Category: 2020

CALGARY, ALBERTA –November 10, 2020 West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV:WHY) announces that it has entered into a joint venture with EnviroGold Global for the development, operation, and reclamation of its precious mineral (Au/Ag) rock rejects located on its gold claims in Rossland, BC. The venture is conditional upon the parties receiving approval from the Ministry of Mines in British Columbia and when approved, will help West High Yield in unlocking the tremendous value of the mine reject rocks that were stockpiled on the Company’s claims from historic mining operations on its Rossland property.

The reject rock averaged 2.5 gpt Au based on independently assayed random 99 bulk samples at Metsolve Laboratories, BC. All recoverable saleable minerals and metals will be extracted and marketed including but not limited to recoverable gold and silver. Proceeds from this project will be used by the Company to support advancement of its strategic vision to develop its mineral resource properties in British Columbia.

The extraction and reclamation of the reject stockpile, which is scheduled to commence in December, 2020, will be operated and managed by EnviroGold , with all project costs paid by EnviroGold and then recovered by EnviroGold from the proceeds of sale of the processed reject rock, after which the net proceeds will be split on a 50/50 basis between the project partners.

President and CEO of West High Yield, Frank Marasco Jr. described the transaction as “win-win” for both parties.

“We are excited to partner with EnviroGold to extract the value from our rejects stockpile and use the proceeds to advance our business plan. EnviroGold’s team and experience will assist our Company in unlocking the value in this ready to process asset.” Mr. Marasco said.

EnviroGold CEO James Canning-Ure said he was excited for the opportunity to be working with West High Yield in creating value for the Company from a previously mined resource.

“For mine owners like West High Yield, we not only create an otherwise unavailable passive income stream from waste, but we dramatically reduce a mine’s environmental footprint, mine site maintenance costs, risk and rehabilitation commitment,” Mr Canning-Ure said.

The agreement with EnviroGold supersedes a prior agreement of the Company to mine the reject rocks, which will terminate on November 20, 2020.

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.

About EnviroGold Global

EnviroGold Global is a modern precious metals company with a “Planet before Profit” focus, applying specialized technologies and processes to recover up to 98% of precious metals from mine tailings, waste and mine wastewater utilizing cost effective processes with a high regard for environmental standards and transforming uneconomic mine tailings and waste into a valuable resource. EnviroGold maximizes environmental stewardship and unlocks new streams of shared value for shareholders and community stakeholders and positively impacts climate change.

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]

James Canning-Ure Chief Executive Officer EnviroGold Global

Telephone: +61 418 745 477

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 business plans. 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 accepts responsibility for the adequacy or accuracy of this press release. This

press release is not for distribution in the United States.

 

CALGARY, Alberta, October 7, 2020 — West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV:WHY) announces two non-brokered private placements (the “Offerings”).

The first Offering is a Flow-Through Private Placement of up to $2,100,000 for 7,000,000 Units of the Company comprised of 7,000,000 Common Shares issued on a flow-through basis and 7,000,000 Common Share Purchase Warrants (the “Warrants”). Each Unit is priced at $0.30 per Unit with $0.30 allocated to each Common Share. The Warrants expire 12 months from the date of issue and two (2) Warrants together with $0.40 will entitle the holder to acquire one (1) additional Common Share of the Company.

The second Offering is a Private Placement of up to $1,500,000 for 7,500,000 Units of the Company comprised of 7,500,000 Common Shares and 7,500,000 Common Share Purchase Warrants (the “Warrants”). Each Unit is priced at $0.20 per Unit. The Warrants expire 12 months from the date of issue and two (2) Warrants together with $0.30 will entitle the holder to acquire one (1) additional Common Share of the Company. The minimum subscription on both Offerings is $5,000.

The proceeds from the sale of the Units pursuant to the Offerings will be used primarily to fund the completion of the Company’s approved drilling program of up to 20,000 metres (22 holes) on the Company’s Midnight Gold Claim located in the Rossland Gold Camp in British Columbia. A portion of the proceeds will also be used to fund the completion of the application by the Company to the BC Department of Mines for the mining permit for the Record Ridge Magnesium/Nickel Mine located in Rossland, British Columbia and for general working capital.

The Industrial Quarry Permit sought under the BC Mines Act will allow for the extraction and sale of up to 249,999 tonnes per annum of industrial rock. The Company is also in the process of developing a pilot plant processing facility to upgrade the magnesium ore on its Rossland property to ultra-high purity (99%) Magnesium Oxide product.

