Osoyoos Indian Band Limited Partnership signs letter of intent to construct and operate Record Ridge Mine

CALGARY, ALBERTA – June 14, 2024 – West High Yield (W.H.Y.) Resources Ltd. (“WHY Resources” or the “Company“) (TSXV: WHY) is pleased to announce the signing of a Letter of Intent (the “LOI“) with Skemxist Solutions (“SKM“) (an Osoyoos Indian Band (“OIB“) limited partnership with the Sutherland Group of Companies (“SGC”)). The LOI contemplates the provision of road construction, site preparation, mining operations and various support services to the Company for its Record Ridge Industrial Mineral Mine (“RRIMM”) near Rossland, British Columbia.

The RRIMM project contains critical minerals essential to the development of Canada’s green economy and achievement of its climate change goals. It is projected to produce up to 200,000 tonnes of magnesium ore per annum over an initial two-year period.

“Governments talk a lot about the importance of critical minerals and reconciliation, but WHY Resources is walking the walk here”, said OIB Chief Clarence Louie. “So British Columbia needs to move this ahead now – for the benefit of Canada, and for OIB’s economic independence. ”

The LOI builds on an earlier cooperation agreement signed between the Company and OIB, and follows the OIB’s own independent review and continued oversight of the RRIM project, which is located is in the OIB’s asserted traditional territory.

“From the outset, we have committed to doing the RRIM project right”, said WHY Resources’ President and CEO Frank Marasco. “This LOI, and the numerous commitments we have already made to address community input, shows we are serious about that”.

Chris Sutherland, founder of Sutherland Group of Companies, stated: “We are excited to partner with West High Yield Resources and the Osoyoos Indian Band on this significant project, and we look forward to getting shovels in the ground.”

The Company is in the latter stages of seeking its permits through the BC Mine Development Review Committee, and hopes to conclude negotiation of a definitive agreement with SKM in the weeks ahead.

ABOUT SKEMXIST SOLUTIONS

At Skemxist Solutions, we blend the enduring wisdom of the Osoyoos Indian Band (OIB) with industry expertise, creating a legacy of harmony between tradition and progress. Our commitment extends across various sectors, providing exceptional heavy industry solutions including project consulting, road building & maintenance, drilling & blasting, civil construction, harvesting, marine services, aggregates, and transportation. Website: www.SkemxistSolutions.ca.

ABOUT OSOYOOS INDIAN BAND (OIB)

Rooted in traditional principles of hard work and a deep connection to the land, the OIB has evolved into a thriving business culture. Our location, the richness of our land, and our commitment to engaging with the world contribute to the success of businesses on our traditional territory. The Osoyoos Indian Band Development Corporation plays a crucial role in providing jobs, funding community priorities, and investing in programs and services that enhance the well-being of our people. Website: www.oib.ca.

ABOUT THE SUTHERLAND GROUP OF COMPANIES

The Sutherland Group of Companies is dedicated to solving complex heavy industry problems through integrated management solutions. Since 1995, we have been an integrated network of heavy industry experts, offering a comprehensive range of services spanning equipment, logistics, personnel, and safety. Our domain experts specialize in roadbuilding & maintenance, drilling & blasting, harvesting, chipping & grinding, aggregate sales, marine services, heavy equipment repair, and transportation services. Website: www.TheSutherland.Group.

ABOUT WEST HIGH YIELD

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 deposits using green processing techniques to minimize waste and CO2 emissions.

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

Contact Information:

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

Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

Email: frank@whyresources.com

Barry Baim, Corporate Secretary Telephone: (403) 829-2246 Email: barry@whyresources.com

NT6