CALGARY, ALBERTA – May 18, 2021 West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) is pleased to provide an update on the status of its permit application at its Record Ridge magnesium deposit located at Rossland, British Columbia (“Record Ridge” or the “Project“) and on the progress and development of its proprietary metallurgical process to “Stage-2 PFS” by successfully conducting additional laboratory test work (the “Testing Project“) at the facility (the “KPM Facility“) owned and operated by Kingston Process Metallurgy Inc. (“KPM“). The Testing Project has been supported in part by advisory services and research and development funding from the National Research Council of Canada Industrial Research Assistance Program (the “NRC IRAP“).

Record Ridge Mining Permit

The Company initially retained Greenwood Environmental Inc. and SRK Consulting (Canada) Inc. (together, the “Consultants“) in 2019 to be co-lead consultants in pursuit of the industrial mineral mine permit (the “Permit“) at Record Ridge. The Consultants assisted the Company in the submission of its Permit to the (then) British Columbia Ministry of Mines (the “Ministry“) in February 2019. For Permits such as the one submitted by the Company, the Ministry has established a multi-step permit review process where major issues are identified upfront, followed by a detailed review. In 2019, the Consultants successfully completed a baseline and environmental study (the “Study“) in response to a request from the Ministry. The results of the Study showed no major baseline or environmental issues at Record Ridge, thus satisfying the Ministry’s initial permit review threshold. Subsequent review steps by the Ministry will focus on the details of the Project’s environmental monitoring and management.

Further work on securing the Permit was put on hold by the Company in 2020 due to financial challenges attributed mainly to the COVID-19 pandemic. After having recently secured the necessary financing to cover the remainder of the Permit costs, West High Yield recently re-engaged the Consultants to resume their work on the Permit application process. The Company is currently in the third and final review stage mandated by the Ministry, such stage expected to require six to nine months to be completed and to obtain Ministry approval.

Metallurgical Process Development

Previous work in respect of the Testing Project was done in 2019 by KPM resulting in the completed “Stage- 1 PFS”, and demonstrated that the ore from Record Ridge can be successfully leached using proprietary hydrochloric acid (“HCl“) leaching and that the resultant magnesium chloride (MgCl₂) solution can be purified using standard hydrometallurgical techniques to >99 wt% MgCl₂. It was concluded that this solution would be suitable to produce saleable high purity (>99%) magnesium oxide (“MgO“) and magnesium hydroxide (“Mg(OH)₂“)products.

The Company re-engaged KPM in January 2021 to conduct “Stage-2 PFS” with the objective of continuing process development on the pathway to commercialization by performing a set of laboratory scale

experimental test work to validate the designed flowsheet for production of high purity MgO and Mg(OH)₂ products and saleable by-products including nickel chloride (“NiCl₂“), nickel oxide (“NiO“), iron oxide (“Fe2O₃“) and silica (“SiO₂“). The “Stage-2 PFS” phase of the Testing Project was supported in part by advisory services and research and development funding from the NRC IRAP.

On April 28, 2021, KPM reported successful test work results that validated the chemistry and process conditions proposed to produce high purity MgO main product, and nickel oxide, iron oxide and silica by- products. A technical grade >98wt% pure MgO as well as high grade, >99% MgO were achieved by the proposed ‘static’ roasting-washing-calcination process. Final results are expected shortly for the spray roasting process that was successfully tested.

High purity SiO₂ was produced as by-product using chemical treatment of the initial leach residue. Fe solid residue was obtained in the Fe/Ni recovery section using pyrohydrolysis process from the solid filter cake obtained from magnesium chloride purification stream. This was further calcined to produce pure Fe₂O₃ by- product. Intermediate iron hydroxide FeO(OH) was obtained, which could also prove to be a valuable by- product. Finally, nickel chloride and oxide were also obtained in the subsequent tests. A preliminary commercial scale flowsheet and mass and energy balance were prepared based on the test results.

