Honey Badger Exploration Announces Acquisition of Zinc and Barite Assets in Quebec, Financing and Share Consolidation

TORONTO, ONTARIO--(Marketwired - June 26, 2017) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company") has entered into an agreement, subject to certain terms and conditions, to acquire three (3) assets located in Québec (the "Mineral Properties"). The three properties - the Upton Property, the Saint-Fabien Property, and the Kamouraska Property - collectively span 642.0 hectares and are ideally located near the US border, close to roads, power lines, and infrastructure (see Figure 1 at the following address: http://media3.marketwire.com/docs/1098052.pdf).

Quentin Yarie, President & CEO, commented: "These zinc and barite assets represent a great new opportunity for Honey Badger. Our team is excited to work on these properties and will be undertaking shortly an aggressive campaign to confirm all historic resource data, prioritize targets, and begin a field program."

About Barite

Barite is a mineral composed of barium sulfate (BaSO₄). It receives its name from the Greek word "barys" which means "heavy." Barite's high specific gravity makes it suitable for a wide range of industrial, medical, and manufacturing uses. 80% of the barite produced globally is used for drilling in the oil and gas industry.

The global barite market is experiencing rapid growth. Production growth in the oil and gas sector will continue to drive the demand for barite. While India and China hold a dominant position in the barite supply, there is an increased focus on discovering and developing new barite resources across the world.

About Honey Badger's New Assets

The land package consists of three (3) separate properties in Quebec - two, with historic estimates.

Upton Property

The Robex Deposit is a polymetallic zinc deposit estimated to contain approximately 1 Mt @ 1.9% Zn, 0.6% Pb, 0.15% Cu, 13.5 g/t Ag and 46.5% BaSO₄ ¹. This historical estimate was deemed reliable in a 43-101 Technical Report published in 2013². In 1997, Groupe Consortium Quebec and Bumigene completed an economic study of the Robex Deposit (Robex, 1998 M&A circular). The Deposit appears to remain open along strike and at depth.

The reader is cautioned that no qualified person has done enough work to classify these historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves. As most of the historic core and drill logs used to estimate the historic resources of the Robex Deposit are presumed to be lost, the deposit needs to be entirely re-drilled and a new resources estimated to confirm the historic estimates.