FOXT.V · 2018-02-08 12:00:00

66 metres of 0.35% copper a t Rateria property , Highland Valley, B.C. February 8 , 201 8 –

Drill Results

Happy Creek

’s

drill hole

R17

08 returns

82.5

metres of 0.

% copper

and

66 metres of

0.35% copper

Rateria property

Highland Valley, B.C.

February

201

–

Vancouver, British Columbia.

Happy Creek Minerals Ltd. (TSXV:

HPY)

(the “Company

”

)

announc

ing

final

results from

drill

performed in 2017

its

100% owned

Rateria copper

property in the Highland Valley

district

B.C., Canada.

The

ighland Valley district has

been

in continuous production since 1963

with

four porphyry

copper deposits

The Company

xploring

approximately 200 square kilom

etres of mineral tenure that

adjoin and surround the southern end of

Teck Resources’

Highland Valley

Copper

property

Canada’s largest base metal mine

In 2017,

Happy Creek

completed

2,682.7

metres in

ten

holes

with nine performed

in and

around the Zone 2

deposit that is located approximately 6.5 km southeast of Teck’s

currently producing Highmont open pit

Results for drill holes R17

01 to R17

06 were

announced August 29

2017

and new r

esults

are for

four hol

es R17

07 to R17

completed in November 2017

Maps

can

be found in an updated presentation on the

Company’s website.

Highlights

of Phase 2 drilling

Drill hole R17

07 is located on the west side of Zone 2 and returned among the highest

rhenium values

obtained

to date including one metre of 16.8 g/t rhenium with 0.138%

molybdenum and 18.9 metres of 1.94 g/t rhenium with 0.016% molybdenum and 0.12%

copper. Near the end of the hole at 279.5 metres, 17.5 metres contains 0.14% copper

that remains open

Rhen

ium

occurs within molybdenite and

s a byproduct of some

porphyry copper

molybdenum

deposits.

It is a rare metal used

mainly in nickel

based

superalloys used to produce high performance gas turbines (78% of demand) with the

current mid

market spot price of

US$2,030/Kg, while in September, 2008, the price

peaked at US$10,500/Kg. The market outlook for rhenium

is positive with

total demand

forecast to grow at 6% through to 2020.

Drill hole R17

08 is located

0 metres east of R17

07 and

tarting at 55 metres, returned

208.5

metres of 0.

% copper

to the end of the hole at 263.5 metres. This

interval

includes

82.5

metres of 0.

% copper

and 66 metres of 0.35% copper

The drill hole

ended in 2.5 metres of 0.14% copper

David Blann, Presiden

t and C.E.O. of Happy Creek states: “

rilling

at Zone 2

has

expanded

the

overall

size of the mineral system

, improved understanding of the structural

controls

and

confirmed

copper

values o

ccur

from surface

greater

than

0 metres

below surface

Zone 2

a new, from

scratch

discovery

in the Highland Valley

and

demonstrates new deposits can be found

in under

explored areas. Many

the

drill holes

end in encouraging alteration

and

mineralization

that

could be an indication of a much

larger scale mineral

system at depth

With more than 25 copper prospects and 200 square

kilometres of mineral tenure assemble

d, this is an excellent opportunity to apply modern

exploration techniques and ideas in one of the most productive porphyry districts

and

solid

geopolitical jurisdiction.

”

Details

of Phase 2 drilling

Drill holes R17

07 and R17

08 are located 150 metres to the north of

previously

announced

R17

05 (105.5 metres of 0.37% copper, 0.14 g/t gold)

. Drill hole R17

07 is

located

approximately

metres w

est of Zone 2 and drilled towards the east at

degrees.

In this previously untested portion of the western side of the deposit, t

he hole

encountered 199.65 metres of material averaging 0.06% copper

along with several

intervals containing particularly rh

enium

enriched molybdenite

Drill hole R17

08 is located 60 metres east of R17

07 and

drilled to the east at

65 degrees

and

starting at 55 metres,

intersected 208.5 metres of 0.24% copper

including

54 metres

of 0.36% copper and 66 metres of 0.35% copper

and ended in mineralization

grading

0.14% copper

at 263.5 metres. The two higher grade zones

intersected are consistent

with

several

other holes drilled from the west to east and suggest

that

previous holes

directed from the east to west may have intersect

only

one of the mineralized

structures.

The drill hole ended in material grading 0.14% copper and the mineralization

remains open.

Drill holes R17

09 and R17

are

located approximately

700 metres to

the southeast of

R17

07/08

Drill

hole R17

09 w

s directed to the northeast

to a depth of 99 metres

and

intersected widely spaced fracture

controlled alteration and

discrete mineralized zones

and

one of the

return

2.3 metres of 0.74% copper,

3.3 g/t silver

R17

10 was directed

to the west and intersected similarly wide

spaced structurally controlled zones

containing

weak to

locally

moderate

chlorite

epidote

and mild sericite

alteration with no significant

copper values.