KPM recommended that the project proceed to the next stage that would include further test-work to study and optimize the various nickel, silica and iron by-products, followed by a techno-economic evaluation and preliminary engineering design and costing work as part of the prefeasibility study required ahead of a pilot demonstration of the process.

All of the aforementioned process work to date directionally demonstrates that the proprietary process has the potential to extract the highest purity products, with the highest yields, for the lowest comparable cost, with minimal environmental impact.

Statement from the Company

“We are very optimistic and excited with the progress that the Company is making in advancing the Record Ridge deposit through the pursuit of the mining permitting process, which has reached its final stage, and through further advancing our proprietary process development, having recently successfully finished Stage- 2 PFS. We are also extremely pleased to have support from NRC IRAP for this project. As the Company advances to these critical stages of the Project, it is becoming increasingly aware of the value of the many years of continuous geological, environmental and processing works that have been completed at Record Ridge. West High Yield is very thankful for the dedication of its team and its partners to advance this important work in a current uncertain environment. The Company’s recent financings put it in a strong position to continue to move Record Ridge forward toward finishing critical de-risking milestones”, said Frank Marasco Jr., West High Yield’s Chief Executive Officer and President.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO₂ emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.

Frank Marasco, President and Chief Executive Officer Telephone: (403) 660-3488 Facsimile: (403) 206-7159 Email: [email protected]

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

 

CALGARY, ALBERTA – April 29, 2021 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) announces that it has arranged for a loan to be provided by Big Mountain Development Corp. Ltd. (the “Lender“), a related party of the Company, in the principal amount of CAD$750,000 (the “Loan“). The Loan will have a term of 12 months and will bear interest at the rate of 10% per annum. The Loan will be secured by the previously executed first charge general security agreement on all of the present and after-acquired property of the Company granted in favour of the Lender.

The Company further announces the closing (the “Closing“) of its previously announced private placement (the “Private Placement“) for 1,325,000 units (the “Units“) at a price of CAD$0.20 per Unit for gross proceeds of CAD$265,000.00. Each Unit is comprised of one common share (the “Common Shares“) and one Common Share purchase warrant (the “Warrants“). The Warrants expire 12 months from the date of issue and two (2) Warrants together with CAD$0.30 will entitle the holder to acquire one (1) additional Common Share of the Company. No finder’s fee was paid to any person in relation to the Private Placement. The Units issued pursuant to the Private Placement are subject to resale restrictions, including a hold period of four months and one day pursuant to applicable Canadian securities laws.

The proceeds of the Loan and the Private Placement will be used primarily to fund the completion of the Company’s application to the British Columbia Department of Mines for the mining permit for the Record Ridge magnesium/nickel mine located in Rossland, British Columbia and for general working capital.

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.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.

Frank Marasco, President and Chief Executive Officer Telephone: (403) 660-3488 Facsimile: (403) 206-7159 Email: [email protected]

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward- looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

 

CALGARY, ALBERTA –November 10, 2020 West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV:WHY) announces that it has entered into a joint venture with EnviroGold Global for the development, operation, and reclamation of its precious mineral (Au/Ag) rock rejects located on its gold claims in Rossland, BC. The venture is conditional upon the parties receiving approval from the Ministry of Mines in British Columbia and when approved, will help West High Yield in unlocking the tremendous value of the mine reject rocks that were stockpiled on the Company’s claims from historic mining operations on its Rossland property.

The reject rock averaged 2.5 gpt Au based on independently assayed random 99 bulk samples at Metsolve Laboratories, BC. All recoverable saleable minerals and metals will be extracted and marketed including but not limited to recoverable gold and silver. Proceeds from this project will be used by the Company to support advancement of its strategic vision to develop its mineral resource properties in British Columbia.

The extraction and reclamation of the reject stockpile, which is scheduled to commence in December, 2020, will be operated and managed by EnviroGold , with all project costs paid by EnviroGold and then recovered by EnviroGold from the proceeds of sale of the processed reject rock, after which the net proceeds will be split on a 50/50 basis between the project partners.

