Categories
2009 News Release

West High Yield Announces Additional 2009 Gold Drilling Program Results and Closing of Second Tranche of Private Placement

CALGARY, ALBERTA–(Marketwire – Oct. 19, 2009) –

 

/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS/

 

West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSX VENTURE:WHY) announces additional results from its on-going 2009 gold exploration drill program in its Midnight Crown granted claim on the western outskirts of Rossland, British Columbia. The Company previously reported the assay results from eight holes (MN09-1 through 8) through press releases dated August 5, 2009 and September 16, 2009. The Company has since completed the drilling of 10 additional vertical holes (MN09-9 through 18), of which seven have been assayed and summarized in the table below (MN09-9 through 15). Assays are conducted by Assayers Canada Laboratory and the results of the remaining three vertical wells will be released when the assays have been completed. A QA/QC grade control program for high grade samples (over 28 g/tonne Au) is being continued for confirmation by ALS Chemex and Acme Laboratories, both of Vancouver, B.C. MN09-15 intersected multiple zones of high grade gold bearing serpentinite and quartz veins returning weighted average of 40.1 g/tonne (1.41 ounces) over a true width of 2.3 m (7.5 feet) including 198 g/tonne (6.98 ounces) Au for a true width of 0.6 m (2 feet) near surface (13.9 m in drill depth). All other holes intersected multiple zones of high grade gold bearing serpentinite, including 47.8 g/tonne (1.7 ounces) Au over a true width of 1.9 m (6.2 feet) at hole MN09-11. Based on the 2009 drill core results achieved to date, the Company continues to successfully define the gold mineralization on a 10 m spaced drill hole grid on it’s Midnight property in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.

To see the West High Yield Resources Midnight/I.X.L./O.K. & Golden Drip 2009 Diamond Drilling Plan please visit http://files.newswire.ca/830/WHY_drilling_plan.doc Private Placement

West High Yield also announces that it has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”) of up to

$1,000,000 of Units. Each Unit was sold for $1.45 and is comprised of two Flow-Through Common Shares (the “Flow-Through Shares”) priced at $0.50 per share and one Common Share of the Company (the “Common Shares”) priced at $0.45 per share. In the second tranche, the Company raised gross proceeds of $162,400 and issued 224,000 Flow-Through Shares and 112,000 Common Shares. In the two tranches completed to date, the Company raised gross proceeds of $295,800. The Units were sold to enable the Company to continue to explore for gold on its Midnight property. Finder’s Fees of 10% cash and 10% warrants were paid in the Private Placement to non-related parties. The shares issued in the private placement are subject to a four month hold period and are subject to final TSXV approval.

 

About West High Yield

 

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel, and magnesium properties. The Company’s operations are being conducted on the Rossland Gold Camp property which is situated approximately 2.5 kilometers west of the town of Rossland, B.C. The Company controls approximately 6,316 contiguous hectares of mineral and crown granted claims and is exploring on its primary properties which are the Midnight, OK, IXL and Golden Drip crown grants. Historically, under previous ownerships, these properties experienced gold production from narrow quartz veins with high grade gold content.

 

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 assisted by Cory Peck, B.Sc, Geol.I.T. Mr. Kim is a qualified person as defined by National Instrument 43-101 (“NI 43-101”).

 

READER ADVISORY

 

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.

42,692,794 Common Shares Issued

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.

For more information, please contact

 

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

President and Chief Executive Officer

(403) 660-3488

FAX: (403) 206-7159

[email protected]

 

 

OR

 

 

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

Chief Financial Officer

(403) 257-2637

FAX: (403) 206-7159

[email protected]

 

 

OR

 

 

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

28 Arbour Lake Drive N.W. Calgary, Alberta, T3G 3N8

 

Categories
2009 News Release

West High Yield announces additional 2009 gold drilling program results and closing of first tranche of private placement

