WEST High Yield (W.h.y.) Resources Ltd. Signs Forward Contract LOI to Sell Magnesium ORE from Record Ridge Deposit

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

For Immediate Release

December 7, 2021

Calgary, Alberta

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. SIGNS FORWARD CONTRACT LOI

TO SELL MAGNESIUM ORE FROM RECORD RIDGE DEPOSIT

CALGARY, ALBERTA – December 7 2021 – West High Yield (W.H.Y.) Resources Ltd. ("West High

Yield" or the " Company") (TSXV:WHY) is pleased to announce that it has signed a letter of intent (the

"LOI") with APG Galaxy Trade and Technology, LLC, a U.S.-based company focused on the acquisition

and production of magnesium and other precious metals ("Galaxy"), for the purchase and sale of

magnesium serpentine ore (the " Ore") produced by West High Yield at its Record Ridge magnesium

deposit (the “Deposit”) located near Rossland, British Columbia, Canada (the "Transaction").

The LOI is non -binding as the parties work towards the signing of a binding definitive agreement (the

"Definitive Agreement ") in respect of the Transaction. The LOI contemplates Galaxy purchasing a

minimum of 200,000 metric tonnes ( "Mts") of the Ore per annum during the term of the Definitive

Agreement. The purchase price will be USD$500 per Mt of the Ore during the first three (3) year period

of the Definitive Agreement, and shall be subject to adjustment for the remaining term of the Definitive

Agreement based on factors including but not limited to production costs and the Consumer Price Index of

Canada.

The Transaction is subject to, among other items, standard conditions precedent in favour of each of Galaxy

and the Company, individually, including the receipt by the Company of all necessary government and

regulatory approvals and permits to extract the Ore fro m the Deposit . The Company has agreed to an

exclusivity period with Galaxy for the sale of the minimum quantity of the Ore until all of its conditions

have been waived or satisfied in full, during which it will negotiate exclusively with Galaxy with a view to

settling the Definitive Agreement.

The Company will issue a news release updating this information and providing more detail on the parties

and finalized terms once the Definitive Agreement has been entered into

Frank Marasco Jr., President and CEO of West High Yield states: "The Company has been looking for

interested and capable partners to purchase the initial mined inventory of our critical mineral rich ore and

generate positive cash flow for the Company. We appreciate Galaxy’s magnesium experience and customer

demand, and we are pleased to have reached t his milestone in advancing our negotiations with Galaxy

towards a comprehensive definitive agreement. I consider this LOI as a critical step in building a strategic

collaboration with Galaxy for the objective of securing a future market for a range of magnesium products

that could be produced from the Record Ridge project."

Michael North, Board Chairman and CEO of Galaxy, states: "The magnesium serpentine ore controlled by

West High Yield in British Columbia is one of the largest and richest verified deposits of its type in the

world. Today, Galaxy is pleased to take the first step in a challenging process, intended to deliver this

important natural resource from Canada to world markets and meet the requiements of the automotive,

aerospace, energy, construction, nutritional, consumer products and pharmaceutical fields. Many industries

need lighter, greener, more efficient materials right away , in order to meet climate change and carbon

reduction goals. With this Letter of Intent, Galaxy initiates a demanding series of research, engineering and

business development strategies that, if successful, may facilitate an efficient supply chain of cost-effective

pure magnesium and alloy products for years to come. We look forward to further collaboration between

Galaxy and West High Yield."

About APG Galaxy Trade and Technology, LLC

Galaxy is a direct source of magnesium, from mine to manufacturer, evolutionizing entire industries with

light, strong, versatile, durable and energy-efficient magnesium. An international company based in the

United States, Galaxy is streamlining global supply chains, offering both standard and custom alloys for

unparalleled performance. Galaxy is helping to move the global economy from heavy metals to light metals

of the future: clean, green, less carbon-intensive, bending the curve on climate change.

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 deposit using green processing techniques to minimize

waste and CO2 emissions.

Contact Information:

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

Frank Marasco Jr., President and Chief Executive Officer

Telephone: (403) 660-3488 Facsimile: (403) 206-7159

Email: [email protected]

Cautionary Note Regarding Forward-looking Information

This press release contains forward -looking statements and forward -looking information within the

meaning of Canadian securities legislation. The forward-looking statements 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 esti mates 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 approvals from regulatory authorities; and other f actors. 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.

This press 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.

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 OF THIS RELEASE.