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2015 News Release

West High Yield announces two 10,000 tonne bulk sample permit approvals

CALGARY, ALBERTA –November 3, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce receipt of approved British Columbia Ministry of Energy and Mines (“BCMEM”) permits authorizing extraction of 10,000 tonne bulk samples from each of the Company’s two major project areas: 1) Record Ridge Magnesium Project and 2) the Midnight Gold Project site. The Company’s property, comprising both mineral tenures and Crown Grants is located immediately west of Rossland, British Columbia.

On June 4, 2013, the Company released the results of a Preliminary Economic Assessment (“PEA”) on its 100% owned Record Ridge Project, an intermediate advanced exploration-stage magnesium (“Mg”) project located in southern British Columbia (BC), Canada. The PEA was prepared by SRK and has been filed on the Company’s SEDAR profile at www.sedar.com and is also available on the Company’s website www.whyresources.com.

The PEA presumes a conventional open pit mine, a novel hydrometallurgical processing plant, a calcined magnesia intermediate product plant along with a fused magnesia production plant with pre-tax Net Present Value (“NPV”) using a 5% discount rate of US$1.339 billion and Internal Rate of Return (“IRR”) of 21%, and a post-tax NPV of US$830 million using a 5% discount and post-tax IRR of 17%.

The Company is actively seeking financing of the extraction and processing of the magnesium and gold bulk samples with operations anticipated in June 2016. Processing the magnesium bulk sample will provide valuable information for the planning and optimization of the mining, process metallurgy, mine planning and production cost projections.

Big Mountain Development Corp. Ltd., a significant shareholder of the Company increased its loan to the Company by $35,000 allowing the Company to satisfy its reclamation security requirement of BCMEM.

Richard Walker, P.Geo., acts as the Company’s Qualified Person for technical disclosure per National Instrument 43-101, and has reviewed and approved the technical content of this press release.

About West High Yield

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

For further information please contact:
Frank Marasco

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

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

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

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

Reader Advisory

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
2015 News Release

West High Yield announces convertible debt private placement

CALGARY, ALBERTA –September 14, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces a non-brokered Private Placement of up to $25,000 US Dollars of Convertible Debentures. Each Unit is a

$12,500.00 US Dollars Unsecured Convertible Debenture with a one year term from date of issue, earns interest at 12% per annum and convertible to Common Shares at a conversion price of $0.30 US at the holders discretion throughout the term. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for consulting fees associated with a proposed agreement with a US based investment banking advisory firm to support the Company’s effort to secure capital to develop its Record Ridge Magnesium project.

About West High Yield

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

For further information please contact:

Frank Marasco

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

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

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

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

Reader Advisory

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
2015 News Release

West High Yield grants stock options

CALGARY, ALBERTA – September 4, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company’s Board of Directors approved the granting of 1,825,000 stock options to officers, directors, employees and consultants of the Company, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.30 per share and have a five year term. On September 3, 2015, 1,825,000 options with an exercise price of $0.40 expired unexercised.

About West High Yield

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

For further information please contact:
Frank Marasco

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

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

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

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

Reader Advisory

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
2015 News Release

West High Yield releases financial results

CALGARY, ALBERTA – August 28, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the release of its financial results and Management Discussion and Analysis (“MD&A”) for the six months ended June 30, 2015. The unaudited interim condensed financial statements and related MD&A for the six months ended June 30, 2015 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.

For further information please contact:
Frank Marasco

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

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

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

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

Reader Advisory

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
2015 News Release

West High Yield announces private placement closing

CALGARY, ALBERTA –July 16, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces completion of a non-brokered Private Placement of 285,714 Units for gross proceeds of $100,000. Each Unit is priced at $0.35 and consists of one (1) Common Share (“Common Share”) and 1 one (1) Common Share Purchase Warrant (“Warrant”). Ten full Warrants will entitle the holder to purchase one (1) Common Share of the Company at an exercise price of $0.55 for a period of one year from the date of issue. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for general corporate purposes and working capital. Finders fees of $10,000 were paid with respect to the private placement.

