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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.

Private Placement With Significant Participation by Mr. Eric Sprott and Management

Toronto, Ontario – February 18, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce a non-brokered private placement financing of up to 42.86 million units at $0.07 per unit (“Unit”) for gross proceeds of up to $3,000,000 (the “Offering”). Each Unit will consist of one common share of Honey Badger Silver and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant will entitle the holder to acquire one additional common share of Honey Badger Silver at an exercise price of $0.10 for a period of three years from the date of closing of the Offering.

Mr. Eric Sprott has confirmed his intention to subscribe for 14.29 million Units in the Offering for total gross proceeds to the Company of $1,000,000. This would bring his total ownership in Honey Badger Silver to approximately 12% on an undiluted basis.

Chad Williams, Chairman of Honey Badger Silver, intends to subscribe for 21.43 million Units for total gross proceeds to the Company of $1,500,000. This would bring his total ownership in Honey Badger Silver to approximately 25% on an undiluted basis.

The net proceeds from the financing will be used to advance exploration work on the Company’s Thunder Bay Silver portfolio and for general working capital purposes.

The Offering is expected to close on or about March 12, 2021 concurrently with the execution of the definitive agreement relating to the acquisition of the Hy, Groundhog and Plata properties from Strategic Metals Inc. (see February 11, 2021 news release for more details). The Offering is conditional upon receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.

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 Securities 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 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.

Toronto, Ontario – February 11, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has signed a binding letter of intent (the “LOI”) 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:

(1) Plata: analogous geology to prolific Keno Hill silver district in the Yukon,

(2) Groundhog: higher-grade silver values reported, and

(3) Hy: demonstrated potential for high-grade silver.

“These property acquisitions have the potential to provide substantial silver upside on a per-share basis for our shareholders”, said Chad Williams, Chairman of Honey Badger. “Each of these three properties offers as much as or greater exploration upside than our current Thunder Bay portfolio which is itself very prospective for higher-grade silver.”

Ed Thorose (VP Corporate Development) and I have extensive experience in the Yukon gained during our time at Victoria Gold Corp. (TSX: VGCX). The Yukon is a great place to work given its rich mining history and substantial untapped mineral endowment. In addition, we are very pleased to partner with Strategic Metals and Archer, Cathro & Associates (1981) Limited, well-recognized as quality leaders in Yukon exploration.

Each of these properties has a very low holding cost, is at a stage where they can be advanced for relatively low amounts of money, and is located near major historical silver camps or workings” said Mr. Williams. “With the acquisition of these properties, we are executing on our goal of becoming one of the preeminent pure play silver investment vehicles with leverage to a growing and diversified portfolio of top tier silver assets”.

The Properties

Plata – Plata lies within the Tintina Gold Belt and displays many similarities to the Keno Hill Silver Camp located about 180 km to the west. The Keno Hill Silver Camp is Canada’s second largest primary producer of silver with production from approximately thirty-five vein deposits between 1913 and 1989. A reported 2,041 tonnes of hand sorted material were shipped from high grade veins on the Plata property to a smelter, yielding about 9,020 kg (290,000 ounces) of silver; this equates to a recovered silver grade of approximately 4,420 grams per tonne (g/t) silver (Turner, 2009).

Groundhog – Silver mineralization was first discovered in the road-accessible Groundhog area in 1956. Since that time over one hundred showings have been discovered in the district by various operators. One of these showings was bulk sampled in 1988 and 1995. This work resulted in the removal of 52.5 tonnes grading approximately 3,800 g/t silver. A rock sample from the property returned 11,663.5 g/t silver (Kammerer and Turner, 2010).

Hy – The road accessible Hy property covers many silver occurrences that were first discovered on the property in 1964. Three mineralized zones were the primary focus of past exploration with the areas between them essentially unexplored. Bulldozer trenching uncovered a chip sample that yielded 370.3 g/t silver over 3.2 metres (Mitchell, 2015).

