Mr. Chad Williams reports

HONEY BADGER SILVER APPOINTS MICHAEL JALONEN TO BOARD OF DIRECTORS

Honey Badger Silver Inc. has appointed Michael Jalonen, who has served as a trusted long-time adviser to the company, to its board of directors.

Mr. Jalonen brings 34 years of capital markets expertise, including 33 years with Bank of America Securities (1989 to 2022), where he was consistently ranked as one of world's leading precious metals mining analysts. Mr. Jalonen covered 20 companies in the North American senior, mid-tier, and intermediate gold and silver producer sector and five senior precious metal royalty and streaming companies. His independent studies on publicly traded companies, gold and silver prices, and the precious metals sector were well recognized by investors and mining companies globally. Throughout his career, he travelled globally conducting on-site tours of well over a hundred mining projects.

Chad Williams, executive chairman and interim chief executive officer, commented: "We are very fortunate to add Mr. Jalonen to our board. His experience in the global precious metals space is extensive. He is widely respected, including by many institutional investors, because of his very solid track record of success analyzing precious metal companies for decades. Mr. Jalonen was instrumental in the idea of Honey Badger acquiring the Nanisivik claims, as well as providing many other value-added insights, since he joined as an adviser several years ago."

Prior to BofA, Mr. Jalonen was junior mining analyst for Dean Witter Canada for one year (1988 to 1989). Mr. Jalonen also worked for 1.5 years as a corporate development analyst with Somicom Mining (1986 to 1988) and as a junior geologist at Nanisivik Mines (summers of 1980 to 1983). He holds an honors, BSc, geology, from University of Windsor (1982) and an MBA from McMaster University (1986). He was awarded the CFA designation in 1992.

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 of silver at a grade of 262 grams per tonne silver (and 201.3 million pounds of zinc at a grade of 6 per cent zinc) indicated and 13.9 Moz of silver at a grade of 169 g/t silver (and 247.8 million pounds of zinc at a grade of 4.4 per cent zinc) inferred located in the Northwest Territories and the Plata high-grade silver project located 165 km 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 an unclassified historic resource of 5.5 Moz of silver at a grade of 22 g/t silver and 1.3 billion pounds of zinc at a grade of 7.6 per cent zinc. The company also has a significant land holding at the Nanisivik mine area located in Nunavut, Canada, that produced over 20 Moz of silver between 1976 and 2002. 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.

We seek Safe Harbor.