September 16, 2009

CALGARY, ALBERTA – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces additional results from the Company’s ongoing 2009 gold exploration drill program on its Midnight Crown granted claim on the western outskirts of Rossland, British Columbia.  The Company previously reported the assay results from the initial four holes of its 2009 program (MN09-1 through 4) in a Company press release dated August 5, 2009.  The Company subsequently completed the drilling of 10 additional vertical holes, of which four have been assayed and summarized in the table below. As previously noted, the assays are being conducted by Assayers Canada and for the purposes of QA/QC grade control, ALS Chemex Laboratory is continuing to review  high grade samples (over 28 g/tonne Au) for the Company. In the table below, it is noted that hole MN09-6 intersected a series of quartz veins with significant gold values, returning a weighted average of 21.03 g/tonne over a true width of 1.4 m (4.6 feet) including 53.3 g/tonne Au for a true width of 0.32 m (1 foot) near surface (14.9 m in drill depth). MN09-6 also intersected multiple zones of high grade gold bearing serpentinite, including 41.35 g/tonne Au over a true width of 0.8 m (2.6 feet). Based on the 2009 drill core results achieved to date, the Company continues to define the gold mineralization on a 10 m spaced drill hole grid on its Midnight property in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.  For the readers’ reference, this press release is accompanied by a map of the 2009 Diamond Drilling Plan on the Midnight property.

2009 Drill Gold Intersection Summary –Midnight Crown Granted Claim

Drill Hole

Interval (m)

Length

(m)

True Width

(m)

Gold

g/tonne

Silver

g/tonne

From

To

MN09-5

27.1

27.6

0.5

0.3

8.73

12.0

29.3

30.3

1.0

0.7

1.07

2.0

42.9

43.9

1.0

0.7

3.47

0.1

45.9

46.9

1.0

0.7

1.11

0.1

MN09-6

13.6

14.9

1.3

1.0

3.21

1.1

14.9

15.5

0.6

0.3

38.21

27.8

15.5

17.0

1.5

0.8

3.41

1.4

17.0

17.5

0.5

0.3

53.30

3.1

17.5

18.5

1.0

0.6

8.61

11.3

25.4

26.8

1.4

0.8

13.05

10.9

47.4

48.4

1.0

0.8

41.35

10.6

64.7

68.7

4.0

1.5

10.40

8.1

MN09-7

22.3

26.5

4.2

3.6

6.33

1.73

38.5

40.5

2.0

1.8

6.02

1.35

65.3

67.3

2.0

1.8

1.86

0.3

MN09-8

37.1

40.7

3.6

3.3

3.02

0.68

40.7

41.2

0.5

0.4

27.71

2.70

41.2

51.8

10.6

10.0

1.6

0.81

51.8

52.8

1.0

0.9

11.07

10.4

52.8

54.3

1.5

1.35

3.39

3.9

Private Placement

The Company also announces that it is proceeding with a private placement (the “Private Placement”) of a minimum of $500,000 and up to a maximum of $1,000,000 of Units. Each Unit is priced at $1.45 and is comprised of two Flow-Through Common Shares (the “Flow-Through Shares”) priced at $0.50 per share and one Common Share of the Company (the “Common Shares”) priced at $0.45 per share. The Units are being sold to enable the Company to continue to explore for gold on its Midnight property. The Company advises that it has completed the first tranche of the Private Placement for gross proceeds of $133,400 and issued 184,000 Flow-Through Shares and 92,000 Common Shares. Finder’s Fees of 10% cash and 10% warrants will be paid in the Private Placement to non-related parties. The shares issued in the private placement are subject to a four month hold and subject to final TSXV approval.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel, and magnesium properties. The Company’s operations are being conducted on the Rossland Gold Camp property which is situated approximately 2.5 kilometers west of the town of Rossland, B.C. The Company controls approximately 6,316 contiguous hectares of mineral and crown granted claims and is exploring on its primary properties which are the Midnight, OK, IXL and Golden Drip crown grants. Historically, under previous ownerships, these properties experienced gold production from narrow quartz veins with high grade gold content.

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 assisted by Cory Peck, B.Sc, Geol.I.T. Mr. Kim is a qualified person as defined by National Instrument 43-101 (“NI 43-101”).

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]
Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd.
28 Arbour Lake Drive N.W.,
Calgary, Alberta T3G 3N8
Telephone: (403) 257-2637
Facsimile: (403) 206-7159
Email:  [email protected] 

 

READER ADVISORY

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.