Additional details about these properties can be found on the Strategic Metals website (http://www.strategicmetalsltd.com)

LOI Terms

In consideration for a 100% interest in the Properties, Honey Badger has agreed to issue to Strategic Metals common shares in the capital of Honey Badger equal to 19.9% of the issued and outstanding common shares of the Company, and grant to Strategic Metals the right to participate on the same commercial terms as other investors in three equity financings undertaken by the Company such that Strategic’s shareholding in Honey Badger upon the closing of such financings will be equal to its Honey Badger shareholding prior to the equity financings. Strategic Metals will retain a 2% net smelter royalty on minerals other than silver.

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

The Management of Honey Badger intends to participate in at least 50% of a $3 million contemplated concurrent financing subject to terms defined in the Definitive Agreement which is anticipated to be completed prior to March 12, 2021.

Other

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.

References:

Kammerer, M. and Turner, M., 2010. Assessment Report Describing Geological Mapping, Prospecting, Hand Trenching and Geochemical Sampling at the Groundhog Property; Assessment Report 095171.

Mitchell, A., 2015. Geochemical Sampling, Prospecting, Geological Mapping and Ground Surveys at the Hy Property; Assessment Report 096789.

Turner, M., 2009. Assessment Report Describing Diamond Drilling, Excavator Trenching, Geochemical Sampling and Prospecting at the Plata Project; Assessment Report 095669.

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”.

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.

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 by law.

The Company’s Thunder Bay Silver Project is located a short 20-minute drive from the City of Thunder Bay which serves as a hub for much of the mining and mineral exploration in northwestern Ontario.

The Thunder Bay Silver District is a prime setting for high-grade polymetallic silver (as well as cobalt, gold, zinc and lead) mineralization. Bonanza-grade silver veins were discovered in the 1840’s and over five million ounces of silver were produced up to 1900s when the price of silver crashed. Importantly, the district has geologic similarities to the world-class Cobalt Silver Camp in north-eastern Ontario, one of the most productive silver districts in the world with 442 million ounces of silver produced. Despite these similarities, since mining activities ceased in the late 1800’s, the Thunder Bay Silver District remains largely unexplored by modern exploration techniques.

A small and isolated diamond drilling program completed in the 1960s by Arjon Gold Mines Ltd. down-plunge of historic workings at the Beaver Mine, returned 1,239 g/t Ag over 1 metre (Arjon Gold Mines Ltd., 1963, Work Report No. 12, AFRI 52A05SE0027, 11p.). The Beaver Silver Mine is the third largest silver mine in the district which produced 500,000 ounces of silver at an average grade of 0.26% silver. (Szetu, 1969)

Additional high-grade silver intercepts returned from Honey Badger’s 2018-2019 drill program at the historic Beaver vein workings, which remain open down plunge include:

BM-18-004: 921 g/t Ag over 1.4 m (new vein)
BM-18-006: 682 g/t Ag over 2.4 m, including 1,254 g/t Ag over 1. 2m
BM-19-014: 1,004 g/t Ag over 4.0 m (new vein) including 1,674 g/t Ag over 2.4 m
Hole BM-19-014 also intersected a second silver-bearing vein that returned 69.2 g/t silver over 1.8 m indicating likelihood of more silver veins in the vicinity of the Beaver Mine

Lateral extensions of a number of additional historic mine workings remain to be tested at the Beaver Silver Property, including the Stewardson Mine, Elgin Mine and Black Fox Mine.

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

For more information, please visit our website at http:// http://www.honeybadgerexp.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.

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 by law.

Toronto, Ontario – February 1, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to provide a message to shareholders from the Chairman and Interim CEO, Mr. Chad Williams regarding the Company’s recent progress and plans to create value for shareholders in 2021 and beyond.

