Happy Creek Announces CEO Transition

Executive Summary

• Jason Bahnsen resigns as both Director and Chief Executive Officer of Happy Creek Minerals Ltd., effective immediately.
• Stephen Gray is appointed to succeed Bahnsen, assuming the roles of CEO and Director.
• Gray brings senior mining and business‑development experience from Rio Tinto, Kinross Gold and Centerra Gold, positioning the company for continued advancement of its tungsten‑focused portfolio.

Key Details

• Resignation: Jason Bahnsen steps down from the Board of Directors and as CEO effective 6 Nov 2025.
• Appointment: Stephen Gray appointed CEO and Director on the same date.
• Background of New CEO:
• Former senior roles at Rio Tinto Plc, Kinross Gold Corp., and Centerra Gold Inc.
• Bachelor of Science in Mining Engineering (Queen’s University).
• MBA (Western University).
• Board Statement: Chair Walter Segsworth thanked Bahnsen for his service and welcomed Gray, noting the timing aligns with key exploration programs and strong tungsten market sentiment.
• CEO Quote: “I’m thrilled to be joining Happy Creek and look forward to building on the excellent work completed by Jason and the rest of the team… The Company is well positioned for the future.” – Stephen Gray.

Notable Quotes

“I’m thrilled to be joining Happy Creek and look forward to building on the excellent work completed by Jason and the rest of the team. With strong fundamentals in the tungsten market and a high‑quality portfolio led by the Fox project, the Company is well positioned for the future.” – Stephen Gray, CEO

Materiality Assessment: Material – Neutral (leadership transition that could affect strategic direction but does not convey immediate financial impact).