Honey Badger Silver Signs Definitive Agreement for Additional Thunder Bay Silver Properties Confirms Dominant Position in the Thunder Bay Silver District

Toronto, Ontario – June 10, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has signed the Definitive Agreement (the “Agreement”) with Romios Gold Resources Inc. (“Romios Gold”; CVE: RG) to acquire an 80% interest and control of an additional 1,870 hectares (4,620 acres) in 87 mining claims covering historic silver properties in the Thunder Bay Silver District.  The Agreement succeeds the Letter of Intent entered into by the parties announced on April 27, 2021.

The new claims comprise substantial portions of the historic Victoria Mine and Federal Mine silver properties, plus the Lily of the Valley, Caribou and Cloud Bay prospects.

“This acquisition solidifies Honey Badger Silver’s dominant position in this historic high-grade silver camp and furthers our strategy to create a high-value, high-growth silver company leveraging our regional positioning in world-class silver districts,” said Chad Williams, Executive Chairman.

In consideration for an 80% interest in the project, Honey Badger Silver has agreed to: a) issue shares of the Company to Romios Gold for a value of C$150,000 at a price equal to the volume weighted average price of its common shares, trading on the TSXV for the thirty trading days immediately preceding the date of the transaction’s announcement, subject to the maximum discounted price allowed under the policies of the TSXV and b) free-carry all costs and expenses related to the maintenance and advancement of the project to pre-feasibility.  Immediately after completion of the pre-feasibility study, the parties shall enter into a joint venture agreement to continue advancing the project towards commercial production.

In addition, Romios Gold shall grant a right of first refusal to Honey Badger Silver on its 20% remaining interest, post-transaction.  If any party is diluted to a 10% or less interest in the joint venture, such party’s interest shall be converted to a 2% net smelter return royalty with an option to buyback half for C$ 2,000,000.  For further details, please refer to the aforenoted press release on the Company’s website at www.honeybadgersilver.com.

For more information, please visit our website above, or contact:  Ms. Christina Slater at [email protected].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.  The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Cautionary Note Regarding Forward-Looking Information

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required.

Honey Badger Silver Closes Yukon Silver Asset Purchase

TORONTO, June 8, 2021. Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has closed its previously announced transaction with Strategic Metals Ltd. (“Strategic Metals”; TSX-V: SMD) to acquire a 100% interest in the following three silver-focused advanced properties located in the Yukon Territory, Canada (the “Transaction”):

(1) Plata: lies within the Tintina Gold Belt with geology analogous to the prolific Keno Hill silver district,

(2) Groundhog: falls within a belt of high-grade gold occurrences including the Ketza Mine with very high grade silver in rock samples, and

(3) Hy: covers many high-grade silver occurrences first discovered in the 1960’s (for more information on the Properties, please refer to the Company’s news release dated February 11, 2021).

“This is an important transaction for Honey Badger Silver. Each of these silver properties has the potential to host significant higher-grade silver mineralization. They are advanced, well situated, and have promising geology. We are eager to quickly crystallize value from these silver assets,” said Chad Williams, Executive Chairman of Honey Badger Silver. “This transaction is an example, and merely the beginning, of your management’s efforts to grow Honey Badger into a substantial silver company.”

Transaction Terms 

In consideration for a 100% interest in the Properties, Honey Badger Silver issued to Strategic Metals 34,804,718 common shares in the capital of Honey Badger Silver, representing 19.9% of the issued and outstanding common shares of the Company following the closing of the Transaction, and granted to Strategic Metals the right to participate, on the same commercial terms as other investors, in the next two equity financings undertaken by the Company in order to allow Strategic Metals to maintain its equity position  in Honey Badger Silver.  Strategic Metals will retain a 2% net smelter return royalty on all minerals other than silver to be extracted from the Properties.

The securities issued under the Transaction are subject to a four month hold period expiring on October 5, 2021. The Transaction remains subject to the final approval of the TSX Venture Exchange.

Technical information in this news release has been approved by Heather Burrell, P.Geo., a geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

For more information, please visit our new website at https://www.honeybadgersilver.com. 

Or contact: Ms. Christina Slater at [email protected].

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.

The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. 

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required.

Toronto, Ontario – June 2, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce the appointment of Mr. Brian Briggs, P.Eng., to its Board of Directors.

Chad Williams, Executive Chairman of Honey Badger Silver commented, “Brian is a very well-respected and admired US-based mining executive. His wide-ranging achievements in the mining industry and leadership role in environmental sustainability will add valuable insights into our growth opportunities – especially in the US – as we continue to build Honey Badger Silver into a top-tier silver company.”