“2020 was a transition year for the Company,” said Chad Williams. “We gained a complete new Board and management team. An equity offering was completed bringing new and notable investors to the Company. The Company further added to its dominant land position in the prolific Thunder Bay Silver District: our property portfolio now consists of 959 claims and 7 mining patents covering 12 past-producing, high-grade silver mines with aggregate historic production of 1.7 million ounces of silver encompassing approximately 20,000 hectares of ground (Figure 1). We even added ‘Silver’ to our name to make sure our focus was unambiguous. As the owner of over 20% of the shares of TUF (fully diluted basis), I am very proud to state that the Company has never been better positioned to benefit from its substantial land position in what is a high-grade silver district that remains largely unexplored by modern exploration techniques.”

2021 Outlook

The Company has a two-pronged approach to add exposure to silver ounces on an accretive per-share basis:

finding additional silver resources on our existing properties by applying conventional and innovative mineral deposit targeting tools to its existing silver-rich claims in the Thunder Bay district.
by acquiring other assets in silver-rich districts around the world. Well over 30 such targets — appropriate in scale and scope for the company at the current time — have been reviewed in detail by your management team over the past few months. Like every mining company, our inability to visit certain mineral properties has slowed our progress somewhat but management remains convinced that a substantive and accretive acquisition can be announced in the very near term.

Honey Badger’s Historic Silver Advantage

The Company’s Thunder Bay Silver Project is located a short 20-minute drive from the City of Thunder Bay which serves as a hub for much of the mining and mineral exploration in northwestern Ontario.

The Thunder Bay Silver District is a prime setting for high-grade polymetallic silver (as well as cobalt, gold, zinc and lead) mineralization. Bonanza-grade silver veins were discovered in the 1840’s and over five million ounces of silver were produced up to 1900s when the price of silver crashed. Importantly, the district has geologic similarities to the world-class Cobalt Silver Camp in north-eastern Ontario, one of the most productive silver districts in the world with 442 million ounces of silver produced. Despite these similarities, since mining activities ceased in the late 1800’s, the Thunder Bay Silver District remains largely unexplored by modern exploration techniques.

A small and isolated diamond drilling program completed in the 1960s by Arjon Gold Mines Ltd. down-plunge of historic workings at the Beaver Mine, returned 1,239 g/t Ag over 1 metre (Arjon Gold Mines Ltd., 1963, Work Report No. 12, AFRI 52A05SE0027, 11p.). The Beaver Silver Mine is the third largest silver mine in the district which produced 500,000 ounces of silver at an average grade of 0.26% silver. (Szetu, 1969)

Additional high-grade silver intercepts returned from Honey Badger’s 2018-2019 drill program at the historic Beaver vein workings, which remain open down plunge include:

BM-18-004: 921 g/t Ag over 1.4 m (new vein)
BM-18-006: 682 g/t Ag over 2.4 m, including 1,254 g/t Ag over 1. 2m
BM-19-014: 1,004 g/t Ag over 4.0 m (new vein) including 1,674 g/t Ag over 2.4 m
Hole BM-19-014 also intersected a second silver-bearing vein that returned 69.2 g/t silver over 1.8 m indicating likelihood of more silver veins in the vicinity of the Beaver Mine

Lateral extensions of a number of additional historic mine workings remain to be tested at the Beaver Silver Property, including the Stewardson Mine, Elgin Mine and Black Fox Mine.

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

For more information, please visit our website at http:// http://www.honeybadgerexp.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.

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 by law.

Toronto, Ontario – January 28, 2021 – Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce the appointment of Ms. Donna McLean as the Company’s Chief Financial Officer effective immediately. Ms. McLean is an accomplished executive with over 30 years of financial reporting and corporate administration.

Ms. McLean has served as Chief Financial Officer and Controller for numerous publicly-traded and private companies including a number of mineral exploration companies. She serves as Senior Accountant with Grove Corporate Services Ltd. (www.grovecorp.ca) that provides governance, accounting and administrative services to small-cap public and private companies in Canada. Ms. McLean also serves as Chief Financial Officer for Firestone Ventures Inc. and Avidian Gold Corp.