The Rossland Gold Camp historically produced over 2.76 million ounces of recovered Gold and 3.52 million ounces of recovered Silver. Historical gold production, geological work and drill holes previously conducted by the Company reinforce the potential of the Midnight Gold Claim.

Closing of the Offerings is anticipated to occur on or before November 18, 2020 and is subject to final receipt and approval of the TSX Venture Exchange (the “TSXV”). Finder’s fees may be payable to qualified agents in appropriate circumstances in connection with the Offerings.

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]

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 business plans. 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. This press release is not for distribution in the United States.

 

CALGARY, ALBERTA – September 24, 2020. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSXV:WHY) announces that the BC Ministry of Mines has granted the Company a drilling permit for the drilling of 22 drill holes of up to 600 metres per hole and an aggregate of 20,000 metres on the Company’s Midnight Gold Claim located in the Rossland Gold Camp. The Rossland Gold Camp historically produced over 2.76 million ounces of recovered Gold and 3.52 million ounces of recovered Silver. Historical gold production and geological work and drill holes conducted by the Company’s results reinforce the potential of the Midnight Claim.

The Company is utilizing the analysis from the 26 gold drill hole program conducted by the Company in 2009 on its Midnight Claim. All holes intersected a series of quartz veins and gold bearing serpentinites with significant gold values, notably hole MN09-15, which returned weighted average of 40.1 g/tonne over a true width of 2.3 metres including 198 g/tonne Au for a true width of 0.8 metres near surface (13.9 metres in drill depth) and hole MN09-24, which returned a weighted average of 25.16 g/tonne over a true width of 3.6 metres including 73.23 g/tonne Au for a true width of 1.2 metres. Highlights of the 2009 Drill Program are set out below.

Hole	Depth (m)	From	To	Width (m)	Grade Au (g/t)	Comments
MN 09-4	123	31.3	39.4	8.1	12.2	Listwanized serpentinite 8 g/t Ag including 85.48 g/t Au and 58.2 g/t over 1 m
MN 09-6	121	13.6	26.8	13.2	7.40	Mixed Qtz + listwanized serp. 4.4 g/t Ag including 38.21 g/tonne Au & 53.3 g/tonne Au over 0.6 m & 0.5 m, respectively
MN 09 -15	106	13.9	18	4.1	40.11	Green serp. & soapstone (19.7 g/tonne Ag including 198 g/t Au over 0.8 m
MN 09-24	82	28.9	33.5	4.6	25.16	Mixed Qtz veins & serpentinite including 73.23 g/t Au over 1.5 m

Based on the previously released 2009 drill core results, the Company plans to further define the gold mineralization on its Midnight Claim in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.

“The Midnight Claim contains high-grade quartz–carbonate veins with native gold and minor silver and sparse sulphides. The Company is encouraged by the theory given by many of its senior geology consultants that the series of gold-enriched quartz veins and gold bearing serpentinites identified by the drill holes to date, have been enriched from a contained deeper source. In accordance with this hypothesis, the Company planned the next drill holes to be drilled to a depth of at least 600 metres per hole”, stated Cory Peck, P.Geo., who advises the Company.

Set out below is a map of the Geology on the Midnight Claim.

Geological Cross Section on the Midnight Claim

The chart below depicts recorded past production from up to 1941 from the combined Midnight, IXL and OK Claims, which are now part of the Company’s land base in Rossland, British Columbia.

CLAIM	TONNES	GRAMS AU	GRADE Au g/t	OUNCES Au	Grade Au OPT
IXL	5248	809766	154	25912.5	4.49
MIDNIGHT	4760	218346	46	6987.1	1.34
OK	293	17916	61	573.3	1.78
TOTAL	10301	1046028	101.5	33472.9	2.96

“The Company is excited and energized by the convergence of global market opportunities for West High Yield. Our ability to further define the potential of the Midnight Gold Claim will be an additional value driver in addition to the next steps in the commercialization of the Company’s proven magnesium asset coupled with the nickel and high grade silicate to be produced through our proprietary and environmentally sensitive extraction process. The Company thanks the shareholders for their patience and continued support of this green mining project”, stated President and CEO, Frank Marasco Jr.

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]

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 business plans. 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. This press release is not for distribution in the United States.