President and CEO of West High Yield, Frank Marasco Jr. described the transaction as “win-win” for both parties.

“We are excited to partner with EnviroGold to extract the value from our rejects stockpile and use the proceeds to advance our business plan. EnviroGold’s team and experience will assist our Company in unlocking the value in this ready to process asset.” Mr. Marasco said.

EnviroGold CEO James Canning-Ure said he was excited for the opportunity to be working with West High Yield in creating value for the Company from a previously mined resource.

“For mine owners like West High Yield, we not only create an otherwise unavailable passive income stream from waste, but we dramatically reduce a mine’s environmental footprint, mine site maintenance costs, risk and rehabilitation commitment,” Mr Canning-Ure said.

The agreement with EnviroGold supersedes a prior agreement of the Company to mine the reject rocks, which will terminate on November 20, 2020.

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.

About EnviroGold Global

EnviroGold Global is a modern precious metals company with a “Planet before Profit” focus, applying specialized technologies and processes to recover up to 98% of precious metals from mine tailings, waste and mine wastewater utilizing cost effective processes with a high regard for environmental standards and transforming uneconomic mine tailings and waste into a valuable resource. EnviroGold maximizes environmental stewardship and unlocks new streams of shared value for shareholders and community stakeholders and positively impacts climate change.

For further information, please contact:

Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

James Canning-Ure Chief Executive Officer EnviroGold Global

Telephone: +61 418 745 477

Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release. This

press release is not for distribution in the United States.

 

CALGARY, Alberta, October 7, 2020 — West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV:WHY) announces two non-brokered private placements (the “Offerings”).

The first Offering is a Flow-Through Private Placement of up to $2,100,000 for 7,000,000 Units of the Company comprised of 7,000,000 Common Shares issued on a flow-through basis and 7,000,000 Common Share Purchase Warrants (the “Warrants”). Each Unit is priced at $0.30 per Unit with $0.30 allocated to each Common Share. The Warrants expire 12 months from the date of issue and two (2) Warrants together with $0.40 will entitle the holder to acquire one (1) additional Common Share of the Company.

The second Offering is a Private Placement of up to $1,500,000 for 7,500,000 Units of the Company comprised of 7,500,000 Common Shares and 7,500,000 Common Share Purchase Warrants (the “Warrants”). Each Unit is priced at $0.20 per Unit. The Warrants expire 12 months from the date of issue and two (2) Warrants together with $0.30 will entitle the holder to acquire one (1) additional Common Share of the Company. The minimum subscription on both Offerings is $5,000.

The proceeds from the sale of the Units pursuant to the Offerings will be used primarily to fund the completion of the Company’s approved drilling program of up to 20,000 metres (22 holes) on the Company’s Midnight Gold Claim located in the Rossland Gold Camp in British Columbia. A portion of the proceeds will also be used to fund the completion of the application by the Company to the BC Department of Mines for the mining permit for the Record Ridge Magnesium/Nickel Mine located in Rossland, British Columbia and for general working capital.

The Industrial Quarry Permit sought under the BC Mines Act will allow for the extraction and sale of up to 249,999 tonnes per annum of industrial rock. The Company is also in the process of developing a pilot plant processing facility to upgrade the magnesium ore on its Rossland property to ultra-high purity (99%) Magnesium Oxide product.

The Rossland Gold Camp historically produced over 2.76 million ounces of recovered Gold and 3.52 million ounces of recovered Silver. Historical gold production, geological work and drill holes previously conducted by the Company reinforce the potential of the Midnight Gold Claim.

Closing of the Offerings is anticipated to occur on or before November 18, 2020 and is subject to final receipt and approval of the TSX Venture Exchange (the “TSXV”). Finder’s fees may be payable to qualified agents in appropriate circumstances in connection with the Offerings.

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. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release is not for distribution in the United States.

