Mr. Frank Marasco reports

WEST HIGH YIELD PROVIDES A CORPORATE UPDATE

West High Yield (W.H.Y.) Resources Ltd. has provided an update on the status of its mining permit progress for the Record Ridge magnesium deposit located 10 kilometres southwest of Rossland, B.C., and on the status of its nearby Midnight gold drilling program.

Record Ridge mining permit

As of March 31, 2023, the company has submitted all material information, mine site engineering designs and corresponding reports requested by the British Columbia Ministry of Mines in response to its questions and comments of July, 2022, stemming from its amended permit application for the Record Ridge industrial critical mineral mine. The ministry has a multistep permit review process where major issues are identified upfront, followed by a detailed technical review. The company and its consultants are scheduled to meet with the ministry in the near future to discuss the ministry's feedback on the requested material that has been submitted by the company and to determine the next steps forward.

While adhering to the established permit process, the company is also initiating a formal request for proposal (RFP) process to invite interested groundworks contracting companies with expertise in mine site development and on-site road construction to submit their bids. The company has already received engineering drawings for mine site development from SRK Consulting and has held previous discussions with site development contractors and mining contractors. The company is requesting the submission of bids by June 30, 2023. Once the mining permit is granted, the company plans to expedite mine site development and begin mining the ore to fulfill the terms as contemplated in the Galaxy Magnesium LOI (letter of intent) of Dec. 6, 2021, which aims to sell Record Ridge ore at $500 (U.S.) per tonne and generate cash flow.

"The company has been diligent in addressing all requests from the ministry and remains vigilant in seeing the Record Ridge permit process through to completion. The company, in conjunction with the consultants, is working persistently to successfully complete the permit process as soon as possible," said Frank Marasco Jr., West High Yield's chief executive officer and president.

Midnight gold drilling

As previously press released, the Midnight gold drilling program of 2022 yielded positive results in multiple intervals and zones. While the 2022 Midnight gold drilling of all planned holes was completed, core cutting, logging and assaying of approximately 800 metres could not be completed due to inclement weather that forced operations to cease earlier than expected. The company plans to resume the core cutting, logging and assaying as soon as site access is safe and weather conditions allow, with an expected start date of May and completion in four to six weeks. The company will be releasing additional gold drilling results from the Midnight gold drilling program as they become available.

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

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica and nickel deposit using green processing techniques to minimize waste and carbon dioxide emissions.

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