West High Yield Resources Ltd. | Critical Minerals for a Sustainable Future

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  • West High Yield (W.H.Y.) Resources Ltd. provides letter to shareholder from president and CEO

    CALGARY, ALBERTA (December 2, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) today released the following letter from President and Chief Executive Officer Frank Marasco Jr.

    Letter from President and CEO

    Dear Shareholders,

    As we close out 2025, I would like to extend my sincere appreciation to all our shareholders for their continued support and confidence in West High Yield (W.H.Y.) Resources Ltd (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H). This year has been one of meaningful progress, disciplined execution, and growing momentum across the Company’s business.

    In 2025, the Company achieved an important milestone with the award of the BC Mines Act Permit for the Record Ridge magnesium project (the “Project“). This accomplishment represents years of focused technical, environmental, and regulatory work, and positions the Company to enter a transformative phase as it moves toward construction and first production at the Project in 2026.

    Throughout the year, West High Yield’s team remained focused on disciplined execution, regulatory progress, environmental stewardship, and strengthening its foundation as the Company advance Record Ridge toward development. These efforts have materially de-risked the Project and advanced it into its current stage of pre-construction readiness.

    At the same time, the global landscape for critical minerals has shifted decisively. Magnesium/Silica/Nickel and Iron have emerged as priority materials for governments and industries seeking to secure domestic and North American supply chains. In response, governments across Canada, the United States, and the European Union have:

    • enacted policies to accelerate permitting for strategic minerals;
    • introduced incentives, grants, and funding access for domestic mining and processing; and
    • strengthened supply chain mandates for materials essential to national security, decarbonization, and advanced manufacturing.

    These macro forces present a significant tailwind for companies like West High Yield with advanced-stage, strategically located critical mineral assets. The recognition of these critical minerals as “strategic” reinforces the relevance of Record Ridge, underscores the relevance of the Project, and emphasizes the opportunity ahead as the Company moves toward production.

    With key regulatory, environmental, and engineering milestones completed and additional work well underway, the Company is entering its final stages of pre-construction readiness.

    The Company’s 2026 roadmap includes:

    • completion of final Project engineering and mine readiness planning;
    • Project long-lead procurement, site preparation, and infrastructure development; and
    • the launch of Project construction and a transition toward operational start-up.

    Supported by strong global demand, increasing policy support, and the meaningful progress achieved this year, 2026 is poised to be a pivotal year for the Company as it transitions Record Ridge from planning to construction and development.

    Looking Ahead

    West High Yield enters the new year with a clear mission and a BC Mines Act permit: to build Canada’s first environmentally responsible magnesium/silica mine, and deliver long-term value to its shareholders, indigenous partners, local communities, and other stakeholders.

    West High Yield thanks you for your continued commitment, confidence, and support and belief in its vision. The Company looks forward to sharing further updates as it advances toward full Project construction and operational readiness in the year ahead.

    On behalf of the entire team at West High Yield, I wish you and your families a Merry Christmas and a healthy, prosperous, and successful 2026.

    Sincerely,

    Frank Marasco Jr.

    President and CEO

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Contact Information

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

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

     

  • Initial reclamation bond posted, permit conditions advancing, and construction pathway strengthening for 2026

    CALGARY, ALBERTA (December 2, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) is pleased to provide a corporate update highlighting the posting of the initial reclamation bond for its Record Ridge magnesium and critical minerals project (the “Record Ridge Project” or the “Project“) located 10 kilometers southwest of Rossland, British Columbia, along with ongoing advancement of key permit conditions and pre-construction activities. Since receiving its Mines Act permit from the British Columbia Ministry of Mines and Critical Minerals (the “Permit“) for the Project, the Company has accelerated work across regulatory, environmental, engineering, and capital planning streams in preparation for targeted construction mobilization in the second quarter of 2026.

    Initial Reclamation Bond Posted – Advancing Permit Condition Fulfillment

    West High Yield has formally completed the first phase of the reclamation bond with the British Columbia Ministry of Mines and Critical Minerals, fulfilling a key British Columbia Mines Act Permit requirement and a key marker of de-risking the Record Ridge Project. This milestone:

    • reduces regulatory timeline uncertainty;
    • confirms alignment with provincial environmental and closure requirements; and
    • progresses the Project toward full construction authorization.

