March 22 – Happy Creek Minerals Ltd. (TSX-V: HPY) 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 geochemistry.