West High hires Red Cloud for market making

Nov 30, 2022

2022-11-30 17:10 ET – News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES SIGNING OF SERVICES AGREEMENT AND TERMINATION OF MARKET-MAKING AGREEMENT

West High Yield (W.H.Y.) Resources Ltd. has engaged Red Cloud Securities Inc. (RCSI) to initiate and provide market stabilization and liquidity-related services pursuant to a letter agreement in compliance with the applicable policies of the TSX Venture Exchange.

Services agreement

For the provision of services by RCSI under the Agreement, the Company has agreed to pay RCSI a service fee equal to CAD$5,000 per month. The Agreement shall be in effect for an indefinite timeframe, unless and/or until earlier terminated by either the Company or RCSI on thirty (30) days written notice to the other. RCSI does not have any interest, directly or indirectly, in the Company, will not receive common shares or options as compensation, and does not have any present intention to acquire any securities of the Company aside from as is necessary to perform its obligations under the Agreement.

RCSI is a global mining investment bank providing extensive coverage to explorers, developers, and junior producers. RCSI head office is located at 120 Adelaide St W Suite 1400, Toronto, Ontario, M5H 1T1.

Termination of Market Making Agreement

The Company also announces that it has effectively terminated the market making-agreement with Independent Trading Group, originally announced on October 27, 2021, said termination taking effect as of November 30, 2022.

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, silica, and nickel deposit using green processing techniques to minimize waste and CO2 emissions.

The Company’s Record Ridge magnesium deposit is located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced preliminary economic assessment technical report prepared by SRK in accordance with the National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

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