Chad Williams, Chairman and Interim CEO commented, “We are very pleased to welcome Donna to the Honey Badger team. She brings a depth of experience in financial reporting and business management that will be of great benefit to our Company as we position for growth and value generation.”

Ms. McLean will be joined by Mr. Igor Zonenschein, Manager of Governance and Regulatory Affairs with Grove Corporate Services, who will be assuming the role of Corporate Secretary for the Company.

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

For more information, please visit our website at http://www.honeybadgerexp.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.

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 by law.

Toronto, Ontario – January 25, 2021 – Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces that Mr. Chad Williams, the Company’s Chairman, has been appointed Interim Chief Executive Officer (CEO) effective immediately.

Mr. Williams has assumed the CEO position, on an interim basis, from Mr. Ed Baer who will be stepping down as the Company’s CEO.

Chad Williams commented, “On behalf of the Board, I would like to thank Ed for his dedication to the Company since joining last year and wish him all the best. He leaves the Company well positioned with its extensive land holdings in Ontario’s prolific historic Thunder Bay Silver District and other accretive assets to drive long-term value for our shareholders.”

About Honey Badger Exploration 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 Project. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more information, please visit our website at http://www.honeybadgerexp.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.

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 by law.

Toronto, Ontario, January 8, 2021 — Honey Badger Silver Inc. (TSXV: TUF) (“Honey Badger” or “the Company”) is pleased to announce the additional acquisition of 82 map registered cell claims, contiguous and to the west of its property holdings, within the prolific historic Thunder Bay Silver District.

The acquired claims bolster the Company’s dominant land position along Thunder Bay’s Mainland Silver Belt (refer to Figure 1). The Company’s operational land portfolio now consists of 959 cell claims and 7 mining patents, covers 12 past-producing high-grade silver mines with historic production of 1.7 million ounces of silver, and encompasses approximately 20,000 hectares of ground.

Figure 1: Map depicting Honey Badger’s Property, Thunder Bay Silver District

About Honey Badger Silver Inc.

Honey Badger is a Canadian-based silver focused company headquartered in Toronto, Ontario, that holds and operates a dominant 20,000-hectare land portfolio well positioned within Ontario’s prolific historic Thunder Bay Silver District. The Company’s primary focus is the acquisition, development, and integration of accretive transactions of silver ounces to enhance the Company’s portfolio of assets.

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

For more detailed information, please contact Eduardo Baer, CEO, at +1 416 804 0512 or via his email at [email protected]

The Company is in the process of revising its website and will launch a new-look website January 2021.

Neither the 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 news release.

Forward-Looking Statements

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. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. 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 because of new information, future events or otherwise, other than as required by law.

TORONTO, Dec. 23, 2020 — Honey Badger Silver Inc. (TSXV: TUF) (“Honey Badger” or the “Company”) announces that it will be retaining the services of a full-time CFO effective January 2021. This appointment will be in furtherance of its strategy as set out in its press release of November 30, 2020, to establish itself as a focused silver-based company with a portfolio of assets primarily in the Americas

The Company’s acting CFO to date, Fiona Fitzmaurice, will terminate her duties on December 23, 2020 in keeping with the understanding between Ms. Fitzmaurice and the Company. Ms. Fitzmaurice owns an accounting firm that specializes in accounting and financial control services for both private and publicly listed companies. The Company thanks Fiona for her diligence and efforts during her tenure with Honey Badger and wishes her great success in her future endeavours.

Honey Badger management continues to explore several opportunities that reflect our new strategic direction and intent to create value for shareholders by acquiring accretive silver ounces in the Americas with a view to advancing its plan throughout 2021.

About Honey Badger Silver Inc.

Honey Badger is a Canadian-based silver focused company headquartered in Toronto, Ontario, that controls a dominant 18,000 hectares land position in Ontario’s prolific historic Thunder Bay Silver District. The Company’s primary focus is the acquisition, development, and integration of accretive transactions of silver ounces to enhance the Company’s portfolio of assets.

