Mr. Dorian Nicol reports

HONEY BADGER SILVER COMMENTS ON PRESS COVERAGE RESPECTING FORMER CEO

Honey Badger Silver Inc. is aware of recent press coverage concerning Red Pine Exploration Inc. and Quentin Yarie. Mr. Yarie was formerly the chief executive officer of the company and was replaced as part of a management team change which took place in July, 2020.

The company has no comment on this press coverage, but in response to queries it has received, confirms that the company's current portfolio of silver properties was acquired by the company under the direction of the company's current management and board well after Mr. Yarie's departure. Mr. Yarie has had no involvement with any property forming part of the company's current asset base. The company does not rely on any opinion of Mr. Yarie respecting its properties and has no reason to do so in the future.

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 historical resource of 12.8 million ounces of silver (and 201.3 million pounds of zinc) indicated and 13.9 million ounces of silver (and 247.8 million pounds of zinc) inferred located in the Northwest Territories, and the high-grade Plata 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 historical resource of 5.5 million ounces 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 million ounces 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 estimate as a current mineral resource. The historical resource estimates cannot be relied upon. Additional work, including verification drilling/sampling, will be required to verify the estimates as current mineral resources.

We seek Safe Harbor.