Mr. Chad Williams reports

HONEY BADGER APPOINTS NEW CFO AND CORPORATE SECRETARY

Honey Badger Silver Inc. has appointed Rob Suttie as chief financial officer. The appointment becomes effective June 5, 2025. The company has also appointed Monique Hutchins as corporate secretary.

Mr. Suttie is the president of Marrelli Support Services, bringing with him almost 30 years of financial reporting experience, 10 of which were in public accounting prior to his tenure with Marrelli. He specializes in management advisory services, accounting and the financial disclosure needs of Marrelli's public client base. In this capacity, Mr. Suttie also serves as CFO or director for a number of TSX Venture Exchange- and Canadian Securities Exchange-listed companies.

The company's executive chairman, Chad Williams, commented: "We are pleased to welcome Rob and Monique to the Honey Badger management team. Their experience will be invaluable as we progress toward our objective of being a leading silver company. We thank Dan O'Brien and Ben Meyer for their efforts on behalf of the company."

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 (and 201.3 million pounds of zinc) indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) inferred (2) 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 territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (1). 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 (3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources, and the company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling/sampling, will be required to verify any of the historical estimates as a current mineral resources.

(1) Clear Lake 2010 SRK historic resource: inferred 7.76 million tonnes grading 22 grams per tonne silver, 7.6 per cent zinc and 1.08 per cent lead.

(2) 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.

(3) 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."

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