Mr. Dorian Nicol reports

HONEY BADGER SILVER UPSIZES NON-BROKERED PRIVATE PLACEMENT

Further to Honey Badger Silver Inc.'s news release of March 20, 2024, it is increasing the size of its previously announce offering. Up to an additional 3,076,923 flow-through shares will be issued in the offering at a price of 6.5 cents for additional aggregate gross proceeds of up to $200,000. These additional proceeds will be used to finance exploration programs on one or more of the company's exploration properties located in Yukon, the Northwest Territories and Nunavut that will qualify as Canadian exploration expenses and, once renounced, flow-through mining expenditures, as those terms are defined in the Income Tax Act (Canada). All dollar amounts are in Canadian funds.

The securities issued in connection with the offering will be subject to a four-month-and-a-day hold period. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Finder's fees will be payable in the offering.

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. Its 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 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 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.

We seek Safe Harbor.