Categories
2008 News Release

West High Yield announces 2007 annual financial results

CALGARY, ALBERTA, – April 25, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce the release of its financial results for the year ended December 31, 2007 and the Management’s Discussion and Analysis (“MD&A”) dated April 24, 2008. The audited financial statements and related MD&A for the period ended December 31, 2007 were filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

Highlights

  • Phase 3 of the Company’s 2007 core drilling program was completed in November, 2007. During 2007, approximately 6,279 metres of core was drilled on the Company’s property near Rossland, British Columbia.
  • The Company previously announced that it had received the analysis for the 31 drill holes completed on its 2007 Diamond Drill Program drilled on the Company’s properties. The assay results for drill holes were provided by Assayer Canada of Vancouver, British Columbia.
  • In the course of its exploration activities on its claims, the Company intersected broad zones of Ultramafic rock containing magnesium, nickel and cobalt mineralization.
  • During the quarter ended December 31, 2007, the Company recorded a net loss of $318,962 or $0.01 per share (year to date $2,239,560 or $0.06 per share) compared to a net loss in the corresponding period of 2006 of $572,369 or $0.02 per share (year to date $1,986,511 or $0.07 per share). At December 31, 2007, the Company had a working capital surplus of $2,703,304 compared to a working capital surplus of $1,657,594 at December 31, 2006. The current working capital surplus position will allow the Company to fund this year’s exploration activities.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel, magnesium and cobalt properties.

For further information please contact:
Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

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

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

Categories
2008 News Release

West High Yield releases balance of 2007 drill results

CALGARY, ALBERTA. April 24, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company has now received the analysis for all 31 holes drilled in its 2007 NQ Diamond Drill Program. The Company reports the results for the last 11 holes which includes drill holes WS07 1 through 4 on the Company’s West Sophia property, drill hole GD07 1 on its Golden Drip property and drill holes RRS07 1 through 6 on its Record Ridge South property. The Company drilled an aggregate of 6,279 metres on its contiguous mineral properties located near Rossland, British Columbia in the 2007 drill program. The following map sets out the areas on which the 2007 exploration program was conducted.

West Sophia

The Company reports that the northern part of West Sophia is dominated by volcanic and sub- volcanic dykes within the serpentinites. Of the four vertical holes drilled in West Sophia, two holes (1 and 3) disclosed volcanic and intrusive rocks (basaltic andesite to diorite) from overburden contact to end of hole with no ultramafic rocks being observed. The assayed results from the West Sophia drilling program are summarized in the following chart.

DDH WS07 Hole Angle Depth metres Length metres Nickel

%

Cobalt

%

Chromium

%

Magnesium

%

From To
1 -90˚ 1.52 90.7 89.18 0.006 0.002 N/A N/A
2 -90˚ 3.38 25.76
  • 22.38
0.199 0.01 0.27 21.7
3 -90˚ 3.7 44.8 41.1 0.01 0.003 N/A N/A
4 -90˚ 4.61 33.13
  • 28.52
0.200 0.01 0.30 24.3

Disclaimers:

  1. The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
  2. Length metres with the “•” symbol is from the overburden contact to the base of serpentinite intersection underlain (undercut).

Golden Drip

The Company reports that one drill hole was completed to the depth of 267 metres on its Golden Drip property. The purpose of this drilling was to find a possible vein system near the volcanic (andesite) serpentinite contact in the Golden Drip property which is parallel to the known veins in the contiguous OK and IXL workings. The drilling results for the Golden Drip property were not encouraging as management determined that the volcanic rocks in this hole are not a part of major volcanic lava but rather dikes or sills injected within the serpentinites. Two quartz veins were assayed and the results are summarized in the following chart.

DDH GD07 Depth metres True

Width metres

Au g/tonne Ag g/tonne
From To
1 2.7 3.4 0.5 0.193 0.0095
141.27 143.64 1.4 0. 201 0.01

Record Ridge South

Six vertical holes with 100 metres spacing were drilled in the Company’s Record Ridge South property. The Company reports that holes 1, 4, 5 and 6 on a 100-metre square grid encountered ultramafic rocks and returned broad zones of magnesium, nickel and cobalt bearing serpentinites from the surface or near surface to the depth of 55 metres to 137 metres, averaging just over 100 metres. As set out below, the magnesium values of the near surface serpentinites for those four

holes range from a low of 22.4% in hole 1 to a high of 26% in hole 5, averaging 24.5% magnesium. Hole 1 also includes nickel and cobalt bearing zones within the serpentinites. However, it should be noted that this nickel bearing section lies at a deeper level of approximately 172 metres below the surface. Based on the results to date and as a result of easier access, the Company advises that it will continue with its drill program on the Record Ridge South property in the summer of 2008.

