Happy Creek Completes Option- now owns 100% of Rateria Copper Property



    VANCOUVER, Aug. 5 /CNW/ - Happy Creek Minerals Ltd. (TSX-V: HPY, the
"Company") is pleased to announce it has completed its final option payment
and now owns an undivided 100% interest in the Rateria Copper property. The
property is now subject only to an NSR (Net Smelter Royalty payment) up to a
maximum $3,000,000.
    The Rateria copper property is located 10 kilometres southeast of Teck
Cominco's Highland Valley Copper mine, Canada's largest. Diamond drilling has
tested the "A" target with five widely spaced holes. Currently, drill hole
R08-6 is located approximately 1.2 kilometres southwest of drill hole R08-05,
with visually detected copper mineralization occurring from bedrock to its
current depth of approximately 320 metres, and the hole is continuing.
Observation of copper mineralization is felt to be positive and encouraging,
however the Company wishes to emphasize that assays are pending.
    Drill hole R08-6 consists of variably intense pervasive quartz, sericite
and clay altered quartz diorite containing fracture controlled and in part
disseminated bornite, chalcocite and chalcopyrite (copper sulphides) with
semi-massive veinlets of bornite and chalcopyrite noted up to 1 cm in
thickness.
    A magnetic geophysical survey is underway over known mineralized zones
and other proposed drill targets identified by the recent 3D Induced
polarization geophysical survey. The Company has completed 125 kilometres of
3D induced polarization and approximately 100 kilometres of magnetic
geophysical surveys to date on the Rateria property.

    David Blann, P.Eng. is a Qualified Person as defined by National
Instrument 43-101 and is responsible for the preparation and approval of the
technical information disclosed in the news release.

    
    On behalf of the Board of Directors,

    "David E Blann"

    ---------------------
    David E Blann, P.Eng.
    President, CEO

    This news release has neither been approved nor disapproved by the TSX
    Venture Exchange. The TSX Venture Exchange does not accept responsibility
    for the accuracy or adequacy of the contents of this news 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
    and public filings located on SEDAR.
    

    %SEDAR: 00023793E




For further information:

For further information: Corporate Office: Nina Mallory, Corporate
Communications, Phone: (604) 662-8310, Email: info@happycreekminerals.com;
Investor Relations: Hugh Oswald, Ascenta Capital Partners Inc., Phone: (604)
684-4743 ext.243, Toll free: 1-866-684-4743 ext.243, Email:
info@happycreekminerals.com

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HAPPY CREEK MINERALS LTD.

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