Honey Badger Announces Proposed Consolidation and Advance Notice Provisions for Annual General Meeting

Honey Badger Exploration Inc. ("Honey Badger" or the "Company") (TSX
VENTURE:TUF) announces that it has mailed the notice of meeting and information
circular (collectively, the "Circular") for its annual and special meeting of
shareholders to be held on June 27, 2013 (the "Meeting").


Subject to applicable shareholder and regulatory approval, the Company may
consolidate its outstanding common shares (the "Common Shares") on the basis of
up to ten (old) for one (new) shares, or such other ratio noted below as may be
determined by the board of directors (the "Board") of the Company (the
"Consolidation"). 70,880,717 Common Shares of the Company are currently issued
and outstanding. Following the completion of the proposed Consolidation, the
number of Common Shares of the Company issued and outstanding will depend on the
ratio selected by the Board. The following table sets out the appropriate number
of Common Shares that would be outstanding as a result of the Consolidation at
the ratios suggested below.




Consolidation Ratio

---------------------------------------------------------------------------
Proposed Consolidation      Approximate Number of Outstanding Common Shares
Ratio                                                   (Post Consolidation)
---------------------------------------------------------------------------
10 for 1                                                          7,088,072
---------------------------------------------------------------------------
7.5 for 1                                                         9,450,762
---------------------------------------------------------------------------
5 for 1                                                          14,176,143
---------------------------------------------------------------------------



After careful consideration, the Board has decided to table this resolution to
reduce the number of Common Shares in order to increase its flexibility with
respect to potential business transactions, including any future equity
financings and potential property acquisitions. Approval by shareholders does
not necessarily mean that a Consolidation will occur, rather it will provide the
Board the ability to implement a Consolidation if they deem it to be necessary
for the betterment of the Company and its shareholders. 


The Company also announces Board approval of an advance notice by-law (the
"By-law"). The purpose of the By-law is to provide shareholders, directors and
management of the Company with a clear framework for nominating directors of the
Company. The Company is committed to: (i) facilitating an orderly and efficient
annual general or, where the need arises, special meeting process; (ii) ensuring
that all shareholders receive adequate notice of the director nominations and
sufficient information regarding all director nominees; and (iii) allowing
shareholders to register an informed vote after having been afforded reasonable
time for appropriate deliberation. The By-law is intended to further these
objectives.


The By-law, among other things, includes a provision that requires advance
notice to the Company in certain circumstances where nominations of persons for
election to the Board are made by the Company's shareholders. The By-law
establishes a deadline by which director nominations must be submitted to the
Company prior to any annual or special meeting of shareholders and sets forth
the information that must be included in the notice to the Company. No person
will be eligible for election to the Board unless nominated in accordance with
the By-law.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 days and not more than 65 days prior to the date of the
annual meeting. In the event that the annual meeting is to be held on a date
that is less than 50 days after the date on which the first public announcement
of the date of the annual meeting was made, notice may be made not later than
the close of business on the 10th day following such public announcement.


In the case of a special meeting of shareholders called for the purpose of
electing directors (whether or not called for other purposes), notice to the
Company must be made not later than the close of business on the 15th day
following the day on which the first public announcement of the date of the
special meeting was made.


The Company will seek shareholder approval of the Consolidation and the By-law
at the Meeting, or any adjournment thereof. The Circular provides further
details of these items.


A copy of the Circular and the By-law will be available on SEDAR under the
Company's profile at www.sedar.com.


About HoneyBadger Exploration Inc.

Honey Badger Exploration is a gold and base-metals exploration company
headquartered in Toronto, Ontario, Canada. The Company's common shares trade on
the TSX Venture Exchange under the symbol "TUF". For more information, please
visit our website at http://www.honeybadgerexp.com.


This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "may", "should",
"expects", "plans", "anticipates", "believes", "estimates", "predicts",
"potential" or "continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Honey Badger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
(416) 364-4029
(416) 364-2753 (FAX)
bnykoliation@honeybadgerexp.com
www.honeybadgerexp.com


Honey Badger Exploration Inc.
Kirk McKinnon
Chairman and CEO
(416) 364-4029
(416) 364-2753 (FAX)


Honey Badger Exploration Inc.
Quentin Yarie
President and COO
(416) 364-4029
(416) 364-2753 (FAX)
Honey Badger Silver (TSXV:TUF)
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