Happy Creek Intercepts 5.0 metres of 0.33% W0(3) (Tungsten Trioxide) on Fox Property



    VANCOUVER, March 11 /CNW/ - Happy Creek Minerals Ltd. (TSXV: HPY)
announces the final drill results from its 100% owned, 225 square kilometre
Fox tungsten molybdenum property, located 25 kilometres east of the former
Boss Mountain molybdenum mine and approximately 65 kilometres northeast of
100 Mile House in the south central Cariboo region of British Columbia,
Canada.
    Further to the news release dated February 21, 2008, results have been
received for the final two of a total of thirteen holes completed in December
2007. The new results include a potentially economic intercept of 5.0 metres
grading 0.33% tungsten trioxide (W0(3)) in hole 07F-03. Hole 07F-04, located
approximately 210 metres northwest of hole 07F-03, returned anomalous values
(0.02% W0(3)) over 15.5 metres. A map of the drilling is in preparation and
will be posted on the Fox Property page of the company's website shortly.

    "First pass, widely spaced drilling on the Fox property has now returned
a number of intercepts that are potentially economic including 5.0 metres of
0.33% WO(3), 2.0 metres of 0.74% WO(3), and 5.3 metres of 0.11% WO(3) with
0.20% molybdenum," says Dave Blann, president of Happy Creek Minerals. "These
intercepts occur over a 700 metre portion of the 1.5 kilometre zone tested to
date. In addition, an underlying bulk tonnage porphyry moly system is becoming
a real possibility."

    Over all, drilling of the Nightcrawler-Discovery Zone has confirmed the
presence of a new, large-scale tungsten-molybdenum system in British Columbia.
In context with the project's proximity to hydropower, roads and other
resource-based infrastructure, results from this first phase of drilling
(13 widely spaced holes) signify the presence of anomalous to potentially
economic grades of tungsten occurring from surface to a minimum 300 metres
depth and over a 1.5 kilometre by 500 metre area that remains open in extent.
In addition, molybdenite (molybdenum sulphide) also occurs: results include
4.2 metres containing 0.25% molybdenum (Mo), including 1.7 metres grading
0.51% Mo in hole F07-10; and 0.50 metres of 0.51% Mo in hole 07F-11. These
intercepts are located approximately 150 and 100 metres southeast and
southwest, respectively, of trenches where similar material returned over
10.0% molybdenum in grab samples. The presence of significant values of
molybdenum (as molybdenite mineral) adjacent the tungsten skarn is a positive
feature of this mineralized system.
    Mineralized zones are comprised of scheelite (tungsten mineral) bearing
calc silicate (skarn- a replacement and addition of minerals to limestone) in
layers trending easterly with a moderate to gentle southward dip. The true
widths of the intercepts are currently unknown; however, intercepts are
believed to be near true width. These Paleozoic aged sedimentary rocks hosting
the tungsten-moly skarn are cut by dikes and sills of a multi-phase
biotite-muscovite quartz monzonite intrusion that is Cretaceous in age. The
age of this intrusion is significant as it is very close to the age of the
intrusive rock that is associated with mineralization at the former Boss
Mountain molybdenum mine, 25 kilometres to the west. Limited drilling into
this intrusion intersected moderate to strong
quartz-sericite/muscovite-k-feldspar altered quartz monzonite, aplite or
alaskite/rhyolite with disseminated pyrite, pyrrhotite, and locally abundant
quartz veins containing variable concentrations of pyrite, pyrrhotite, trace
chalcopyrite, molybdenite. Results from within the underlying intrusive rock
include 0.85 metres grading 0.293% Mo in hole 07F-09, and 7.75 metres
containing 0.120% Mo in hole 07F-13. Of exploration interest, two drill holes
were analyzed for fluorine. Results from holes 07F-1 and 2 have returned
anomalous values of up to 9,000 ppm (parts per million) or 0.90% fluorine, an
element recognized as an essential component of the world's largest and
highest grade molybdenum deposits located at the Climax or Henderson Mines in
Colorado, USA. All the geological information to date suggests potential for a
large molybdenum porphyry system to occur in proximity to the current
drilling.
    Approximately four kilometres north of the 2007 drilling, a new skarn
zone has returned up to 7.11% W0(3) over 0.30 metres that remains open in
width and extent. Approximately two kilometres further north, additional
tungsten bearing skarn was located and over-limit geochemical analyses are
currently being assayed for tungsten. Results are expected within 10 days.
Large areas of the 225-square kilometre Fox property are prospective for
additional tungsten and molybdenum mineralization with favorable geology and
geochemical results to date occurring over an area of approximately
14 kilometres by three kilometres and is open in extent.
    Exploration plans for 2008 include diamond drilling designed to expand
and fill-in the Discovery-Nightcrawler Zone with a view towards generating a
resource for the tungsten-molybdenum skarn zones and locating a large tonnage
molybdenum deposit.

    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. Drill core was cut in
half by a diamond saw or hand splitter, and one half of the sample was shipped
to Acme Analytical Laboratories in Vancouver, BC. Analyses of samples was
performed in part by 15 gm ICP MS for holes 1,2, with peroxide fusion
digestion and analyses for over-limit tungsten. Fluorine analyses were
performed by specific ion electrode. Holes 5-13 were analyzed by Becquerel
Laboratories of Mississauga, Ontario, using the Neutron Activation method that
provides total determinations with an average 15-20 gram pulp sample size, to
limit nugget effects. Other quality control measures include insertion of
regular blanks and standards, and pulp and reject repeats.

    On behalf of the Board of Directors,

    "David E Blann"

    David E Blann, P.Eng.
    President

    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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