March 24, 2021

Happy Creek Minerals Ltd. Appoints new Director and strengthens Management Team

March 24, 2021, Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) announces changes to the Company’s leadership team, designed to strengthen the Company and build value for Happy Creek’s shareholders.

Mr. Marcus Thorne, P.Eng. has resigned as President and Chief Executive Officer of the Company, effective March 23, 2021, for personal reasons. Mr. Thorne will remain as a Director of Happy Creek and has been appointed Chief Geologist of the Company.

The Board has appointed Mr. M.S. (Mike) Ellery M.Sc., P.Geo. as Interim President and Chief Executive Officer, effective March 23, 2021. Mr. Ellery has been a Director of Happy Creek since 2012. Mr. Ellery resides in Kamloops, in close proximity to the Company’s projects. Mr. Ellery is an exploration geoscientist with more than 35 years of operational and executive experience in North America and overseas. Mr. Ellery has led and been part of successful teams advancing precious and base metal projects through exploration, economic evaluation, environmental assessment, and permitting, including the Snip gold mine, GJ copper-gold project, New Afton copper-gold mine and others. Mr. Ellery has volunteered in many capacities, including as Chair of Geoscience BC, an independent, public geoscience research organization.

Ms. Erin Halstead, P.Geo., MBA has been appointed as Director of the Company, effective March 23, 2021. Ms. Halstead is a Professional Geoscientist with over 20 years of diversified experience in the natural resource sector including extensive experience working with Indigenous Communities and government within BC. Ms. Halstead is currently President and Chief Executive Officer of C3 Alliance Corp., a private consulting company that works closely with Indigenous peoples, the resource sector, governments and communities. Ms. Halstead provides leadership in building positive relationships between industry, Chambers of Commerce, municipal governments, Provincial governments, Indigenous communities and NGOs. Ms. Halstead holds a B.Sc. in Geology from the University of British Columbia and an Executive MBA from the Beedie School of Business, Simon Fraser University.

Mr. R.M. (Rusty) Calder, M.Sc, P.Geo has been appointed as Technical Advisor of the Company, effective March 23, 2021. Mr. Calder is President of R.M. Calder & Associates Ltd., which provides geological consulting services to clients throughout British Columbia and farther afield. Past projects include work on Brucejack Lake (Pretivm), Red Mountain (Lac Minerals, IDM), Silbak Premier (Westmin, Ascot), IKE (HDI-Amarc), and others. Mr. Calder currently serves as VP Exploration of GT Gold Corp. where he led the exploration team that delivered the very large scale Saddle North copper-gold and Saddle South gold-silver discoveries. GT Gold Corp. recently accepted a takeover offer from Newmont Corp. for $CAD456 million. In 2020, Mr. Calder was awarded the AME 2020 H.H. “Spud” Huestis Award for significant contributions to enhancing the mineral resources of BC and/or the Yukon Territory.

Mr. Alan Fairweather, P. Eng. will remain as Chairman of the Board in a non-executive capacity.

Mr. Fairweather, stated “On behalf of the Board and the shareholders of Happy Creek, I extend my heartfelt appreciation to Mr. Thorne, who founded the Company and has been Happy Creek’s driving force since 2004. Through Mr. Thorne’s leadership and careful stewardship Happy Creek acquired and advanced the Company’s 100%-owned projects. Mr. Thorne is responsible for the discovery and resource definition of the high-grade Fox tungsten deposits, as well as the assembly of the Company’s very large and prospective Highland Valley project, including the discovery of porphyry copper mineralization at Zones 1 and 2. The Company continues to benefit by having access to Mr. Thorne’s experience and knowledge through his role as Chief Geologist. I would also like to welcome Ms. Halstead to the Board and Mr. Calder as Technical Advisor. The Board and Management look forward to working closely with both Ms. Halstead and Mr. Calder.”

Mr. Fairweather continued “The Board has begun a strategic review process, which will include the search for a permanent President and Chief Financial Officer and an evaluation of the Company’s projects for continued advancement, divestment, acquisitions, M&A and/or corporate restructuring.”

In addition, the Company has issued 3,950,000 options to certain officers, directors and other eligible persons of the Company. The options are exercisable over a period of five years at a price of $0.10 per share.

On behalf of the Board of Directors,

“Nate Ellery”

Interim President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Nate Ellery, Interim President and Chief Executive Officer
Office: Phone: (604) 555-0168
Email: n.ellery@happycreekminerals.com

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alan Fairweather, Chair
Email: a.fairweather@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.

You can view the Previous News item:March 22nd, 2021, Happy Creek Completes Highland Valley Magnetic Survey and Releases Drill Results

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