DDH RR507 Hole Angle Depth metres Length metres Nickel

%

Cobalt

%

Chromium

%

Magnesium

%

From To
1 -90˚ 14.17 141.09
  • 126.92
0.193 0.0095 0.30 22.4
142.49 156.53 14.04 0. 201 0.01 0.32 20.5
157.67 161.69 4.02 0. 218 0.0 1 0.32 20.0
163.37 179.40 16.03 0.274 0.0 1 0.33 22.7
181.66 201.7 20.05 0.178 0.0 1 0.24 22.0
2 -90˚ 2.0 19.82
  • 17.82
0.222 0.02 0.29 25.5
3 -90˚ 9.48 39.41
  • 29.93
0.207 0.01 0.30 24.7
42.51 73.05 30.54 0. 191 0.01 0.27 22.0
4 -90˚ 2.25 94.57
  • 92.32
0.210 0.01 0.35 25.0
109.86 118.84 8.58 0.202 0.01 0.42 31.3
123.41 182.80 59.39 0.219 0.01 0.31 25.5
5 -90˚ 13.62 151.18 137.56 0.214 0.0 1 0.35 26.0
155.73 170.22 14.49 0.212 0.01 0.28 26.1
6 -90˚ 3.93 58.99
  • 55.06
0.208 0.01 0.27 25.1
83.62 96.0 12.38 0.227 0.01 0.27 29.1
99.86 105.72 5.86 0.225 0.01 0.26 28.9
120.09 130.48 10.39 0.203 0.01 0.36 25.4
134.78 142.70 7.92 0.208 0.01 0.32 24.8

Disclaimers:

    1. The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
    2. Length metres with the “•” symbol is from the overburden contact to the base of serpentinite intersection underlain (undercut).

The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

2008 Drilling Program

The Company plans to commence its 2008 drilling program in May with drilling being conducted on the Company’s Midnight, Golden Drip, Record Ridge South, West Sophia and

Hidden Valley properties. The Company plans to drill approximately 40 drill holes in the 2008 program.

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, magnesium and cobalt properties.

For further information please contact:
Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

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

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

 

Categories
2008 News Release

West High Yield releases latest 2007 drill results and continues to average high magnesium content

CALGARY, ALBERTA. March 5, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company has now received the analysis from its 2007 Diamond Drill Program for drill holes IV07 12 and 13 on the Company’s Ivanhoe Ridge property and drill holes HV07 1 through 6 on its Hidden Valley property, which is contiguous to the Ivanhoe Ridge property. The Company has now received analysis for 20 out of 31 total drill holes in the 2007 program. The assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 11 drill holes within the next 4 weeks. In the course of its exploration activities on the Ivanhoe Ridge and Hidden Valley properties, the Company continues to see results which are consistent with the first 12 drill holes that were drilled on the Ivanhoe Ridge property. This includes broad zones of Ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization. The chart below summarizes the results for the North portion of Ivanhoe Ridge.

Ivanhoe Ridge

DDH IV07 Hole Angle Depth metres Length metres Nickel

%

Cobalt

ppm

Chromium

%

Magnetite

%

Magnesium

%

From To
12 -50˚

(Drilled toward west)

4.6 13.7
  • 9.10
.2128 101 0.28 5.5 21.3
23.97 53.8 29.83 .1628 100 0.25 5.7 20.0
-50˚ 2.86 33.11
  • 30.25
.1881 100 0.27 5.8 23.0
64.66 82.19 17.53 .1750 101 0.35 5.0 20.5
13 (Drilled

toward

101.86 122.83 20.97 .1538 84 0.23 5.0 20.8
133.59 143.03 9.44 .1652 97 0.33 5.2 21.3
north)
193.45 211.22 17.77 .2005 106 0.34 5.3 21.9

Disclaimers:

  1. The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
  2. The North portion of the Ivanhoe Ridge property includes areas of moderate sub-volcanic and intrusive interruptions into the serpentinites.
  3. Length metres with the  symbol is from the overburden contact to the base of serpentinite intersection underlain (undercut).

