Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT OFFERING, LOAN AMENDMENTS, AND WORLD-FIRST MAGNESIUM BATTERY BREAKTHROUGH

West High Yield (WHY) Resources Ltd. has arranged a non-brokered private placement offering for the sale of up to 3,913,043 units of the company at a price of 23 cents per unit for aggregate gross proceeds of up to $900,000, and the company has entered into loan amending agreements with Big Mountain Development Corp. Ltd. (the lender) and the company has provided a general update on the global magnesium industry.

The offering

Each unit issued under the offering will consist of one common share of the company and one common share purchase warrant. Each full warrant, together with 35 cents, will entitle the holder thereof to acquire one additional common share for a period of 12 months from each full warrant's date of issuance. The warrants will not be listed on the TSX Venture Exchange.

The company may pay a finder's fee in connection with the offering to eligible finders in accordance with the policies of the TSX Venture Exchange and applicable Canadian securities laws consisting of: (i) a cash commission of up to 6 per cent of the gross proceeds of the offering; and (ii) common share purchase warrants of up to 6 per cent of the number of full warrants issued under the offering. The finder's warrant will have identical terms to the warrants.

The offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable Canadian securities laws. All securities issued under the offering are subject to a statutory hold period from their date of issue in accordance with applicable Canadian securities laws. None of the units, shares or warrants will be registered under the U.S. Securities Act of 1933, as amended, and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

The proceeds from the offering will be used: (a) to conclude its permitting process; (b) to cover essential operations; and (c) for general working capital purposes and expenses. The offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the acceptance and approval of the TSX-V.

The loan amendments

By way of a news release disseminated Jan, 31, 2024, the company announced that the term loans extended to the company by the lender had their expiry dates extended to Dec. 31, 2024, in consideration for the company paying a loan extension fee to the lender, which would become due and payable to the lender along with the total loan amount and interest owing and accruing thereon on the extended maturity date.

While both loans have surpassed the extended maturity date, the lender, in consideration of ensuring the financial success of the company, has agreed to extend the expiry date of both loans to Dec. 31, 2026. On the new maturity date, the total loan amount and interest, fees, and other charges owing and accruing thereon shall all become due and payable in full by the company to the lender.

Breakthrough in magnesium battery technology for electric vehicles

In a development that could significantly impact the global magnesium industry, scientists have unveiled the world's first car-compatible magnesium battery, a game-changing innovation that offers a safer, more efficient and cost-effective alternative to lithium-ion and hydrogen fuel cell technologies. Researchers at Korea's Institute of Science and Technology have achieved a breakthrough in energizing magnesium-based batteries, eliminating the need for corrosive additives while enhancing energy density and longevity.

With West High Yield's focus on developing one of North America's largest, high-grade magnesium deposits at the Record Ridge magnesium, silica and nickel deposit, this breakthrough underscores the growing strategic importance of magnesium in the future of sustainable energy storage and electric mobility. The company views this innovation as a strong validation of magnesium's potential in the green economy and remains committed to advancing its production to meet the increasing demand for this critical mineral.

About West High Yield (WHY) 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.

The company's Record Ridge magnesium deposit located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 (Standards of Disclosure for Mineral Projects) preliminary economic assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

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