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

For more detailed information, please visit us at our Corporate Website at http://www.honeybadgerexp.com (The Company is in the process of revising its website and will launch a new-look website January 2021).

Or contact:

Eduardo Baer, CEO, at +1 416 804 0512 or via his email at [email protected]

Neither the 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 news release.

Forward-Looking Statements

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. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. 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 because of new information, future events or otherwise, other than as required by law.

Toronto, Ontario – November 30, 2020 – Honey Badger Silver Inc. (TSXV: TUF) (“Honey Badger” or the “Company”) announces that it has filed its Consolidated Unaudited Financial Statements and Management Discussion and Analysis for the third quarter ended September 30, 2020, which are available under the company’s issuer profile on SEDAR at www.sedar.com.

The Company also advises that, further to its press release dated October 1, 2020, the TSX Venture Exchange (“TSXV”) approved the Company’s proposed name change to “Honey Badger Silver Inc.” effective November 20, 2020 pursuant to the shareholder’s approval received at the Company’s annual general meeting on September 30, 2020 (“AGM”).

Mr. Baer, Chief Executive Officer, commented, “The Company’s name change and the recent management restructure reflect our new strategic direction and intent to create value for shareholders by acquiring accretive silver ounces in the Americas. We believe that the current economic environment is conducive to a robust silver price over the next few years.”

Third Quarter Ended September 30, 2020, Principal Highlights

The Company closed a non-brokered private placement offering of securities on August 21, 2020, for total gross proceeds of $500,000. The private placement consisted of an offering of units (the “Units”) of the Company at a price of $0.04 per Unit, with each Unit comprised of one common share (a “Share”) of the Company and one Share purchase warrant (a “Warrant”) with each Warrant being exercisable to acquire one Share at a price of $0.05 per Share for a period of 24 months. The financing was supported by third parties committed to the furthering the Company’s new strategic outlook. At Quarter-end, the Company had cash and cash equivalents of $537,066.

At the AGM, the shareholders of the Company voted in favour of a resolution re-approving the Company’s stock option plan in accordance with the policies of the TSXV. As well, approval was obtained for the creation of a new “control person” within the meaning of applicable TSXV policies. Mr. Chad Williams is now deemed to be a “control person” on account of the Company’s private placement financing described above. At the Meeting, shareholders duly elected the proposed nominees to be directors of the Company; namely, Chad Williams, Chad Gilfillan and Eduardo Baer, to hold office until the next annual meeting of shareholders and spearhead the company’s prosperity by collectively directing the company’s affairs, while meeting the appropriate interests of its shareholders and relevant stakeholders under its proposed new outlook.

2021 Outlook and Strategic Shift

With decades of experience in capital markets, business development and strategic planning in the mining sector, incoming management will seek to leverage long-standing relationships in the mining industry to pursue an aggressive growth strategy via the acquisition of silver-driven assets. Toward this end, the Company has been evaluating a number of silver streaming and royalty opportunities as well as silver projects in various stages of development in North and South America, including in jurisdictions where management’s local professional networks and knowledge can be brought to bear.

Thunder Bay Claims, Ontario

A thorough review of the Company’s Thunder Bay Silver Project, within the prolific historic Thunder Bay Silver District, was completed by the present management team. The Company’s properties in the district were reduced in 2020 from 37,800 hectares to 16,800 hectares to decrease property holding costs. We note that the most prospective portions of the Thunder Bay Silver Project have been preserved, most notably claims covering 12 past-producing high-grade silver mines with historic production of 1.7 million ounces of silver. Management is satisfied that the decisions previously undertaken allow the Company to maintain its dominant position within the Thunder Bay Silver District and to facilitate a focused and comprehensive understanding of its claims. Following extensive review and internal discussions, management is confident that the Company would best be served by focusing on the 12 historic silver mines within the revised claims and to focus its exploration footprint on those claims which provide the best opportunity for exploration success in and around previous workings.

