Happy Creek Announces Non-Brokered Private Placement

February 24, 2010; Vancouver, British Columbia- Happy Creek Minerals Ltd. (TSX-V: HPY) (the “Company”) is pleased to announce that it has arranged a private placement of up to 5,000,000 units at a price of $0.28 per unit for gross proceeds of up to $1,400,000. Each unit will consist of one common share of the Company and one share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.42 per share for a period of two years from closing. The Company may accelerate the expiry date of the warrants if at any time after the date which is 4 months after closing the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange equals or exceeds $0.60 for 20 consecutive trading days, in which event the warrants will expire on the date that is 30 days after the date that the Company provides notice to the holders.

The Company may pay finder’s fees to arm’s length parties in connection with the transaction.

The proceeds from the private placement will be used for exploration work on the Company’s mineral properties and for general working capital. The private placement is subject to approval by the TSX Venture Exchange. The shares underlying the units and any shares acquired on exercise of the warrants underlying the units will be subject to resale restrictions.

FOR FURTHER INFORMATION PLEASE CONTACT:

David E. Blann, P.Eng.

Phone: 604.662.8310 Email: [email protected] Website: www.happycreekminerals.com

Investor Relations:

James Berard and Aaron Konkin Phone: 604-687-2767 Toll free: 1-877-459-5507 [email protected] [email protected]

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. This News Release may contain statements that are forward looking and subject to risk and uncertainty more fully described in the Company’s Prospectus, Financial Statements and Public Filings located on SEDAR.