WEST High Yield Announces Board and Management Changes
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
NEWS RELEASE
For Immediate Release November 27, 2019
Calgary, Alberta
WEST HIGH YIELD ANNOUNCES BOARD AND MANAGEMENT CHANGES
CALGARY, ALBERTA –November 27, 2019. West High Yield (W.H.Y.) Resources Ltd. (" West High
Yield" or the " Company") (TSXV:WHY) announces that Barry Baim will transition from his current
executive role as VP Corporate Development, and has acc epted appointment to the Board of Directors of the
Company effective today. Mr. Baim brings to the Boar d a deep understanding of the next steps required for
the ongoing development of the Company’s Record Ridge Mine and the commercial requirements of an
evolving dynamic growth oriented global magnesium marketplace.
Baim has been a senior leader for Molson Coors, as well as an executive in the resource sector with companies
in seismic, oil-sands mining services and production optimiza tion. He is a past Director of Siksika Resource
Development Ltd, Paradigm Chemical Technologies, Millennium Seismic a nd currently serves as a director
for SGV Canada Ltd.
President and CEO Frank Marasco states “This announcement underscores the Company’s
commitment to augment the current strength of th e board with relevant skills and competencies
required for the next step in the strategic commercialization of the Company’s mine assets.”
Coincident with this announcement, the Company’s Board of Directors approved the granting of 100,000
options to Mr. Baim. The options are issued with an exercise price of $0.15 per share and have a five-year
term.
Further, it is with deep appreciation for his years of outstanding service and guidance, the Company announces
that Ian Kennedy has resigned from the Board of Dir ectors effective November 25, 2019. Mr. Kennedy has
agreed to assist the Company through taking an adviso ry role, providing support, guidance and ensuring that
the transition is as smooth as possible. His efforts have been instrumental in the mine permit submission,
currently in its final phase and the extremely positive optimization results of the planned metallurgical process
reflecting much higher magnesium yields and purity . The Company will conduct a thorough search for a
qualified new Director, and with Ian’s advisory support facilitate the orderly transition to a new Director. The
Company thanks Ian for his professionalism and commitment to the success of the Company today and in the
future while wishing him all the best.
In addition, the Company announces that is has accepte d the resignation of Dwayne Vinck, the Company’s
Chief Financial Officer, effective as of November 20, 2019. The Company wishes to thank Mr. Vinck for his
12 years of service and all the best in his future end eavors. A search for his re placement has been initiated
and an announcement will follow in this regard. In the interim, the Company has arranged transitional financial
services to ensure the ongoing effectiveness of the organization.
The Company is looking forward to completion of the final step of the permit process and the move towards
initiation of the mining process. The Company also announ ces that it has entered in an agreement to process
360,000 tons of mine tailings located on its Rossland Gold Camp property to recover base minerals, primarily
Gold.
About West High Yield
West High Yield is a publicly traded junior mini ng exploration company focused on the acquisition,
exploration and development of mineral resource properties in Canada with a primary objective to locate and
develop economic gold, nickel and magnesium properties.
For further information please contact:
Frank Marasco
President and Chief Executive Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: [email protected]
Reader Advisory
This press release contains forward-looking statements and forward-looking information within the meaning of
applicable securities laws. The use of any of the words " expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "s hould", "believe", "plans", "intends" and similar expressions are intended to
identify forward-looking information or statements. More particularly and without limitation, this press release contains
forward looking statements and information concerning the investigation and confirmation of key assumptions in the PFS
study report. The forward-looking stat ements 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.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made
and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking information. Some of the risks and other factors that could
cause the results to differ materially from those expressed in the forward-looking information include, but are not limited
to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure
to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital
on acceptable terms; the need to obtain required appr ovals from regulatory authorities; stock market volatility;
competition for, among other things, skilled personnel and supplies; changes in tax laws; and other factors. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date
hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company
undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer
to buy any securities in the United States. The securities of the Company will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or
to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements
of the U.S. Securities Act.