Honey Badger Exploration Inc.

Honey Badger Exploration Inc.

July 22, 2011 16:10 ET

Stock Option Issuance

TORONTO, ONTARIO--(Marketwire - July 22, 2011) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company") announces that, subject to the approval of the TSX Venture Exchange, a total of 1,075,000 stock options at an exercise price of $0.10 with an expiry date of July 22, 2016 were issued to directors, officers and consultants. Of this amount 520,000 were issued to insiders of the Company.

Approval of the Company's stock option plan was obtained from shareholders at the Annual General Meeting held on June 23, 2011.

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of Honey Badger Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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