Mr. Briggs is a professional mining engineer with a highly accomplished career spanning 30 years in project development, from late-stage exploration and pre-feasibility to design, construction and production for both underground and surface operations.  A sixth-generation mining engineer, he has held a number of senior management roles for domestic and international companies, most recently as Chief Operating Officer for Aurcana Corp., along with Chief Executive Officer of its wholly-owned subsidiary based in Colorado with a focus on restarting an operational, fully permitted precious metals mine.

With a commitment to social license management, Mr. Briggs has spearheaded several historic environmental impact assessments and brown-fields rehabilitation programs. This has resulted in the achievement of such recognitions as the 2019 Colorado Mining Association Environmental Sustainability Award and numerous other awards involving excellence in safety, reclamation and surface mining.

Mr. Briggs holds a Bachelor of Science in mining engineering and a Masters in agricultural engineering from the University of Wyoming.

Update on Timing of Yukon Silver Asset Acquisitions

The Company is also pleased to announce that substantial progress has been made regarding the Definitive Agreement with Strategic Metals Ltd. pursuant to which Honey Badger Silver will acquire 100% of Strategic’s right, title and interest in three advanced silver properties in southeast and south-central Yukon known as the Plata, Groundhog and Hy properties, such that closing is now expected on or before June 15, 2021.  The delay from the previously announced closing was attributed to the Covid-19 pandemic in the collection and execution of all the requisite legal documentation.

Issuance of Options

The Company announces that the Board of Directors has approved the grant of stock options to Mr. Briggs for the purchase of up to 750,000 common shares in the capital of the Company at an exercise price of $0.13 per share.  The grant is pursuant and subject to the terms and conditions of the Company’s existing stock option plan for a period of five years from the date of grant and is subject to the approval of the TSX Venture Exchange and all regulatory approvals.  Chad Williams will continue to serve as Executive Chairman of the Corporation.

Clarification regarding CEO Role

The Company also wishes to clarify that Chad Williams expects to continue to also serve as Interim Chief Executive Officer of the Company for a transitional period as is required to retain a suitable candidate for the position, which process is expected to be completed by September 30, 2021.

For more information, please visit our website above, or contact:  Ms. Christina Slater at [email protected].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Directors,

Honey Badger Silver Inc.

“Chad Williams”

Executive Chairman

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.  The information in this news release and any other information herein that is not a historical fact may be “forward-looking information”.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, but are not limited to, volatility in the trading price of common shares of the Company; risks relating to the ability of the Company to obtain required approvals, complete definitive documentation; ability of the Company to complete further exploration activities; the results of exploration activities; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver’s issuer profile.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Toronto, Ontario – April 27, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has signed a letter of intent (the “LOI”) with Romios Gold Resources Inc. (“Romios Gold”; CVE: RG) to acquire an 80% interest and control of 1,870 hectares (4,620 acres) in 87 mining claims covering additional historic silver properties in the Thunder Bay Silver District.

These new claims comprise substantial portions of the historic Victoria Mine and Federal Mine silver properties, plus the Lily of the Valley, Caribou and Cloud Bay prospects (collectively the “Properties”) see Figure 1.

“These Properties add to Honey Badger Silver’s clear strategic position in this famed historic high-grade silver camp; this latest acquisition is a further illustration of Honey Badger Silver’s strategy to create a high-value/high-growth silver company,” said Chad Williams, Chairman & CEO.  “Importantly, all of our projects are located along trend and within the two primary corridors hosting most of the Thunder Bay Silver District’s richest silver mines.”

LOI Terms

In consideration for an 80% interest in the project, Honey Badger Silver has agreed to: a) issue shares of the Company to Romios Gold for a value of $150,000 at a price equal to the volume weighted average price of its common shares, trading on the TSXV for the thirty trading days immediately preceding the date of the transaction’s announcement, and b) free-carry all costs and expenses related to the maintenance and advancement of the Project to pre-feasibility.  Romios Gold shall grant a right of first refusal to Honey Badger Silver on its 20% remaining interest, post-transaction.  If any party is diluted to a 10% or less interest in the joint venture, such party’s interest shall be converted to a 2% net smelter return royalty (2% NSR).

The transaction is expected to close on or before July 30, 2021.

Qualified Person

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Biczok has extensive experience exploring for a wide variety of ore deposit types across Canada and India, including a silver project in Yukon, and has visited the four most significant silver prospects described in this release.

For more information, please visit our website above, or contact:  Ms. Christina Slater at [email protected].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.

 Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.  The information in this news release about the closing of the Offering (if at all); the demand for Units (if any); the use of proceeds of the Offering; the approval of the TSX Venture Exchange relating to the Offering; and any other information herein that is not a historical fact may be “forward-looking information”.

Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical

fact and may be forward-looking information and are intended to identify forward-looking information.

 This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

 Such factors include, but are not limited to, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

                                                                           Figure 1 – Thunder Bay Silver Position   

Toronto, Ontario – April 8, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has engaged Sharechest™ Inc., an innovative proprietary technology company that empowers issuers to use their existing on-line presence to streamline and simplify communications between management and investors.

As an example, investors that are interested in connecting with Honey Badger Silver on matters relating to its current ‘live’ flow-through financing of $1.5 million previously announced (see press release of March 9, 2021) may do so through the Sharechest Connector on Honey Badger’s website, www.honeybadgersilver.com.

For further information on Sharechest, please visit www.sharechest.io.

Chad Williams is a director and shareholder of  Sharechest™ Inc.

For more information, please visit our new website at https://www.honeybadgersilver.com.

Or contact:  Ms. Christina Slater at [email protected].

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario – March 31, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) announces the resignation of Mr. Ed Baer from the Board of Directors of the Company. The Company would like to sincerely thank Mr. Baer for his contribution and services as a director and wishes him all the best in his future endeavours.

For more information, please visit our website at https://www.honeybadgersilver.com.

Or contact:  Ms. Christina Slater at [email protected].

About Honey Badger Silver Inc.

Honey Badger is a mineral exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver District.  In addition, the Company has a binding letter of intent over three silver properties in southeast and south-central Yukon. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Toronto, Ontario – March 23, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) announces that the Board of Directors has approved the grant of stock options to directors, officers, employees and consultants of the Company allowing for the acquisition of up to, in the aggregate, 6,175,000 shares of the Company. The grant is pursuant and subject to the terms and conditions of the Company’s existing stock option plan.  The options are exercisable at a price of $0.12 per share for a period of five years from the date of grant and are subject to the approval of the TSX Venture Exchange and all regulatory approvals.

For more information, please visit our new website at https://www.honeybadgersilver.com.

Or contact:  Ms. Christina Slater at [email protected].

About Honey Badger Silver Inc.

Honey Badger Silver is a silver-focused company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver District.  In addition, the Company has a definitive agreement over three silver properties in southeast and south-central Yukon (see news release dated February 11, 2021 for more details).  The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.   

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Toronto, Ontario – March 18, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has closed the non-brokered private placement offering (the “Private Placement” or the “Financing”) announced on February 18, 2021.  The over-subscribed private placement resulted in the issuance of 42.86 million units for aggregate gross proceeds of $3,000,000.

Each Unit was priced at $0.07 and consists of one (1) common share in the capital of the Company (“Common Share”) and one-half of one (0.5) Common Share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant entitles the holder to acquire one (1) additional Common Share at a price of $0.10 for a period of three years from the date of closing of the Financing.

Mr. Eric Sprott through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 14,285,714 Units pursuant to the Private Placement for total consideration of $1,000,000.

Prior to the Offering, Mr. Sprott beneficially owned or controlled 2,500,000 common shares and 2,500,000 Warrants of the Company. Following the closing of the Private Placement, Mr. Sprott beneficially owns or controls 16,785,714 common shares of the Company and 9,642,857 Warrants, representing approximately 12.2% of the issued and outstanding shares of the Company on a non-diluted basis and approximately 17.9% of the issued and outstanding shares of the Company on a partially diluted basis assuming exercise of the Warrants.

The Units were acquired by Mr. Sprott for investment purposes.  Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.

A copy of the applicable early warning report will appear on the Company’s profile on SEDAR and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

Chad Williams, Chairman of Honey Badger Silver acquired 10% or 4,285,714 Units pursuant to the Private Placement for total consideration of $300,000. Mr. Williams voluntarily reduced his subscription to accommodate the high demand from other investors. He now owns or controls 13,610,714 Common Shares or approximately 9.9% of the outstanding Honey Badger shares on an undiluted basis and approximately 16.5% on a partially diluted basis assuming the exercise of Warrants.

The securities issued and issuable pursuant to the Financing will be subject to a four month and one day hold period.  The Company intends to use the net proceeds from the financing to advance exploration work on its Thunder Bay Silver portfolio and for general working capital purposes.  The Private Placement remains subject to TSX Venture Exchange (the “TSXV”) final acceptance.

Closing was concurrent with the execution of the definitive agreement relating to the acquisition of the Hy, Groundhog and Plata properties located in southeast and south-central Yukon from Strategic Metals Inc. (see news releases dated March 15 and February 11, 2021 for more details).

Live Flow-through Private Placement

Investors interested in participating in the previously announced live flow-through private placement equity financing anticipated to close on or before March 25, 2021 are requested to contact the Company at [email protected].

