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Press release from

Happy Creek Announces Non-Brokered Private Placement

Thursday, December 20, 2012

Happy Creek Announces Non-Brokered Private Placement15:00 EST Thursday, December 20, 2012(via December 20, 2012 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") announces that it has negotiated a non-brokered private placement of up to $500,000 through the sale of up to 2,000,000 flow-through units ("FT Units") at a price of $0.25 per FT 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 a "Warrant"). Each 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 $0.35. Finder's fees will be payable in connection with the private placement in accordance with TSX Venture Exchange policies. The private placement is subject to TSX Venture Exchange acceptance. The shares underlying the FT Units and any shares acquired on exercise of the Warrants will be subject to resale restrictions. The proceeds from the flow-through private placement will be used to continue exploration on the Company's Highland Valley copper, Fox tungsten and other projects. 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: Website: Registered Investor Relations: James Berard Phone: 604-687-2768 Toll free: 1-877-459-5507 Neither 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. - Copyright (c) 2012 - All rights reserved.