February 20, 2026, Vancouver, British Columbia – TheNewswire - Happy Creek Minerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) is pleased to announce that it will be changing its corporate name to Fox Tungsten Ltd. Effective at the opening of trading on Wednesday, February 25, 2026, the common shares of the Company will commence trading on the TSX Venture Exchange under the new name and the new trading symbol “FOXT”.Shareholders holding Happy Creek share certificates can request a replacement cer ...

Company Overview - Happy Creek Minerals Ltd. intends to change its name to Fox Tungsten Ltd., pending approval from the TSX Venture Exchange [1] - The company focuses on discovering and building resources near infrastructure within its 100-percent-owned portfolio of diversified metals projects in British Columbia [2] Project Highlights - Key projects include the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore's closed Boss Mountain molybdenum mine, and the Hen-Art-DL gold and silver project [3] - On November 7, 2024, the company completed the sale of the Highland Valley Copper Project to Metal Energy Corp., retaining 2,347,220 common shares of Metal Energy [3] Corporate Responsibility - The company is committed to responsible mineral resource development and prioritizes building mutually beneficial relationships with Indigenous Communities in the areas where it operates [4]

Core Viewpoint - Happy Creek Minerals Ltd. announces the resignation of David Blann from its Board of Directors, effective January 19, 2026, and expresses gratitude for his contributions during his tenure [1] Company Overview - Happy Creek is focused on discovering and building resources near infrastructure within its 100-percent-owned portfolio of diversified metals projects in British Columbia [2] - Key projects include the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore's closed Boss Mountain molybdenum mine, and the Hen-Art-DL gold and silver project [2] Recent Developments - On November 7, 2024, Happy Creek completed the sale of the Highland Valley Copper Project to Metal Energy Corp., holding 2,347,220 common shares of Metal Energy post-sale [3] - The company is committed to responsible mineral resource development and prioritizes building mutually beneficial relationships with Indigenous Communities in its exploration territories [3]

Core Points - Happy Creek Minerals Ltd. has granted stock options to directors, officers, and consultants to purchase up to 4,470,000 common shares at an exercise price of $0.20 until December 22, 2030 [1] - The options will vest according to the Company's stock option plan and are subject to acceptance by the TSX Venture Exchange [1] - MarketSmart Communications Inc. and Small Cap Communications Inc. will receive options to purchase 300,000 and 100,000 common shares respectively, with vesting occurring at 25% each quarter over a 12-month period [2] Company Overview - Happy Creek is focused on discovering and building resources near infrastructure within its 100-percent-owned portfolio of diversified metals projects in British Columbia [3] - Key projects include the high-grade Fox Tungsten deposit and the Silverboss molybdenum-copper-gold-silver project, which is adjacent to Glencore's closed Boss Mountain molybdenum mine [4] - The Company sold the Highland Valley Copper Project to Metal Energy Corp. and currently holds 2,347,220 common shares of Metal Energy [4] - Happy Creek is committed to responsible mineral resource development and aims to build mutually beneficial relationships with Indigenous Communities in its exploration territories [5]

Core Insights - Happy Creek Minerals Ltd. has reported significant drill results from the 2025 program at the Fox Tungsten Project, indicating potential resource expansion and continuity of tungsten mineralization [1][2]. Group 1: Drill Results - The 2025 drill program included 18 diamond core drill holes totaling 2,176 meters, focusing on the expansion of tungsten resources at the Ridley Creek (RC) and BN zones [2][6]. - Notable results from the RC zone include: - 1.18 meters grading 6.83% WO3 from 31.2 meters in hole F25-13 - 1.00 meters grading 2.22% WO3 from 47.0 meters in hole F25-01 - 0.95 meters grading 1.11% WO3 from 36.5 meters in hole F25-02 [2][6]. - The BN zone drilling revealed: - 1.00 meters grading 0.88% WO3 from 105.0 meters in hole F25-16 - 1.65 meters grading 0.57% WO3 from 218.3 meters in hole F25-16 - 2.50 meters grading 0.25% WO3 from 106.2 meters in hole F25-17 [2][3]. Group 2: Geological Insights - The RC zone is approximately 400 meters by 175 meters, with a thickness ranging from 5 to 25 meters, and is open to the west beneath Deception Mountain [7][10]. - The BN zone consists of three stacked calc silicate horizons, with the middle horizon being the best defined and containing most of the current resource, located 20 to 80 meters below the surface [14][15]. Group 3: Exploration Focus - The 2025 drilling program aimed to explore the extent of calc silicate hosted tungsten mineralization mainly to the west and south, confirming geological continuity and expanding the resource area [10][16]. - The drilling at the BN zone tested the potential for mineralized horizons to extend to the northwest and at depth, indicating further resource expansion potential [16].

Core Viewpoint - Happy Creek Minerals Ltd. has entered into marketing and promotion contracts with two investor relations firms, MarketSmart Communications Inc. and Small Cap Communications Inc., to enhance its corporate profile and investor engagement [1][4]. Group 1: Marketing and Promotion Agreements - Happy Creek has signed a 6-month agreement with MarketSmart, starting November 1, 2025, for investor relations services, with a monthly fee of $7,500 plus taxes, and stock options for 300,000 common shares [2][3]. - The company has also entered into a similar 6-month agreement with Small Cap, commencing on the same date, with a monthly fee of $3,500 plus taxes, and stock options for 100,000 common shares [4][5]. Group 2: Research Initiatives - Happy Creek commissioned Hallgarten & Company Research to produce an initiation report to increase brand awareness, paying $6,500 for this service [6]. Group 3: Company Overview and Projects - Happy Creek is focused on discovering and building resources in British Columbia, with projects including the high-grade Fox Tungsten deposit and the Silverboss molybdenum-copper-gold-silver project [8][9]. - The company previously sold the Highland Valley Copper Project to Metal Energy Corp., retaining a 9.9% equity stake and a potential 2.5% Net Smelter Return royalty [10].