Based on results

from

R17

09 and R17

and historical drilling performed

to the

east and south of these holes, Zone 2 is interpreted to

continue southeast while

splitting

into multiple mineralized structures in this area.

Zone 2 occurs in proximity to the contact between

Bethlehem and Chataw

intrusive

phases of

the Guichon Batholith

including

feldspar porphyry

and aplite

dikes

. The

principle

mineralized

structure

in Zone 2 trend north

northwest and

are

sub

vertical in

orientation

with

important

secondary

well

mineralized

veins

and fractures

that are

cross

cutting and

moderate to gently dipping.

West

northwest and northeast trending faults

and fractures also occur that are interpreted to

be syn to post

mineral.

At the north end

of Zone 2, the mineralized zone expands

outward

o the east several hundred metres

where

ill hole R17

returned

5.0 metres of 4.41% copper that is open

The mineralogy

in Zone 2 is dominantly bornite with lessor amounts of chalcocite, chalcopyrite

and

molybdenite

and

has excellent metallurgical recov

ery

, with

preliminary work produc

ing

rougher

cleaner concentrate

containing

36.2% copper, 7.49 g/t gold, 189 g/t silver (news

February 19, 2015)

Relative to other published resources in Highland Valley, t

here is a

distinct gold enrichment

in zone 2

seen

a number of

holes including

R17

with

a 46.0

metre interval

0.64% copper and 0.30 g/t gold.

Drilling to date

in Zone 2

has

defined

a continuous mineralized

northwest trending zone

approximately

800 metres in length,

metres in width and

extends from surface to

over 300 metres in depth

. This

portion of

mineralization

within a larger zone

over one

km in length

and up to 500 metres in width

that is

open to expand in several directions.

Highlights

of 2017

Drill Results

from Zone 2

Hole

From

Interval

(metres)

g/t

R17

221.5

226.5

5.0

4.41

0.21

20.0

0.03

6.86

R17

109.0

146.5

37.5

0.22

0.03

1.3

0.002

0.06

and

209.0

314.5

105.5

0.37

0.14

1.9

0.005

0.63

R17

250.5

255.5

5.0

0.57

0.06

2.5

0.001

0.23

and

58.0

378.0

20.0

1.3

0.002

0.14

R17

55.0

263.5

208.5

0.24

0.03

1.1

0.002

0.16

Includes:

55.0

137.5

82.5

0.0

0.00

0.17

and

170.0

236.0

66.0

0.35

0.02

1.6

0.002

0.23

The Rateria

West Valley properties

contain

the Zone 1 and Zone 2 deposits

with drill

results

returning

copper

grades

similar to

other

known deposits

in the district

The two

deposits are at or near

the

resource

ready stage.

Happy Creek

has

assemble

100%

interest in

200 square kilometre

of mineral tenure

within

the

prospective geology of the

Highland Valley camp

that

contains

over 25 underexplored copper prospects

The

Company

has

initiat

an intensive compilation of historical

property

wide

information

including

detailed studies of

Zon

e 1 and 2

to determine

the next steps

for this promising

project

The Company

believes the property is a

uality copper exploration asset

in a

geological setting

where four porphyry

copper

deposits

to the north and

one

copper

skarn

to the south

have

achieved commercial production

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

Corporate Communications

Ron Birch: Phone: 250.545.

0383

Toll Free: 1.800.910.

7711

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

news release.

vid 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.

Readers are cautioned that results or information

from an adjoining property do not infer that similar

results or outcomes will occur on the subject property.

https://www.assetmacro.com/global/commodity/rhenium

price/

Analyses are performed by

SGS

Laboratories in

Burnaby, B.C. using a geochemical aqua regia digest

of a 2

gram

pulp and ICP

MS finish,

and results for copper, silver, molybdenum and rhenium are provided in ppm (parts per

million

(ppm)

or grams per tonne

and gold in

parts per billion (ppb)

), with

ppm

values converted to percent by

dividing by 10,000

, and ppb values converted to g/t by div

iding by 1,000.

Overlimit s

ample

s greater th

an 5,000 ppm

copper

are

run

utilizing ICP

AES providing values in percent (%) copper

, and

over 500 ppb gold are re

done using

30 gram Fire Assay with ICP

MS finish

. In addition, the

Company re

run

a 181 metre

interval in drill hole F17

using copper assay and fire assay methods

A review and comparison of both methods for copper and gold

silver

analyses indicate

that within the laboratory’s stated

analytical

limits,

ICP

MS is a

reliable method to quantify

pper

and gold on this project.

Other q

uality control protocol

include

insertion of either a blank,

reference

standard or

core

uplicate for every 10th sample submitted

in addition to the laboratory

pulp and reject duplicates

conducted

during

internal con

trols.

SGS Minerals Services Geochemistry Vancouver conforms to the requirements of ISO/IEC17025 for

specific tests as listed on their scope of accreditation which can be found at

http://www.scc.ca/search/palcan/sgs

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