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
2009 News Release

West High Yield Announces 2009 Gold Drilling Program, Update on Magnesium and Private Placement

CALGARY, ALBERTA–(Marketwire – Aug. 6, 2009) –

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.

West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSX VENTURE:WHY) announces that it has completed the first seven drill holes of its projected 20 exploration diamond drill program on its Midnight Crown granted claim on the western outskirts of Rossland, British Columbia. Of the initial drill holes completed, four drill cores have now been assayed by Assayers Canada, of Vancouver, B.C. and the Company is reporting the assay results from these holes, which are summarized in the table below. As a QA/QC grade control, all high grade samples (over 28 g/tonne Au) will be checked for confirmation by ALS Chemex Laboratory, of Vancouver, B.C. In the previous drill program and the current program on the Company’s properties, the Company encountered various quantities of gold, including a weighted average of 30.45 g/tonne Au over 5.7 m (18.5 feet) to 75 g/tonne Au over 1.06 m (3.5 feet) at hole SR06-8 (which was drilled in the earlier drill program and reported in a Company press release dated October 10, 2006) and in the recently completed drill hole MN09-4, a gold intersection with a weighted average of 34.37 g/tonne Au over 2.7 m (8.9 feet). Based on the 2009 drill core results achieved to date, the Company is encouraged with the results obtained from the program which continues to identify multiple zones of gold and silver mineralization on the Company’s properties. In the 2009 program, the Company plans to complete a drill hole grid on its Midnight property in order to allow the Company to proceed with a resource study pursuant to National Instrument 43-101.

Report on Magnesium

As previously reported, the Company completed and filed a National Instrument 43-101 Technical Report that established a substantial resource of Magnesium on the Company’s Record Ridge South property. In earlier reports, the Company also advised that it wished to proceed with a conceptual mining plan for a large, open pit quarry area to mine the Magnesium in its Record Ridge South property. Subject to the Company securing additional financing, SRK Consulting (US) Inc. (“SRK”) of Denver, Colorado recommended in its report that the Company proceed with a three phase drilling program targeting resource expansion and geotechnical data collection, conduct further metallurgical test work and complete a scoping level economic evaluation. The first phase of the drilling program will focus on the unconfined portions of the higher-grade resource located in the north-western portion of the Company’s property and will also test the undrilled material located between the two zones of known mineralization. When completed, this study should provide more geotechnical data for an open pit mine design.

2009 Drill Gold Intersection Summary - Midnight Crown Claim

The second phase of drilling will include several triple wall core holes located in the conceptual pit walls to obtain enough data to support a preliminary pit slope design.

The third phase of drilling will focus on the unconfined mineralization in the Company’s Ivanhoe South property. The drilling programs may run sequentially or concurrently depending on financing and time lines. Based on the results of the variography and geologic modeling, the drill hole spacing can be expanded to 100 m separation and still support an indicated resource. Metallurgical test work will focus on optimization of the processes delineated in the preliminary studies, including bond work index determinations, closed cycle test work and reagent consumption predictions, all resulting in a conceptual mill flow sheet. The scoping level economic evaluation will be initiated at the conclusion of the drilling and metallurgical test work. The scoping study will include an updated resource estimate incorporating the results of the new drilling, conceptual mining plan, site layout, metallurgical studies and mill plan. This data will form the basis of a preliminary economic model of the project.

 

The Company plans on commencing the first phase of the Magnesium drilling program in the spring of 2010 with 20 drill holes planned with an estimated cost of

$1,500,000 which includes project management and general overhead costs. The second phase geotechnical drilling program (six pit well drill holes) will be commenced immediately upon the completion of the first phase with an estimated cost of $500,000. The third phase drilling program is more extensive and will involve step out drilling of 15 holes with an estimated cost of $1,165,000 to be followed by a metallurgical study with an estimated cost of $150,000. All three phases will be completed within 18 months of the commencement date.

