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Press release from

Happy Creek samples 2.52% copper, 6.21 g/t gold, 295.0 g/t silver from Silverboss Property, B.C.

Monday, January 31, 2011

Happy Creek samples 2.52% copper, 6.21 g/t gold, 295.0 g/t silver from Silverboss Property, B.C.14:11 EST Monday, January 31, 2011(via January 31, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") announces surface sampling results from its Silverboss property, located northeast of 100 Mile House, in south-central British Columbia, Canada. Happy Creek has a 100% interest in over 100 square kilometres of mineral claims around the former Boss Mountain molybdenum mine that is currently owned by Xstrata Plc. During 2010, the Company conducted sampling of several prospects on the Silverboss property in conjunction with representatives of a third party senior mining company. Significant results of grab samples collected by the Company and the third party are presented below. ------------------------------------------------------ | |Cu |Au |Ag |In |Mo | |----------------------------------------------------| | |% |g/t |g/t |g/t |% | |----------------------------------------------------| | | | | | | | |----------------------------------------------------| |Silverboss shaft zone |0.98|2.22|233.8|2.42|+0.001| |----------------------------------------------------| |Silverboss shaft zone |2.52|6.21|295.0|6.76|+0.001| |----------------------------------------------------| |Horse Trail quartz veins|0.05|0.96|36.3 |0.09|0.012 | |----------------------------------------------------| |Horse Trail quartz veins|0.17|0.76|35.5 |0.21|0.002 | ------------------------------------------------------ David Blann, President of Happy Creek states: "These results confirm significant copper, gold and silver values occur on the Silverboss property. They also represent the first samples analyzed for indium, a rare metal currently priced over $500.00 per kilogram, and the values obtained are thought to be positive. In addition to molybdenum mineralization extending beyond the Boss Mountain mine and onto the Silverboss property, we have a large scale copper, molybdenum and gold system that is different. It could be more closely related geologically to a porphyry system that is similar to the Woodjam-Southeast zones, operated by Gold Fields Ltd, and located to the northwest." The Silverboss and Horse Trail zones are located approximately three kilometres northwest and one kilometre west of the Boss Mountain molybdenum mine, respectively. The Horse Trail zone is located along large structures that extend from the adjacent Boss Mountain molybdenum mine and cut through several kilometres of the Silverboss property. The Horse Trail, Silverboss and several other mineralized zones are comprised of quartz veins that commonly contain values of 0.50 to 1.50 grams per tonne (g/t) gold and up to 53 g/t gold occurs. These veins are located within a positive gold in soil geochemical anomaly that is approximately 1.6 by 1.2 kilometres in dimension. The Company has also outlined a positive copper in soil anomaly located north of the gold anomaly and referred to as the Gus area. The positive copper in soil anomaly is continuous over approximately 1.2 kilometres by 600 metres in dimension and remains open in extent. Approximately two kilometres further north of this area, a small soil geochemical survey performed in 1970 returned significant values up to 420 parts per million (ppm) copper and 3.0 ppm silver (gold was not analyzed) and rocks containing pyrite and chalcopyrite (copper sulphide) occur. Taken together, the positive copper values in soil occur over a 2.0 kilometre distance that remains undefined and open in extent. Happy Creek is the first to assemble a large land position that surrounds the former Boss Mountain molybdenum mine and to conduct systematic sampling with modern analytical techniques including gold. This has resulted in the identification of large scale and positive molybdenum, copper and gold geochemical anomalies in rock and soil. The Silverboss property is located near the northern margins of the composite Takomkane batholith, a similar geological setting underlying the Woodjam-Southeast prospects that are located to the northwest. The Company is pleased with the large scale and positive results returned from the property and compilation of data and plans for further exploration are in progress. On behalf of the Board of Directors, "David E Blann" ____________________ David E Blann, P.Eng. President 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. Happy Creek's analytical results are provided by AGAT Laboratories of Ontario by aqua regia digest followed by ICP-MS analyses. Results are provided in ppm (parts per million or grams per tonne) and divided by 10,000 to obtain percent (%). FOR FURTHER INFORMATION PLEASE CONTACT: Corporate Office: Phone: 604.662.8310 Email: Website: Investor Relations: James Berard Phone: 604-687-2768 Toll free: 1-877-459-5507 Copyright (c) 2011 - All rights reserved.