West High Yield (W.H.Y.) Resources Ltd. Fully Endorses Draft Minister's Designation Report on the Record Ridge Critical Minerals Project

Rhea-AI Summary

West High Yield (WHYRF) has received a favorable Draft Minister's Designation Report from the Environmental Assessment Office (EAO) for its Record Ridge industrial minerals mine project in Rossland, British Columbia. The draft report concludes that the project does not require designation under the Environmental Assessment Act, as existing regulatory processes adequately address environmental concerns. The project has undergone thorough evaluation by the BC Mine Development Review Committee and secured support from the Osoyoos Indian Band. The company has provided detailed environmental data, focusing on grassland ecosystems and Mountain Holly Fern preservation, and is finalizing a Vegetation Management Plan. Stakeholders have until June 4, 2025, to provide feedback before the report is finalized.

Positive

• Project cleared a major regulatory hurdle by not requiring Environmental Assessment Act designation
• Strong partnership established with Osoyoos Indian Band, securing their formal support
• Project already passed evaluation by BC Mine Development Review Committee

Negative

• None.

Calgary, Alberta--(Newsfile Corp. - May 28, 2025) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") is pleased to acknowledge the receipt of the Environmental Assessment Office (EAO) Draft Minister's Designation Report (the "Draft Report") for the Record Ridge industrial minerals mine project (the "Project") near Rossland, British Columbia.

The Draft Report concludes that the Project does not require designation under the Environmental Assessment Act (British Columbia), as its potential environmental effects are being appropriately addressed through existing regulatory processes, including the Mines Act and Environmental Management Act (British Columbia).

The British Columbia Environmental Assessment Office has invited feedback from stakeholders by June 4, 2025, before finalizing the Draft Report into a final report and submitting it to the appropriate Minister. West High Yield has submitted its response in support of the draft findings. View the Company's Response Letter.

The Company believes the Draft Report reflects a clear and accurate understanding of the Project's scope, impacts, and the thorough review it has already undergone. The Project has already been subject to a robust evaluation by the British Columbia Mine Development Review Committee led by the British Columbia Ministry of Mining and Critical Minerals, with input from provincial agencies, Indigenous Nations, and local governments.

A cornerstone of the Project is West High Yield's strong partnership with the Osoyoos Indian Band, which has independently assessed the Project and formally expressed its support. The Company has also provided regulators with detailed supporting environmental data, with a particular focus on grassland ecosystems and the extant Mountain Holly Fern, and is currently finalizing a comprehensive Vegetation Management Plan.

West High Yield remains committed to responsible development and continued collaboration with Indigenous partners, regulators, and stakeholders as the Project advances toward final permitting.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO₂ emissions.

The Company's Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Contact Information:

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

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

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 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 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 OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253599

FAQ

What is the significance of the Draft Minister's Designation Report for WHYRF's Record Ridge project?

The report indicates the project doesn't require Environmental Assessment Act designation, as its environmental effects are adequately addressed through existing regulations, marking a significant step forward in the permitting process.

When is the stakeholder feedback deadline for WHYRF's Record Ridge project?

Stakeholders have until June 4, 2025, to provide feedback on the Draft Minister's Designation Report before it is finalized.

What environmental considerations has WHYRF addressed for the Record Ridge project?

WHYRF has provided detailed environmental data focusing on grassland ecosystems and Mountain Holly Fern preservation, and is finalizing a Vegetation Management Plan.

Which Indigenous group has partnered with WHYRF for the Record Ridge project?

The Osoyoos Indian Band has partnered with WHYRF, independently assessed the project, and formally expressed their support.