As previously announced, in the 2007 Drill Program, the Company completed 30 NQ diamond drill holes totaling 6,012 metres on its Ivanhoe Ridge, Hidden Valley, Sophia Creek and Record Ridge properties and 1 NQ diamond drill hole (267 metres) on its Golden Drip property, prior to closing down field activities for winter in November, 2007. All of the properties are contiguous and are located near Rossland, British Columbia. The following chart summarizes the recently released results for the six drill holes completed on the Hidden Valley property. The Company advises that it continues to intersect broad zones of Ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization on this property.

Hidden Valley

DDH HV07 Hole Angle Depth metres Length metres Nickel

%

Cobalt ppm Chromium

%

Magnetite

%

Magnesium

%

From To
1 -90˚ 2.13 104.53
  • 102.40
.1929 99 0.4 5.8 22.7
2 -90˚ 1.22 95.37
  • 94.15
.2066 107 0.32 6.1 24.0
3 -90˚ 1.22 15.27
  • 14.05
.2038 100 0.29 6.0 23.6
26.31 32.14 5.83 .1909 88 0.24 5.2 21.1
33.31 66.6 33.29 .1872 92 0.25 5.6 23.0
69.17 85.11 15.94 .1384 76 0.17 4.6 14.9
4 -90˚ 1.22 16.87
  • 15.65
.1997 97 0.22 5.4 24.7
20.42 29.65 9.23 .2010 95 0.23 5.5 23.3
31.37 46.86 15.49 .1848 87 0.29 5.3 20.8
65.03 78.09 13.06 .1674 83 0.20 4.2 18.9
5 -90˚ 9.05 11.05
  • 2.00
.2276 105 0.24 4.6 17.3
18.63 34.25 15.62 .2005 96 0.28 4.8 21.6
48.83 58.06 9.23 .1852 94 0.25 4.5 18.0
6 -90˚ 1.52 27.41
  • 25.89
.2140 105 0.28 5.8 22.2
31.84 36.39 4.55 .1994 90 0.30 4.0 20.0
38.75 103.94 65.19 .2134 104 0.27 6.1 24.7
107.07 183.17 76.1 .2098 103 0.48 5.6 23.0
188.36 203.13 14.77 .2006 101 0.28 5.4 25.3

The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

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, magnesium, cobalt and magnetite properties.

For further information please contact:
Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

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

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or c[email protected]

READER ADVISORY

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

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

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

 

Categories
2008 News Release

West High Yield releases latest 2007 drill results and continues to average high magnesium content

CALGARY, ALBERTA. February 5, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company has received the analysis for drill holes 9, 10 and 11 from its 2007 Diamond Drill Program. The Company has now received analysis for 12 out of 31 total drill holes and previously announced the results of drill holes 1 through 5, 6, 7, 8 and

14. Drill holes 9, 10 and 11 were drilled on the Company’s Ivanhoe Ridge property and the assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 19 drill holes within the next 6 weeks. In the course of its exploration activities on the Ivanhoe Ridge property, the Company continues to see results which are consistent with the first 9 drill holes drilled on the Ivanhoe Ridge property. This includes broad zones of ultramafic rock containing magnesium, nickel, cobalt, chromuim and magnetite mineralization. The chart below summarizes the results for drill holes 9, 10 and 11 which have an average of .1721% nickel and 20.5% magnesium.

DDH IV07 Hole Angle Depth meters Length metres Nickel

%

Cobalt ppm Chromium

%

Magnetite

%

Magnesium

%

From To
9 -50˚ 3.4 25.6 22.2 .1402 88 0.20 4.2 16.9
34.7 91.42 56.72 .1737 105 0.28 5.8 22.0
10 -55˚ 1.22 11.22 10.0 .1573 97 0.18 4.3 20.0
87.82 101.55 13.73 .1469 92 0.24 4.5 16.9
115.87 306.34 190.47 .2083 113 0.33 4.9 25.4
11 90˚ 3.66 52.94 49.28 .1820 103 0.28 5.9 22.4
57.55 75.82 18.27 .1650 96 0.24 5.4 21.4
79.33 90.22 10.89 .1535 87 0.22 5.8 17.0
126.5 153.75 27.5 .2232 112 0.28 4.5 23.0

Disclaimers: The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel. The north portion of the Ivanhoe Ridge property includes areas of moderate sub-volcanic and intrusive interruptions into the serpentinites.