    “We continue to move the Record Ridge Project forward in a disciplined and structured manner”, stated Frank Marasco, President & CEO of West High Yield. “Posting the initial reclamation bond and executing the early-stage Permit requirements demonstrate our commitment to responsible development and to maintaining strong momentum following the issuance of the Mines Act Permit.”

    Environmental and Groundwork Activities Strengthen 2026 Construction Readiness

    Since the issuance of the Permit, the Company has advanced a sequence of pre-development tasks required ahead of site mobilization, including:

    • a comprehensive vegetation audit covering the access corridor and mine footprint;
    • tree marking and footprint delineation to refine the disturbance boundaries and engineering detail; and
    • baseline site-preparation work to support final design and contracting.

    These activities advance the Company toward the Project construction readiness, enabling mobilization in the second quarter of 2026 subject to final financing and regulatory coordination.

    Strategic Capital Pathway: Government Programs and Private Financing Advancing

    The Company is actively advancing both government and private-sector financing initiatives as part of its structured capital strategy for the Record Ridge Project. This includes ongoing engagement with Federal and Provincial critical mineral funding programs, as well as continued discussions with institutional lenders, international strategic groups, and private investors seeking long-term exposure to magnesium and related critical minerals.

    These financing pathways are intended to support the phased development of Record Ridge, including initial mine construction and future downstream processing opportunities within Canada’s growing critical-minerals supply chain.

    Record Ridge Positioning

    The Record Ridge Project remains well positioned as one of the few permitted critical mineral projects of its scale in Canada. The Company continues to advance the technical, regulatory, and financial work required to transition the Project toward phased development and long-term integration into the North American critical minerals supply chain.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    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.

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

     

  • West High Yield Resources receives green-light permit for Record Ridge Industrial Mineral Mine — advancing Canada’s domestic critical mineral refining

    CALGARY, ALBERTA (October 21, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield”) (TSXV:WHY)(FSE: W0H) is pleased to announce that the British Columbia Ministry of Mines and Critical Minerals (MCM) has officially issued the Mines Act Permit (the ”Permit”) authorizing the development and operation of the Record Ridge Industrial Mineral Mine (“RRIMM” or the “Project”), located near Rossland, British Columbia.

    This approval marks a transformational milestone for West High Yield, its shareholders, and the community — the culmination of years of rigorous environmental review, detailed technical evaluation, and extensive Indigenous and community engagement. The Project represents one of the more advanced critical mineral development opportunities in North America, containing magnesium, silica, nickel, and iron — key materials essential to clean energy technologies, advanced manufacturing, and the global energy transition.

    “This major milestone represents years of disciplined technical, regulatory, and community collaboration,” said Frank Marasco, President and CEO of West High Yield. “The RRIMM Permit validates the strength of our Project, our team, and our long-term vision. We extend our sincere appreciation to our Indigenous partners, government officials, local communities, consultants, contractors, and shareholders for their continued support throughout this rigorous process. With this authorization, we are now positioned to move from permitting into construction — a transformative step for the Company and all its stakeholders”

    Key Highlights

    • Mines Act Permit Granted: Authorizes mine construction and operation of RRIMM under comprehensive environmental and regulatory oversight.
    • Critical Minerals Portfolio: Focused on magnesium and silica with significant co-recoverable nickel, and iron, initially shipped to a third-party processor during this initial phase of the Project.
    • Strategic Indigenous Partnership: Construction and mining to proceed in collaboration with Skemxist Solutions, a partner company of the Osoyoos Indian Band (OIB), ensuring Indigenous leadership in environmental management and contracting.
    • Economic Impact: The Project will provide local employment and business opportunities, support regional economic growth, and align with British Columbia’s and Canada’s Critical Minerals Strategies.

    Next Steps: Moving Toward Development and Early Cash Flow

    Following Permit issuance, West High Yield and its technical consultants will complete post-permit environmental, safety and engineering compliance activities as required by the Ministry. Upon completion, the

    Company and Skemxist Solutions will commence site preparation and the construction of access roads and mine infrastructure to advance the Project development.

    During initial phase of operations, the ore from RRIMM will be sold to a U.S. buyer who will transport it to a processing facility of their choice. This represents a transitional step while we prepare for downstream development in Canada. The Project’s immediate focus is to begin small-scale mining under comprehensive environmental oversight and generate early cash flow. This initial phase lays the foundation for future investment into a domestic processing facility.