Private Placement

The Company also announces that, subject to regulatory and TSX Venture Exchange approval, it is proceeding with a private placement on a best-efforts basis (the “Private Placement”) of a minimum of $500,000 up to a maximum of $1,000,000 of Units at a price of $1.45 per Unit. Each Unit will be comprised of two (2) Flow- Through Common Shares (the “Flow-Through Shares”) priced at $0.50 per share and one (1) Common Share (the “Common Shares”) priced at $0.45 per share. The Units are being sold to enable the Company to continue to explore for gold on its Midnight property. The closing of the Private Placement is expected to take place on or before September 11, 2009. All securities issued pursuant to the Private Placement will be subject to a four month hold pursuant to applicable securities legislation.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel, and magnesium properties. The Company’s operations are being conducted on the Rossland Gold Camp property which is situated approximately 2.5 kilometers west of the town of Rossland, B.C. The Company controls approximately 6,316 contiguous hectares of mineral and crown granted claims and is exploring on its primary properties which are the Midnight, OK and IXL crown grants. Historically, under previous ownerships, these properties experienced gold production from narrow quartz veins with high grade gold content.

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 assisted by Cory Peck, B.Sc, Geol.I.T. Mr. Kim is a qualified person as defined by National Instrument 43-101 (“NI 43-101”).

READER ADVISORY

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.

42,080,794 Common Shares Issued

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.

For more information, please contact

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

President and Chief Executive Officer

(403) 660-3488

(403) 206-7159 (FAX)

Email: [email protected] or

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

Chief Financial Officer

(403) 257-2637

(403) 206-7159 (FAX)

Email: [email protected] or

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

Calgary, Alberta T3G 3N8

 

Categories
2009 News Release

West High Yield announces closing of private placement

June 8, 2009

West High Yield (W.H.Y.) Resources Ltd. (the “Company”) (TSX VENTURE:WHY) announces that it has closed its previously announced private placement financing (the “Offering”) to the MineralFields Group consisting of 1,250,000 Units (“Units”) at a price of $0.40 per Unit, for aggregate gross proceeds of $500,000. Each Unit consists of one common share in the capital stock of the Company, issued as a “flow-through common share” and one common share purchase warrant of the Company (“Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.60 per common share, at any time on or before June 5, 2010, and thereafter, at an exercise price of $0.80 per common share at any time up to June 5, 2011. The securities issued in connection with this Offering are subject to a four (4) month hold period.

About MineralFields, Pathway and First Canadian Securities®

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities® is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities®.

Operations Report

The Company also advises that it will commence its 2009 Gold Exploration Drilling Program on its Rossland, British Columbia property on June 8, 2009.

About West High Yield

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

42,080,794 Common Shares Issued

READER ADVISORY

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.

Categories
2009 News Release

West High Yield announces first quarter 2009 interim financial results

May 26, 2009

West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSX VENTURE:WHY) announces the release of its financial results and the Management Discussion and Analysis (“MD&A”) for the three month period ended March 31, 2009. The unaudited interim financial statements and related MD&A for the three months ended March 31, 2009 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

About West High Yield

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

READER ADVISORY

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.

40,830,794 Common Shares Issued

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.

Categories
2009 News Release

West High Yield (W.H.Y.) Resources announces financing with the MineralFields Group

May 21, 2009

West High Yield (W.H.Y.) Resources Ltd. (the “Company”) (TSX VENTURE:WHY) is pleased to announce its intention to enter into a private placement (the “Offering”) of $500,000 through the sale of 1,250,000 units (“Units”), at $0.40 per Unit, to the MineralFields Group. Each Unit will consist of one common share in the capital stock of the Company, to be issued as a “flow-through common share” and one non-flow-through common share purchase warrant of the Company (“Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.60 per common share, at any time on or before 5:00 p.m. (Calgary time) on the date that is 12 months from the date of issuance of the Unit, and thereafter, at an exercise price of $0.80 per common share at any time up to 24 months from the date of issuance of the Unit. The securities issued in connection with this Offering will be subject to a four (4) month hold period. Closing of the Offering is expected to take place on or about May 29, 2009. The net proceeds from the Offering will be used to fund drilling activities. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

“We are pleased to be entering into this relationship with MineralFields Group”, said Frank Marasco, President and Chief Executive Officer. We look forward to working with MineralFields Group as we develop our holdings in the Rossland, British Columbia region.”

About MineralFields, Pathway and First Canadian Securities®

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities® is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities®.

About West High Yield

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

READER ADVISORY

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.