 

CALGARY, ALBERTA – September 24, 2020. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV:WHY) announces that the BC Ministry of Mines has granted the Company a drilling permit for the drilling of 22 drill holes of up to 600 metres per hole and an aggregate of 20,000 metres on the Company’s Midnight Gold Claim located in the Rossland Gold Camp. The Rossland Gold Camp historically produced over 2.76 million ounces of recovered Gold and 3.52 million ounces of recovered Silver. Historical gold production and geological work and drill holes conducted by the Company’s results reinforce the potential of the Midnight Claim.

The Company is utilizing the analysis from the 26 gold drill hole program conducted by the Company in 2009 on its Midnight Claim. All holes intersected a series of quartz veins and gold bearing serpentinites with significant gold values, notably hole MN09-15, which returned weighted average of 40.1 g/tonne over a true width of 2.3 metres including 198 g/tonne Au for a true width of 0.8 metres near surface (13.9 metres in drill depth) and hole MN09-24, which returned a weighted average of 25.16 g/tonne over a true width of 3.6 metres including 73.23 g/tonne Au for a true width of 1.2 metres. Highlights of the 2009 Drill Program are set out below.

Hole	Depth (m)	From	To	Width (m)	Grade Au (g/t)	Comments
MN 09-4	123	31.3	39.4	8.1	12.2	Listwanized serpentinite 8 g/t Ag including 85.48 g/t Au and 58.2 g/t over 1 m
MN 09-6	121	13.6	26.8	13.2	7.40	Mixed Qtz + listwanized serp. 4.4 g/t Ag including 38.21 g/tonne Au & 53.3 g/tonne Au over 0.6 m & 0.5 m, respectively
MN 09 -15	106	13.9	18	4.1	40.11	Green serp. & soapstone (19.7 g/tonne Ag including 198 g/t Au over 0.8 m
MN 09-24	82	28.9	33.5	4.6	25.16	Mixed Qtz veins & serpentinite including 73.23 g/t Au over 1.5 m

Based on the previously released 2009 drill core results, the Company plans to further define the gold mineralization on its Midnight Claim in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.

“The Midnight Claim contains high-grade quartz–carbonate veins with native gold and minor silver and sparse sulphides. The Company is encouraged by the theory given by many of its senior geology consultants that the series of gold-enriched quartz veins and gold bearing serpentinites identified by the drill holes to date, have been enriched from a contained deeper source. In accordance with this hypothesis, the Company planned the next drill holes to be drilled to a depth of at least 600 metres per hole”, stated Cory Peck, P.Geo., who advises the Company.

Set out below is a map of the Geology on the Midnight Claim.

Geological Cross Section on the Midnight Claim

The chart below depicts recorded past production from up to 1941 from the combined Midnight, IXL and OK Claims, which are now part of the Company’s land base in Rossland, British Columbia.

CLAIM	TONNES	GRAMS AU	GRADE Au g/t	OUNCES Au	Grade Au OPT
IXL	5248	809766	154	25912.5	4.49
MIDNIGHT	4760	218346	46	6987.1	1.34
OK	293	17916	61	573.3	1.78
TOTAL	10301	1046028	101.5	33472.9	2.96

“The Company is excited and energized by the convergence of global market opportunities for West High Yield. Our ability to further define the potential of the Midnight Gold Claim will be an additional value driver in addition to the next steps in the commercialization of the Company’s proven magnesium asset coupled with the nickel and high grade silicate to be produced through our proprietary and environmentally sensitive extraction process. The Company thanks the shareholders for their patience and continued support of this green mining project”, stated President and CEO, Frank Marasco Jr.

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. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release is not for distribution in the United States.

 

CALGARY, ALBERTA –November 27, 2019. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) announces that Barry Baim will transition from his current executive role as VP Corporate Development, and has accepted appointment to the Board of Directors of the Company effective today. Mr. Baim brings to the Board a deep understanding of the next steps required for the ongoing development of the Company’s Record Ridge Mine and the commercial requirements of an evolving dynamic growth oriented global magnesium marketplace.

