Happy Creek Minerals Announces CFO Changes, Highland Valley Sale Agreement Extension, Cariboo Project Royalty Agreements, and Corporate Options Issuance

Vancouver, British Columbia — October 10, 2025 — Leads & Copy —Happy Creek Minerals Ltd. (TSX-V: HPY) has announced a corporate update, including the retirement and replacement of its CFO, an extension to the Highland Valley Sale Agreement terms, Cariboo Project Royalty Agreements, and the issuance of corporate options.

Richard Lee, CPA, CMA, is retiring from his role as CFO and Corporate Secretary of Happy Creek, effective immediately, after 15 years of service. Mathew Lee, CPA, CA, of Manning Lee Management Inc., has been appointed as the new CFO and Corporate Secretary.

Happy Creek has agreed with Metal Energy Corp. (TSX.V: MERG) to amend the terms of the asset purchase agreement for the sale of the Highland Valley Project, providing a nine-month extension to milestone payments and financing obligations. The updated terms include extensions to $6 million of milestone equity payments and financing obligations.

The Net Smelter Return royalties (“NSR’s”) over the Company’s Cariboo Projects (Silverboss, Hen/Art/DL, Fox) held by the original prospectors of the mineral tenements has been purchased by unrelated third parties to the Company (the “Cariboo Royalty Buyers”). On October 1, 2025, the Company entered into an agreement with the Royalty Buyers that confirms the ownership of a 2.5% NSR over the original Cariboo Project mineral claims (original 20,000 hectares of Cariboo Project mineral claims acquired by Happy Creek in 2005) and extinguishes the preexisting right the Company had to buy down 1% of the Cariboo Property NSR by making a payment of $2,000,000 to the NSR holders (“HPY Buy Down Rights”). In consideration for extinguishing the HPY Buy Down Rights, Happy Creek received a cash payment of $25,000 from the Cariboo Royalty Buyers.

Additionally, the Company has granted 4,700,000 incentive stock options to directors, officers, and consultants, exercisable at $0.13 per share for a term of 5 years, subject to TSX.V approval.

Jason Bahnsen, President and Chief Executive Officer, is the contact for further information. Email: info@happycreekminerals.com

Source: Happy Creek Minerals Ltd.