40,830,794 Common Shares Issued

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.

Categories
2009 News Release

West High Yield announces 2008 financial results

April 30, 2009

West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSX VENTURE:WHY) announces the release of its financial results for the year ended December 31, 2008 and the Management Discussion and Analysis (“MD&A”). The audited financial statements and related MD&A for the year ended December 31, 2008 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

About West High Yield

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

READER ADVISORY

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.

40,830,794 Common Shares Issued

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.

Categories
2009 News Release

West High Yield (W.H.Y.) Resources announces services agreement

April 6, 2009

West High Yield (W.H.Y.) Resources Ltd. (TSX VENTURE:WHY) (“West High Yield” or the “Company”) announces that it has entered into a Services Agreement with the Company, West High Yield (W.H.Y.) Holdings Ltd. (“Holdings”) and Noble Investment Corp. (“Noble”) (the “Agreement”), whereby Noble provides investor relations and market-making services to the Company until June 30, 2009. As part of the Agreement, Holdings will lend 200,000 Common Shares of the Company to Noble to be utilized for trading in securities of the Company. Noble has agreed to return any unutilized shares to the Company on June 30, 2009. Noble’s compensation for providing the services is $5,000 per month for six months, commencing on January 1, 2009 and the issuance of 120,000 options to purchase Common Shares of the Company at a price of $0.50 per share. 60,000 options will vest on each of March 31 and June 30, 2009 and all options expire on July 30, 2009. Noble’s market-making services include correcting temporary imbalances in the supply and demand of the Company’s securities, it being understood and acknowledged that the market will be allowed to rise and fall naturally, with the market-making activity operating primarily to smooth out these imbalances and to facilitate an orderly market in accordance with applicable securities laws and the rules of the TSX Venture Exchange. Noble will also assist the Company with various investor relations activities including attending trade shows and coordinating presentations on behalf of the Company.

About West High Yield

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

READER ADVISORY

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.

40,830,794 Common Shares Issued

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.

Categories
2009 News Release

West High Yield announces Rossland Property hosts 9.16 million tonnes of magnesium

February 24, 2009

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.

West High Yield (W.H.Y) Resources Ltd. (“West High Yield” or the “Company”) (TSX VENTURE:WHY) announces that it has filed a National Instrument 43-101 Technical Report that establishes a substantial resource of Magnesium at the Company’s Record Ridge South property located in Rossland, British Columbia (the “Project”). Copies of the Technical Report are available on the System for Electronic Document Analysis and Retrieval at www.sedar.com. The Technical Report was prepared by Dr. Bart Stryhas, PhD, CPG, a principal resource geologist with SRK Consulting (US), Inc. of Denver, Colorado (“SRK”). The property is an intermediate-advanced stage Magnesium exploration project, currently tested by 51 diamond drill holes. It is located approximately 7.5 km west-southwest of the town of Rossland. The Project mineralization is centered about 49 degrees 02′ 33″ N latitude and 117 degrees 53′ 22″ W longitude (UTM coordinates 5,432,500 N and 434,500 E).

Ownership

The West High Yield claim block consists of 19 contiguous mineral claims covering 6,134 hectares plus 8 crown granted and one private ownership claim (9 titles) totalling 212 hectares. The Magnesium mineralization of the Project is located within two mineral claims. The northern part is located within claim # 514607 (Frank SR 3) which covers 317.6 hectares. This claim was originally located by the Company on June 16, 2007 and is in good standing until February 28, 2019. The southern portion of the mineralization is located on claim #513794 (Hidden Valley 3) which covers 127 hectares. This claim was originally located by the Company on June 2, 2005 and is in good standing until February 28, 2019.

Geology and Mineralization

The Record Ridge South area is located within the Quesnel Terrain of the Intermontaine Tectonic Belt. It is comprised of a highly deformed Jurassic (180ma) age volcanic island arc back arc basin complex intruded by Tertiary volcanic and plutonic rocks. The exploration area is underlain primarily by the Record Ridge Ultramafic Body. This unit is bound on the north by the volcanics of the Tertiary Marron Formation, on the east and southeast by the volcanic rocks of the Jurassic Elise Formation and on the west and southwest by the Tertiary age Coryell intrusive suite. Regional metamorphism has reached greenschist facies in the Record Ridge South area.

