Toronto, Ontario – October 1, 2020 – Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces the results of its 2020 Annual and Special Meeting of Shareholders (the “Meeting”) held on September 30, 2020  in Toronto, Ontario, Canada.

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.  As well, shareholders approved a resolution to re-appoint Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company until the next annual meeting of shareholders and to authorize the directors to fix their remuneration.

In addition, shareholders approved a special resolution to change the name of the Corporation to “Honey Badger Silver Inc.” to reflect the Company’s primary focus on the acquisition, development and integration of accretive transactions of silver ounces to build the Company’s portfolio of assets.  The stock symbol remains the same (TSXV: TUF).  The change of name is subject to the approval of the TSX Venture Exchange (the “TSXV”). Upon receipt of all required approvals, the Company will mail a letter of transmittal to its registered shareholders to enable them to exchange their certificates for new certificates reflecting the name change.

The special resolution authorizing the Board to consolidate the Company’s common shares received 66 1/3 out of the 66 2/3 of the required votes.  The Company is encouraged to revisit this motion at a later date.

The shareholders also 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” in accordance with the Company’s private placement financing announced August 21, 2020.

About Honey Badger Exploration Inc.

Honey Badger is a Canadian silver company headquartered in Toronto, Ontario with a strategic land position in excess of 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.

Or contact:

Donna Yoshimatsu, Vice President, Investor Relations, at (416) 722-2456;  [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.

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.