Honey Badger Silver Executes 2026 Field Program Targeting Massive Pyrite and New Critical Minerals Potential at Nanisivik Project, Nunavut

Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (FSE: 1QA) (Tradegate: 1QA) ("Honey Badger Silver" or the "Company") is pleased to announce the details of the 2026 field exploration program at its 100%-owned Nanisivik Project on Baffin Island, Nunavut. Chad Williams, Executive Chairman and Interim CEO, commented: "Our focus for the 2026 on-site work at Nanisivik was to substantiate the potential of this project to host economic zones of silver-bearing mineralization. Importantly, mineralization at Nanisivik is known to contain zinc, lead, and potentially many other critical minerals. In particular, historic references to large existing silver-bearing pyrite zones are now very interesting because of the recent dramatic rise in the price of sulphur. In addition, the substantial rise in the price of certain critical minerals – like germanium – given their new highly strategic importance, has motivated Honey Badger to look at Nanisivik with a fresh lens. These minerals were never considered important during the many years that Nanisivik operated as an underground mine. In summary, Nanisivik contains many promising zones located throughout the large project area controlled by Honey Badger." 2026 FIELD PROGRAM AND NEXT STEPS Building upon the Company's positive 2025 exploration results and its recently announced initiative to evaluate extensive massive-pyrite mineralization (see News Release dated July 28, 2026), the recently executed 2026 field program was designed to advance two specific emerging opportunities at Nanisivik: 1) the documented extensive massive-pyrite system and 2) additional silver-zinc-lead mineralization and critical-mineral potential located outside of the historic mined zones, providing an opportunity to further characterize the mineralized system using modern analytical methods. The field team was managed by APEX Geoscience, overseen by Honey Badger Silver. The team successfully collected samples of massive pyrite as well as other potentially mineralized samples containing sphalerite, galena, and pyrite, from both float and outcrop across multiple zones across the property. Assays are pending. Samples collected during the program were transported under chain-of-custody procedures and submitted to an independent accredited laboratory for multi-element geochemical analysis. The Company expects the analytical results to provide valuable information on the composition of the pyrite-rich mineralization and to assist in evaluating the potential for germanium and other critical or potentially valuable elements within the system. Upon receipt of the analytical results, Honey Badger Silver will integrate the new data with historical geological, geochemical and geophysical information to refine its understanding of the Nanisivik mineralized system. The Company will then evaluate opportunities for additional analytical work, metallurgical testing and other follow-up studies, as warranted, and assess potential future exploration programs, including drilling and/or other methods of testing priority targets. NANISIVIK HIGHLIGHTS Proven mineralized district: The former Nanisivik Mine produced approximately 17.9 Mt grading 9% zinc, 0.7% lead and 35 g/t silver, equivalent to 3.55 billion pounds of zinc, 284 million pounds of lead and 20.1 million ounces of silver. Potential large-scale sulphur opportunity: Historical publications reported an estimated 50–100 Mt of massive pyrite mineralization within the South Boundary and North Pyrite zones.