The Record Ridge ultramafic body constitutes the mineralization hosting the Magnesium resource of the Technical Report. The body underlies an area of approximately 6.2km2, extending from the southern tip of Record Ridge, south to the foot of Mount Sophia and east to Ivanhoe Ridge. The rock type consists of variably serpentinized and locally carbonatized ultramafic cumulates. Lithic types include; dunite, pyroxene-bearing dunite, olivine-bearing wehrlite and wehrlite, each type varying simply as a function of the relative proportion of olivine to pyroxene. On fresh surfaces, the unit is very fine grained with a black color. It also contains abundant veinlets of light green to bluish serpentinite. The unit weathers to a brown color and stands out as open outcrops with a distinctive lack of vegetation in the nearby soils.

Exploration

During the 2007 and 2008 field seasons, the Company conducted surface mapping, surface sampling and diamond drilling on the Project. The surface mapping was conducted at a 1:2,500 Scale focused on the ultramafic rocks. Samples were collected from outcrop and analyzed by ICPAES for 24 elements. A total of 30 sample were collected and analyzed. The results of this work delineated a portion of the ultramafic body with high Magnesium.

The anomalous zone was then drill tested by 51 diamond core drill holes during 2007 and 2008. These were carefully logged and sampled and then tested with 24 element ICP-AES analysis. The exploration work conducted by the Company meets current industry standards. All drill core logging and sampling has been done by trained and professional personnel. The Company has made a concerted effort to ensure good sample quality and has maintained a careful chain of core custody from the drill rig to the assay laboratory.

Resource Estimation

The Project resource estimation is based on information from 51 drill holes totaling 6,340 metres. The drill hole database was compiled and verified by SRK and is determined to be of high quality. A geologic model was constructed based on three general rock groups. Three-dimensional solids were constructed to limit the outer boundary of mineralization and to delineate two internal waste rocks. These solids were used to assigned rock types to the block model. Each model block was then assigned a unique specific gravity based rock type. The model blocks are 15 metres x 15 metres x 5 metres in the x,y,z directions, respectively. All block grade estimates were made using 2.5 metres down hole composites. An Ordinary Kriging algorithm was employed using a minimum of 5 and a maximum of 15 composites within a search ellipsoid 150 metres x 150 metres x 25 metres in the x,y,z directions respectively.

The results of the resource estimation provided a CIM classified Measured and Indicated Mineral Resource as reported in the table below. SRK advised that the quality of the Project drilling and data is very good and the Mineral Resource was classified mainly according to the general drill hole spacing.

Record Ridge South Mineral Resource Statement

Conceptual Mining Plan

The Record Ridge South resource area will essentially be a large open pit quarry area that would supply material with significantly elevated Magnesium levels to an energy-intensive (electricity and natural gas) processing plant to comminute the mineralized rock, leach, dry, separate through electrolysis methods and package the Magnesium metal for shipment to domestic and foreign markets. Investigation to date shows that the Record Ridge South Resource could support an open pit mine and Magnesium processing facility, which are contingent on the long-term price of Magnesium metal, energy prices and reagent prices and capital costs.

Conclusions and Recommendations

Subject to the Company securing additional financing, SRK has recommended and the Company plans to conduct a three phase drilling program targeting resource expansion and geotechnical data collection, conduct further metallurgical test work and complete a scoping level economic evaluation. The first phase of the drilling program will focus on the unconfined portions of the higher-grade resource located in the northwestern portion of the current drilling and will also test the undrilled material located between the two zones of known mineralization. SRK has also recommended that the Company should provide more geotechnical data for an open pit mine design. The second phase of drilling will include several triple wall core holes located in the conceptual pit walls to obtain enough data to support a preliminary pit slope design. The third phase of drilling will focus on the unconfined mineralization in the Ivanhoe South area. The drilling programs may run sequentially or concurrently depending on financing and time line. Based on the results of the variography and geologic modeling, the drill hole spacing can be expanded to 100 metre separation and still support an indicated resource. Metallurgical test work will focus on optimization of the processes delineated in the preliminary studies, including bond work index determinations, closed cycle test work and reagent consumption predictions, all resulting in a conceptual mill flow sheet.

