Happy Creek Completes 2025 Drill Program at the Fox Tungsten Project in British Columbia

(TheNewswire)

October 28, 2025, Vancouver, British Columbia – TheNewswire - Happy CreekMinerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) ispleased to announce the completion of the first tranche of drilling atthe Fox Tungsten Project in the South Cariboo district of BritishColumbia (the “Fox Project” or the “Project”).

Highlights

• Eighteen diamond core drill holes were completed at theFox Project for a total of 2,176 metres drilled during the period fromSeptember 5 th to October 5 th , 2025.

• The drilling was focused on the expansion of thetungsten resource at the Ridley Creek (RC), and BN zones (see Figure1) and the identification of new zones. Every hole drilled wasobserved to intersect the calc silicate (the main host rock fortungsten mineralization) that contains zones with variableconcentrations of scheelite (tungsten mineral) as observed byUltra-Violet (UV) lamping in the core

• Drilling at the RC south zone has defined continuity ofand expanded the calc silicate horizon to the southwest and is clearlyopen to the west beneath Deception Mountain.

• Drilling at the northwest side of the BN Zoneintersected several calc silicate horizons that support a stackedlayer model with one horizon some 200 metres below surface. Only a few previous holes intersected the lowerhorizon. The 2025 drilling clearly indicates the calc silicatehorizons and associated tungsten mineralization are open to the westand north beneath Deception Mountain and there remains potential foradditional horizons at depth.

Happy Creek, President and CEO Jason Bahnsen commented“ We are pleased with thedrilling achieved at the Fox Tungsten Project this season. We had arelatively late start to the season but completed 18 drill holes withscheelite mineralization observed in every hole. Importantly, thedeeper drilling at the BN Zone (Holes 16 to 18) intersected two thickzones of calc silicate approximately 100 metres between each other.This is significant in that it supports the concept for multiplemineralized horizons at depth that remain open. All core has now beendelivered to ALS Laboratories in Vancouver for analysis. “

Fox Project - 2025 ExplorationProgram

During the period from September 5 to October 5, 2025,Happy Creek completed 18 NQ diameter diamond core drill holes (total2,175.5 metres) at the Fox tungsten Project focused on resourceexpansion at the RC and BN zones (See Figure 1 and Table 1 fordetails).

In 2018, Happy Creek published a NI43-101 ResourceEstimate for the Fox Tungsten Project. The resource estimate includedan Indicated Resource of 582,400 tonnes at 0.826% WO 3 , all located within the RC Zone. The2018 NI43-101 Resource Estimate also included an Inferred Resource of565,400 tonnes at 1.231% WO 3 located predominately at the BN Zone (453,000 @ 1.321WO 3 ). (See Happy Creeknews release dated February 27, 2018 for full details,reference NI 43-101 Resource Update, Desautelsand Berndt, April 9, 2018).

RC Zone

At the RC zone, the tungsten mineralization is locatedalmost exclusively in the calc-silicate unit. This lithological unitintercalates with a biotite schist unit and monzogranite and alaskitesills are subparallel to cross-cutting these units.

The RC zone is currently approximately 400 metres by175 metres in dimension. It is a gently dipping to the west tabularbody approximately 5 metres to 25 metres in thickness with the top atsurface on the east and approximately 25-75 metres below surface tothe west.

2025 RC Zone Drilling

A total of 14 diamond core drillholes were completed atthe RC zone during the 2025 field season for a total of 1,304.5 metresdrilled and an average hole depth of approximately 92 metres (SeeTable 1).

