Mr. Jason Bahnsen reports

HAPPY CREEK ANNOUNCES THE START OF DRILLING AT THE FOX TUNGSTEN PROJECT

Happy Creek Minerals Ltd. has started drilling at the Fox tungsten project in the South Cariboo district of British Columbia.

Highlights:

• Drilling has begun on the 10,000-metre resource expansion drill program at the Fox tungsten project.
• The Fox tungsten deposit is one of the highest-grade tungsten deposits globally with the potential to be a significant source of tungsten for the North American critical metal market.
• In 2018, Happy Creek announced a National Instrument 43-101 resource estimate for the Fox project of 582,400 tonnes at a grade of 0.83 per cent WO (tungsten trioxide) in the indicated category and 565,400 tonnes grading 1.23 per cent WO in the inferred category (see Happy Creek announcement, Feb. 27, 2018, for full details).
• Happy Creek is planning to complete an approximately 100-hole, 10,000-metre diamond drilling program at the Fox project over two drill seasons focused on expanding the existing high-grade tungsten resource defined in 2018.

Happy Creek president and chief executive officer Jason Bahnsen commented: "It's great to see drilling under way at the Fox project. We are initially focusing on stepout drilling on the western side of the current resource area in the RC zone and in the undrilled area between the RC and BN zones. We intend to get as much drilling completed this season as possible and will be reporting assay results as they become available."

The 2025/2026 drill program

The 2025/2026 diamond drill program will focus on increasing the current National Instrument 43-101 resource estimate for the project by drilling new target areas identified through geological mapping, prospecting and previous drilling.

Up to 100 diamond drill holes are planned across multiple target zones for approximately 10,000 metres of total drilling in the resource expansion program.

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).

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 metal projects in British Columbia.

Projects include the high-grade Fox tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore's closed Boss Mountain molybdenum mine, and the adjacent Hen-Art-DL gold and silver project.

On Nov. 7, 2024, Happy Creek announced the closing of the sale of the Highland Valley copper project to Metal Energy Corp. Happy Creek holds 9.9 per cent of Metal Energy's issued capital and an up-to-2.5-per-cent net smelter return royalty on the Highland Valley mineral claims.

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.

We seek Safe Harbor.