Honey Badger Silver Announces Full Exercise of Over-Allotment Option, Warrant Pricing for $11.5 Million Financing

Toronto, Ontario--(Newsfile Corp. - March 24, 2026) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that, further to its press release dated March 19, 2026 announcing a brokered private placement offering of subscription receipts (the "Offering"), SCP Resource Finance LP, as lead agent on behalf of a syndicate of agents (collectively, the "Agents") has fully exercised the Agents' option (the "Agents Option"), resulting in gross proceeds of up to approximately C$11.5 million, for a total of up to 71,875,000 subscription receipts of the Company (the "Subscription Receipts"), pursuant to the Offering. Each Subscription Receipt will be issued at a price of C$0.16 and will convert into one unit (a "Unit") of the Company upon satisfaction of the Escrow Release Conditions (as defined herein).