Happy Creek Provides Corporate Update

Corporate Update - Happy Creek Minerals Ltd. announces the retirement of CFO Richard Lee after over 15 years of service and welcomes Mathew Lee as the new CFO and Corporate Secretary [1][2] Highland Valley Sale Agreement - The company has amended the asset purchase agreement with Metal Energy Corp. for the Highland Valley Project, providing a nine-month extension to milestone payments and financing obligations [3] - The updated terms include a total of $6 million in milestone equity payments to be issued in shares by Metal Energy over the next four years, starting with $1 million on August 6, 2026, and culminating in $2.5 million on August 6, 2029 [3] - Metal Energy is required to complete an equity financing of at least $1.5 million by August 6, 2026 [3] Cariboo Project Royalty Agreements - Happy Creek has confirmed ownership of a 2.5% Net Smelter Return royalty over the original Cariboo Project mineral claims and extinguished its previous right to buy down 1% of the Cariboo Property NSR [5] - In exchange for extinguishing the buy-down rights, Happy Creek received a cash payment of $25,000 from the Cariboo Royalty Buyers [6] Issuance of Corporate Options - The company has granted 4,700,000 incentive stock options to directors, officers, and consultants, each exercisable at a price of $0.13 per share for a term of five years, with all options vesting upon grant [7]