Core Viewpoint - Happy Creek Minerals Ltd. announces the resignation of CEO Jason Bahnsen and the appointment of Stephen Gray as the new CEO and Director, indicating a leadership transition at a crucial time for the company [1][3]. Company Leadership - Mr. Stephen Gray has extensive experience in the mining industry, having held positions at Rio Tinto Plc, Kinross Gold Corp., and Centerra Gold Inc. He holds a Bachelor of Science in Mining Engineering and an MBA [2]. - Mr. Gray expressed enthusiasm about joining Happy Creek and aims to build on the work done by his predecessor, highlighting the company's strong fundamentals in the tungsten market and its high-quality project portfolio [3]. Company Projects - Happy Creek is focused on resource development in British Columbia, with key projects including the high-grade Fox Tungsten deposit and the Silverboss molybdenum-copper-gold-silver project [4][5]. - The company recently completed the sale of the Highland Valley Copper Project to Metal Energy Corp., retaining a 9.9% stake in Metal Energy and a potential 2.5% Net Smelter Return royalty on the mineral claims [6]. Commitment to Community - Happy Creek is dedicated to responsible mineral resource development and aims to build mutually beneficial relationships with Indigenous Communities in its exploration territories [7].

Core Insights - Happy Creek Minerals Ltd. has completed the first tranche of drilling at the Fox Tungsten Project, with significant mineralization observed in all 18 drill holes [1][3] - The deeper drilling at the BN Zone has intersected two thick zones of calc silicate, indicating multiple mineralized horizons at depth that remain open [1][3] Fox Project - 2025 Exploration Program - From September 5 to October 5, 2025, the company completed 18 diamond core drill holes totaling 2,175.5 metres, focusing on resource expansion at the RC and BN zones [1][3] - All drill holes intersected calc silicate, the main host rock for tungsten mineralization, with variable concentrations of scheelite observed [3][4] - Drilling at the RC south zone has expanded the calc silicate horizon to the southwest and is open to the west beneath Deception Mountain [3][9] RC Zone Details - The RC zone measures approximately 400 metres by 175 metres and is a gently dipping tabular body with thickness ranging from 5 to 25 metres [5] - A total of 14 diamond core drill holes were completed at the RC zone, totaling 1,304.5 metres drilled, with an average hole depth of approximately 92 metres [6][7] - The drilling confirmed geological continuity of the calc silicate from surface to approximately 50 metres in thickness westward, expanding it 250 metres southward towards the BN zone [9] BN Zone Details - The BN zone consists of three stacked calc silicate horizons, with the middle horizon being the best defined and containing most of the current resource [12][13] - Four diamond core drill holes were completed at the BN zone, totaling 871.0 metres drilled, with an average hole depth of approximately 218 metres [14] - Drillholes intersected multiple horizons of calc silicate, supporting the model of stacked horizons at depth, indicating potential for mineralization to be open to the north and northwest [15][16] Resource Estimates - The 2018 NI43-101 Resource Estimate for the Fox Tungsten Project included an Indicated Resource of 582,400 tonnes at 0.826% WO3 and an Inferred Resource of 565,400 tonnes at 1.231% WO3 [2][20] - The current drilling program aims to further define and expand these resources, with selected core intervals sent for assay [10][16] Future Plans - The company plans follow-up drilling between the RC and BN zones, at the BK zone, and to the west beneath Deception Mountain, as well as conducting more geological and surface work [25]

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]

Core Viewpoint - Happy Creek Minerals Ltd. is facing challenges in delivering meeting materials and financial reports to shareholders due to a strike by the Canadian Union of Postal Workers, impacting the upcoming annual general meeting scheduled for October 24, 2025 [1][2]. Meeting Details - The annual general meeting will address several key items, including the approval of audited financial statements for the fiscal year ended January 31, 2025, fixing the number of directors at five, electing directors, appointing auditors, and approving a 10% rolling stock option plan [6]. - Due to the postal strike, the meeting materials may not be delivered in accordance with regulatory requirements, but they are available on the company's website and SEDAR+ profile [2][7]. Voting Information - Shareholders can vote by proxy or through intermediaries, with instructions available on the company's website [2][5]. - The deadline for voting by proxy is set for 10:00 a.m. Pacific time on October 22, 2025 [7]. Financial Reports Delivery - The postal strike will also hinder the mailing of interim financial statements and management discussion and analysis for the six months ended July 31, 2025, but electronic versions are available online [9]. - The company will provide copies of the financial reports via email to shareholders who request them during the strike [9]. Company Overview - Happy Creek Minerals Ltd. focuses on discovering and building resources near infrastructure within its portfolio of diversified metals projects in British Columbia [10][11]. - The company recently closed the sale of the Highland Valley Copper Project to Metal Energy Corp., retaining a 9.9% stake in Metal Energy and a potential 2.5% Net Smelter Return royalty [12]. - Happy Creek is committed to responsible mineral resource development and maintaining relationships with Indigenous communities in its exploration territories [13].