Honey Badger Exploration Inc.

Honey Badger Exploration Inc.

June 04, 2009 14:00 ET

HoneyBadger Exploration Shareholder Letter

TORONTO, ONTARIO--(Marketwire - June 4, 2009) - HoneyBadger Exploration (TSX VENTURE:TUF)("HoneyBadger" or "the Company") announces that the Letter to Shareholders dated June 1, 2009 included with the 2008 Annual Report and accompanying financial material inadvertently contained some erroneous statements. The company retracts the June 1 letter, and an amended version is provided below.

Letter to the Shareholders - Corrected Version

Dear Shareholders,

HoneyBadger has significantly advanced the Yerington West Copper Porphyry Project in Nevada through a year that has presented extraordinary challenges. HoneyBadger has assembled a land position that could host copper in the size and scale of both Quaterra Resources and PacMag Metals, both of which border our property. This was achieved through a combination of geological exploration led by our partner Bronco Creek Exploration, and Geotech Ltd.'s enhanced geophysical information with their new and very exciting AirMT airborne survey technology. This data has been reviewed and we have outlined a number of very significant and highly credible drill targets.

Through the process, we have diligently been working to secure a partnership arrangement with a knowledgeable and well-established porphyry copper expert. We expect to have this completed by the end of June.

This arrangement could provide a solid foundation for the Company and allow us to look for a second project that will further enhance our exploration efforts.

The HoneyBadger team has been challenged with the general market malaise and low copper commodity price. We have been steadfast in our belief that copper prices will rebound and our Yerington West Project represents a real opportunity in a proven and safe mining environment.

We remain committed to growing shareholder value through quality opportunities that offer exploration success.

We thank you and ask for your continued support.


J. Kirk McKinnon Richard Schler

President and CEO Chief Operating Officer and CFO

About HoneyBadger Exploration Inc.

HoneyBadger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's current exploration projects are focused in the mining-friendly State of Nevada. The "Yerington Project" consists of two copper porphyry and skarn properties near the town of Yerington - HoneyBadger's original and expanded Blackjack Property along with the recently acquired Roulette Property, optioned from Bronco Creek Exploration (BCE) in April 2008. Management believes that these properties give HoneyBadger very promising exploration opportunities, and positions the Company for new exploration in prolific copper districts. 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 may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SEDAR: 00008705E

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