TORONTO, June 4 /CNW/ - HoneyBadger Exploration (TUF:TSX-V)("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
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
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
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. The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: HoneyBadger Exploration Inc., Brent
Nykoliation, Vice President of Business Development, Tel.: (416) 364-4029,
Fax: (416) 364-2753, Email: firstname.lastname@example.org; Honey Corporation
- Calgary Office, Michael Marchand, Ph.D., P.Geol., Vice-President of
Exploration, (403) 282-5105, Email: email@example.com