In the 2007 Drill Program, the Company completed 30 NQ diamond drill holes totaling 6,012 metres on its Ivanhoe Ridge property and 1 NQ diamond drill hole (267 metres) on its Golden Drip Claim prior to closing down field activities for winter in November, 2007. Ivanhoe Ridge and Golden Drip are located near Rossland, British Columbia. In previous press releases, the Company advised that it continues to intersect broad zones of ultramafic rock containing magnesium, nickel, cobalt, chromium and magnetite mineralization.

The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

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, magnesium, cobalt and magnetite properties.

For further information please contact:
Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

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

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

 

Categories
2007 News Release

West High Yield continues to average high magnesium content

CALGARY, ALBERTA, – December 18, 2007. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that it has completed its 2007 Diamond Drill Program. In the 2007 program, the Company completed 30 NQ diamond drill holes totalling 6,012 meters on its Ivanhoe Ridge property and 1 NQ diamond drill hole (267 meters) was drilled on its Golden Drip Claim prior to closing down field activities for winter on November 20, 2007. The Company previously announced the results of drill holes 1 through 5 of which drill holes 1 through 4 were drilled on the Company’s Ivanhoe Ridge located near Rossland, British Columbia. In a previous press release the Company advised that it had intersected broad zones of ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization with an average of 25.3% magnesium and .2164 % nickel in the first 4 drill holes.

The Company has now received the analysis for drill holes 6, 7, 8 and 14 out of the 31 drilled holes. Drill holes 6, 7, 8, and 14 were drilled on the Company’s Ivanhoe Ridge property and the assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company has also submitted cores for 22 additional drill holes completed in the 2007 drill program to Assayer Canada. The Company anticipates receiving the results of the remaining drill holes in the next couple of months. In the course of its exploration activities on the Ivanhoe Ridge property, the Company continues to see results which are consistent with the first 4 drill holes drilled on the Ivanhoe Ridge property which include broad zones of ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization. The chart below summarizes the results for drill holes 6, 7, 8 and 14.

DDH IV07- Hole Angle Depth

meters

Length metres Nickel

%

Cobalt

ppm

Chromium

%

Magnetite

%

Magnesium

%

From To
6 -90˚ 0 16.38 16.38 .1892 109 0.30 6.4 23.0
39.84 93.9 54.06 .1823 104 0.26 5.2 22.2
127.0 185.82 58.82 .1965 112 0.28 4.6 25.0
194.21 251.32 57.11 .2270 127 0.29 4.9 33.0
252.82 274.99 22.17 .2170 122 0.29 4.6 23.5
280.77 310.72 29.95 .2212 126 0.29 4.3 24.5
7 -90˚ 2.74 12.06 9.32 .1564 98 0.20 3.7 19.5
19.07 47.5 28.43 .2019 132 0.25 4.3 18.1
52.77 76.88 24.11 .1653 98 0.25 4.8 19.9
112.2 153.01 40.81 .2062 115 0.26 5.8 26.0
8 -60˚ 3.05 12.5 9.45 .1565 95 0.22 3.9 19.1
14 -90˚ 2.13 152.39 150.26 .2311 116 0.3 4.83 26.2

Disclaimer: The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.

The Company’s field activities are supervised and the technical data for this report was prepared by

H. Kim, P.Geo/P.Eng (Practicing) and the Company’s on-site Geologist.

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, magnesium, cobalt and magnetite properties.

For further information please contact:

Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

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

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

2

Categories
2007 News Release

West High Yield announces interim financial results

CALGARY, ALBERTA, – November 28, 2007. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce the release of its financial (unaudited) results for the third quarter ended September 30, 2007 and the Management’s Discussion and Analysis (“MD&A”) dated November 27, 2007. The unaudited financial statements and related MD&A for the period ended September 30, 2007 were filed yesterday with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