Baim has been a senior leader for Molson Coors, as well as an executive in the resource sector with companies in seismic, oil-sands mining services and production optimization. He is a past Director of Siksika Resource Development Ltd, Paradigm Chemical Technologies, Millennium Seismic and currently serves as a director for SGV Canada Ltd.

President and CEO Frank Marasco states “This announcement underscores the Company’s commitment to augment the current strength of the board with relevant skills and competencies required for the next step in the strategic commercialization of the Company’s mine assets.”

Coincident with this announcement, the Company’s Board of Directors approved the granting of 100,000 options to Mr. Baim. The options are issued with an exercise price of $0.15 per share and have a five-year term.

Further, it is with deep appreciation for his years of outstanding service and guidance, the Company announces that Ian Kennedy has resigned from the Board of Directors effective November 25, 2019. Mr. Kennedy has agreed to assist the Company through taking an advisory role, providing support, guidance and ensuring that the transition is as smooth as possible. His efforts have been instrumental in the mine permit submission, currently in its final phase and the extremely positive optimization results of the planned metallurgical process reflecting much higher magnesium yields and purity. The Company will conduct a thorough search for a qualified new Director, and with Ian’s advisory support facilitate the orderly transition to a new Director. The Company thanks Ian for his professionalism and commitment to the success of the Company today and in the future while wishing him all the best.

In addition, the Company announces that is has accepted the resignation of Dwayne Vinck, the Company’s Chief Financial Officer, effective as of November 20, 2019. The Company wishes to thank Mr. Vinck for his 12 years of service and all the best in his future endeavors. A search for his replacement has been initiated and an announcement will follow in this regard. In the interim, the Company has arranged transitional financial services to ensure the ongoing effectiveness of the organization.

The Company is looking forward to completion of the final step of the permit process and the move towards initiation of the mining process. The Company also announces that it has entered in an agreement to process

360,000 tons of mine tailings located on its Rossland Gold Camp property to recover base minerals, primarily Gold.

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. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the investigation and confirmation of key assumptions in the PFS study report. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward- looking statements and information are based are reasonable, undue reliance should not be placed on the forward- looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

CALGARY, Alberta, May 10, 2019 — West High Yield (W.H.Y.) Resources Ltd. (the “Company“) (TSXV: WHY) announces that, subject to regulatory approval, it has retained Questrade, Inc. (“Questrade”) to provide market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable securities legislation.

Questrade will trade shares of the Company on the TSXV with the guarantee to limit the difference between bid price and offer price of the Company’s shares to $0.015, with the goal of maintaining a reasonable market and improving the liquidity of the Company’s common shares. Under the terms of the agreement, Questrade will receive $3,000 per month payable monthly. The agreement will continue in effect unless terminated by either party. Questrade will not receive any shares or options as compensation for the services. Questrade and the Company are unrelated and unaffiliated entities. Questrade (www.questrade.com) is a Canadian leader and innovator in financial services industry.

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. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the terms of the proposed non-brokered private placement of Units, the proposed use of proceeds and the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the

U.S. Securities Act.

 

CALGARY, Alberta, May 01, 2019 — West High Yield (W.H.Y.) Resources Ltd. (the “Company”) (TSXV: WHY) is pleased to announce conclusions and recommendations of a Stage 1 Pre-Feasibility Study (“PFS”) report conducted by Kingston Process Metallurgy Inc. (“KPM”) of Kingston, Ontario providing an evaluation of Magnesium processing and recovery alternatives and metallurgical testing on the Company’s Magnesium bearing serpentine. The PFS Stage 1 testing focused on leaching and purification tests and development of basic process data required to complete engineering design and economic analysis.

