Category: 2016

CALGARY, ALBERTA – November 29, 2016. 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 nine months ended September 30, 2016. The unaudited interim condensed financial statements and related MD&A for the nine months ended September 30, 2016 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

British Columbia Environmental Assessment Application and Mine Permit Application

As required to meet and exceed regulatory requirements, the Company has focused on extensive environmental baseline studies for its Record South Ridge Properties and surroundings. These studies include Water Quality, Fisheries, Vegetation, Soil, and a comprehensive GIS Terrestrial Ecosystem Mapping. In addition to these studies the Company will be fully consulting with Community and First Nations Stakeholders. These studies and the Project Description and Environmental Work Planning is being conducted by Greenwood Environmental and SRK Consulting (Canada) both of Vancouver, BC.

Magnesium Hydrometallurgical Testing

Drinkard Metalox, Inc. (“Drinkard”) of Charlotte, North Carolina continues its hydrometallurgical testing of the Company’s magnesium ore to evaluate magnesium processing and recovery alternatives. Drinkard is now engaged in micro-plant scale production simulation testing at their facilities. to further evaluate the magnesium extraction processing to improve recovery and reduce plant capital and operating costs. SRK Consulting (U.S.) Inc. of Lakewood, Colorado will review the results of Drinkard’s testing.

Year to date expenditures exceed $1 million and the Company continues to pursue additional financing for continuation of the above projects.

About West High Yield

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

For further information please contact:
Frank Marasco President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488 Facsimile: (403) 206-7159 Email: [email protected]	Dwayne Vinck Chief Financial Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637 Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

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

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

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

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

 

CALGARY, ALBERTA – June 1, 2016. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that it has commenced work on the environmental study, stakeholder engagement, and mine plan development on the Company’s Record Ridge South Property as required by the Environmental Assessment Certification and Mine Permit application processes. The Company has engaged SRK Consulting (Canada) Inc. (Vancouver) and Greenwood Environmental Inc. (Vancouver) to start work on these projects. The Company has also engaged Drinkard Metalox, Inc. (“Drinkard”) of Charlotte, North Carolina to perform a series of hydrometallurgical tests on the Company’s magnesium ore to evaluate magnesium processing and recovery alternatives. Drinkard works with companies from around the world in developing and commercializing hydrometallurgical and electrochemical processes.

The Company continues to pursue additional financing for the environmental study and mine plan development for its magnesium project and for the extraction and processing of 10,000 tonne bulk samples of magnesium and gold on the Company’s Record Ridge South Property as approved by the British Columbia Ministry of Energy and Mines.

About West High Yield

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

For further information please contact:
Frank Marasco President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488 Facsimile: (403) 206-7159 Email: [email protected]	Dwayne Vinck Chief Financial Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637 Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

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

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

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

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

 

CALGARY, ALBERTA­­(Marketwired ­ April 27, 2016) ­ West High Yield (W.H.Y.) Resources Ltd. (TSX VENTURE:WHY) (“West High Yield” or the “Company”) announces that it has completed its previously announced non­brokered private placement of common shares (each, a “Common Share”). The Company issued 1,515,151 Common Shares at a price of $0.33 per Common Share for gross proceeds of $500,000. All of the Common Shares issued under the private placement are subject to a four month resale restriction. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange.

The Company is also pleased to announce that it has entered into an unsecured loan agreement (the “Loan Agreement”) with a private company (the “Lender”) pursuant to which the Lender has provided the Company with a loan in the principal amount of $1,000,000 (the “Loan”). Subject to the detailed terms of the Loan Agreement (including, without limitation, provisions governing prepayment rights and early payment obligations in certain circumstances), the Loan shall mature 10 years from the disbursement date of the Loan and shall bear interest at the rate of 11.61% per annum, calculated and compounded annually in arrears.

The net proceeds of the private placement and the principal amount of the Loan shall be used for general corporate purposes, environmental study and mine plan development as required by the Environmental Assessment Certification and Mine Permit application processes and for the extraction and processing of 10,000 tonne bulk samples of magnesium and gold on the Company’s Record Ridge South Property as approved by the British Columbia Ministry of Energy and Mines. The Company expects these operations to occur in the summer of 2016, subject to securing additional funding.