The scoping level economic evaluation will be initiated at the conclusion of the drilling and the metallurgical test work. The scoping study will include an updated resource estimate incorporating the results of the new drilling, conceptual mining plans, site layout, metallurgical studies and mill plans. This data will form the basis of a preliminary economic model.

The price of Magnesium has increased considerably since 2006. During 2007, free market prices in Canada and Europe increased sharply from $0.95 US per pound to $1.80 US per pound. The current price in early January, 2009 is approximately $2.30 US per pound. Corresponding prices in the USA are significantly higher due to varying tariff protection against certain Chinese and Russian producers. Management of the Company believes that demand for Magnesium will remain strong, particularly from the auto industry where high gasoline prices are leading to the design of lighter more fuel efficient vehicles.

About West High Yield

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

Dr. Bart Stryhas, PhD, CPG of SRK is the independent Qualified Person who prepared the 43-101 Technical Report on the Record Ridge South property and has reviewed and approved the contents of this press release. The Company’s field activities are supervised by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

READER ADVISORY

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.

40,830,794 Common Shares Issued

 

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.

For more information, please contact

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco
President and Chief Executive Officer
(403) 660-3488
(403) 206-7159 (FAX)
Email: [email protected]

or

West High Yield (W.H.Y.) Resources Ltd.
Dwayne Vinck
Chief Financial Officer
(403) 257-2637
(403) 206-7159 (FAX)
Email: [email protected]

or

West High Yield (W.H.Y.) Resources Ltd.
28 Arbour Lake Drive N.W.
Calgary, Alberta T3G 3N8

Categories
2009 News Release

West High Yield announces completion of 2008 exploration program and latest 2008 drill results

CALGARY, ALBERTA – February 5, 2009. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to provide a progress report on exploration activities conducted on its mineral properties located in Rossland, British Columbia in 2008. The Company is releasing its latest 2008 drill results, primarily for Magnesium on its Record Ridge South property and the drilling results of additional cores drilled on the Company’s gold exploration properties, which include the IXL, Midnight, OK and Golden Drip properties. Since its last report, which was issued on November 12, 2008, the Company has undertaken the following activities.

Completion of 2008 Gold Exploration Program

 In 2008, the Company continued to drill and explore for gold and related minerals on its IXL, Midnight, OK and Golden Drip properties near Rossland, British Columbia. The Company drilled and completed 9 NQ diamond drill holes totalling 680.1 metres (2,231 feet) on the IXL and Midnight claims and 1 NQ diamond drill hole near the Italian portal on the Midnight claim (MN08-2), which stopped at a depth of

181.2 metres, due to unsafe winter weather conditions. The Company plans to complete additional drill cores on these properties in 2009. The 2008 gold exploration program was targeted to test the downward extent of the narrow gold rich veins of both the upper and lower IXL and Midnight workings, from which approximately 10,000 tonnes of ore were produced recovering 1,030,092 grams of gold and 394,914 grams of silver between 1899 and 1984 (Minfile). Of the holes drilled and completed in 2008, 6 (IXL08-2, 3, 4, 5, 6 and 8) encountered old mine workings (empty tunnels without drill water circulation) and were stopped at shallow depths before reaching the desired drill depths. Gold mineralization was encountered in two of the three holes drilled in the IXL and Midnight claims in 2008 and are summarized in the following chart.

 

 

Claim

Hole # (Total Depth metres)  

Azimuth/Angle (degrees)

 

Occurrence

 

Gold g/tonne

 

Silver g/tonne

 

Copper

%

 

Interval (metres)

True width (metres)
From To  
 

 

IXL

 

IXL08-1 (194.9)

 

345 / -45

Quartz vein 5.42 151 1.26 19.0 19.2 0.18
Quartz vein 6.22 119 1.23 53.6 53.7 0.10
 

IXL08-7 (160.3)

 

345 / -45

No significant

Gold values returned

 

 

 

 

 

 

 

 

 

Midnight

 

MN08-1 (140.2)

 

 

36 /-50

Serpentinized

andesite

35.78 1.8 20.5 21.6 1.0
Mineralized

andesite

0.3 7.7 33.4 38.1 4.7
Quartz vein 13.41 64.1 77.0 77.1 0.1
Quartz vein 48.39 30.0 95.5 96.0 0.5
MN08-2 305 / -55 Drilling will be completed in the spring of 2009 (target depth 260 metres).

