West High Yield (W.H.Y.) Resources Ltd.
TSX VENTURE : WHY

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

May 27, 2011 09:30 ET

West High Yield Resources Retains Macam Investor Relations

CALGARY, ALBERTA--(Marketwire - May 27, 2011) -

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

West High Yield (W.H.Y.) Resources Ltd. (TSX VENTURE:WHY) ("West High Yield" or the "Company") is pleased to advise that it has entered into a consulting agreement with Macam Investor Relations ("Macam IR") to provide investor relation services, subject to regulatory and TSX Venture Exchange ("TSXV") approval. Macam IR will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of West High Yield and its activities.

The initial term of the agreement between West High Yield and Macam IR is for a six month period subject to renewal or earlier termination by either party. Macam IR will receive a monthly fee of $7,500. In addition, subject to regulatory approval, Macam IR will be granted 300,000 options at an exercise price of $0.30. The stock options have standard vesting provisions and will expire two years from the date of issuance.

West High Yield is developing a substantial magnesium resource at its Record Ridge South property near Rossland, B.C. The Company controls approximately 6,134 contiguous hectares of mineral and crown granted claims on its property. The Company has obtained a NI 43-101 Reserve Report prepared by SRK Consulting of Denver, Colorado indicating 9,160,000 gross tonnes of magnesium (7,145,000 tonnes recoverable) on the property. Visit the West High Yield website at www.whyresources.com for more information about West High Yield.

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.

42,820,394 Common Shares Issued

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 release.

Contact Information

  • West High Yield (W.H.Y.) Resources Ltd.
    Frank Marasco
    President and Chief Executive Officer
    (403) 660-3488
    (403) 206-7159 (FAX)
    frank@whyresources.com
    Calgary, Alberta

    West High Yield (W.H.Y.) Resources Ltd.
    Dwayne Vinck
    Chief Financial Officer
    (403) 257-2637
    (403) 206-7159 (FAX)
    vinck@shaw.ca
    Calgary, Alberta

    Macam Investor Relations
    Justin Cubberley
    VP, Trading & Research
    (403) 457-4290
    (403) 984-4150 (FAX)
    jcubberley@macamgroup.com
    www.macamgroup.com