HONEY BADGER SILVER COMPLETES 2026 FIELD PROGRAM TARGETING HIGH-GRADE SILVER-POLYMETALLIC MINERALIZATION AT YAVA PROJECT, NUNAVUT

Toronto, Ontario - August 26, 2026 - Honey Badger Silver Inc. ("Honey Badger Silver" or the "Company") is pleased to announce it has completed its first ever field exploration program at its 100%-owned Yava Project, Nunavut.

Chad Williams, Executive Chairman and Interim CEO, commented:

"While the PC Silver Mine remains Honey Badger Silver's primary development focus, Yava is an often-overlooked project within our broader Canadian silver portfolio. Historical drilling in the 1970s at Yava identified a shallow polymetallic Volcanogenic Massive Sulfide ("VMS") system that has never been followed up on, while several historic silver occurrences and geophysics targets nearby have never seen modern exploration.

"Importantly, Yava also presents meaningful critical minerals upside with copper and zinc noted in the historical drilling. Our 2026 field program was designed to advance our understanding of this underexplored system, refine priority targets and lay the groundwork for future drilling. We believe Yava has the potential to emerge as a highly compelling exploration asset within the Honey Badger Silver portfolio."

Toronto, Ontario - August 26, 2026 - Honey Badger Silver Inc. ("Honey Badger Silver" or the "Company") is pleased to announce it has completed its first ever field exploration program at its 100%-owned Yava Project, Nunavut.

Chad Williams, Executive Chairman and Interim CEO, commented:

"While the PC Silver Mine remains Honey Badger Silver's primary development focus, Yava is an often-overlooked project within our broader Canadian silver portfolio. Historical drilling in the 1970s at Yava identified a shallow polymetallic Volcanogenic Massive Sulfide ("VMS") system that has never been followed up on, while several historic silver occurrences and geophysics targets nearby have never seen modern exploration.

"Importantly, Yava also presents meaningful critical minerals upside with copper and zinc noted in the historical drilling. Our 2026 field program was designed to advance our understanding of this underexplored system, refine priority targets and lay the groundwork for future drilling. We believe Yava has the potential to emerge as a highly compelling exploration asset within the Honey Badger Silver portfolio."

About Yava

Yava is a polymetallic VMS system located in the Hackett River greenstone belt, located approximately 450 kilometres northeast of Yellowknife and 40 kilometres south of the Hackett River deposit, which has a historical 2013 resource estimate of 25 Mt grading 130 g/t Ag (Indicated) and 57 Mt grading 100 g/t Ag (Inferred), equivalent to 105 Moz Ag (Indicated) and 183 Moz Ag (Inferred)².

The 5,218-hectare Yava Project hosts a historical resource estimate of 1.3 Mt grading 106.8 g/t silver, 1.03% copper, 4.96% zinc, 1.60% lead, and 0.30 g/t gold, defined by 10 shallow drill holes and tested to only ~80 metres vertical depth¹. Select historic drill results at the Yava Main Zone include 40.1 metres grading 67.53 g/t silver, 1.1% copper, 3.73% zinc, 0.54% gold, and 0.36% lead in DH Y-74-01, with an estimated true width of approximately 23 metres¹. Despite these impressive results, Yava has not seen any new drilling since the initial discovery more than 50 years ago.