For more information, please visit our new website at https://www.honeybadgersilver.com.

Or contact:  Ms. Christina Slater at [email protected].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Honey Badger Silver Inc.

Honey Badger Silver is a silver-focused company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver District.  In addition, the Company has a definitive agreement over three silver properties in southeast and south-central Yukon (see news release dated February 11, 2021 for more details).  The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.  The information in this news release about the closing of the Offering); the demand for Units; the use of proceeds of the Offering; the approval of the TSX Venture Exchange relating to the Offering; and any other information herein that is not a historical fact may be “forward-looking information”.

 Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Toronto, Ontario – March 15, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it signed a definitive agreement (the “Agreement”) on March 12, 2021 with Strategic Metals Ltd. (“Strategic Metals”; TSX-V: SMD), pursuant to which Honey Badger Silver has agreed to acquire 100% of Strategic Metals’ right, title and interest in three advanced silver-focused properties located in southeast and south-central Yukon, Canada (the “Acquisition”). The Agreement follows the announcement of a letter of intent between the parties regarding the Acquisition (please refer to the Company’s news release dated February 11, 2021 for more details).

The properties comprise the Plata, Groundhog and Hy, each located in proximity to major historical silver camps or workings and at such a stage as to be reasonably considered cost-effective to further advance (please refer to the Company’s press release of February 11, 2021 for property details).

Chad Williams, Chairman of Honey Badger Silver commented, “The Yukon properties present a stellar complement to our Thunder Bay portfolio and position the Company to be a top-tier silver pure play vehicle for exceptional growth.”

In consideration for 100% interest in the properties, Honey Badger Silver has agreed to issue to Strategic Metals 34,762,104 common shares in the capital of Honey Badger Silver, being 19.9% of the issued and outstanding common shares of the Company after the closing of the previously announced unit offering (the “Offering”) for gross proceeds of $3 million (see news release dated February 18, 2021), which is a condition precedent of the Acquisition, and the closing of the Acquisition.

The Acquisition is expected to close on or before April 30, 2021.  The Acquisition and Offering remain subject to the approval of TSX Venture Exchange.

For more information, please visit our new website at https://www.honeybadgersilver.com.

Or contact:  Ms. Christina Slater at [email protected].

About Honey Badger Silver Inc.

Honey Badger Silver is a silver-focused company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver District.  In addition, the Company has an Agreement over three silver properties in southeast and south-central Yukon (see news release dated February 11, 2021 for more details).  The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.  The information in this news release about the closing of the Acquisition; the approval of the TSX Venture Exchange relating to the Acquisition; and any other information herein that is not a historical fact may be “forward-looking information”.

Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, the Company’s ability to complete the Offering and the Acquisition; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver’s issuer profile.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario – March 9, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce a non-brokered flow-through equity financing for aggregate proceeds of $1.5 million (the “Flow-Through Offering”). The Flow-Through Offering will consist of 10 million shares (the “Flow-Through Shares”) that qualify as flow-through shares for purposes of the Income Tax Act (Canada), at a price of $0.15 per Flow-Through Share.

The Flow-Through Offering is in addition to the previously announced non-brokered private placement of February 18, 2021 for aggregate gross proceeds of $3,000,000 which is expected to be closed concurrently with the Flow-Through Offering.

The Flow-Through Shares will be offered to “accredited investors” under National Instrument 45-106 – Prospectus Exemptions.

The gross proceeds raised from the sale of the Offering will be used by Honey Badger Silver to fund exploration programs on its Thunder Bay District properties that qualify as “Canadian Exploration Expenses” (“CEE”) and, once renounced, shall qualify as “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), and as “eligible Ontario mining expenditures” within the meaning of s. 103(4) of the Taxation Act (2007).

The closing of the Flow-Through Offering is expected to occur on or before March 25, 2021 (the “Closing Date”) and is subject to the completion of formal documentation and receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The Flow-Through Shares to be issued under the Offering will be subject to a statutory hold period of four months and one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For more information, please visit our new website at https://www.honeybadgersilver.com.

Or contact:  Ms. Christina Slater at [email protected].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Honey Badger Silver Inc.

Honey Badger Silver is a mineral exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario including an expansive interest in the Thunder Bay Cobalt-Silver District.  In addition, the Company has a binding letter of intent over three silver properties in southeast and south-central Yukon (see news release dated February 11, 2021 for more details).  The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release.  The information in this news release about the closing of the Offering (if at all); the demand for Units (if any); the use of proceeds of the Offering; the approval of the TSX Venture Exchange relating to the Offering; and any other information herein that is not a historical fact may be “forward-looking information”.

 Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.