    West High Yield also plans to amend the Permit in the future to support a responsible expansion of production capacity and to develop Canada’s first magnesium-refining facility, creating hundreds of long-term jobs and positioning British Columbia as a North American leader in critical-mineral processing and value-added manufacturing.

    Support from the Osoyoos Indian Band

    “We are pleased to see the Record Ridge Industrial Mineral Mine moving forward under this Permit,” said Chief Clarence Louie of the Osoyoos Indian Band (OIB). “Through collaboration with WHY Resources and Skemxist Solutions, we are demonstrating that responsible development and Indigenous economic leadership can go hand in hand. This Project brings opportunity, training, and long-term benefits for our people and the entire region. OIB will continue to work with the Company and regulators to ensure the project’s impacts are managed and the environment protected.”

    A Responsible Start with a Long-Term Vision

    The RRIMM is a low-impact, small-scale project designed with community safety and environmental protection as top priorities. Operations involve drilling, blasting, crushing, and hauling – with no chemical processing or refining onsite. There are no tailings, no process water, and no smelting emissions. The Project’s design minimizes environmental risk while building the foundation for long-term value creation within Canada. It also advances national goals of securing domestic supplies of critical minerals such as magnesium, silica, nickel, and iron – all essential for electric vehicles, fuel cells, solar panels, and semiconductors — key components of the clean-energy transition.

    “The RRIMM represents a responsible and forward-looking ESG approach: start small, protect the environment, generate local benefits, and scale responsibly as partnerships and investments grow,” added Marasco.

    Future verticals under evaluation include magnesium oxide and silica production, pharmaceutical-grade magnesium, and magnesium wallboard, each contributing to Canada’s clean-energy economy and global decarbonization goals.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment

    Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    About Skemxist Solutions

    Skemxist Solutions is an Indigenous-led contracting firm specializing in mining, construction, and environmental management services across British Columbia. Through partnerships with Indigenous communities, Skemxist delivers projects that uphold environmental integrity while generating long-term local economic benefits.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary Telephone: (403) 829-2246 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.

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

     

  • West High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants

    CALGARY, ALBERTA (September 26, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) announces announces the exercise share purchase warrants (the “Warrants“) of the Company.

    Three holders of Warrants exercised an aggregate of 570,000 Warrants resulting in the issuance of 570,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD$0.30 per Warrant, resulting in total proceeds to the Company in the amount of CAD$171,000.00 upon such exercise.

    One holder of Warrants exercised an aggregate of 43,478 Warrants resulting in the issuance of 43,478 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD$0.35 per Warrant, resulting in proceeds to the Company in the amount of CAD$15,217.30 upon such exercise.

    The total gross proceeds to the Company from the combined exercise of CAD$0.30 Warants and CAD$0.35 Warrants was CAD$186,217.30.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    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 TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. responds to SRRAC Judicial Review filing and affirms EAO decision

    CALGARY, ALBERTA (September 25, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) responds to the unfounded allegations made by the Save Record Ridge Action Committee (“SRRAC“) in its recent announcement regarding a judicial review application filed against the British Columbia Environmental Assessment Office’s (“EAO“) final decision not to designate the Record Ridge Industrial Minerals Project (the “Project“) for environmental assessment.

    The SRRAC’s claims mischaracterize both the nature of the Project and the regulatory oversight process. West High Yield has consistently acted in full compliance with British Columbia’s laws, regulatory thresholds, and environmental safeguards. The Company is confident that the EAO decision will withstand the court’s review.

    “Our Company has followed the law at every stage of this process”, said Frank Marasco, President and Chief Executive Officer of West High Yield. “The EAO made its determination independently, based on evidence, thresholds, and precedent. The Company remains committed to transparency, environmental protection, and ensuring the Project delivers lasting benefits to local communities, Indigenous partners, and the Province of B.C. The allegations that we attempted to mislead regulators or put the public at risk are unfounded,. and we will vigorously contest these claims.”

    The below details all of the steps taken by the Company in furtherance of the Project, as well as key highlights and milestones of the Project up to the date of this news release:

    Regulatory Compliance and Transparency

    • For six years, the Project application advanced under the British Columbia Mines Development Review Committee guidance as an “Industrial Minerals Mine”, where the environmental assessment threshold is 250,000 tonnes per year. The Company applied for 200,000 tonnes for the Project, which was below the assessment threshold. .
    • In 2024, the EAO reclassified the Project as a “Mineral Mine”, with a lower threshold of 75,000 tonnes. The Company amended its application to 63,500 tonnes per year, which was below the assessment threshold.
    • The EAO’s final report confirmed that “intended operational production capacity” (not speculative or theoretical maximum capacity) is the required legal test, citing the British Columbia Court of Appeal’s Friends of Davie Bay decision (2012 BCCA 293).

