CALGARY, ALBERTA, – July 24, 2007. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield”) is pleased to announce that it has entered into an asset purchase agreement to acquire a mineral claim in British Columbia from Lyle Kenneth McLellan. Closing of the acquisition is expected to occur on July 25, 2007.
The mineral claim being purchased is as follows: Golden Drip – District Lot 539 Kootenay District, Nelson Trail Assessment Authority, Province of British Columbia.
The purchase price for the mineral claim is to be satisfied by the payment of $20,000 cash and 50,000 common shares of West High Yield. The transaction is subject to normal commercial closing conditions including the approval of the TSX Venture Exchange.
West High Yield is a junior exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold properties.
For further information please contact:
Frank Marasco Craig G. Robson
President and Chief Executive Officer Vice President, Corporate Development West High Yield (W.H.Y.) Resources and Investor Relations
28 Arbour Lake Drive, NW West High Yield (W.H.Y.) Resources
Calgary, Alberta T3G 3N8 Suite 620, 800 West Pender Street
Telephone: (403) 283-5555 Vancouver, BC V6C 2V6
Facsimile: (403) 206-7159 Telephone: (604) 868-7961
Facsimile: (604) 274-1431
Email: [email protected] Email: [email protected] [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.