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West High Yield announces first quarter 2008 interim financial results

CALGARY, ALBERTA, – May 23, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce the release of its financial results for the three months ended March 31, 2008 and the Management Discussion and Analysis (“MD&A”) dated May 22, 2008. The unaudited financial statements and related MD&A for the three month period ended March 31, 2008 were filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

Highlights

  • During the first quarter of 2008, the Company continued to receive assay results from the core samples from the 2007 field season. The Company has released the results for the 31 drill holes completed on its 2007 Diamond Drill Program. The assay results for drill holes were provided by Assayer Canada of Vancouver, British Columbia.
  • In the course of its exploration activities on its claims, the Company intersected broad zones of Ultramafic rock containing nickel and magnesium mineralization.
  • In the fall of 2007, the Company provided samples of the Ultramafic rock to SGS Minerals Services (“SGS”) in Lakefield, Ontario to undergo a series of mineralogical tests to establish magnesium recoverability. The Company anticipates the final report from this analysis in the next few months.
  • During the quarter ended March 31, 2008, the Company recorded a net loss of $237,580 or

$0.01 per share compared to a net loss in the corresponding period of 2007 of $306,665 or

$0.01 per share. At March 31, 2008, the Company had a working capital surplus of $2,514,736 compared to a working capital surplus of $2,703,304 at December 31, 2007. The current working capital surplus position will allow the Company to fund this year’s exploration activities.

About West High Yield

West High Yield is a publicly traded junior mining 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, nickel and magnesium properties.

For further information please contact:
Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. 28 Arbour Lake Drive N.W.,

Calgary, Alberta T3G 3N8 Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

Vice President, Corporate Development West High Yield (W.H.Y.) Resources Ltd. Suite 520, 700 West Pender Street Vancouver, B.C. V6C 1G8

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

The TSXV has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

This news release may contain certain forward-looking statements, including management’s assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with mining exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other explorers and producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward- looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Not for dissemination in the United States or to US persons.