Honey Badger Silver Commitment to ESG Governance

Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce that it is actively engaged in pursuing an environmental, social and governance (ESG) core strategy to create value for shareholders that is sustainable, responsible and future oriented.

Honey Badger Silver is strongly committed to good corporate governance practices and recognizes that good governance starts at the board level.

Our board of directors represent industry leading experts in capital markets, geological expertise and mineral advancement with a strong commitment to effective, equitable and transparent governance.

Chad Williams, Director and Non-Executive Chair of Honey Badger Silver Inc., who had formerly relinquished his role as interim CEO, believes that “ESG must be viewed as relevant at all stages of the mining cycle if we are to be able to safeguard the future of our natural resources and promote biodiversity. To ensure that our people, partnerships and communities thrive as our business grows, we must have a system in place that gauges the board’s effectiveness to fulfill its responsibilities to the Company’s shareholders, as well as to social and environmental best practices, including the fight against climate change and the global collaborative goal to achieve net zero carbon emissions by 2050.”

For more information, please visit our website above, or contact: Ms. Christina Slater: [e-mail][phone]

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. The information in this news release and any other information herein that is not a historic fact may be "forward-looking information".

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.