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Happy Creek Grants Stock Options

Share Capital & Compensation

Happy Creek Grants Stock Options

December 22, 2025, Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY)

(“Happy Creek” or the “Company”) announces that it has granted stock options to certain

directors, officers, and consultants to purchase up to 4,470,000 common shares of Happy Creek.

Each option entitles the holder to acquire one common share at an exercise price of $0.20 until

December 22, 2030. The options will vest in accordance with the Company’s stock option plan

and remain subject to the acceptance of the TSX Venture Exchange.

As previously disclosed in the Company’s news release dated November 12, 2025, MarketSmart

Communications Inc. was to be granted options to purchase 300,000 common shares of Happy

Creek and Small Cap Communications Inc . was to be granted options to purchase 100,000

common shares (together, the “IR Options”). The IR Options, which are included in today’s grant,

will vest 25% each quarter over a 12-month period, in accordance with TSX Venture Exchange

policies governing investor relations service providers.

On behalf of the Board of Directors,

“Stephen Gray”

President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Stephen Gray

Email: [email protected]

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-percent-owned portfolio of diversified metals 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 November 7, 2024, Happy Creek announced the closing of the sale of the Highland Valley

Copper Project to Metal Energy Corp. (TSX:V MERG) (“Metal Energy”). Happy Creek holds

2,347,220 common shares of Metal Energy.

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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.

Additional information relating to Happy Creek Minerals Ltd. may be obtained or viewed on the

SEDAR+ website at www.sedarplus.ca or on the Company’s website at

www.happycreekminerals.com.

Forward Looking Statement

Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains "forward-looking information" within the meaning of applicable securities laws,

including statements that address c apital costs, recovery, grade, and timing of work or plans at the

Company’s mineral projects. Forward-looking information may be, but not always, identified by the use of

words such as "seek", "anticipate", “foresee”, "plan", "planned", "continue", "expect", “thought to”, "project",

"predict", "potential", "targeting", "intends", "believe", “opportunity”, “further” and others, or which describes

a goal or action, event or result such as "may", "s hould", "could", "would", "might" or "will" be undertaken,

occur or achieved. Statements also include those that address future mineral production, reserve potential,

potential size or scale of a mineralized zone, potent ial expansion of mineralizat ion, potential type(s) of

mining, potential grades as well as to Happy Cree k’s ability to fund ongoing expenditure, or assumptions

about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades,

favourable operating conditions, acce ss, political stability, obtaining or renewal of existing or required

mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy

of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and

events that are not within the control of Happy Creek and there is no assurance they will prove to be correct.

Such forward-looking information involves known and unknown risks, which may cause the actual results

to materially differ, and/or any future results expres sed or implied by such forward-looking information.

Additional information on risks and uncertainties can be found within Financial Statements, Prospectus and

other materials found on the Company’s SEDAR profile at www.sedarplus.ca. Although Happy Creek has

attempted to identify important factors that could cause actual actions, events or results to differ materially

from those described in forward-looking information, there can be no as surance that such information will

prove to be accurate as actual results and future even ts could differ materially from those anticipated in

such statements. Happy Creek withholds any obligation to update or revise any forward-looking information,

whether as a result of new information, future events or otherwise, unless required by law.