    Independent Oversight by the EAO

    • The EAO conducted a rigorous, independent review of the revised scope, confirming the Project does not exceed the 75,000‑tonne per year threshold requiring an environmental assessment.
    • SRRAC’s response to the EAO’s draft report was filed nearly seven weeks after the deadline set by the EAO for stakeholders. Despite this, the EAO nonetheless considered it before issuing its final decision.
    • The assertion by SRRAC that the EAO accepted the Project’s updated plans “at face value” is simply not credible. The EAO is an independent body and it assessed the Project against legal thresholds and regulatory rules and regulations, as required by law.

    Indigenous Partnership and Oversight

    • A cornerstone of the Project is its formal Cooperation Agreement with the Osoyoos Indian Band (“OIB”), who fully support the Project. The OIB undertook their own independent environmental review of the Project. Construction and operations will be led by Skemixst Solutions, the OIB’s business enterprise.
    • This ensures Indigenous oversight, cultural awareness, and environmental stewardship while ensuring project benefits flow directly to Indigenous and local communities.

    Addressing Health and Environmental Concerns

    • West High Yield has commissioned accredited third‑party geological and environmental studies conducted by leading professionals and Qualified Persons confirming that conditions for ore extraction, handling, and transport are safe and manageable.
    • The Project will implement advanced dust suppression, continuous air and water quality monitoring, asbestos mitigation plan despite averaging only 0.0001% in volume verses Canadian guideline of 0.1%, in addition to strict material handling protocols to protect workers and the community.
    • A comprehensive reclamation plan is in place to restore the site after operations, in compliance with British Columbia Mines Act.

    Benefits for Community and Province

    • The Project will provide direct employment and supply‑chain opportunities for local businesses.
    • It contributes to Canada’s and British Columbia’s critical minerals strategy, securing sustainable supplies of magnesium, silica, nickel, and iron, materials that are essential for clean energy and advanced manufacturing.
    • The Project advances reconciliation by embedding Indigenous leadership and shared prosperity at its core.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

     

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    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.

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

     

  • West High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants

    CALGARY, ALBERTA (September 19, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) announces the exercise share purchase warrants (the “Warrants“) of the Company.

    Two holders of Warrants exercised an aggregate of 525,000 Warrants resulting in the issuance of 525,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD$0.30 per Warrant, resulting in proceeds to the Company in the amount of CAD$157,500.00 upon such exercise.

    Three holders of Warrants exercised an aggregate of 73,478 Warrants resulting in the issuance of 73,478 common shares of the Company. The specific Warrants held and exercised by the two warrantholders were exercisable at a price of CAD$0.35 per Warrant, resulting in proceeds to the Company in the amount of CAD$25,717.30 upon such exercise.

    The total gross proceeds to the Company from the combined exercise of CAD$0.30 Warrants and CAD$0.35 Warrants was CAD$183,217.30.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary Telephone: (403) 829-2246 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 TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    1410-7111-2985, v. 1

     

  • West High Yield (W.H.Y.) Resources Ltd. receives draft mining permit for its magnesium/silica project

    CALGARY, ALBERTA (September 15, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV: WHY) (FSE: W0H) is very pleased to announce that it has received a draft permit from the British Columbia Ministry of Mining and Critical Minerals (the “Ministry“) related to its mining operations at the Record Ridge Industrial Minerals Mine Critical Minerals project (the “Project“).

    The draft permit outlines the proposed conditions under which the Company may proceed with its planned extraction activities for the Project. West High Yield will conduct a comprehensive review of the draft, engaging its team of internal and external subject matter experts to evaluate the conditions and ensure all technical, environmental, and operational considerations are fully addressed.

    The Company expects to receive the final decision on its mining permit application in the coming weeks.

    “We are encouraged by this important step forward and appreciate the collaborative process with the Ministry,” said Frank Marasco, President and CEO of West High Yield. “We remain committed to responsible resource development and look forward to advancing the Record Ridge project in alignment with provincial guidelines and community interests.”

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

     

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

     

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    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.

