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Press release from TheNewswire.ca

Happy Creek Announces Non Brokered Private Placement

Tuesday, October 25, 2011

Happy Creek Announces Non Brokered Private Placement11:30 EDT Tuesday, October 25, 2011(via Thenewswire.ca) October 25, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") is pleased to announce that it has negotiated a non-brokered private placement of up to $2,600,000 through the sale of up to 7,000,000 flow-through units ("FT Units") at a price of $0.30 per FT Unit and 2,000,000 non flow-through units ("NFT Units") at a price of $0.25 per NFT Unit. Each FT Unit will consist of one flow-through common share and one half of one non-flow through share purchase warrant (each whole warrant an "FT Warrant"). Each FT Warrant will entitle the holder to purchase one additional non flow through common share of the Company for a period of 18 months after closing at an exercise price of $0.40. Each NFT Unit will consist of one common share and one half of one common share purchase warrant (each whole warrant an "NFT Warrant"). Each NFT Warrant will entitle the holder to purchase one additional common share of the Company for a period of 18 months after closing at an exercise price of $0.35. A Finder's fee in connection with this offering will be paid to PowerOne Capital Markets Limited and other eligible finders in accordance with TSX Venture Exchange policies. The private placement is subject to TSX Venture Exchange acceptance. The shares underlying the FT Units and the NFT Units and any shares acquired on exercise of the FT Warrants and NFT Warrants will be subject to resale restrictions. The proceeds from the flow through and non-flow through private placement will be used to continue exploration on its Highland Valley copper, Fox tungsten and other projects and for general working capital. FOR FURTHER INFORMATION PLEASE CONTACT: David E. Blann, P.Eng. President and CEO Happy Creek Minerals Ltd. Tel: 604-662-8310 Corporate Office: Phone: 604.662.8310 Email: Info@happycreekminerals.com Website: www.happycreekminerals.com Investor Relations: James Berard Phone: 604-687-2768 Toll free: 1-877-459-5507 Copyright (c) 2011 Thenewswire.ca - All rights reserved.