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Happy Creek Commences Drilling on the Rateria Property, Highland Valley, B.C.

June 23, 2008 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSXV: HPY, the "Company") is pleased to announce it has commenced a diamond drilling program of approximately 3,000 metres in nine holes on its Rateria property.

The Rateria copper property is located approximately 10 kilometres southeast of Teck Cominco's Highland Valley copper mine concentrator. Here, Teck Cominco reported a 2007 operating profit of $737,000,000 from material averaging 0.37% copper. The Rateria property is underlain by similar geology, structure, alteration and mineralization as the known Highland Valley deposits.

Happy Creek Minerals Ltd. is the first to employ the modern three dimensional induced polarization (3D IP) geophysical survey method in Highland Valley.  The Company believes there is opportunity in using this new technology as 95% of the area is covered by 10-30 metres of glacial till, making current and historical exploration difficult. In 2005, the Company completed a 3D IP survey over a portion of the Rateria property and drilling discovered the new Zone 1 within areas having IP values of approximately 6-7 milliseconds. Results include 10.35 metres grading 1.545% copper and 8.5 g/t silver, 100.0 metres grading 0.285% copper, and 189.3 metres grading 0.222% copper, including 84.0 metres containing 0.302% copper. This zone remains open in extent.

During February and March, 2008, the 3D IP survey was expanded to the west and northeast.  This survey identified four new targets that appear to have a stronger response and one is significantly larger in size than Zone 1.

Drilling is planned for the high priority 3D IP "A" anomaly, with values of 9 to over 15 milliseconds that extend to a depth of over 400 metres and is overall approximately 1.2 kilometres by 600 metres in dimension. The overall size and geophysical aspects of the "A" target appear similar to those occurring at the world class Lornex, Valley and JA deposits to the north.  IP values over 10 milliseconds is considered very positive in the Highland Valley and three other targets within this response range are also planned for drilling. Complete 3D IP survey coverage of the property is expected within a few weeks.

Happy Creek has one final payment of $50,000 cash and 250,000 shares due by March 25, 2009 to complete its full 100% interest into the Rateria property. The Company may also purchase 100% of the NSR (Net Smelter Royalty) for $3,000,000.

The Company has approximately $3.5 million in cash and interest bearing GIC accounts, approximately 27 million shares outstanding and is recently trading around $0.32/share.

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

 
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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.