Honey Badger Silver Announces Appointment of Ron Halas as Chief Operating Officer

About this update from Honey Badger Silver Inc.

Toronto, Ontario--(Newsfile Corp. - February 23, 2026) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (" Honey Badger " or the " Company ") is pleased to announce the appointment of Ron Halas, P.Eng., as Chief Operating Officer, effective immediately. Mr. Halas is a professional mining engineer with more than 35 years of experience in mine development, construction, operations, and technical leadership. His career includes senior roles with Lumina Gold, Kinross Gold, IAMGOLD, Vale, Placer Dome and Inco across the full mine lifecycle, from feasibility and project development through construction, commissioning, and steady-state operations. Mr. Halas brings expertise in mine development and operational readiness, underground and open-pit mining operations, capital project execution and cost control, operational optimization and ramp-up, and health, safety, and environmental management. The Board believes Mr. Halas' operational and project execution background is particularly well-suited to advance the Honey Badger's current portfolio of projects in Northern Canada. Chad Williams, Executive Chairman of Honey Badger, commented "Ron's appointment significantly strengthens Honey Badger's operational leadership. His experience developing and operating mines will be invaluable as we evaluate and advance our projects and continue to build a disciplined, execution-focused silver platform." Mr. Halas added "Honey Badger has assembled a unique portfolio of silver assets and investment opportunities. I'm excited to take on the role of COO and to work with the Board and management team as the Company evaluates and advances our growth opportunities." About Honey Badger Silver Inc. Honey Badger Silver is a unique 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 at a grade of 262 g/t silver (and 201.3 million pounds of zinc at a grade of 6% zinc) Indicated and 13.9 Moz of silver at a grade of 169 g/t silver (and 247.8 million pounds of zinc at a grade of 4.4% zinc) Inferred(2) located in the Northwest Territories and the Plata high grade silver project 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 an unclassified historic resource of 5.5 Moz of silver at a grade of 22 g/t silver and 1.3 billion pounds of zinc at a grade of 7.6% zinc(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(4). We own 10,000 ozs of silver yielding 12% per annum. In each instance, the reliability of the historical resource estimates (the "Historical Estimates") are considered reasonable, but a qualified person has not done sufficient work to classify the foregoing Historical Estimates as current mineral resources, and the Company is not treating the estimates as current mineral resources. There is no technical report associated with the Historical Estimates. The Historical Estimate contains categories that are not consistent with current CIM definitions. The Company considers the Historical Estimates to be relevant for the proper understanding of its mineral properties, however, significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person for the Historical Estimates to be in accordance with NI 43-101 standards and to verify the Historical Estimates as current mineral resources. No more recent estimates of the mineral resources or other data are available to the Company. There can be no certainty, following further evaluation and/or exploration work, that the historical estimates can be upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101. Sonya Pekar Investor Relations [email protected] | +1 (647) 498-8244 Forward-Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the proposed transaction, the exclusivity period, the execution of definitive agreements, the potential merits of the Prairie Creek Project, and Honey Badger's strategic objectives. Such statements are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284842

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