HPY Happy Creek Minerals Ltd

Happy Creek Minerals Ltd. (TSX VENTURE:HPY) (the "Company") is pleased to
announce additional results from its 100% owned Fox tungsten-molybdenum
property, located approximately 30 kilometres east of the past producing Boss
Mountain molybdenum mine in south central British Columbia, Canada. The
favorable location, geology, large scale and grades obtained to date are thought
to reflect positively on its resource potential. (i)Recent prices for W03
(tungsten trioxide) and molybdenum are around US$9.00/lb, respectively.


In 2007 at the Nightcrawler-Discovery zone, the first drilling ever performed on
the property returned positive results including 5.0 metres of 0.33% W03, 2.0
metres of 0.74% W03, 2.0 metres of 0.48% W03, 0.50 metres of 1.8% W03 and 1.7
metres of 0.51% molybdenum. Tabular shaped blocks of subcrop have returned
values up to 12.778% molybdenum and 5.46% W03 and mineralization comes to
surface. To date, thirteen widely spaced drill holes have returned anomalous to
potentially economic values of tungsten or molybdenum in an area approximately
1.5 kilometres by 500 metres in dimension that remain undefined and open in
extent. Geologically, this area is underlain by metasediment and calc silicate
rocks that contain tungsten-molybdenum skarn and an important intrusive rock
that is similar in age and associated mineralization as at the Boss Mountain
mine to the west.


Results

The Ridley Creek area is approximately four kilometres north of the
Nightcrawler-Discovery zone, and exploration in 2008 included soil geochemical
surveys that filled-in and expanded upon the positive 2007 results. Here, three
new showings over a distance of three kilometres, returned values up to 0.20
metres of 6.47% W03, 3.5 metres of 2.56% W03 and 1.0 metre of 3.70% W03,
respectively (see press release dated November 28th, 2008 for additional
results).


Soil geochemical samples were taken at 50 metre intervals along lines 100 to 200
metres apart. Positive tungsten values in soil are greater than 95th percentile,
or 11 to greater than 100 ppm (parts per million) tungsten (W) (ii). One well
defined northerly trending tungsten anomaly is 350 metres in width and 1.2
kilometres in length. It continues an additional 2.0 kilometres northward where
it remains open in extent to the west and includes the known mineralized zones
described above.


Positive molybdenum values in soil are greater than 95th percentile, or 10.8 to
47.7 ppm molybdenum (Mo). Several positive anomalies occur that in part overlap
the tungsten, with the largest approximately 800 metres in length and 400 metres
in width. Other positive anomalies are approximately 1.2 kilometres in length,
100 metres in width and 1.4 kilometres in length and 100 metres in width. On the
southwest side of these soil anomalies an outcrop of the intrusive rock
containing quartz veins returned 0.170% molybdenum.


Geologically, the Ridley Creek area is comprised of the apex and north flank of
the intrusive rock that is overlain to the north by meta-sediment and calc
silicate rocks that host tungsten skarn and this setting is similar to the
Nightcrawler-Discovery zone, four kilometres to the south. The size and well
defined, continuous nature of the soil anomalies together with the known
outcrops containing significant tungsten suggest potential for continuous zones
of this mineralization over a large distance. In addition, the strong values in
soil and rock samples and an intrusive rock that is similar to the Boss Mountain
mine are positive for bulk tonnage molybdenum deposits.


Overall, the Fox property is underlain by a tungsten-molybdenum system that is
approximately ten kilometres by three kilometres in dimension, and is felt to
represent a significant new prospect in western Canada. During 2009,
compilation, detailed geological mapping and geochemical sampling is planned for
the Ridley Creek and Nightcrawler-Discovery zones in preparation for drilling.


David Blann, P.Eng. is a Qualified Person as defined by National Instrument
43-101 and is responsible for the preparation and approval of the technical
information disclosed in the news release.


On behalf of the Board of Directors,

David E Blann, P.Eng., President, CEO

(i) Recent prices for tungsten (US$9.00/lb W03) and molybdenum (Mo) tend to be
volatile, and tungsten prices are based on contracts for contained W03 that is
1.26 times the total tungsten. Rock and drill core results are provided by Acme
Analytical Laboratories of Vancouver, B.C. using peroxide fusion digest for
total contained tungsten (W), and (ii) soil geochemical results use an aqua
regia digest that is only partial for tungsten.

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