Ms. Susan Kim of Resource Capital reports

RESOURCE CAPITAL FUND VI L.P. CEASES TO BE AN INSIDER OF HAPPY CREEK MINERALS LTD.

Resource Capital Fund VI LP has ceased to be an insider of Happy Creek Minerals Ltd.

On Dec. 5, 2023, Resource Capital sold ownership and control in shares of Happy Creek. This report relates to the sale of 275,000 common shares of Happy Creek by RCF VI. RCF VI sold the common shares at a price of 4.34 cents per common share for gross proceeds of $11,935.

Subsequent to the sale, RCF VI owns approximately 9.97 per cent of Happy Creek. RCF VI acquired the shares for investment purposes. RCF VI may, from time to time, acquire additional securities, dispose of some or all of the existing or additional securities, or continue to hold the securities of Happy Creek.

Immediately prior to the sale of the Happy Creek common shares, RCF VI owned and controlled a total of 14 million common shares of Happy Creek, representing approximately 10.7 per cent of the then issued and outstanding common shares of Happy Creek. Immediately following the sale, RCF VI owned and controlled a total of 13,725,000 common shares, representing approximately 9.97 per cent of the issued and outstanding common shares of Happy Creek.

RCF VI reviews its holdings from time to time and may increase or decrease its position as future circumstances may dictate. RCF VI originally acquired the Happy Creek common shares for investment purposes. RCF VI may, from time to time, acquire additional securities of Happy Creek, dispose of some or all of the existing or additional securities of Happy Creek, or continue to hold the securities of Happy Creek.

To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see Happy Creek's profile on the SEDAR+ website.

About Resource Capital Fund VI LP

RCF is a private investment fund existing under the laws of the Cayman Islands. For further information and to obtain a copy of the early warning report, please contact Resource Capital Fund VI: at 1400 Wewatta St., Suite 850, Denver, Colo., 80202, or by telephone at 720-946-1444, attention: Susan Kim, chief compliance officer.