White Rock, British Columbia--(Newsfile Corp. - March 7, 2024) - Honey Badger Silver Inc. (TSXV: TUF) ("Honey Badger" or the "Company"), is pleased to announce that it will be hosting a Live Webinar on Wednesday, March 13^th at 1:30PM EST to discuss similarities between Honey Badger's wholly owned Plata Project and the adjacent Rogue Project held by Snowline Gold. To attend the Webinar, please click here to register.

The Company's CEO, Dorian L. (Dusty) Nicol, commented, "Plata hosts spectacular high grade silver mineralization. Recent mapping, compilation, and interpretation lead to the conclusion that Plata's geologic setting is similar to that of Snowline Gold's adjacent Rogue Project. We now interpret Plata as being related to the same style of mineralization ("Reduced Intrusion Related Gold Deposit") as the Valley discovery within the Rogue Project. Our observations at Plata fit into a mineralization zoning model indicating that silver mineralization at Plata is the periphery of a RIRGS mineralizing system, while geophysics suggests the presence of a buried intrusive. This significantly expands the discovery potential at Plata and led to the acquisition of additional claims (see News Release dated March 5, 2024). We look forward to presenting this concept in more detail during our upcoming webinar."

Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person (QP) for the purpose of National Instrument 43-101.

About Honey Badger Silver Inc.

Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver Indicated and 13.9 Moz of silver Inferred ⁽¹⁾⁽³⁾ located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc ⁽²⁾⁽³⁾. The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002. ^(2,3)

(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
(4) A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling / sampling, will be required to verify the estimate as a current mineral resource.