Happy Creek Minerals Ltd. announced that it has received a five-year drill permit on the Company's Silverboss Project located in the South Cariboo region of British-Columbia. Highlights: The 100% owned Silverboss Project is a 110 square kilometre group of contiguous mineral claims surrounding the historic Boss Mountain molybdenum-silver mine that produced from 1963 to 1983. Silverboss is highly prospective for copper, silver, gold, and molybdenum as well as nickel and PGM metals.

The five-year permit for Silverboss allows for up to 30 drill holes, trenching, access trails and related work. The field program at Silverboss is set to commence in late June. Silverboss Project Targets.

The 110-square-kilometre Silverboss property surrounds the past-producing, high-grade, open- pit and underground Boss Mountain molybdenum mine held by Glencore Canada. Silverboss exploration targets include: Silverboss Shaft - In 2012, Happy Creek completed an Induced Polarization (IP) survey covering the general Silverboss shaft and adit area. The Induced polarization (IP) survey indicates that at a depth of 200m below surface, an approximate 750m X 400m area with 9 to greater than 15ms chargeability occurs and connects the shaft, adit mineralized zones with the East Breccia and 10 Mile Creek area and is open.

Sampling of shaft and adit dump material by Happy Creek has returned values ranging from 0.22 to 9.28 g/t gold, 28.0 to 514.8 g/t silver and up to 6.695 % copper. Beyond the best exposed mineralized zone, sheeted and stockwork quartz veins occur. East Brecia /10 Mile Creek - Approximately 350-600 m to the east and southeast of the Shaft zone, are the East Breccia and 10 Mile Creek showings which also contain copper, molybdenum and gold values.

Dogtooth - Approximately 900m southeast of the Shaft, the Dogtooth prospect is a shear-hosted quartz vein that assayed 10.06 g/t gold and 26 g/t silver over 1m width and is open, while widespread rock grab samples from the Dogtooth to the 10 Mile Creek area have returned 0.05 to 53.18 g/t gold and 0.8 to 365 g/t silver within an area of approximately 1 sq km. This large area contains soil anomalies from 12 up to 7,184 ppb gold. Horse Trail- Is located approximately 1.25km south of the Shaft, and on the other side of recent volcanic lava flows that cover the underlying rocks hosting the mineralization.

This target consists of copper, molybdenum, gold values in outcrop rock samples and soil. The 2012 IP survey over this area shows moderate to very strong IP anomalies occur beneath samples containing copper- gold values (See figure 4). Gus - The Gus prospect is located in the northern part of the Silverboss property and contains two, sub-parallel northwest trending copper in soil anomalies from 130 to 400 ppm Cu: the northern one covers an area of approximately 2km X 100-150m and the southern one is approximately 1.5km X 250m.

Low values of nickel, silver and palladium occur in the northern anomaly which is underlain by gabbro and pyroxenite containing chalcopyrite. The northern Gus anomaly is easily road accessible and is thought to present a magmatic copper-nickel and Platinum Group Element (PGE) style of deposit target. Drill Permit and Exploration Plan: The Company has received a five-year area-based drill permit for the Silverboss project (?MYAB Permit).

The MYAB Permit allows for up to 30 drill pads, trenching, access trails and related work during the permit period. The Company has designed and permitted a program to include trenching, chip and channel sampling followed by an initial test of identified targets with 1500 m drilling in 10 to 12 relatively short holes. Subject to funding, drilling would include the first ever holes at the Silverboss Shaft, Dogtooth and 10 Mile Creek zones.

Happy Creek is planning to begin the surface trenching and sampling work in June with drilling to follow when the Company has sufficient funding in place.