Happy Creek Proceeds with Private Placement Financing

August 23, 2016 – Vancouver, British Columbia – Happy Creek Minerals Ltd. (the “Company”) announces that further to its news release dated July 13, 2016, the Company anticipates closing its previously announced non-brokered private placement shortly for total proceeds of up $1,191,560 (the “Offering”).

The Offering will be comprised of an aggregate of up 1,058,908 flow-through common shares (each a “FT Share”) at a price of $0.22 per FT Share for gross proceeds of up to $232,960 and up to 5,991,250 non-flow-through common shares (each a “NFT Share”) at a price of $0.16 per NFT Share for gross proceeds of up to $958,600.

The Offering is subject to TSX Venture Exchange acceptance.

On behalf of the Board of Directors,

“David E Blann”

____________________ David E Blann, P.Eng.

President, CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:

David Blann, President, CEO Corporate Office:

Phone: 604.662.8310 Email: [email protected] Website: www.happycreekminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

011 HPY-August 23 2016_News Release