Honey Badger Silver Appoints Topping to Board, Jalonen and Kibsey as Advisors and Grants Stock Options

HONEY BADGER SILVER APPOINTS TOPPING TO BOARD, JALONEN AND

KIBSEY AS ADVISORS AND GRANTS STOCK OPTIONS

White Rock, British Columbia , April 24, 2024 – Honey Badger Silver Inc. (TSXV: TUF) ( “Honey

Badger” or the “Company”) is pleased to appoint George Topping as a Director effective today. The

Company has also appointed Stephen Kibsey and Michael Jalonen as Advisors to the Company.

The Company’s CEO, Dorian L. (Dusty) Nicol commented, “ We welcome George Topping to our

Board. His extensive experience in operations and capital markets will add great value to the

Company as we implement our strategy to become a leading silver company. We also welcome

Stephen Kibsey and Michael Jalonen as advisors. Each brings expertise that will help us implement

our strategy to become the leading investment vehicle as we expect silver prices to march toward

all-time highs.”

George Topping is an experienced mining professional with over 30 years of practical and analytical

experience in a wide range of commodities and listed mining equities. He worked for 12 years in

the South African industry, gaining underground production management experience prior to

commencing a 25-year capital markets career covering Canadian listed mining equities. He is a well-

regarded mining analyst and was most rec ently at iA Capital Markets and before that, as CEO of

Wolfden Resources, a publicly t raded junior mining company. Mr. Topping holds a BSc Mining

Engineering.

Stephen Kibsey has over thirty years of experience as an investment professional and currently does

ESG coaching and mentoring for various organizations. He worked for 21 years at one of Canada’s

largest investment institutions (CDPQ) as analyst, portfolio manager, business unit risk manager,

and more recently as a vice -president in the Investment Stewardship group. He also held the

position of vice -president of Canadian equities during his ten years at one of Canada’s largest

corporate pension funds (BIMCOR). Stephen has for many years been at the forefront of responsible

investment through his involvement with the creation of the Sustainable Investment Professional

Certificate and the Sustainability Ecosystem at Concordia University. He lectured at the Goo dman

Institute on risk management in investment portfolio construction and Sustainability Finance and

Accounting at McGill University and Queen’s University. Stephen was a member of the Mining

Association of Canada-Community of Interest Panel which gave feedback on the Toward Sustainable

Mining protocols for 9 years and was one of the founding members of the Finance and Sustainability

Initiative in Montreal. He sat on the Investment Committee and Risk Sub -committee of the

McConnell Foundation in Montreal for 6 years. Stephen holds a Bachelor of Science in Physiology,

a Bachelor of Engineering in Mining, a MBA, a SIPC, and was a CFA from 1991 to 2019. He has been

recognized as a Brendan-Wood Top Gun portfolio manager from 2008-2010.

Michael Jalonen had an over 30 -year career as a respected mine analyst, specializing in precious

metals, with Bank of America Securities and was regularly ranked as a leading mining analyst in

North America. He travelled throughout the world, visiting and reporting on over 100 gold, silver,

and copper mining and deve lopment projects. He holds a BSc (Honors) in geology from the

University of Windsor, an MBA from the De Groote School of Business, and is a designated CFA.

While at Bank of America, Michael implemented investment recommendations, provided coverage,

analyzed, and researched 20 companies in the North American senior, mid -tier, and intermediate

precious metal producer group as well as 5 senior precious metal royalty and streaming companies.

He created detailed operating and financial models on a mine by mine basis with long -term

forecasts for companies under coverage, which led to valuation analyses to estimate company and

asset values. He regularly published multiple industry thematic reports including five annual sector

primers (including a royalty and streaming industry primer) and quarterly reports on merger and

acquisition activity in the global gold sector.

Stock Option Grant

The Company also reports that the board of directors of Honey Badger approved the grant of a total

of 3,595,000 incentive stock options of the capital stock of the Company to directors, officers,

employees and consultants, vesting immediately, exercisable for up to a five -year period at an

exercise price of $0.075, pursuant to the Company’s shareholder approved stock option plan.

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 (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8

million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade

silver pro ject 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) A qualified person has not done sufficient work to classify the foregoing historic

resources as current mineral resource s and the Company is not treating the estimate as a current

mineral resource. The historic resource estimates cannot be relied upon. Additional work, including

verification drilling / sampling, will be required to verify the estimate as a current mineral resource.

(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.”

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 Hon ey 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 relat ing to the

availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity pri ces;

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 re lease 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.