 

Drilling Results on the Record Ridge South Property

 The Company previously announced the results of 23 of 45 holes drilled in its 2008 definition drill program on the Record Ridge South property. The chart below summarizes the results for the remaining 22 holes which were recently completed.

Record Ridge South

 

DDH RRS08

Depth metres Length metres  

Magnesium

%

 

Nickel

%

From To
12 1.2 49.0 s 47.8 26.4 0.22
82.7 122.2 39.5 26.7 0.22
13 1.2 75.1 s 73.9 25.7 0.20
86.4 110.3 23.9 20.1 0.15
14 0.6 98.2 s 97.6 25.1 0.20
15 0.6 84.1 s 83.5 22.7 0.20
16 0.7 13.7 s 13.0 19.8 0.19
27.0 106.0 79.0 21.8 0.20
17 1.2 58.1 s 56.9 21.5 0.20
77.1 123.4 46.3 26.4 0.19
18 0.6 67.2 s 66.6 22.5 0.20
22 No serpentinite intersection (drilled 25m deep to determine the intrusive contact)
28 0.0 41.4 s 41.4 24.3 0.22
31 31.9 154.5 s 122.6 27.7 0.20
33 0.0 117.3 s 117.3 25.6 0.22
34 7.7 143.3 s 235.3 24.5 0.20
35 1.0 123.7 s 122.7 26.7 0.24
36 0.0 124.4 s 124.4 24.3 0.19
38 8.4 154.2 s 145.8 26.8 0.20
39 0.9 154.5 s 153.6 26.6 0.20
40 0.2 148.4 s 148.2 25.3 0.20
41 0.0 19.9 s 19.9 26.6 0.20
49.3 83.7 34.4 26.0 0.21
42 0.2 89.5 s 89.3 24.2 0.20
43 1.5 63.6 s 62.1 25.1 0.20
44 75.2 86.0 10.8 20.0 0.16
45 5.8 18.0 s 12.2 16.9 0.17

Disclaimers:

  • The property includes areas of moderate sub-volcanic and intrusive interruptions into the serpentinites. The assayed Magnesium and Nickel values of the intervened sub-volcanic and intrusive dykes (ranging in length from 0.4 metres to 3 metres averaging less than 2 metres) are fully diluted with the serpentinite zones in the above chart.
  • Length metres with the “s” symbol represents intersected serpentinite zones from the surface to the top of the first sub-volcanic or intrusive
  • Hole RRS08-44 in the above chart is capped by the volcanic in the southwest fringe, which is off the resource estimation
  • The Nickel values reported above include Nickel in both sulphide and non-sulphide minerals as total

Anticipated Completion of NI 43-101 Report on the Record Ridge South Property

In November 2008, the Company retained SRK Consulting Engineers and Scientists (“SRK”) of Denver, Colorado, an independent engineering firm, to undertake an independent NI 43-101 measured mineral resource estimation of the Company’s Record Ridge South property. Dr. Bart Stryhas, the principal Resource Geologist for SRK, visited the Company’s Rossland property in November, 2008 to conduct a preliminary investigation for the report. The Company anticipates that it will receive a draft report from SRK in February, 2009.

Annual Summary and Extension of Leases

 The Company has submitted the Annual Summary of Work and Statement of Work for its 2008 exploration activities to the British Columbia Ministry of Energy, Mines and Petroleum Resources, Mining and Minerals Division. Subsequent to filing the Statement of Work Report, the Company submitted an assessment report of its 2008 Diamond Drill Program for the Record Ridge South property to the British Columbia Ministry. The Company has now been advised by the Ministry that all of its mineral titles, which contain 6,220 contiguous hectares of unit cell claims and crown granted claims in Rossland, British Columbia, have now been extended for 10 more years.

About West High Yield 

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

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.

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]

Dwayne Vinck

Chief Financial Officer

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

Calgary, Alberta T3G 3N8 Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [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.