Happy Creek Completes Non-Brokered Private Placement

December 28, 2012 – Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSXV:HPY, or the “Company”) is pleased to announce that it has completed its previously announced nonbrokered private placement of an aggregate 1,790,000 flow-through units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $447,500. Each Unit consists of one flow-through common share and one-half of one non flow-through share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles 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 a portion of the Units sold under the offering.

The private placement is subject to TSX Venture Exchange acceptance. The shares underlying the Units and any shares acquired on exercise of the Warrants will be subject to a hold period expiring on April 29, 2013.

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, which will constitute Canadian exploration expenditures (as defined in the Income Tax Act (Canada)).

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: [email protected] Website: www.happycreekminerals.com

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.