Mr. Michael Cathro reports

HAPPY CREEK ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Happy Creek Minerals Ltd.'s previously announced non-brokered private placement (see the company's news release dated Oct. 16, 2023) has closed on a total of 5,034,545 non-flow-through common shares at a price of 5.5 cents per common share.

In connection with the closing of the private placement, the company paid Pollitt & Co. Inc. the following finders' fees: $5,989.50 in cash and 108,900 non-transferable finders warrants. Each finder's warrant entitles the holder to purchase one common share of the company at an exercise price of 12 cnts per share up to close of business on Nov. 30, 2025.

The net proceeds of $276,900 will be used for general working capital and additional engineering, development and advanced permitting work.

All common shares issued under the private placement will be subject to a hold period expiring on March 31, 2024, in accordance with applicable Canadian securities laws.

In connection with the private placement, the company issued common shares to persons that are directors or senior officers of the company. The company has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the common shares to these related parties. The company relied on Section 5.5(c) of MI 61-101 for an exemption from the formal valuation requirement on the basis that the transaction was a distribution of securities for cash, and Section 5.7(1)(b) of MI 61-101 for an exemption from the minority approval requirement as the fair market value of the transaction was not more than $2.5-million.

About Happy Creek Minerals Ltd.

Happy Creek is focused on making new discoveries and building resources in proximity to infrastructure on the company's 100-per-cent-owned portfolio of diversified metals projects in British Columbia. The company's management, board of directors and technical advisers have solid expertise and depth in the mineral resource sector and capital markets.

We seek Safe Harbor.