Highlights of the Third Quarter

  • Phase 3 of the Company’s 2007 core drilling program began on May 5, 2007. To date, in excess of 20,200 feet of core have been drilled on the Company’s property near Rossland, British Columbia.
  • The Company previously announced that it had received the analysis for drill holes 1 through 5 out of the 28 drill holes completed on its 2007 Diamond Drill Program drilled on the Company’s Ivanhoe Ridge claim. The assay results for drill holes 1 through 5 were provided by Assayer Canada of Vancouver, British Columbia. The Company has also submitted cores for the 23 additional drill holes completed in the 2007 drill program to Assayer Canada and anticipates receiving the results in the next few months. In the course of its exploration activities on the Ivanhoe Ridge claim, the Company intersected broad zones of Ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization.
  • The Company acquired mineral claims adjacent to its existing property near Rossland, British Columbia through the payment of $23,300 in cash and the issuance of 55,000 common shares of the Company.
  • 282,050 warrants that were granted under the Company’s initial public offering were exercised prior to their expiry on July 27, 2007 for gross proceeds of $169,230.
  • 309,100 Agent’s units that were granted under the Company’s initial public offering were exercised for gross proceeds of $123,640.
  • 4,459,072 warrants that were granted under the Company’s initial public offering expired unexercised on July 27, 2007.
  • The Company has expended the $1,100,000 of Canadian Exploration Expense as required by the December 21, 2006 flow-through share fundraising.
  • Subsequent to the quarter end, Wayne Wilson resigned as Chief Financial Officer of the Company. Options granted to Mr. Wilson to acquire 250,000 shares of the Company at a price of $0.40 expired unexercised.
  • Subsequent to the quarter end, Dwayne A. Vinck was appointed as Chief Financial Officer of the Company. The Company granted Mr. Vinck options to acquire 250,000 shares at $0.40 per share. The options have a term of five years and vest one-third on the date of grant and one-third on each of the next two anniversaries of the date of grant.

During the quarter ended September 30, 2007, the Company recorded a net loss of

$854,350 or $0.02 per share (year to date $1,920,598 or $0.05 per share) compared to a net loss in the corresponding period of 2006 of $653,342 or $0.02 per share (year to date $1,414,142 or $0.06 per share). At September 30, 2007, the Company had a working capital surplus of $3,269,405 compared to a working capital surplus of $1,129,896 at September 30, 2006 and a working capital surplus of $1,657,594 at December 31, 2006. The current working capital surplus position will allow the Company to fund this year’s exploration activities as well as the currently planned activities throughout the 2008 exploration season.

Total income for the three month period ended September 30, 2007 amounted to $30,416 ($75,751 year to date) compared to $9,894 in the quarter ended September 30, 2006 ($12,773 year to date) while total expenses for the equivalent periods amounted to $884,776 ($1,996,349 year to date) in 2007 and $663,236 ($1,426,915 year to date) in 2006, respectively. Total non-cash expenditures in the quarter ended September 30, 2007 were $65,952 ($269,375 year to date) compared to $122,643 ($565,433 year to date) for the period ended September 30, 2006.

About West High Yield

West High Yield is a 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 and nickel properties.

For further information please contact:

Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

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

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

Categories
2007 News Release

West High Yield averages 25.3% magnesium on recent drilling results

CALGARY, ALBERTA. November 14, 2007. West High Yield (W.H.Y.) Resources Ltd. (the “Company”) announces that it has received the analysis for drill hole #5 out of the 28 drill holes completed on its 2007 Diamond Drill Program. Drill hole #5 and the previously announced drill holes 1 through 4, were drilled on the Company’s Ivanhoe Ridge claim located near Rossland, British Columbia. The assay results for drill holes 1 through 5 were provided by Assayer Canada of Vancouver, British Columbia. The Company has also submitted cores for the 23 additional drill holes completed in the 2007 drill program to Assayer Canada and anticipates receiving the results in the next few months. In the course of its exploration activities on the Ivanhoe Ridge claim, the Company intersected broad zones of Ultramafic rock containing magnesium, nickel, cobalt, and magnetite mineralization. Hole #5 on the claim had significant results over 80.92 meters true width averaging a grade of 24% magnesium and a nickel grade of 0.2145%. The five holes averaged 25.3% Magnesium and 0.2164% Nickel. The chart below summarizes the results for the first five drill holes.

Grid Location DDH IV0 7 Hole Angle Depth Metres Length metres Nickel

%

Cobalt ppm Chromium

%

Magnetite

%

Magnesium

%

From To
118 m N

100 m E

1 -90˚ 1.52 185.61 184.09 0.2354 98 0.3 5.49 24.7
2 -50˚ 1.24 120.12 118.88 0.2018 111 0.3 5.46 24.4
200 m N

115 m E

3 -90˚ 2.55 159.49 156.94 0.2235 86 0.4 6.78 27.7
304 m N

125 m E

4 -90˚ 0.6 173.13 172.53 0.2071 116 0.4 5.88 25.9
388 m N

125 m E

5 -90˚ 1.22 80.92 79.68 0.2145 114 0.4 5.86 24.0
Ivanhoe Ridge South Average 142.42 0.2164 105 0.36 5.9 25.3

Disclaimer: The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.

