West High Yield Resources

Published : June 02nd, 2016

West High Yield Announces Corporate Developments

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Keywords :   Canada | Gold | Junior | Magnesium | Market | Mines | Nickel | Recovery | Tax | Volatility |

West High Yield Announces Corporate Developments



For Immediate Release

June 1, 2016

Calgary, Alberta

TSXV Trading Symbol: WHY

53,598,624 Common Shares Issued


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

Page 2

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.

Read the rest of the article at www.publicnow.com
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West High Yield Resources

ISIN : CA9532641086
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WHY Resources is a exploration company based in Canada.

Its main exploration property is ROSSLAND MINING CAMP in Canada.

WHY Resources is listed in Canada. Its market capitalisation is CA$ 16.3 millions as of today (US$ 13.1 millions, € 11.4 millions).

Its stock quote reached its highest recent level on October 05, 2017 at CA$ 3.80, and its lowest recent point on April 01, 2020 at CA$ 0.07.

WHY Resources has 53 598 624 shares outstanding.

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Financings of West High Yield Resources
4/17/2015Announces Private Placement
9/27/2013Closes Private Placement
Option Grants of West High Yield Resources
5/27/2011Retains Macam Investor Relations
Financials of West High Yield Resources
4/19/2013Announces Year End 2012 Annual Audited Financial Results
4/26/2011Announces Year End 2010 Audited Financial Results
Project news of West High Yield Resources
6/4/2013Announces Results of Preliminary Economic Assessment
1/22/2013s Status of Anticipated Preliminary Economic Assessment and ...
9/16/2009(Rossland Mining Camp)Additional 2009 Gold Drilling Program and Closing of First T...
Corporate news of West High Yield Resources
6/2/2016West High Yield Announces Corporate Developments
5/4/2016West High Yield Appoints Corporate Secretary and Grants Stoc...
5/4/2016West High Yield Announces Completion of Private Placement an...
3/21/2016West High Yield Announces Private Placement
11/27/2015West High Yield Releases Financial Results and Holds Annual ...
11/4/2015West High Yield Announces Two 10,000 Tonne Bulk Sample Permi...
11/3/2015West High Yield Announces Two 10,000 Tonne Bulk Sample Permi...
9/30/2015West High Yield Announces Convertible Debt Private Placement
9/30/2015West High Yield Grants Stock Options
9/14/2015West High Yield Announces Convertible Debt Private Placement
9/4/2015West High Yield Grants Stock Options
8/28/2015West High Yield Releases Financial Results
7/16/2015West High Yield Announces Private Placement Closing
4/17/2015West High Yield Announces Private Placement
1/30/2015West High Yield Announces Private Placement
12/29/2014West High Yield Grants Stock Options
11/19/2014West High Yield Releases Financial Results
10/27/2014West High Yield Releases Sample Testing Results
10/6/2014West High Yield Provides Corporate Update
9/17/2014West High Yield Closes Private Placement
8/15/2014West High Yield Releases Financial Results
7/31/2014West High Yield Announces Private Placement
5/22/2014West High Yield Releases 2013 Financial Results
4/24/2014West High Yield Releases 2013 Financial Results
8/9/2013Releases Second Quarter 2013 Financial Results and Proposed ...
7/9/2013Announces Corporate Developments
6/30/2011Announces Closing of Private Placement with the MineralField...
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