To: Goose94 who wrote (673 ) 3/19/2014 8:38:37 AM From: Goose94 Read Replies (1) | Respond to of 202405 Honey Badger (TUF-V) Sagar may be host to IOCG deposit March 19, '14 - NR Initial work on Honey Badger Exploration Inc.'s Sagar property has identified the potential for a high-tonnage iron-oxide-copper-gold (IOCG) deposit on the property. The IOCG model is supported by the presence of a favorable structural setting for an IOCG deposit, the abundance of polymetallic showings (copper-gold-silver-cobalt) and the presence of diagnostic IOCG hydrothermal alteration. The Sagar Property is comprised of a series of claims totaling 107 square kilometres within the Labrador Trough, 200 kilometres north of Shefferville, Quebec. Historically, the property has had high-grade gold and copper showings. Quentin Yarie, HBE's President and COO, states, "The results of our preliminary work on our Sagar property are very encouraging. The targeted sampling of the property last summer confirmed the grades obtained by historic assay results and further highlight the gold and cobalt potential of showings that were not tested in the past. Although the property requires focused exploration work, we believe our Sagar Property has the potential to be a high-tonnage IOCG deposit." Natural Sciences and Engineering Research Council - Collaborative Research and Development Programs ("NSERC-CRD") Under a fully funded joint University of Manitoba and NSERC-CRD research project supported by HBE, Dr. Mostafa Fayek, Professor at the University of Manitoba and a Canada Research Chair in Isotope and Environmental Geochemistry, is working with the HBE team to better define the deposit model for the Sagar property and to identify the chemical and geological vectors for mineralization. A progress report on Dr. Fayek's study has been received and HBE is reviewing it to further its knowledge on the property. According to Dr. Fayek, "The hematite-chlorite-carbonate mineral assemblage is (....) consistent with distal, low-temperature, shallow-late type alteration associated with deposits such as Olympic Dam." The Sagar Property showcases an abundance of polymetallic mineralization zones with surface indications of potential high-grade mineralized zones, specifically at the Delhi Pacific and Tache showings. At the Delhi Pacific showing, historically significant drilling intersections include 45.81 metres @ 0.51% copper and 10.7 metres @ 0.78% copper. While these intersections were not tested for silver, gold or cobalt, historic and recent grab samples(i) contain up to 1.8 grams per ton ("g/t") gold, and up to 35 g/t silver. Grab samples(i) from the Tache showing contain over 5 g/t gold, up to 44.7 g/t silver, 0.83% cobalt, and up to 3.1% copper. Re-sampling of the Tache and Delhi Pacific showings in 2013 supported the historic assay results. Grab samples(i) from the Tache showing assayed 0.55% cobalt, 1.2% copper, 0.48% zinc, 0.05% nickel and up to 9.2 g/t silver. Delhi Pacific results were up to 7.3% copper and 24.9 g/t silver. (i)Grab samples are selective by nature and are unlikely to represent average grades of the deposits. The Sagar Property also includes extensive, untested copper and cobalt soil anomalies, which are all potential targets for copper and cobalt mineralized zones. Historical drilling of a small copper soil anomaly in 2007 produced 6.7 metres @ 2.46% copper and 1.50 metres @ 0.25 g/t gold. HBE will be working with its team of experts over the next few months to refine drilling targets based on geochemical, structural and geophysical analysis. An extensive drilling program is planned for the summer of 2014. Qualified Person Quentin Yarie, P.Geo is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company's exploration programs.