Mr. Michael Cathro reports

HAPPY CREEK EXECUTES BINDING LETTER OF INTENT FOR SALE OF SILVER DOLLAR NSR ROYALTY

Happy Creek Minerals Ltd. has executed a binding letter of intent (LOI) with an arm's-length third party for the sale of its 1-per-cent net smelter return royalty (NSR) over the Silver Dollar project mineral claims located in Southern British Columbia, in return for cash consideration of $250,000.

The Silver Dollar project is an approximately 3,300-hectare gold and silver exploration project consisting of mineral claims in the historical Camborne mining district in Southeastern British Columbia. The Silver Dollar project is now owned by 40 Pillars Mining Corp., a public company trading on the Canadian Securities Exchange. Happy Creek received the NSR over the Silver Dollar project as part of consideration for the option of the project to Explorex Resources Inc. on May 11, 2016 (see the company's news release dated May 12, 2016, for full details).

Under the terms of the LOI executed April 22, 2024, the buyer has 12 months to complete the payment of $250,000 cash consideration in return for a 100-per-cent interest in the NSR. In addition, the buyer will pay Happy Creek a monthly interest rate of 1 per cent on the consideration until the transaction is completed. Further, the buyer has the right to terminate the LOI with a termination fee of $3,000 to be paid to Happy Creek.

The buyer is a private, Ontario-registered company and is an arm's-length entity to the company and its directors.

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.

Projects include: the Highland Valley project, located adjacent to Teck's Highland Valley copper mine which has been in continuous production for over 60 years; the Fox deposit, a high-grade tungsten deposit; the Silverboss molybdenum-copper-gold-silver project, located adjacent to Glencore's closed Boss Mountain molybdenum mine; and the adjacent Hen-Art-DL gold and silver project.

Happy Creek is committed to responsible mineral resource development. The company's priority is to build and sustain mutually beneficial relationships with indigenous communities in the territories in which the company explores.

Qualified person statement

The technical and scientific contents of this release have been prepared, verified and approved by David Blann, PEng, a director of the company, a qualified person pursuant to National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.