The Company also announces the resignation of Wayne Wilson, who has stepped down as the Company’s Chief Financial Officer. The Board of Directors wishes to thank Mr. Wilson for his hard work and dedication to the Company from its inception. The Board of Directors also announces the appointment of Dwayne A. Vinck as the Company’s new Chief Financial Officer effective October 26, 2007. Mr. Vinck is a financial consultant and Chartered Accountant with over twenty years of business experience. He is a member of both the Institute of Chartered Accountants of Alberta and the Institute of Internal Auditors. Pursuant to the Company’s stock option plan and subject to regulatory approval, Mr. Vinck was granted

250,000 commons shares of the Company at a price of $0.40 per share for a five year term with vesting over a three year period.

The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

About West High Yield

West High Yield is a 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 and nickel properties.

For further information please contact:
Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

Vice President, Corporate Development and Investor Relations

West High Yield (W.H.Y.) Resources Ltd. Suite 620, 800 West Pender Street Vancouver, B.C. V6C 2V6

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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

Categories
2007 News Release

West High Yield provides operations update

CALGARY, ALBERTA, – September 21, 2007. West High Yield (W.H.Y.) Resources Ltd. (the “Company”) advises that it is re-releasing its news release which was issued yesterday as a result of a technical error which occurred in the reported version of a table (Summary of Serpentinite Intersections in Ivanhoe Ridge Drilling) on page two of the news release. The following news release is identical to the previous news release issued yesterday with the exception of this paragraph and the table on page two.

The Company is pleased to provide a progress report on its mining operations in Rossland, British Columbia. Since its last report which was issued on May 7, 2007, the Company has undertaken the following activities:

  1. Commencement of 2007 Diamond Drill Program. The Company began its 2007 drilling program in May and has now completed 14 NQ diamond drill holes (3,525 meters) testing the northeastern portion of the Ivanhoe Ridge ultramafic. The holes, at approximately 100 meter spacing, were drilled south to north on a surveyed line. The first four holes (DDHIV07 – 1 to 4) gave positive nickel values averaging 0.21% over widths, from surface, ranging from 80 to 184 meters and averaging just over 140 meters. The results indicate, as expected, a decrease in contained nickel values in the serpentinites as the drilling progressed northward toward the contact with the volcanics.
  2. Ground Acquisition. In late May, 2007, the Company acquired three important mineral claims (Hidden Valley, Hidden Valley 2 and Hidden Valley 3) adjoining to the south of the Company’s main block of claims. Consequently, the Company now owns sufficient mineral claims to cover the entire Ivanhoe Ridge ultramafic body, which is rhombic in shape with an area of about 7.5 square kilometers. This area will be the principal focus of the balance of the 2007 Drill Program. During July, the Company also acquired two mineral claims, White Buffalo and Golden Drip, filling in its gold camp claim holdings.
  3. Drill Core Analysis. The drill core from the 14 diamond drill holes was divided and a total of 2,077 core samples were sent to Assayer Canada, Vancouver. These samples were assayed for total nickel and cobalt using conventional ICP emission spectroscopy following a four acid digestion. In addition, all drill core samples from the serpentinites are being analyzed for nickel sulphide, magnesium, cobalt, chrome, magnetite and other elements by leaching and flame atomic absorption spectrophotometer at SGS Lakefield.
  4. Preliminary Results. The complete analytical data is now available for holes 1 through 4 for nickel, cobalt, chromium, magnetite and magnesium. Holes 5 through 14 are also being analyzed for the same minerals, including magnesium. The results of drilling on the southern half of the NE Ivanhoe Ridge line grid (0 to 400 m north) returned wide intersections of the magnesium rich nickel-cobalt- magnetite bearing serpentinites from the surface continuous to the depth of 80 meters to 184 meters. As presented in Summary of Serpentinite Intersections as set out below, the magnesium values range from a low of 24.4% in hole 2 to a high of 27.7% in hole 3. The northern half sector of the drill investigation is dominated by the intervened volcanic and sub-volcanic dykes within the serpentinites and fault-sheared disturbances. The serpentinites in the NE sector contain relatively decreased nickel values but with slightly increasing cobalt values, which are running slightly more than 0.01%. Based on core logging and analytical data, highlights of the intersected nickel, cobalt, chromium, magnetite and magnesium bearing serpentinites are summarized in the following chart. Assay results should be available shortly for the balance of Ivanhoe Ridge holes and will be reported when they have been received by the Company.

