Honey Badger Exploration Announces Acquisition of Zinc and Barite Assets in Quebec, Financing and Share Consolidation - Seite 2

¹References mentioning the historic estimates for the Upton Deposit

Baldwin, A.B., 1973, Report recommending mineral exploration for 1973-74 in an area located in the St. Lawrence Lowlands, Province of Quebec: Report prepared for Shell Canada's Mineral Department, 32 p. (GM 39067)

Paradis, S., Birkett, T.C., and Godue, R., 1990, Preliminary investigations of the Upton sediment-hosted barite deposit, southern Quebec Appalachians: Geological Survey of Canada, Current Research 90-1B, 1-8.

Paradis, S., Chi, G., and Lavoie, D., 2004, Fluid inclusion and isotope evidence for the origin of the Upton Ba-Zn-Pb deposit, Quebec Appalachians, Canada: Economic Geology, v. 99, 807-817.

Ressources Robex Inc., 1988, Baryte-Zinc, Upton: Étude finale d'évaluation; Internal Report v. 1, 2,3 no. 12: Internal report prepared for Robex Resources.

Robex Resources Inc. news release dated February 18, 1998, released on Business Wire.

Robex Resources Inc., 1998, 1997 Annual Report, 20 p. - available on www.SEDAR.com

²Charbonneau, R., 2013, Technical report on the Upton property, In accordance with National Instrument 43-101, Upton and Acton Township, Quebec, Canada, 56p. (GM 68021)

Saint-Fabien Property

The Nicholas-Rioux #3 Showing is located 4km from the Mine Roy-Ross. In 1962, L. Juteau published a historical estimate of 130 Kt @ 42.5% BaSO₄ for the Mine Roy-Ross³.

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 Mine Roy-Ross are presumed to be lost, the deposit needs to be entirely re-drilled and a new resources estimated to confirm the historic estimates.

³Juteau, L., 1962, Rapport concernant un groupe de claims miniers situés dans la Seigneurie Nicolas Rioux Paroisse St-Fabien, Comté de Rimouski, Province de Québec- Propriété de Les Mines Roy Ross Inc., Rimouski, Québec : Laurier Juteau Ingénieur Conseil, 29 p. (GM 12740)

Kamouraska Property

The Woodbridge Deposit has been the focus of exploration efforts on the Kamouraska Property since the 1950's. Work done in 1953, traced the main barite zone of the deposit over a length of 200 feet, a maximum width of 4 feet, and a depth of at least 25 feet⁵. The same study returned grades of 98.2% BaSO₄.