The focus on the 2025 drill program at the RC zone wasto explore the extent of the calc silicate hosted tungstenmineralization mainly to the west and south and in-fill gaps on theeastern side. Most holes were drilled to the south where almost noprevious drilling was done and are well beyond the southern limit ofthe resource area. Previous exploration work done at this southernpart is mainly surface geology, rock sampling and limited handtrenching in 2025 that returned up to 2.6% WO 3 over 0.30 metres. The drillingconfirmed geological continuity of the calc silicate from surface onthe east to approximately 50 metres in thickness westward and expandedit some 250 metres southward from the RC zone towards the BN zone. The2025 drilling clearly shows the calc silicate horizon continueswestward the entire length of the RC zone and is open beneathDeception Mountain.

Selected core intervals representing 611 individualsamples from the RC zone have been sent to ALS GeochemistryLaboratories in Vancouver for assay.

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Figure 2-   RC Zone Geology Illustration with HolesF25-09 to F25-11 Looking North

BN Zone

The BN zone consists of three stacked calc silicatehorizons intercalated with biotite schist that are cut by varyingthicknesses of monzogranite, alaskite to aplite intrusive sills and/ordikes. The BN zone occurs adjacent the large Deception stock, atwo-mica monzogranite, and the intrusive sills are generally thickerthan at the RC zone.

The Middle horizon of the BN zone is currently the bestdefined and contains most of the current resource that isapproximately 20 to 80 metres below surface. Overall, thedrill-defined BN zone is approximately 300 metres by 350 metres indimension and outcrops to the east and dips west to northwest. Scheelite mineralizationat the BN zone is mainly associated with the calc-silicate zones whichcan be either within the intrusive sills (endo-skarn) and in thesurrounding carbonate-sedimentary rocks altered to calc silicate(exo-skarn).

2025 BN Zone Drilling

A total of four diamond core drillholes (F25-15,F25-16, F25-17, F25-18) were completed at the BN zone during the 2025field season for a total of 871.0 metres drilled and an average holedepth of approximately 218 metres (See Table 1).

The 2025 drilling tested the potential for mineralizedcalc silicate horizons to extend to the northwest and at depth todemonstrate the resource expansion potential of the zone.

Drillholes F25-16, F25-17 and F25-18 intersectedmultiple horizons of calc silicate ranging from 60 metres to 120metres depth plus a deeper calc silicate horizon at approximately 175 to 225 metres depth.This second horizon of calc silicate is approximately 100 metres belowthe upper horizons and supports the model of stacked calc silicatehorizons at depth.

The presence of a lower calc silicate horizonintersected in the three 2025 holes is important as it clearly showspotential for mineralization at the BN zone to be open to the northand northwest beneath Deception Mountain.

Selected core intervals representing 218 individualsamples from the BN zone have been sent to ALS GeochemistryLaboratories in Vancouver for assay.

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Figure 3 – BN Zone Geology Illustration with HolesF25-17, F25-18 Looking North

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Table 1 – Fox Project Diamond Drilling 2025

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Table 2 - 2018 Fox Project MineralResource Estimate

For full details of the 2018 Fox Project MineralResource see the report by Pierre Desautels, P. Geo, AGP MiningConsultants Inc. and Paul Berndt, FAusIMM, dated April 9, 2018 andtitled “NI 43-101 Resource Update for the RC and BN Zones and MaidenResource Estimate for the BK Zone of the Fox Tungsten Project BritishColumbia” available on the Company’s website atwww.happycreekminerals.com and on the Company’s SEDAR+ profile atwww.sedarplus.ca

Selected Core Photos

Core photos are provided for illustrative purposesonly. 1 Readers should not rely on visual observations ofmineralization on drill core surfaces as presented in core trays as itmay not be representative and mineralogy is uncertain. Laboratoryassays are required for representative estimates of tungsten and othermetal contents abundance.

Prospecting

During 2025, reconnaissance prospecting was performedalong several recent roads constructed for a fire in 2022 at the farsouth end of the Fox property. Boulders, subcrop and outcroppingmarble, calc silicate and the key monzogranite was identified some 4km south of the South Grid/ Nightcrawler area. This area is mostlycovered, outcrops are generally small and very far apart, with weakercalc silicate alteration, however rocks containing trace scheeliteunder UV light were identified. These rocks are the same as found inthe north which hosts more significant mineralization.  Together withknown tungsten mineralization at surface or in drill core, the overalllength of the Fox tungsten mineral system is now approachingapproximately 14 km.