    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 RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants

    CALGARY, ALBERTA (September 5, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) announces announces the exercise share purchase warrants (the “Warrants“) of the Company.

    One holder of Warrants exercised an aggregate of 50,000 Warrants resulting in the issuance of 50,000 common shares of the Company. The specific Warrants held and exercised by the one warrant holder were exercisable at a price of CAD$0.30 per Warrant, resulting in proceeds to the Company in the amount of CAD$15,000.00 upon such exercise.

    Two holders of Warrants exercised an aggregate of 112,000 Warrants resulting in the issuance of 112,000 common shares of the Company. The specific Warrants held and exercised by the two warrant holders were exercisable at a price of CAD$0.35 per Warrant, resulting in proceeds to the Company in the amount of CAD$39,200.00 upon such exercise.

    The total gross proceeds to the Company from the combined exercise of CAD$0.30 Warrants and CAD$0.35 Warrants was CAD$54,200.00.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary Telephone: (403) 829-2246 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 TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    1403-4907-8552, v. 2

     

  • West High Yield (W.H.Y.) Resources Ltd. announces exercise of options and warrants

    CALGARY, ALBERTA (August 21, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) announces announces the exercise of certain stock options (the “Options“) and share purchase warrants (the “Warrants“) of the Company.

    Options

    Five holders of options (the “Optionholders“) exercised an aggregate of 2,400,000 Options resulting in the issuance of 2,400,000 common shares of the Company (each, an “Option Share“). The Options were exercisable at a price of CAD$0.12 per Option Share, resulting in gross proceeds to the Company in the amount of CAD$288,000.00 upon such exercise.

    Warrants

    One holder of Warrants (the “Warrantholder“) exercised an aggregate of 100,000 Warrants resulting in the issuance of 100,000 common shares of the Company (each, a “Warrant Share“). The specific Warrants held and exercised by the Warrantholder were exercisable at a price of CAD$0.30 per Warrant Share, resulting in gross proceeds to the Company in the amount of CAD$30,000.00 upon such exercise.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    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 TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. welcomes final EAO decision on Record Ridge Magnesium Project

    CALGARY, ALBERTA (August 20, 2025) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV: WHY) (FSE: W0H) is very pleased to announce that the British Columbia Environmental Assessment Office (the “EAO “) has issued its Final Designation Decision confirming that the Company’s Record Ridge Industrial Minerals Project (the “Project“), near Rossland, British Columbia, will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018) (British Columbia) (the “Act“).

    The EAO reviewed applications submitted under Section 11 of the Act and concluded that the Project’s potential effects are being appropriately addressed through existing regulatory processes, including the Mines Act (British Columbia) and the Environmental Management Act (British Columbia). The EAO’s Final Designation Report and Reasons for Decision are publicly available on the EAO’s Project Information Centre: EAO EPIC – Record Ridge Project Documents.

    This Final Designation Decision follows the EAO’s earlier draft designation report, which reached the same conclusion. West High Yield previously issued a press release on May 28, 2025, welcoming the draft designation report ‘s findings: Read here.

    “We are pleased that the Environmental Assessment Office respected the opinion of the Osoyoos Indian Band and has allowed the Project to proceed”, said Chief Clarence Louie of the Osoyoos Indian Band. “We look forward to working with the leadership of West High Yield to ensure this Project is of the highest standards in keeping with the traditions and expectations of our people.”

    “We are extremely pleased with the EAO’s Final Designation Decision, which validates the rigorous review our Project has already undergone through the Mine Development Review Committee process led by the British Columbia Ministry of Mining and Critical Minerals”, said the Company’s President and CEO, Frank Marasco Jr. “This outcome provides the clarity and certainty we need to advance toward final permitting and development of the Project. We remain committed to building a sustainable operation that delivers critical minerals for Canada while protecting the environment and creating lasting benefits for local communities and Indigenous partners. ”

    The Project is a unique Canadian source of critical minerals, with a focus on magnesia (MgO) and silica (SiO2) products, both recognized as strategic and essential to the clean energy transition and a low-carbon economy. The Project has been reviewed by the British Columbia Mine Development Review Committee with input from provincial agencies, Indigenous Nations, and local governments, and has already advanced to the draft Mines Act (British Columbia) permit stage.

    West High Yield remains committed to working in close collaboration with Indigenous partners, regulators, and stakeholders to ensure the responsible development of the Project as it advances toward final permitting.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

     

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

     

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    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.

    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 RELEASE.