LG Diamonds Claims, Quebec

The Company holds a 100% interest in nine non-contiguous claim blocks (55 claims in total) covering 2,275 hectares located in the James Bay region of Quebec. Each of these nine properties are centered on circular magnetic anomalies which may reflect potential kimberlite occurrences. The properties are located near the intersection of two major crustal faults with proven kimberlite fertility, in portions of the craton known to fall within the diamond stability field. Given management’s strategic shift in focus to avail itself of silver-driven assets and its lack of specialization in kimberlite exploration, a decision has been made to monetize these highly prospective diamond claims. Management is interacting with leading third parties in the diamond exploration sector to entertain possibilities of a mutually acceptable business combination.

Blue Thunder Share Holdings

During the first half of 2020, the Company received 4,542,280 shares in the capital of Blue Thunder Mining Inc. (TSX.V: BLUE) (“Blue Thunder”) in exchange for consulting services provided to Blue Thunder by the Company during 2019. At September 30, 2020, the Company held 3,261,380 shares in Blue Thunder, representing 3.3% of that company’s fully-diluted shares. The majority of these remaining shares were restricted from trading until October 8, 2020. In future quarters, management anticipates that the full value of these shares will be reflected on the Company’s balance sheet as marketable securities. The shares are held for investment purposes only and management intends to review the Company’s investment in Blue Thunder on a continuing basis.

Outlook for 2021

The Company’s management restructure in Q3 is made with the support of existing and prospective shareholders and stakeholders. The expectation placed on new management is for the execution of a growth strategy based on significant acquisitions of silver-driven assets in the Americas. The Company is presently reviewing and advancing several potential growth opportunities derived from an established extensive network of relationships throughout the Americas. Members of management have over 30-plus years with hands-on experience in the conduct of acquisitions, on-the-ground project due diligence, participation in, or as lead dealmakers, including significant contributions to the development and growth of world class deposits and mines. Honey Badger management will strive to pursue accretive project acquisitions, joint ventures and streaming or royalty deals by working with all facets of vendors from junior explorers to senior producers. Management will continue its ongoing review and furtherance of appropriate exploration projects where management benefits from language fluency and strong knowledge of the mining-friendly jurisdictions of opportunities it pursues.

About Honey Badger Silver Inc.

Honey Badger is a Canadian-based silver focused company headquartered in Toronto, Ontario, that controls a dominant strategic land position with more than 16,800 hectares in Ontario’s prolific historic Thunder Bay Silver District. The Company’s primary focus is the acquisition, development, and integration of accretive transactions of silver ounces to enhance the Company’s portfolio of assets.

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

For more detailed information, please visit us at our Corporate Website at http://www.honeybadgerexp.com

(The Company is in the process of revising its website and will launch a new-look website January 2021)

Or contact:

Eduardo Baer, CEO, at +1 416 804 0512 or via his email at [email protected]

Neither the 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 news release.

Forward-Looking Statements

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. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. 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 because of new information, future events or otherwise, other than as required by law.

Honey Badger Silver Announces $1.5 Million Flow-Through Private Placement Equity Financing

Honey Badger Silver Announces $3 Million Non-Brokered

Private Placement With Significant Participation by Mr. Eric Sprott and Management

Honey Badger Silver Announces Addition of Three Top-Tier Advanced Silver Properties to its Growing Portfolio of Silver Assets

Honey Badger’s Historic Silver Advantage

Honey Badger Silver: Message from the Chairman and Corporate Outlook

Honey Badger Appoints New Chief Financial Officer

Honey Badger Exploration Announces Management Change

Honey Badger Strategically Expands Thunder Bay Property Holdings

Honey Badger to Appoint Full-time CFO

Honey Badger Files Third Quarter 2020 Financial Results, Provides 2021 Outlook

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