Happy Creek Minerals Ltd. Fox Property Update



    VANCOUVER, Oct. 16 /CNW/ - Happy Creek Minerals Ltd. (TSX-V: HPY) (the
"Company") has received results from trenching on the Company's 100% owned Fox
tungsten-molybdenum property that is over 200 square kilometers in size,
located approximately 30 kilometres east of the former Boss Mountain
molybdenum mine, in the south central Cariboo, B.C.
    Trenching has confirmed the Fox property is underlain by a large scale
tungsten-molybdenum skarn (mineral replacement and addition) and fracture
controlled mineralized system. Soil and surface rock samples in addition to
trenching have outlined a two kilometer long and 500 metre wide area
containing encouraging tungsten and molybdenum values. Trenching results
include values ranging from trace to 12.778% molybdenum and trace to 4.33%
tungsten.

    
    Summary of Fox Trenching

    -------------------------------------------------------------------------
    Trench            Sample No.    Width(m)           Mo %              W %
    -------------------------------------------------------------------------
    1 to 4  over 4.5 metres till-
                      no bedrock
    -------------------------------------------------------------------------
         5                493290       1.2            0.002            0.069
    -------------------------------------------------------------------------
        5b                493294       0.6            0.030            0.018
    -------------------------------------------------------------------------
         6                493298       2.0            0.007            0.062
    -------------------------------------------------------------------------
        6a                493102       2.7            0.013            0.104
    -------------------------------------------------------------------------
                                                                   less than
        6b                493106       2.5            0.042            0.001
    -------------------------------------------------------------------------
                                                  less than
        6d                493118       3.0            0.001            0.170
    -------------------------------------------------------------------------
                                                  less than
        6d                493119       2.0            0.001            0.089
    -------------------------------------------------------------------------
                          493109   Boulder grab      10.443            0.055
    -------------------------------------------------------------------------
         7                493110   Boulder 1.4        0.066            0.138
    -------------------------------------------------------------------------
         8                493111      Grab            1.171            0.059
    -------------------------------------------------------------------------
                          493112  Granite boulder     0.024            0.004
    -------------------------------------------------------------------------
        10                493108  Boulder 0.50m       0.005            4.333
    -------------------------------------------------------------------------
                          493107  Grab of boulders   12.778            0.399
    -------------------------------------------------------------------------
                                                                   less than
                          493117     Boulder          0.049            0.001
    -------------------------------------------------------------------------
    

    In addition to tungsten and molybdenum, samples returned up to 0.24 g/t
(grams per tonne) gold, 10.2 g/t silver, and 0.10% bismuth. Width of samples
is apparent in nature but appear near true width. Water saturated glacial till
and overburden thickness of over 4.5 metres affected trenching as bedrock was
achieved erratically, and locally, outcropping mineralized zones remain open.
At the Discovery moly zone, trenching dug up sharply angular blocks or
boulders of mineralized skarn up to 1.4 metres in thickness (samples
493107-493110) that are similar to the outcropping mineralized zones and are
believed to be sourced in bedrock nearby.
    Trenches that reached bedrock have demonstrated good continuity of the
gently southwest dipping favorable calc silicate and mineralized skarn zones
along strike for approximately 400 metres and remain open. Host rocks for
mineralization are hornfelsed, garnet-quartz-biotite schist, limestone/marble
and an assemblage of reaction, skarnoid, calc silicate, and
garnet-pyroxene-vesuvianite skarn containing variable concentrations of
scheelite (tungsten mineral), molybdenite (molybdenum sulphide) as well as
pyrrhotite, pyrite, chalcopyrite (copper sulphide), sphalerite (zinc sulphide)
and bismuthinite (bismuth sulphide). The Deception stock, Cretaceous in age,
is comprised of a garnet, biotite-muscovite, quartz monzonite that has
variable textures and composition. These intrusive rocks grade into finer
grained, porphyritic felsic dikes and sills, pegmatite and quartz veins that
cross cut intrusive, metasediment and skarn. These intrusive rocks and cross
cutting quartz veins also contain disseminated and fracture fillings of
pyrrhotite, pyrite, chalcopyrite and molybdenite.
    Results from the field work conducted during the summer on the northern
portion of the property are expected to be released shortly. The Company feels
exploration results to date have continued to improve the tungsten-molybdenum
potential of the Fox property, and drilling of up to 15 holes is underway.
Drilling is progressing well and currently the third hole has been completed.

    Director Appointment/Stock Option Grant

    On October 5, 2007 Paul Reynolds resigned as director of the Company in
order to be able to devote more time to other business activities. The Company
would like to thank Mr. Reynolds for his efforts and contributions to the
Company's development.
    Concurrent with Mr. Reynolds' resignation, the Company appointed Bruce
MacKenzie as a director. Mr. MacKenzie holds a Bachelor of Science degree from
the University of Victoria. In 1995, after gaining ten years of tactical and
strategic human asset management experience, he was appointed an associate
with Chapman & Associates, a domestically and internationally recognized
leader in the recruitment of executive and technical management personnel in
the mining industry. In 1997 Mr. MacKenzie became a partner at Chapman &
Associates and acquired a 50% share in the company. In 2001 he attained sole
ownership of the practice and accelerated the development and expansion of the
company into non-traditional geographies and industries.
    Concurrent with the appointment of Mr. MacKenzie, the Company granted
options to purchase 475,000 common shares to directors and employees of the
Company. The options are exercisable at a price of $0.27 for a period of
2 years. The Company also approved the re-pricing of 20,000 options previously
granted to a consultant of the Company from $0.46 to $0.30. Re-pricing of
these options is subject to approval of the TSX Venture Exchange.
    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

    This News Release has neither been approved nor disapproved by the TSX-
    Venture Exchange. The Exchange does not accept responsibility for the
    accuracy or adequacy of the statements contained herein. 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: David E Blann, P.Eng., President, Office phone:
(604) 662-8310, Toll Free Phone: 1-877-662-8310, www.happycreekminerals.com,
info@happycreekminerals.com

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HAPPY CREEK MINERALS LTD.

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