Honey Badger Silver Inc. (TSX-V: TUF)  provides an update with respect to the proposed acquisition by the Company of the 100% interest in the Cachinal De La Sierra Silver-Gold Project  from Aftermath Silver Ltd. The execution by the parties of a definitive agreement in respect of the proposed Transaction was announced by the Company on February 15, 2023.

The Transaction is a fundamental acquisition for the Company, as defined in the policies of the TSX Venture Exchange, and completion of the proposed acquisition is subject to a number of conditions, including receipt of TSXV approval. While the Transaction has not been completed on the originally anticipated timeline, the parties are continuing to work together to close the proposed Transaction.   However, there is no assurance that the proposed Transaction will be completed as contemplated, or at all. The Company will provide further updates regarding the status of the Transaction as required under the policies of the TSXV and otherwise as material information regarding the proposed Transaction becomes available.

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario, that is focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With significant landholdings in southeast and south-central Yukon, including the Plata property 180 kms to the east of the Keno Hill silver district, as well as Ontario’s historic Thunder Bay Silver District, Honey Badger Silver is positioning to be a top-tier silver company.