WEST High Yield (W.h.y.) Resources Ltd. Announces Closing of Flow-Through Private Placement Offering

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

For Immediate Release

December 30, 2021

Calgary, Alberta

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

CLOSING OF FLOW-THROUGH PRIVATE PLACEMENT OFFERING

CALGARY, ALBERTA – December 30, 2021 – West High Yield (W.H.Y.) Resources Ltd. (" West High

Yield" or the "Company") (TSXV:WHY) is pleased to announce it has closed its previously announced

brokered private placement offering for aggregate gross proceeds of up to CAD$2,499,951.72 (the "Offering").

The Offering consisted of the issuance of 2,976,133 units (the "Units") of the Company at a price of CAD$0.84

per Unit. Each Unit was comprised of: (i) one (1) common share of the Company (each, a " Common Share")

issued on a "flow -through basis" under the Income Tax Act (Canada) (the " Act") for Canadian Exploration

Expense (CEE) as defined in the Act; and (ii) one-half (1/2) of a Common Share purchase warrant ( each, a

"Warrant"). One (1) full Warrant, together with CAD$ 1.25, entitles each holder thereof to acquire one (1)

additional Common Share of the Company for a period of eighteen (18) months from the closing date . The

Warrants will not be listed on the TSX Venture Exchange (the "TSXV").

For its role as broker under the Offering, GloRes Securities Inc. (the "Agent") received: (i) a cash commission

of $149,997.00, equal to 6.0% of the proceeds of the Offering raised from investors introduced to the Company

by the Agent); and (ii) 178,567 broker warrants (the "Broker Warrants"), equal to 6.0% of the number of Units

sold under the Offering to investors introduced to the Company by the Agent. The Broker Warrants were issued

to and are exercisable by the Agent on the same terms and conditions as the Warrants.

The closing of the Offering is subject to certain closing conditions including but not limited to final acceptance

and approval from the TSXV. All securities issued pursuant to the Offering are subject t o the statutory hold

period that expires four months and one day from their issuance.

Use of Proceeds from the Offering

As previously announced in its press release dates December 16, 2021, the proceeds from the Offering will be

used by the Company to support its gold drilling program for 2022 on its Midnight property which has already

been permitted, allocated as per regulatory guidelines. The Company plans to drill holes to a depth of at least

600 meters per hole at its Midnight property.

The Company, using analysis from its 2009 26-hole gold drill program (the "2009 Drill Program"), noted that

except for two holes (MN09 -19 and MN09- 26) from the 2009 Drill Program, all holes intersected a series of

quartz veins and gold bearing serpentinites with significant gold values . Most notably from the 2009 Drill

Program were: (i) hole MN09-15, which returned weighted average of 40.1 g/tonne over a true width of 2.3 m

including 198 g/tonne Au for a true width of 0.8 m near surface (13.9 m in drill depth); and (ii) hole MN09-24,

which returned a weighted average of 25.16 g/tonne over a true width of 3.6 m including 73.23 g/tonne Au for

a true width of 1.2 m. For more detailed information , please refer to the Company’s September 24, 2020, news

release or its website.

Based on the results from the 2009 Drill Program, the Company plans to further define the gold mineralization

on its Midnight property in order to allow the Company to proceed with a mineral resource estimate pursuant to

National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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 CO 2

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 t he 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

approvals from regulatory authorities; 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.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securit ies 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 EXCH ANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.