Happy Creek Minerals Ltd. reported soil and rock sampling results from the Company's 2021 field work on its 100% -owned, road-accessible Silverboss property, part of its broader Cariboo project in southern British Columbia. Based on the results from the Gus copper prospect, the Company has expanded its mineral claims to cover potential extensions. Silverboss surrounds Glencore Canada's past-producing, open-pit and underground, high-grade Boss Mountain molybdenum mine, located 55 km northeast of 100 Mile House.

The Company's work to date at Silverboss has identified potential for bulk-tonnage style and/or high-grade deposits containing copper, molybdenum and precious-metals. Several drill-ready, high-grade gold-silver-copper prospects include the Silverboss Shaft, Horse Trail and Dogtooth prospects are located on the Silverboss property to the west of the Boss Mountain mine. The expanded Gus target is located two km north of the mine.

A total of 406 soil, 2 silt and 27 rock and core samples were collected at Silverboss in 2021. The Gus copper anomaly, with values ranging from 104 ppm (90th percentile) to 407 ppm Cu has doubled in size to greater than 4.5 square kilometres and remains open in several directions. Gus occurs within a very strong regional magnetic high, which is associated with the Buster Lake gabbro-diorite unit of the Late Triassic-Early Jurassic Takomkane batholith.

Palladium, silver and nickel soil anomalies are coincident with copper and also remain open at the northeast end of the Gus copper target, following the contact of the gabbro-diorite with mafic volcanic rocks of the Triassic Nicola Group. Weak yet consistently anomalous values for palladium (Pd) range from 10 ppb (90th percentile) to 22 ppb and were determined by fire assay for a subset of 262 samples of the 406 soils collected in 2021. The 262 samples cover only the northern 1.7 km of the overall 4.5 km Gus copper anomaly.

The remainder of the property, including most of the Gus target, has had no PGE analyses in soil or rock. In summer 2021 the Company completed a field review and collected 14 rock samples from the Silverboss Shaft, Dogtooth and Horse Trail prospects in preparation for future drilling. The work confirmed the grades and geological setting and several good drill sites were selected in the field.

At the Silverboss Shaft, four 2021 grab samples of dump material returned assays ranging from 0.216 to 9.28 g/t Au, 2.44 to 299 g/t Ag and 0.055 to 3.12% Cu. Previous work by Happy Creek and others outlined a 0.5- to 2.0-metre-wide shear-vein that was traced for 350 metres along a northeast trend, as evidenced by several pits and trenches and a single short adit and shaft. It is accessible by an old dozer/all-terrain vehicle trail from the nearby Boss mine access road.

The mineralized zone is hosted by diorite of the Takomkane batholith and feldspar phyric dikes, and is reported to have been discovered before 1917. Sampling prior to 2021 by Happy Creek and previous operators has returned values ranging from 0.22 to 72.8 g/t Au, 28 to 1,026 g/t Ag, and trace to 11.95 % Cu from grabs of dump materials and chip samples up to 0.5 metre in width. Despite the good access, locally high grades, and nearby Induced polarization (IP) chargeability features extending from surface to over 350 metres in depth, there is no record of any previous drilling near the shaft.

At the Dogtooth vein target 900 m to the south, three 2021 samples returned 1.86 to 2.96 g/t Au, 3.89 to 257 g/t Ag, and 78 ppm to 6.00% Cu2, plus highly anomalous arsenic, bismuth, antimony and tellurium values from quartz-sulphide veins cutting diorite. Work by Happy Creek in 2005- 2006 returned assay values of 0.05 to 53.18 g/t Au and 0.8 to 365 g/t Ag in grab samples, and a one-metre chip assayed 10.06 g/t Au and 26 g/t Ag. Also present nearby are zones of sheeted and stockwork veinlets of quartz with narrow selvages of epidote, chlorite and potassium feldspar alteration.

The prospect occurs within a broad gold-in-soil anomaly. The geological setting and metal association at Dogtooth are suggestive of intrusion-related gold deposits similar to Kinross' Fort Knox mine in Alaska and Victoria Gold's Eagle mine in Yukon.