Calgary, Alberta--(Newsfile Corp. - March 27, 2024) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (the "Company" or "West High Yield") is pleased to announce that its board of directors approved and authorized the grant and issuance of a total of 1,578,000 stock options (each an "Option" and collectively, the "Options") effective March 25, 2024.

1,160,000 of the Options were issued to the members of the board of directors of the Company; 60,000 of the Options were issued to one (1) officer of the Company; and 403,000 of the Options were issued to four (4) different consultants of the Company. One (1) Option entitles the holder thereof to purchase one (1) common share of the Company (each a "Share" and collectively, the "Shares"). All of the Options vest on their date of grant and have a term of 10 years from their date of grant. The exercise price of the Options was set at CAD$0.23 per Share, which was above the closing trading price of the Shares on the TSX Venture Exchange (the "TSXV") on their date of grant.

The grant of the Options is subject to the approval of the TSXV.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral magnesium, silica, and nickel deposits using green processing techniques to minimize waste and CO₂ emissions.

The Company's Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

Contact Information:

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: [email protected]

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: [email protected]

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. 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.