Mr. Dorian Nicol reports

HONEY BADGER STRATEGICALLY ADDS TO LAND POSITION AT PLATA, YUKON; IMPORTANTLY IDENTIFIES NEW "RIRGS" (ROGUE) TYPE TARGET

Honey Badger Silver Inc. has acquired additional claims adjacent to its wholly owned Plata project in Yukon. Recent compilation work on the company's Plata project has confirmed similarities to the adjacent exciting Rogue project owned by Snowline Gold. Rogue appears to be one of the most exciting and potentially one of the largest recent mineral discoveries anywhere in the world.

Dorian L. (Dusty) Nicol, Honey Badger's chief executive officer, commented: "Plata hosts spectacular high-grade silver mineralization, traditionally interpreted as a Keno Hill analogue. Recent mapping and compilation work confirm the similarity of Plata geology to the geologic setting at Snowline Gold's adjacent Rogue project where, about 30 kilometres east of Plata at the Valley discovery, recent drilling has intersected exceptional gold intercepts such as 2.48 g/t [grams per tonne] Au [gold] over 553.8 metres. Geologic mapping during the last field season led to our current interpretation of Plata as being related to the same style of mineralization (reduced intrusion-related gold system (RIRGS)) as at Valley. Our observations at Plata fit into a mineralization zoning model, indicating that surface vein mineralization at Plata is the periphery of a RIRGS mineralizing system. This significantly expands the discovery potential at Plata. Our new claims cover a geophysical magnetic low, which we interpret as representing a possible buried intrusion that fed the mineralizing system."

The new claims are adjacent to the Plata project, comprise 69 individual claims covering 1,430 hectares, and cover the heart of the geophysical magnetic low.

The claims were staked by ECEE Money Ltd., a private corporation controlled by W. Douglas Eaton, a former director of Honey Badger, with the concurrence and knowledge of Honey Badger. ECEE has transferred ownership of the claims to Honey Badger at no cost, subject to a 2-per-cent net smelter royalty (NSR) on future commercial gold production. The NSR applies only to gold.

Qualified person

Technical information in this news release has been approved by Mr. Nicol, the company's chief executive officer, PG, FAusIMM, who is a qualified person (QP) for the purpose of National Instrument 43-101.

About Honey Badger Silver Inc.

Honey Badger Silver 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. The company's projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 million ounces (Moz) of silver indicated and 13.9 Moz of silver inferred located in the Northwest Territories, and the Plata high-grade silver project located 165 kilometres east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The company's Clear Lake project in the Yukon has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc. The company also has a significant landholding at the Nanisivik mine area located in Nunavut, Canada, that produced over 20 Moz of silver between 1976 and 2002.

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