The Company also announces the release of its audited financial statements and Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2015. The audited financial statements and related MD&A for the year ended December 31, 2015 have been filed with Canadian securities regulatory authorities under the Company’s profile 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 press release contains forward­looking statements and forward­looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward­looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the proposed use of proceeds of the private placement and the Loan. The forward­looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward­looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

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

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

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

53,598,624 Common Shares Issued

CONTACT INFORMATION

Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd.

(403) 660­3488

(403) 206­7159 (FAX)

[email protected]

Dwayne Vinck

Chief Financial Officer

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

(403) 257­2637

(403) 206­7159 (FAX)

[email protected]

 

CALGARY, ALBERTA­­(Marketwired ­ April 15, 2016) ­ West High Yield (W.H.Y.) Resources Ltd. (TSX VENTURE:WHY) (“West High Yield” or the “Company”) announces that, subject to the approval of the TSX Venture Exchange, the Company’s Board of Directors approved the appointment of Mr. Jeff Helper as Corporate Secretary.

Mr. Helper was called to the Alberta bar in 1997 and has been a partner with the law firm of TingleMerrett LLP since 2003. Mr. Helper’s practice is focused primarily on corporate and commercial transactions, with particular emphasis on securities and corporate finance for emerging and growth companies, both private and public.

The Company also announces the granting of 1,250,000 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 $0.25 per share and have a five year term.

On April 14, 2016, 1,476,666 options with an exercise price of $0.30 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.

52,083,473 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.

CONTACT INFORMATION

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

President and Chief Executive Officer

(403) 660­3488

(403) 206­7159 (FAX)

[email protected]

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

Chief Financial Officer

(403) 257­2637

(403) 206­7159 (FAX)

[email protected]

http://www.marketwired.com/press­release/west­high­yield­appoints­corporate­secretary­and­grants­stock­options­tsx­venture­why­2115407.htm 1/1

 

CALGARY, ALBERTA –March 21, 2016. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that it is proposing to complete a non- brokered private placement of common shares (each, a “Common Share”) at a price of

$0.33 per Common Share for gross proceeds of up to $1,000,000. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange.

The net proceeds of the private placement will be used for general corporate purposes, environmental study and mine plan development as required by the Environmental Assessment Certification and Mine Permit application processes and for the extraction and processing of 10,000 tonne bulk samples of magnesium and gold as approved by the British Columbia Ministry of Energy and Mines. The Company expects these operations to occur in the summer of 2016.

About West High Yield

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

For further information please contact:
Frank Marasco President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488 Facsimile: (403) 206-7159 Email: [email protected]	Dwayne Vinck Chief Financial Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637 Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

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

Page 2

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

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

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

 

CALGARY, ALBERTA – March 4, 2016. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the following:

Magnesium Mine Development and Gold and Magnesium Bulk Samples

The Company seeks $3 Million for environmental study and mine plan development as required by the Environmental Assessment Certification and Mine Permit application processes.

In addition, $2 million for the extraction and processing of 10,000 tonne bulk samples of magnesium and gold as approved by the British Columbia Ministry of Energy and Mines. We expect these operations in summer 2016.

In December 2015, the Company exhibited at the Mines and Money Conference in London, Europe’s Largest Mining Investment Forum and will be an exhibitor (Booth 2952) at the upcoming Prospectors & Developers Association of Canada (“PDAC”) annual convention, the largest exploration and mining event in the world, March 6-9, 2016.

Magnesium Customer Development

The Company has received a letter of intent regarding future purchase of up to 100,000 tonne annually of magnesium ingots for use in magnesium alloy based manufacturing of rail hopper cars, conditional to the Company’s Mine Permit requirements.

Magnesium Preliminary Economic Assessment (“PEA”)

On June 4, 2013, the Company released the results of a (“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%.

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.