Happy Creek drills 100.0 metres of 0.285% copper from Rateria Property,
Highland Valley, BC

February 26, 2008 Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company”) is pleased to announce additional drilling results recently received from the Rateria Property, located approximately 10 kilometres southeast of Teck Cominco’s Highland Valley mine concentrator.

Drilling continues to outline a new copper zone first discovered in 2006. Drill hole R07-09 intersected 100.0 metres containing 0.285% copper, including 44 metres containing 0.385% copper and drill hole R07-11 includes an intersection of 37.0 metres containing 0.581% copper.

Hole	From (m)	To (m)	Width (m)	Copper %
R07-9	68.5	168.5	100.0	0.285
includes	124.5	168.5	44.0	0.385
R07-10	85.0	158.0	73.0	0.230
includes	142.5	58.0	15.5	0.490
R07-11	114.0	151.0	37.0	0.581

Importantly, the Rateria property is underlain by geology, alteration and mineralization that is consistent with the Highland Valley type of deposits that are currently being mined between six and twelve kilometres to the northwest. Drill core is comprised of quartz diorite of the Skeena and Bethsaida phase and is cut by Bethlehem phase granodiorite feldspar porphyry. Zones of fracturing contain quartz veins, sericite-muscovite, kaolinite, and local k-feldspar alteration, with dominantly bornite and chalcocite copper sulphide minerals. Bornite and chalcocite are desirable, value-adding minerals within a copper concentrate. Drill hole R07-09 is an approximate 150 metre southward step out from hole R07-05, which intersected 134.0 metres containing 0.16% copper, including 33.5 metres of 0.31% copper (Refer to news release July 20, 2007).  Drill hole R07-10 is approximately 125 metres south of R07-09, and R07-11 is approximately 125 metres south of R07-10. These drill holes were directed to the east, at dips of approximately minus fifty degrees across the northerly trend of the zone. Results from two additional drill holes are pending.

The Company feels these results are significant in the context of being desirable bornite and chalcocite copper sulphides, near surface, and within ten kilometres of Teck Cominco’s existing copper concentrator. These drill intersections occur along a predicted structural corridor for a minimum strike length of 400 metres. Encouraged with these results, Happy Creek will continue drilling this zone and has initiated additional 3D induced polarization geophysical surveys to cover new areas of the property recently identified as having potential.

Paul Reynolds, P.Geo 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. All drill core was logged, split and sampled at a secure core facility. On-site personnel collect and track samples which are sealed and shipped to Acme Analytical Laboratories Ltd. in Vancouver. Acme’s quality control system complies with the requirements for the international standards ISO 9001:2000. Analytical accuracy and precision are monitored at the laboratory by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by on site personnel in order to independently assess analytical accuracy. Finally, blind duplicate samples are forwarded to Acme for additional quality control.


On behalf of the Board of Directors,

"David E Blann"

David E Blann, P.Eng.
President

FOR FURTHER INFORMATION PLEASE CONTACT:

Corporate Office: Nina Mallory, Corporate Communications Phone: 609.662.8310 Email: info@happycreekminerals.com

Investor Relations: Hugh Oswald, Ascenta Capital Partners Inc. Phone: 604.684.4743 ext. 243 Toll free: 1.866.684.4743 ext. 243 Email: hugh@ascentacapital.com

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.