Summary of Serpentinite Intersections in Ivanhoe Ridge Drilling

DDH IV07- Depth

metres

Length metres Nickel

%

Cobalt

%

Chromium

%

Magnetite

%

Magnesium

%

From To
1 1.52 185.61 184.09 0.235 0.001 0.3 5.49 24.7
2 1.24 120.12 118.88 0.202 0.011 0.3 5.46 24.4
3 2.55 159.49 156.94 0.224 0.009 0.4 6.78 27.7
4 0.6 173.13 172.53 0.207 0.012 0.4 5.88 25.9

Disclaimer: The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.

  1. Nickel Analysis.
    • The total nickel assay results indicate that the samples contain on average of approximately 0.24% nickel. The assaying was conducted at two independent laboratories and the results are consistent with Assayer Canada of Vancouver indicating 0.257% nickel and SGS Lakefield indicating 0.239% nickel.
    • Sulphide nickel assaying can provide a rough indication of the amount of total nickel which is present in the sulphide form. The determination of nickel sulphide yielded a range of results from Assayer Canada’s 0.11% nickel to SGS Lakefield’s 0.088% nickel.
  2. Other Metals of Interest. In addition to the nickel, the drill core assay results indicated significant amounts of magnesium and cobalt. The metallurgical test work will examine the potential recovery of these metals.
  3. Mineralogy Testwork – SGS Lakefield. The mineralogy completed at SGS has some encouraging findings. Much of the sulphide present in the ore samples tested is nickel-based and ranges from pentlandite (approximately 30% Ni) to

haezelwoodite (approximately 70% Ni). These are generally minerals that are very receptive to sulphide flotation. They have relatively high nickel content, which should allow for higher grade concentrates to be produced. Grain sizes are of fair size with liberation not being too poor. SGS expects no major problems recovering these minerals through flotation (80-90% nickel sulphide recovery at grind size of 75 microns).

  1. Metallurgical Test Program – SGS Lakefield. To clarify the question of what metals can be economically liberated, the Company engaged SGS to undertake a metallurgical program proposed by SGS which would allow the Company to establish basic grindability characteristics, metallurgy, identify challenges, work through some elementary economics and hopefully provide a basis on which to move into successive phases of project development. Bulk samples from holes 1 and 3 are currently being delivered to SGS for this program.
  2. Continuation of the 2007 Drill Program Hidden Valley. After completing the last drill hole (vertical Hole 14) testing the northeastern part of the Ivanhoe Ridge ultramafic, the drill was moved to the southwestern sector of the newly acquired Hidden Valley claims. Drilling was commenced on September 5, 2007 and a total of 2 holes have been completed from a program of 10 vertical NQ drill holes which have been laid out for drilling in Hidden Valley. Based on Open File 1990- 27, nickel values contained in the ultramafics of the Hidden Valley 3 claim appear to be higher than those in the northeastern sector of Ivanhoe Ridge. In Hidden Valley, a representative suite of 10 serpentinite samples averaged 0.24% nickel. Also some selected rock samples have been assayed up to 0.45% nickel versus

0.33 % nickel (the best nickel values of 1.5 m drill core sample) from DDHIV07-

1. In Hidden valley, a selective sampling returned an assay of 1.02 grams per tonne of platinum (Open File 1990-27, page 39).

  1. Gold Exploration Drilling. The Company has hired a second rig which is conducting gold exploration on the IXL and Golden Drip crown granted claims. There are still significant tonnes of the mine dump materials with visible rich sulfides in the surface of these crown granted claims. The ores produced from the IXL and Golden Drip claims were stockpiled and milled between 1977 and 1984.

The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

About West High Yield

West High Yield is a 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 and nickel properties.

For further information please contact:

Frank Marasco

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

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

Vice President, Corporate Development and Investor Relations

West High Yield (W.H.Y.) Resources Ltd. Suite 620, 800 West Pender Street Vancouver, B.C. V6C 2V6

Telephone: (778) 886-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

Categories
2007 News Release

West High Yield (W.H.Y.) announces interim financial results

CALGARY, ALBERTA, – August 28, 2007. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce release of its financial (unaudited) results for the second quarter ended June 30, 2007 and the Management’s Discussion and Analysis (“MD&A”) dated August 27, 2007.

