the company's chief executive officer, said: "We thank Doug for his advice and counsel while he served as director of the company. We are in advanced discussions with several high-quality potential replacements and expect to make an announcement shortly."

About Honey Badger Silver Inc.

Honey Badger is a silver company. The company is led by a highly experienced leadership team with a record of value creation backed by a skilled technical team. Its projects are located in areas with a long history of mining, including the Sunrise Lake project, with a historic resource of 26.7 million ounces of silver (1) (3) located in the Northwest Territories and the Plata high-grade silver project located 165 kilometres east of Yukon's prolific Keno Hill. The company also has a significant landholding at the Nanisivik mine area located in Nunavut, Canada, that produced over 20 million ounces of silver between 1976 and 2002 (2, 3).

(1) Sunrise Lake 2003 RPA historic resource: indicated 1,522,000 tonnes grading 262 grams per tonne silver, 6.0 per cent zinc, 2.4 per cent lead, 0.08 per cent copper and 0.67 gram per tonne gold and inferred 2,555,000 tonnes grading 169 grams per tonne silver, 4.4 per cent zinc, 1.9 per cent lead, 0.07 per cent copper and 0.51 gram per tonne gold. This represents contained silver of approximately 12.8 million ounces indicated and 13.9 million ounces inferred.

(2) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley Type Deposit, Northern Baffin Island, Nunavut, by Patterson and Powis."

(3) A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource, and the company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling/sampling, will be required to verify the estimate as a current mineral resource.

We seek Safe Harbor.