Honey Badger Expands Plata Claim Size by 18% Through Staking; Two New Gold Targets Identified

Toronto, Ontario--(Newsfile Corp. - October 16, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that the Company has staked yet another 1,546 ha of ground at its 100%-owned Plata project. This represents an 18% increase in the total claim package size. The Plata claim package was expanded earlier in 2025.

We are still awaiting assays from summer exploration work. Nevertheless, based on observations from that recent field program plus a thorough review of historical work on the original Plata claims, adding claims was deemed to be a high priority for the Company.

The new claims were staked to strategically buttress two geologically promising target areas that have important gold anomalies. High-grade gold in grab samples over 900m along the Plata Thrust were identified in work programs carried out by predecessor companies. This potentially high-grade gold trend remains open in both directions. The data review also identified a large, underexplored gold in soil anomaly which remains open in three directions. The Plata Thrust has historically been the focus of exploration for high-grade silver. The recognition of high-grade gold mineralization along the Plata Thrust makes it a significant gold target as well (figure 1). With this new understanding, the underexplored and parallel Rogue Thrust represents a potential analog to the Plata Thrust and will also be a focus for future exploration.

Figure 1.

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The Company's Executive Chairman, Chad Williams, commented, "Honey Badger continues to identify new and exciting target areas at Plata. This project has exceptional potential. We are particularly encouraged by the continuity of high-grade historical grab samples along the Plata Thrust which returned up to 78.3 g/t Au in outcrop as well as the potential for the Rogue Thrust to be an analog to the Plata Thrust. Additionally, a second zone of gold in soil has been identified and been traced for over 3 km and remains open in three directions. Of note, the Plata property is located adjacent to Snowline Gold's (TSXV: SGD) Rogue property, which contains 7.94M oz Au (M&I) at a grade of 1.21 g/t Au and 0.89M oz Au (Inferred) at a grade of 0.62 g/t Au (see SGD news release dated May 15, 2025)."