Highlights

  • Phase 3 of the Company’s 2007 core drilling program began on May 5, 2007. To date, in excess of 9,550 feet of core has been drilled on the Company’s property near Rossland B.C.
  • Completion of a private placement financing of 4,500,000 Units of the Corporation for gross proceeds of $2,925,000. Each Unit consisted of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one share of the Company at a price of $1.00 for a period of who years.
  • At June 30, 2007, there were 734,000 warrants exercised that were issued under the Company’s I.P.O. for gross proceeds of $440,400. Subsequent to quarter end and prior to the warrant expiry, there were an additional 282,050 warrants exercised for additional gross proceeds of $169,230.
  • At June 30, 2007, there were 275,500 Agent’s Units exercised that were issued under the Company’s

I.P.O. for gross proceeds of $110,200. Subsequent to quarter end there were an additional 309,100 Agent’s Units exercised for gross proceeds of $123,640.

  • On May 29, 2007, Ian F.T. Kennedy was appointed a Director of the Corporation. Concurrent with the appointment, options to acquire 200,000 shares of the Company at a price of $0.60 were granted to Mr. Kennedy. The options have a term of five years and vest one-third on the date of grant and one-third each on each of the next two anniversaries of the date of grant.

During the quarter ended June 30, 2007, the Company recorded a net loss of $759,583 or $0.02 per share (year to date $1,066,248 or $0.03 per share) compared to a net loss in the corresponding period of 2006 of $373,124 or $0.02 per share (year to date $760,800 or $0.03 per share).

At June 30, 2007, the Company had a working capital surplus of $3,846,016 compared to a working capital deficiency of $1,964,459 at June 30, 2006 and a working capital surplus of $1,657,594 at December 31, 2006. The current working capital surplus position, will allow the Company to conduct planned field operations through the remainder of the 2007 field season as well as the 2008 exploration season.

Total income for the three month period ended June 30, 2007 amounted to $29,314 ($45,335 year to date) compared to $1,003 in the quarter ended June 30, 2006 ($2,878 year to date) while total expenses for the equivalent periods amounted to $788,897 ($1,111,583 year to date) in 2007 and $374,127 ($763,678 year to date) in 2006 respectively. Total non-cash expenditures in the quarter ended June 30, 2007 were $71,786 ($203,424 year to date) compared to $121,317 ($442,791 year to date) for the period ended June 30, 2006.

West High Yield (W.H.Y.) Resources is a 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. 28 Arbour Lake Drive N.W.,

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

Facsimile: (403) 206-7159

Email: [email protected]

Craig G. Robson

Vice President, Corporate Development and Investor Relations

West High Yield (W.H.Y.) Resources Ltd. Suite 620, 800 West Pender Street Vancouver, B.C. V6C 2V6

Telephone: (604) 868-7961

Facsimile: (604) 274-1431

Email: [email protected] or [email protected]

READER ADVISORY

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

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

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

Categories
2007 News Release

West High Yield (W.H.Y.) Resources to acquire mineral claim

CALGARY, ALBERTA, – July 24, 2007. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield”) is pleased to announce that it has entered into an asset purchase agreement to acquire a mineral claim in British Columbia from Lyle Kenneth McLellan. Closing of the acquisition is expected to occur on July 25, 2007.

The mineral claim being purchased is as follows: Golden Drip – District Lot 539 Kootenay District, Nelson Trail Assessment Authority, Province of British Columbia.

The purchase price for the mineral claim is to be satisfied by the payment of $20,000 cash and 50,000 common shares of West High Yield. The transaction is subject to normal commercial closing conditions including the approval of the TSX Venture Exchange.

West High Yield is a junior exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold properties.

For further information please contact:

Frank Marasco Craig G. Robson

President and Chief Executive Officer Vice President, Corporate Development West High Yield (W.H.Y.) Resources and Investor Relations

28 Arbour Lake Drive, NW West High Yield (W.H.Y.) Resources

Calgary, Alberta T3G 3N8 Suite 620, 800 West Pender Street

Telephone: (403) 283-5555 Vancouver, BC V6C 2V6

Facsimile: (403) 206-7159 Telephone: (604) 868-7961

Facsimile: (604) 274-1431

Email: [email protected] Email: [email protected] [email protected]

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