Honey Badger Discovers New "Canela" Zone in Kilometre-Long Silver-Gold Soil Anomaly at Plata, YukonToronto, Ontario--(Newsfile Corp. - November 13, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that the Company has identified a new gold and silver zone, newly named "Canela", from the recent soil sampling and prospecting program at its 100% owned Plata Project in the Yukon. The Company's Executive Chairman, Chad Williams, commented: "The Canela zone represents the first discovery from last summer's exploration work at Plata. Our thesis that Plata has an exceptional mineral endowment has been further supported. Canela is a large mineral zone that shares similar characteristics to the nearby high-grade silver and gold Ajo zone. The currently known size and mineral values of the surface expression of the new Canela zone compares favorably with the early-stage surface expressions of what would become important mineral discoveries elsewhere in the Plata district. In particular, Canela appears to also be east-west trending and contains significant silver and gold values. The recent recognition of significant gold mineralization in the Ajo-Canela area is important since the Plata property is located adjacent to Snowline Gold's (TSXV: SGD) Rogue property which is the site of a major gold discovery."Background on CanelaThis past summer, Honey Badger completed a large fieldwork program focused on soil sampling and prospecting at Plata. The goal of the fieldwork was to collect soil and supplementary grab samples over several target areas across the large property to identify new silver and gold zones. The program was successfully completed in late September and included a total of 1,027 soil samples and 115 rock samples.The Company is excited to share that the Canela Zone, a newly identified silver and gold anomaly, has been successfully identified from the first batch of assay results at Plata. The Canela Zone is approximately 1 km in currently identified strike length and is highlighted by soil samples with up to 38.6 g/t silver, 0.27 g/t gold, 0.23% Pb, and 0.11% Zn. These are the highest gold-in-soil values at Plata to-date and some of the highest silver-in-soil values on the property. A single line of historical soil sampling had transected what is now called the Canela Zone, which returned some anomalous silver values; however, the samples were never analyzed for gold. This summer's soil sampling has materially expanded the anomalous results to the north, east, and south, in addition to identifying the presence of gold mineralization. The Canela Zone appears to be roughly WNW-ESE trending, and parallel to the high-grade silver- and gold-bearing Ajo Zone located ~800 m to the northwest of Canela (Figures 1 and 2). Since Canela and Ajo both appear to be WNW-ESE trending and share geochemical similarities, it is possible that the Canela and Ajo zones are related. The Plata Thrust, which hosts the Ajo Zone, has been the focus of most historical exploration at Plata. The recent recognition of high-grade gold mineralization along the Plata Thrust presents a new opportunity to uncover additional high-grade gold and silver elsewhere on the property. The Canela Zone may extend to the northwest, where a cluster of historic soil samples along strike returned elevated silver values (not analyzed for gold) and a local float sample returned 5,890 g/t silver, 0.35 g/t gold, 0.17% copper, 8.6% lead, and 0.57% Zn (Fig. 1). The Canela Zone also remains open to the east and will be a high-priority follow-up target for the 2026 field season.Figure 1. Map of the Plata Project showing the newly identified Canela Zone, which represents a ~1km x 450m wide ~ E-W trending area defined by strongly anomalous gold and silver values in soil samples. The Canela Zone is situated approximately 800m to the southeast of the high-grade gold- and silver-bearing Ajo Zone.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3204/274455_b22aa3c004b8e9e2_001full.jpgFigure 2. Regional map of the Plata Project showing the location of the newly identified Canela Zone relative to other major gold and silver showings in the area. Note: The QP has not independently verified the Rogue Mineral Resource Estimate (MRE) or drill results quoted in the image above. The Rogue MRE is not necessarily indicative of mineralization on the property that is the subject of the disclosure.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3204/274455_b22aa3c004b8e9e2_002full.jpgNext StepsThe Company plans to report the remaining results from the 2025 summer work program at Plata in the coming days once they are compiled, analyzed, and interpreted. The Company will continue to review the new assay data in conjunction with historical drilling, soil and grab samples as well as leverage geophysical and structural data over