Happy Creek Minerals Ltd. provided an update on important progress on permitting for the Company's Fox Tungsten project near the community of 100 Mile House in the Cariboo region of British Columbia, Canada. The Company has received an amendment to its Multi-Year Area-Based permit, that will allow for extensive drilling, trenching and trail construction through late 2027. The original Permit was issued in 2006 and has been amended several times since.

The 2023 amendment, issued by the BC Ministry of Energy, Mines and Low Carbon Innovation ("EMLI"), allows for a very significant expansion in new exploration work including 505 surface drilling pads, 165 helicopter-portable drill pads, 875 m of trenching in 35 trenches, 5.1 km of new exploration access trail to connect the drilling area with recently built logging roads, 10 km of temporary drill/trench access trail, and a new temporary camp location. Each drill pad can allow for drilling of several holes, depending on site-specific targets and geological considerations. Most importantly, this permit will allow the Company to conduct much future work using surface access, which is a much safer and more cost-effective approach versus using helicopter.

Drilling could begin by late June 2024. A portion of the proposed work is within a wildlife habitat area for caribou and will require an exemption from the Ministry of Water, Land, and Resource Stewardship. The Company has received three previous exemptions allowing for helicopter-supported drilling in this habitat area.

Although no signs of caribou have ever been encountered on the project, the Company is aware there is potential habitat, and is committed to working collaboratively with Indigenous Nations, BC Government, and other land users to protect caribou and their habitat. As an example, the Company has successfully used small, track-mounted diamond drills that can move between drill sites with very minimal ground disturbance and tree cutting. Meetings are being arranged with WLRS and the affected First Nation to discuss proposed exemption conditions and mitigation plans.

The goal of the proposed 2023 to 2027 drilling is to at least triple the existing 43-101 tungsten resource, and then proceed to detailed engineering, environmental and feasibility studies. Since initial prospecting discoveries in 2006, the Company has drilled a total of 20,751 m in 188 diamond drill holes on the property, of which 10,995 m in 144 holes were focused on the BN-RC-BK trend where the 43-101 resources are located.