West High Yield Announces $2 Million Private Placement and Corporate Developments

CALGARY, ALBERTA--(Marketwire - April 10, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.

West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") (TSX VENTURE:WHY) is pleased to announce that it is proceeding with a non-brokered private placement of $2,000,000 of Common Shares (the "Private Placement"). In the Private Placement, the Company will issue 2,500,000 Units at a price of $0.40 per Unit for gross proceeds of $1,000,000 with each Unit consisting of one (1) Common Share and one (1) Common Share Purchase Warrant (a "Warrant"). The Company will also issue 2,000,000 Units at a price of $0.50 per Unit for gross proceeds of $1,000,000 with each Unit consisting of one (1) Common Share and one (1) Warrant. Every ten (10) Warrants together with $0.55 will entitle the holder to purchase one (1) Common Share for a period of eighteen (18) months from the date of closing of the Private Placement. A finder's fee consisting of cash in the amount of 7% of a portion of the proceeds of the Private Placement will be paid to an arm's length third party. The proceeds of the Private Placement will be used for general corporate purposes, completion of the Company's NI 43-101 Preliminary Economic Assessment ("PEA") and prefeasibility study. The Private Placement is expected to close on or before April 21, 2012.

The Company also announces that 200,000 Finder's Options issued pursuant to its June, 2011 Private Placement have been exercised for gross proceeds of $80,000. As a result of the exercise, 200,000 Common Shares were issued at $0.40 per share and 200,000 Common Share Purchase Warrants were issued. Each Warrant entitles the holder to purchase an additional Common Share of the Company for a period of fourteen (14) months at an exercise price of $0.60 until June 30, 2012 and $0.75 until June 30, 2013.

The Company also advises that it has recently completed the purchase of an additional mineral claim that is joining and contiguous to its Record Ridge Magnesium property. The additional mineral claim is 381 hectares and was purchased for a purchase price of $15,000.

As previously announced and based upon the Company's drill core results received to date, the Company is proceeding with its PEA Report in respect of the Company's Record Ridge Magnesium Project. The PEA is being prepared by SRK Consulting Engineers of Denver, Colorado and the Company anticipates that the PEA together with the related metallurgical study will be completed in the Spring of 2012. Upon completion of the PEA, the Company plans to proceed with Pre-feasibility and Feasibility Studies on its Record Ridge Magnesium Project.

The Company also announces that it terminated its Investor Relations Agreement with Macam Investor Relations. All vested and unvested stock options granted to Macam have expired.

About the Company

West High Yield is a publicly traded junior mining 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. The Company's operations are currently being conducted on its Rossland Gold Camp property located 2.5 kilometers west of the town of Rossland, B.C. The Company controls approximately 6,604 contiguous hectares of mineral and crown granted claims and is exploring for gold on its primary properties which are the Midnight, OK and IXL crown grants and for magnesium on the Company's Ivanhoe Ridge, Hidden Valley and Record Ridge properties.

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with mining exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other explorers and producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

45,520,394 Common Shares Issued