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TUF.V ·

Honey Badger Silver Announces Management Changes

Management Changes

Honey Badger Silver Announces Management

Changes

Toronto, Ontario--(Newsfile Corp. - December 4, 2023) -

Honey Badger Silver Inc.

(TSXV: TUF)

("

Honey Badger

" or the "

Company

") is pleased to announce the appointment of Dan O'Brien as the

Company's Chief Financial Officer (CFO), effective immediately.

Mr. O'Brien replaces the Company's

outgoing CFO, Donna McLean.

Dorian L. (Dusty) Nicol, CEO of Honey Badger, stated, "

I would like to welcome Dan O'Brien as our new

CFO. He brings a depth of experience in financial reporting and business management that will be of

great benefit to our Company.

I would also like to thank Donna for her commitment and many

contributions to the Company and we wish her the best in her future endeavours

."

Mr. O'Brien is a member of the Institute of Chartered Professional Accountants of British Columbia and

has 20 years' experience working with public companies in the resource industry. He is also the Chief

Financial Officer for a number of publicly listed exploration companies trading on the TSX-V exchange.

Mr. O'Brien was previously a senior manager at a leading Canadian accounting firm where he

specialized in the audit of public companies in the mining and resource sector.

Mr. O'Brien will be joined by Ben Meyer who will be replacing Namrata Malhotra as Corporate Secretary

for the Company.

Mr. Meyer has over 10 years' experience in corporate compliance for publicly listed mineral exploration

companies trading on the TSX-V and TSX stock exchanges. He has been a Paralegal since 2019, after

completing the Legal Administrative Assistant and Paralegal programs at the University of the Fraser

Valley with distinction.

About Honey Badger Silver Inc.

Honey Badger is a Canadian silver company focused on the acquisition, development, and integration of

accretive transactions of silver ounces. The Company is led by a highly experienced leadership team

with a track record of value creation backed by a skilled technical team, with significant land holdings in

southeast and south-central Yukon, including the Plata property 180 kms to the east of the Keno Hill

silver district.

The Company also owns the historic producing Nanisivik Mine in Nunavut, which has a

historic resource.

The Nanisivik Mine (near Arctic Bay, Nunavut) produced over 20 million ounces of

silver between 1976 and 2002, from 17.9 million tons of ore, grading 9% zinc, 0.72% lead, and 35

grams per ton silver

(1)

. In addition to the polymetallic orebody, previous exploration identified massive

sulphide bodies (principally pyrite), totaling about 100 million tons

(1,2)

, containing base metal and silver

values not economic at the time.

Honey Badger is positioning to be a top-tier silver company.

(1)

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.

(2)

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.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO

For more information please visit our website

www.honeybadgersilver.com

or contact Ms. Michelle

Savella for Investor Relations |

[email protected]

|

+1 (604) 828-5886

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or

accuracy of this release.

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. 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 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, risks relating 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.sedarplus.ca

) under Honey Badger'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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/189812