About West High Yield

West High is a publicly traded intermediate 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 is currently undertaking to develop its magnesium property located in Rossland, British Columbia.

For further information please contact the officers below or visit the Company’s website at www.whyresources.com.

Frank Marasco

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

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

Dwayne Vinck

Chief Financial Officer

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

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

READER ADVISORY

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 contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The 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, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

 

Categories
2015 News Release

West High Yield announces private placement

CALGARY, ALBERTA –June 4, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces a non-brokered Private Placement of up to $315,000 of Units. Each Unit is priced at $0.35 and consists of one (1) Common Share (“Common Share”) and 1/10 of one

(1) Common Share Purchase Warrant (“Warrant”). Ten full Warrants will entitle the holder to purchase one (1) Common Share of the Company at an exercise price of $0.55 for a period of one year from the date of issue. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for general corporate purposes and working capital. Closing is anticipated to take place on or before July 3, 2015.

The Company would also like to correct its previous press release of April 29, 2015 and advise that Finders fees of $7,300 were paid on its previous private placement.

About West High Yield

West High is a publicly traded intermediate 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 is currently undertaking to develop its magnesium property located in Rossland, British Columbia.

For further information please contact the officers below or visit the Company’s website at www.whyresources.com.

Frank Marasco

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

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

Dwayne Vinck

Chief Financial Officer

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

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

READER ADVISORY

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 contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The 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, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

 

Categories
2015 News Release

West High Yield releases financial results

CALGARY, ALBERTA – May 22, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the release of its financial results and Management Discussion and Analysis (“MD&A”) for the three months ended March 31, 2015. The unaudited interim condensed financial statements and related MD&A for the three months ended March 31, 2015 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

The Company also advises that on April 30, 2015 it completed a private placement of 1,286,000 Units at a price of $0.25 per Unit for gross proceeds of $321,500. Each Unit consists of one common share of the Company and one common share purchase warrants and ten common share purchase warrants are eligible to purchase one common share of the Company at $0.40 per share for one year. Finders fees of $32,150 were paid with respect to the private placement.

About West High Yield

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

For further information please contact:
Frank Marasco

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

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

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

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

Reader Advisory

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
2015 News Release

West High Yield releases 2014 financial results

CALGARY, ALBERTA – April 29, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the release of its financial results and Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2014. The audited financial statements and related MD&A for the year ended December 31, 2014 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

The Company also advises that on April 24, 2015 it completed a private placement of 1,206,000 Units at a price of $0.25 per Unit for gross proceeds of $301,500. Each Unit consists of one common share of the Company and one common share purchase warrants and ten common share purchase warrants are eligible to purchase one common share of the Company at $0.40 per share for one year. Finders fees of $25,000 were paid with respect to the April 24, 2015 private placement.

About West High Yield

West High Yield is a publicly traded intermediate 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 is currently undertaking to develop its magnesium property located in Rossland, British Columbia.

For further information please contact:
Frank Marasco

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

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

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

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

READER ADVISORY

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 contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The 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

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forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

 

Categories
2015 News Release

West High Yield announces private placement

CALGARY, ALBERTA –Jan. 30, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High” or the “Company”) announces a non-brokered Private Placement of up to $300,000 of Units. Each Unit is priced at $0.25 and consists of one (1) Common Share (“Common Share”) and 1/10 of one (1) Common Share Purchase Warrant (“Warrant”). Ten full Warrants will entitle the holder to purchase one (1) Common Share of the Company at an exercise price of $0.40 for a period of one year from the date of issue. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for general corporate purposes, working capital and obtaining permits for the sale of a 10,000 ton bulk sample from the Company’s Rossland gold property. Closing is anticipated to take place on or before March 5, 2015.

About West High

West High is a publicly traded intermediate 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 is currently undertaking to develop its magnesium property located in Rossland, British Columbia.

For further information please contact the officers below or visit the Company’s website at www.whyresources.com.

Frank Marasco

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

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

Dwayne Vinck

Chief Financial Officer

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

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

Reader Advisory

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 contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The 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, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.