Exploration results from the Fox Property, British Columbia

    VANCOUVER, March 22 /CNW/ - Happy Creek Minerals Ltd. (TSX-V: HPY) (the
"Company") is pleased to provide exploration results from the Company's 100%
owned Fox property located approximately 75 kilometres northeast of 100 Mile
House, and 30 kilometres southeast of the former Boss Mountain molybdenum
mine, in the south central Cariboo, British Columbia. Between 1999 and 2005
significant new surface showings of skarn containing tungsten (Nightcrawler)
and molybdenum (Discovery) were made along the south side of the Deception
monzogranite intrusion that is similar to the one responsible for
mineralization at the Boss Mountain mine.
    Exploration on the Fox property in 2006 was directed towards improving
district scale geological understanding and reconnaissance work beyond the
known mineralized zones. This work has identified geological potential for
tungsten and molybdenum mineralization to occur in several areas for over
10 kilometres. A small distance to the east of this area, on the adjoining
Fortune property, first pass rock sampling of a large unit of ultramafic rock
returned values of nickel, chromium and magnesium that may be of potential
economic interest.
    Approximately five kilometres south of the Nightcrawler zone, soil and
silt samples returned anomalous lead and silver values. Here, a zone of quartz
veins hosted by a small granite stock returned 4568 ppm lead, 34.9 ppm silver
and 251 ppm bismuth. Approximately four kilometres east of this area, rock
samples from the Redfern prospect returned between trace to over 1.0% lead and
up to 38.7 ppm silver. Lead, silver and bismuth values in quartz veins are
fairly common around intrusion related tungsten-molybdenum systems.
    Approximately six kilometres north of the Nightcrawler tungsten zone,
geological mapping has outlined a tightly folded zone of quartz schist, marble
and calc silicate approximately 450 metres in width and 2.5 kilometres in
length that occurs in spatial proximity with the north side of the Deception
granite intrusion. At the new Ridley Creek zone a grab sample of a 2.5 metre
outcrop returned(*) 0.26% tungsten, 0.25% zinc, 39.7 ppb gold and 153.6 ppm
bismuth. Approximately 450 metres south of this sample, an outcrop grab sample
returned 0.17% tungsten, 2.07% zinc. Molybdenite also occurs in quartz veins
hosted by the granite intrusion and returned 0.234% molybdenum, 22 ppb gold in
a float sample. Approximately 30 metres southwest of this sample, angular
float on talus returned 18.0 g/t silver, 331 ppm bismuth. Two reconnaissance
soil lines, approximately 200 metres apart were conducted approximately four
kilometres north of the Ridley Creek zone. Results have identified a 300 metre
wide zone containing values of up to 10 to 14 ppm molybdenum in soil, along
with up to 8.7 ppm bismuth and 19 ppb gold.
    The Ridley Creek zone and northern soil anomalies are believed to be the
northern continuation of the Nightcrawler and Discovery zones where grab
samples have returned up to 4% tungsten and 4.99% molybdenum, respectively.
    Four kilometres east of the Nightcrawler zone, the Fortune prospect is
underlain in part by an ultramafic assemblage comprised of harzburgite,
dunite, peridotite and wehrlite. Assays include 0.185% nickel,
0.167% chromium, and 21.0% magnesium over a 300 metre representative grab
sample of ultramafic rock. Material near the upper contact of the ultramafic
returned 3.0% chromium. The highest nickel assay returned 0.233% nickel,
0.089% chrome, 24.32% magnesium from a random 5 metre radius grab of
ultramafic rock. This unit is mapped on surface as approximately
1.5 kilometres in length and averages 450 metres in apparent width. Platinum,
palladium values of up to 0.03g/t, 0.04g/t, respectively, were obtained.
    Exploration in 2006 has identified potential for large scale tungsten,
molybdenum skarn or porphyry that may involve multiple intrusive centers and
has significantly advanced the merit of the property. In addition, a new area
containing nickel, chromium and magnesium values were obtained from a first
pass of the Fortune prospect. The Fox-Fortune property is now approximately
280 square kilometers in area.
    Further exploration of the property in 2007 is planned to consist of
trenching and diamond drilling at the Nightcrawler tungsten and Discovery
molybdenum zones, along with property-wide prospecting, geology, soil and silt

    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. (*) Note: ICP analysis is
partial for tungsten, nickel, chromium and magnesium.

    On behalf of the Board of Directors,

    "David E Blann"

    David E Blann, P.Eng.

    This News Release has neither been approved nor disapproved by the TSX-
    Venture Exchange whom does not accept responsibility for the accuracy or
    adequacy therein. 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: Investor Relations, Terry Severs, Phone: (604)
669-2991, Office phone (604) 662-8310, www.happycreekminerals.com,

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