KPM’s report stated “overall, the work has clearly demonstrated that it is possible to produce a high purity (>99%) Magnesium chloride (“MgCl₂”) solution from Record Ridge material using a commercially proven Hydrochloric acid (“HCl”) based treatment process. This solution would be suitable for the production of high value, high purity Magnesium Oxide (“MgO”) and flame

retardant quality Magnesium hydroxide (“Mg(OH)2”) using a commercially proven pyrohydrolysis.” KPM recommended the Company proceed to Stage 2 of the PFS involving completion of the engineering design and costing.

The Company is encouraged by these results. Several key assumptions will need to be confirmed with further investigation and optimized testing. This includes, but is not limited to, locked cycle leach, effective industrial scale liquid solid separations, comprehensive heat and mass balances.

The Company also announces that it has settled the class action claim disclosed in note 14 to its annual audited financial statements for the year ended December 31, 2018. As a result of the settlement, the Company agreed to pay $99,000.

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.

For further information please contact:

Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the investigation and confirmation of key assumptions in the PFS study report. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the

U.S. Securities Act.

 

CALGARY, Alberta, Feb. 14, 2019 — West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV: WHY) is pleased to announce that it has submitted a joint Permit Application for a Mines Act permit and Environmental Management Act permit (the “Permit Application”) proposing to develop and operate its Record Ridge Industrial Mineral Mine Magnesium Project (the “RRIMM Project”) near Rossland, British Columbia.

This Permit Application’s structure and content follows the guidance provided in the “Joint Application Information Requirements for Mines Act and Environmental Management Act Permits” (dated February 2016) prepared by the BC Ministry of Energy and Mines and the BC Ministry of Environment (together, the “Ministries”) and associated draft Section 4 revision (dated March 22, 2018). In addition, the Permit Application addresses the list of information requirements as per the Joint Information Requirements Table (“IRT”) that was developed and reviewed by the Mine Development Review Committee of the Major Mines Permitting Office, specifically for the RRIMM Project.

The Company began an extensive program of collecting environmental data in 2016 under the guidance and direction of Greenwood Environmental Inc. and in close coordination with SRK Consulting (Canada) Inc. who provided engineering oversight and mine planning. The Company’s RRIMM Project team has met weekly and has participated with the reviewers from the Ministries in the pre-application phase to determine the requirements and any specifics and methodologies that were or may be required for the Permit Application.

The Permit Application will now be screened against the information required in its unique IRT and any changes or additional information requested will be considered by the Company. The Permit Application includes the principal report and 31 individual management reports and environmental assessments.

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.

For further information please contact:

Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward-looking statements and information concerning the process and timing of review of the Permit Application by the Ministries. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the

U.S. Securities Act.

 

CALGARY, Alberta, Dec. 21, 2018 — West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV: WHY) announces that it has completed the first tranche of its previously announced non-brokered private placement of units (“Units“). The Company issued an aggregate of 966,666 Units at a price of $0.30 per Unit for gross proceeds of

$289,999.80. Each Unit consists of one common share in the capital of the Company (a “Common Share“) and one-third of one common share purchase warrant (a “Warrant“). Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.50 for a period of one year from the date of issuance of the Warrant. All of the securities issued under the private placement are subject to a four month resale restriction.

The Company announces that the TSX Venture Exchange has consented to the Company extending the final closing of the proposed private placement to a date that is on or before January 23, 2019. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange.

As previously disclosed, assuming the maximum offering is completed, approximately $1,200,000 of the net proceeds are expected to be used for the continuation of the environmental base line study, environmental assessment study and mine plan and permit application and Industrial Mineral Mine Permit application for the Company’s Record Ridge deposit near Rossland, British Columbia and the balance of the net proceeds will be used for general corporate purposes. If the offering is not fully subscribed, the Company will apply the proceeds to the above uses in priority and in such proportions as the board of directors and management of the Company determine is in the best interests of the Company. Although the Company intends to use the proceeds of the offering as described above, the actual allocation of proceeds may vary from the uses set out above, depending upon future operations, events or opportunities.

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. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning, the proposed allocation and use of proceeds and the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the

U.S. Securities Act