Mr. Chad Williams reports

HONEY BADGER SILVER LAUNCHES 3 PRIORITY SITE ACTIVITIES AT THE 100%-OWNED PC SILVER MINE, NWT, CANADA

Honey Badger Silver Inc. has outlined its three primary near-term strategic priorities at its flagship Prairie Creek (PC) silver mine, located in the Northwest Territories, Canada.

The company's primary financial objective is to maximize the net present value of the PC silver mine on a per-share basis. Major factors that could lead to a higher net present value are: bringing future expected free cash flows closer to the present, adding mine life, lowering capital costs, derisking and lowering operating costs, which in the company's case may come from critical metal byproduct credits.

This work will be done as quickly, but also as conscientiously, as possible. Honey Badger will continue working collaboratively with indigenous governments, Parks Canada, the government of the Northwest Territories and other regulators as part of the continuing development process.

Chad Williams, executive chairman of Honey Badger Silver, commented: "Management and the board are aligned around a clear near-term operating strategy to add value to our PC silver mine. We believe the PC silver mine is one of the most compelling high-grade silver redevelopment projects in the world. This is an opportunity for us to demonstrate the quality and scale of the asset. We acknowledge and appreciate the substantial work already completed at the PC silver mine by previous operators over many decades. To maximize the benefits of our efforts, the activities listed below will also be co-ordinated with the world-class experts that will provide an updated economic study and a new mineral resource estimate for the PC silver mine."

Mr. Williams continued: "The PC silver mine is undoubtedly Honey Badger's main focus. However, the company will also conduct activities at certain of its other promising silver projects in the near term. Details on those will be discussed in future releases."

Priority near-term activities at the PC silver mine

The following are summaries intended to highlight the company's top three operating priorities. The company will provide details and updates regarding these activities on a continuing basis.

1. Progressing on site access infrastructure

Demonstrating progress on bringing the PC silver mine closer to production is a priority.

A key component is initiating tangible work on the future all-season road.

Planned activities are:

• Upgrades and preparation work along portions of the existing transportation corridor;
• Next-stage authorization conditions for construction;
• Mobilization planning and logistical preparations intended to accelerate future development activities.

The company believes continued advancement of transportation infrastructure will:

• Reduce long-term project risk;
• Improve logistics and operating flexibility;
• Lessen future development timelines;
• Further demonstrate project momentum to indigenous governments and potential strategic/financing partners.

2. Refurbishment and advancement of existing mill infrastructure

Demonstrating the operating capability of the company's existing infrastructure is a priority.

The company plans to initiate phased refurbishment of the existing mill and surface infrastructure at the PC silver mine.

Honey Badger believes the project's substantial existing infrastructure represents an important strategic advantage relative to many other mining projects anywhere in the world.

Over time, these activities are expected to support:

• Further technical derisking;
• Operational readiness planning;
• Future development flexibility.

3. Drilling and resource expansion

Growing the silver and critical minerals resource at the PC silver mine is a priority.

Honey Badger intends to pursue underground/surface drilling programs focused on:

• Resource expansion and category upgrading by extending known mineralized zones;
• Evaluation of broader district-scale exploration targets.

Existing core and outcrops will be sampled for germanium, tungsten and other strategic metals.

Management believes the project may possess important additional exploration upside beyond the currently defined mineralized areas. Details on the company's exploration program will be released soon.

Other significant corporate activities

In parallel with these operational priorities, Honey Badger intends to continue evaluating opportunities to reduce project risk and minimize shareholder dilution through potential:

• Government funding programs;
• Strategic partnerships;
• Debt financing;
• Non-silver royalty structures;
• Concentrate marketing initiatives.

Qualified person

The scientific and technical data contained in this news release pertaining to the project were reviewed and approved by Benjamin Kuzmich, who is an independent consultant and qualified person within the meaning of National Instrument 43-101.

About the PC silver mine

The PC silver mine is a high-grade silver-zinc-lead brownfield redevelopment project located in the Northwest Territories, Canada. The project benefits from substantial historical investment and infrastructure, including underground development, an existing mill, an airstrip and advanced permitting.

Honey Badger believes the project is strategically positioned to support growing North American demand for secure domestic supplies of silver, zinc, lead and potentially additional critical minerals.

About Honey Badger Silver Inc.

Honey Badger Silver is unlocking some of Canada's richest untapped silver potential. With the acquisition of the fully permitted, high-grade PC silver mine, the company has become a leading North American silver and critical minerals company.

Backed by an impressive portfolio of eight high-quality silver mineral projects across the Northwest Territories, Yukon and Nunavut, including the Sunrise Lake, Plata and Nanisivik properties, Honey Badger controls district-scale land positions in some of the most metal-rich jurisdictions on the continent.

What sets Honey Badger apart is its strategic blend of real silver ownership and growth leverage: The company holds 10,000 ounces of physical silver yielding 12 per cent annually, reinforcing tangible asset value while advancing aggressive exploration and acquisition plans.

Led by a proven team of mine builders and capital markets professionals, Honey Badger is building a cash-generating, asset-backed platform for the bull cycle in precious and critical metals.

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