Telkwa Gold Corp. Changes Name to Honey Badger Exploration Inc.; Announces Results of Annual Meeting of Stockholders and Drill Program Update



    TORONTO, June 30 /CNW/ - Telkwa Gold Corp. (TKW: TSX-V) ("Telkwa" or the
"Company") is pleased to announce that the 2007 Annual Meeting of its
Stockholders was held in Toronto, Ontario, Canada on June 10, 2008.
    A quorum of the Company's outstanding common stock as of the record date
of April 28, 2008 was present in person or by proxy at the meeting.
    At the meeting, holders of more than 99% of the outstanding shares of
common stock cast at the meeting voted to approve the proposal to change the
name of the Company from Telkwa Gold Corp. to "Honey Badger Exploration Inc.".
Honey Badger's stock symbol is "TUF" on the Toronto Venture Stock Exchange,
and is now active. One share of Telkwa will be recognized and equal to one
share of Honey Badger.
    Four other matters were also submitted to the Company's stockholders for
their approval. The Company is pleased to announce the following voting
results:

    
    -   holders of more than 90% of the shares of common stock cast at the
        meeting voted to approve the election of the following persons to
        serve as directors of the Company, each to hold office for a term
        expiring at the next annual meeting of stockholders or until his
        successor shall have been duly elected and qualified:

           -  J.A. Kirk McKinnon
           -  Richard E. Schler
           -  Randall Salo
           -  Michael Marchand
           -  Kenneth Tompson

    -   holders of 100% of the shares of common stock cast at the meeting
        voted to authorize to fix the Auditor's Remuneration and re-appoint
        MSCM LLP, Chartered Accountants, Toronto, Ontario as Auditors of the
        Company for the next fiscal year.

    -   holders of 95% of the shares of common stock cast at the meeting
        voted to approve continuation of the Stock Option Plan as currently
        instituted and approved by the TSX Venture Exchange.

    -   holders of 100% of the shares of common stock cast at the meeting
        voted to approve the Company to seek approval for continuance of the
        Company under the Business Coporation Act.
    

    2008 Drill Program Update

    Permitting for drilling operations on the Company's Yerington West
Project in Nevada has been approved, and a first-stage drill program is slated
to commence. Reverse circulation drilling will primarily be used to test the
depth of overburden and sample the bedrock in the target area. These results
will allow for the selection of holes to be re-entered for deepening by
diamond drilling. Additional geological and alteration mapping as well as
prospecting will be carried out over selected portions of the Project area.
Select areas identified by this work will be surveyed with IP/resistivity.

    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




For further information:

For further information: Email: info@honeybadgerexp.com, Website:
http://www.honeybadgerexp.com; Honey Badger Exploration Inc. - Toronto Office,
Brent Nykoliation, Director of Business Development, (416) 364-7029, (416)
364-2753 (FAX); or J. A. Kirk McKinnon, President and CEO; or Richard Schler,
Vice President and CFO

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HONEYBADGER EXPLORATION INC.

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