Mr. Chad Williams reports

HONEY BADGER ANNOUNCES RESULTS OF ANNUAL & SPECIAL MEETING OF SHAREHOLDERS

Honey Badger Silver Inc. has released the results of its annual and special meeting of shareholders held on Jan. 26, 2026. Each of the matters that were tabled at the meeting for a vote are described in greater detail in the notice of annual and special meeting of shareholders and accompanying management information circular dated Dec. 22, 2025.

At the meeting, shareholders voted to approve the nominations of directors set out in the circular and thus elected Chad Williams, John H. Hill, George Topping, Koby Kushner, Paolo P. Cattelan and Michael Jalonen as directors of the company. Shareholders also voted to approve all other matters put to them for a vote in the circular, including the proposed appointment of the auditor and the stock option plan of the company.

About Honey Badger Silver Inc.

Honey Badger is a unique silver company. The company is led by a highly experienced leadership team with a record of value creation, backed by a skilled technical team. Honey Badger's projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver (and 201.3 million pounds of zinc) indicated and 13.9 million ounces of silver (and 247.8 million pounds of zinc) inferred, located in the Northwest Territories, and the Plata high-grade silver project, located 165 kilometres east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The company's Clear Lake project in Yukon has a historic resource of 5.5 million ounces of silver and 1.3 billion pounds of zinc. The company also has a significant landholding at the Nanisivik mine area, located in Nunavut, Canada, that produced over 20 million ounces of silver between 1976 and 2002. Honey Badger owns 10,000 ounces of silver yielding 12 per cent per annum. A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources, and the company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling/sampling, will be required to verify any of the historical estimates as current mineral resources.