Next Steps

The Fox tungsten property contains a large-scaletungsten mineral system that has generated a significant andhigh-grade resource, while most of the property remains unexplored orunderexplored. The overall area with the favorable geology andmultiple targets identified to date suggests excellent opportunity foradditional deposits to be found. Preliminary plans include follow-updrilling between the RC and BN zones, at the BK zone, and to the westbeneath Deception Mountain as well as at the Nightcrawler and SouthGrid targets, and conducting more primary geology and surface workincluding geophysics in the areas having limited or noinformation.

Corporate Options

The Company advises that it is not proceeding with theincentive stock option grant announced on October 10, 2025.

Qualified Person Statement

The technical and scientific contents of this release have beenprepared, verified and approved by David Blann, P.Eng., a director ofthe Company, and a qualified person pursuant to National Instrument43-101, Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

“Jason Bahnsen”

President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASECONTACT:

Jason Bahnsen

Telephone: 604-590-1525

Email: info@happycreekminerals.com

About Happy Creek MineralsLtd.

Happy Creek is focused on making new discoveries and buildingresources in proximity to infrastructure on the Company’s100-percent-owned portfolio of diversified metals projects in BritishColumbia.

Projects include the high-grade Fox Tungsten deposit, the Silverbossmolybdenum-copper-gold-silver project adjacent to Glencore’s closedBoss Mountain molybdenum mine and the adjacent Hen-Art-DL gold andsilver project.

On November 7, 2024, Happy Creek announced the closing of the sale ofthe Highland Valley Copper Project to Metal Energy Corp. (TSX:V MERG)(“Metal Energy”). Happy Creek holds 9.9% of Metal Energy issuedcapital.

Happy Creek is committed to responsible mineral resource development. The Company’s priority is to build and sustain mutually beneficialrelationships with Indigenous Communities in the territories in whichthe Company explores.

Additional information relating to Happy Creek Minerals Ltd. may beobtained or viewed on the SEDAR+ website at www.sedarplus.ca or on the Company’swebsite at www.happycreekminerals.com .

Forward Looking Statement

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

This press release contains "forward-lookinginformation" within the meaning of applicable securities laws,including statements that address capital costs, recovery, grade, andtiming of work or plans at the Company’s mineral projects.Forward-looking information may be, but not always, identified by theuse 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 goalor action, event or result such as "may","should", "could", "would","might" or "will" be undertaken, occur orachieved. Statements also include those that address future mineralproduction, reserve potential, potential size or scale of amineralized zone, potential expansion of mineralization, potentialtype(s) of mining, potential grades as well as to Happy Creek’sability to fund ongoing expenditure, or assumptions about future metalor mineral prices, currency exchange rates, metallurgical recoveriesand grades, favourable operating conditions, access, politicalstability, obtaining or renewal of existing or required mineraltitles, licenses and permits, labour stability, market conditions,availability of equipment, accuracy of any mineral resources,anticipated costs and expenditures. Assumptions may be based onfactors and events that are not within the control of Happy Creek andthere is no assurance they will prove to be correct. Suchforward-looking information involves known and unknown risks, whichmay cause the actual results to materially differ, and/or any futureresults expressed or implied by such forward-looking information.Additional information on risks and uncertainties can be found withinFinancial Statements, Prospectus and other materials found on theCompany’s SEDAR profile at www.sedarplus.ca . AlthoughHappy Creek has attempted to identify important factors that couldcause actual actions, events or results to differ materially fromthose described in forward-looking information, there can be noassurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. Happy Creek withholds any obligationto update or revise any forward-looking information, whether as aresult of new information, future events or otherwise, unless requiredby law.

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