Honey Badger Silver Launches 3 Priority Site Activities at the 100%-Owned PC Silver Mine, NWT, Canada

About this update from Honey Badger Silver Inc.

Toronto, Ontario--(Newsfile Corp. - May 27, 2026) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (FSE: 1QA) (Tradegate: 1QA) ("Honey Badger" or the "Company") is pleased to outline its three primary near-term strategic priorities at its flagship Prairie Creek Silver Mine ("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, de-risking, and lowering operating costs which in our case may come from critical metal by-product 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 ongoing 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 coordinated 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 our top three operating priorities. The Company will provide details and updates regarding these activities on an ongoing basis. 1. Progressing on Site Access Infrastructure Demonstrating progress on bringing t...

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