West High Yield Updates Status of Anticipated Preliminary Economic Assessment and Clarifies Previous Disclosure

As first disclosed in 2009, and on September 29, 2011, October 27, 2011, and in
a number of subsequent news releases, the Company commissioned SRK Consulting of
Lakewood, Colorado ("SRK") to prepare a Preliminary Economic Assessment ("PEA")
in respect of the Company's Rossland, British Columbia magnesium property (the
"Record Ridge South Property"). Completion of the PEA has required the
completion of extensive metallurgical test work, which resulted in the Company
receiving a metallurgical report dated October 31, 2012, as well as a market and
pricing study prepared by Roskill Consulting Group Ltd. for magnesia dated
November 2, 2012. Both reports were immediately provided to SRK as input in
preparing the PEA. The Company expects to be in a position and has undertaken to
provide the PEA in mid February this year following technical review.


The PEA is expected to reflect additional work that was recommended to be
undertaken in the Company's "NI 43-101 Technical Report on Resources, West High
Yield (W.H.Y.) Resources Ltd. (TSX VENTURE:WHY), Record Ridge South, Rossland,
British Columbia" prepared by SRK, SRK Project Number 183201 dated February 11,
2009 (the "2009 SRK Report"), which is available on SEDAR at www.sedar.com. 


The Company wishes to clarify, restate or retract certain of its previous
disclosures concerning its mineral exploration programs in respect of the Record
Ridge South Property. In its news releases of June 24, 2011 and June 30, 2011,
the Company referred to the 2009 SRK Report in error as a "reserves report" and
reported a recoverable quantity of tonnes when the SRK Report provided estimates
only of mineral resources and not mineral reserves. In the Company's corporate
video and its September 17, 2012 corporate PowerPoint presentation, which were
posted on the Company's website and have since been revised or removed, there
was disclosed a quantity of recoverable in-situ magnesium with associated
values. The Company retracts this disclosure as it may be misleading and fails
to consider operating costs, capital costs, smelter costs and other factors
relating to the potential mining, extraction and recovery of metals. The Company
also retracts economic analysis disclosure on its website (which has since been
withdrawn by the Company) having previously posted a third party investment
analyst's report dated March 24, 2009 by Fundamental Research Corp. ("FRC
Report") containing the results of an economic analysis related to the Record
Ridge South Property. The Company retracts the economic analysis in the FRC
Report as it does not comply with NI 43-101.


In disclosing its mineral resource estimates pertaining to the Record Ridge
South Property in its PowerPoint presentation on the Company's website, the
Company did not disclose the mineral resource categories and grades as required
by NI 43-101. This information is reproduced below: 


Record Ridge South Mineral Resource Statement



----------------------------------------------------------------------------
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Resource Category     % Mg Cut-off    Total Mt  % Mg Grade Contained Mg (Mt)
----------------------------------------------------------------------------
Measured                        12        15.7        23.1              3.62
Indicated                       12        24.0        23.1              5.54
M&I                             12        39.7        23.1              9.16
----------------------------------------------------------------------------
Note: 2009 SRK Report at 15-5.                                              



Bart Stryhas, Ph.D. CPG, Principal Resource Geologist of SRK, who is independent
of the Company, is the qualified person and the author of the 2009 SRK Report.
Dr. Stryhas has approved the disclosure of the scientific or technical
information contained in this news release.


About West High Yield

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.


Reader Advisory and Forward-Looking Statements 

This press release may contain forward-looking statements, including, but not
limited to, the PEA's compliance with NI 43-101, the timing of the Company's
receipt of the PEA, the test work being conducted, the expected results and
recommendations of the PEA and mineral resource estimates relating to the Record
Ridge South Property. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or describes a "goal", or
variation of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. 


Forward-looking statements involve known and unknown risks, future events,
conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others,
the actual results of current exploration activities; delays in the timing of
SRK's review and the preparation of a NI 43-101 compliant technical report;
conclusions of economic evaluations; changes in project parameters as plans
continue to be refined; future mineral prices; as well as those factors
disclosed in the Company's MD&A. Although the Company has attempted to identify
important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events, or otherwise,
except in accordance with applicable securities laws.


47,397,894 Common Shares Issued

FOR FURTHER INFORMATION PLEASE CONTACT: 
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


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