West High Yield (W.H.Y.) Resources Ltd. announced the results from its PFS for its high-purity MgO industrial production plant ("the Project"), prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") with cost accuracy of +/- 20% for the Company's Record Ridge property located 10 kilometers southwest of Rossland, British Columbia (the "Record Ridge Property"), which is an intermediate-advanced exploration-stage project and is 100% owned by the Company. All figures are expressed in the currency of the United States of America unless otherwise stated. Kingston Process Metallurgy Inc. ("KPM"), a company based out of Kingston, Ontario, in consultation with KON Chemical Solutions and Tenova (both companies are based in Austria), was mandated to establish the technical viability of a MgO production facility, to prepare plan and capital estimates of the Project, and to provide detailed design and economic evaluation of a semi-commercial demonstration plant, in addition to a high-level design and economic evaluation of a commercial plant at a location to be determined in southern British Columbia, Canada.

The financial model of the Project was prepared by Bumigeme Inc., a company based out of Montreal, Quebec based on (i) information provided to them by the Company, as received from KPM, and (ii) MgO market study prepared for the Company by TAK Industrial Mineral Consultancy (existing under the laws of the United Kingdom). The findings from the aforesaid assessments and models are highlighted in the Study. Study Overview; The Study considered a MgO commercial plant of 250,000 Mt/year ore capacity (the "Plant"), which is based on the installation of five (5) processing modules of 50,000 Mt/year ore capacity (each module called a "Unit").

The Study produced the following information, a detailed design and economic evaluation including capital and operating costs of a demonstration plant; a high-level design and economic evaluation including capital and operating costs of the Plant; and economic analysis of the Plant. The Study considered the capital costs of the Plant to be about $205 million with operating costs of $375/Mt of MgO product, which included mining costs, processing costs, and mine and plant levels general and administrative expenses.