Company Overview Property Details Magnesium Discovery Magnesium British Columbia, Canada Discovery July 2009 Outlook
2 Disclaimer Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward ‐ Company looking statements under applicable securities laws and necessarily Overview involve risks associated with mining exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers and ability to access sufficient capital Property from internal and external sources. As a consequence, actual results may Details differ materially from those anticipated in the forward ‐ looking statements. Disclaimer: The nickel values reported above include nickel in both Magnesium sulphide and non ‐ sulphide minerals as total nickel. Discovery The TSX Venture Exchange has neither approved nor disapproved of the contents of this new release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Outlook
3 Capital Structure Current Price* $ 0.45 Company 52 Week Low ‐ High $ 0.09 ‐ $ 0.64 Overview Shares Issued (Basic) 40,820,794 Market Capitalization $ 18.8 million Property Insider Ownership 62% Details Exchange Listing TSX ‐ V: WHY Profile: Magnesium Discovery West High Yield is engaged in the acquisition, exploration and development of mineral resource properties in Canada. The company’s primary objective is to delineate and develop its gold and magnesium project in Rossland, British Columbia Outlook *As at 07/09/09 TSX ‐ V: WHY
4 Corporate Highlights • W.H.Y has built a dominant land position of approximately 2,750 contiguous hectares in the previously fragmented Rossland Company Mining Camp of B.C. Overview • W.H.Y’s 2007 drill program resulted in the discovery of a high grade magnesium resource of 39.8 million tons averaging 23.1% Mg Property • 43 ‐ 101 report and liberation study demonstrate large size and Details efficient extractability of magnesium metal • Current magnesium resource can be significantly increased with additional drilling Magnesium • Property also contains a high ‐ grade gold vein system that W.H.Y. Discovery is currently drilling • Economic viability enhanced by existing roads and ample infrastructure surrounding the Rossland Camp Outlook Potential to be the only magnesium producer in Canada
5 Management and Officers • Frank Marasco Jr. ‐‐‐ Director, President and CEO Mr. Marasco is the founder of W.H.Y. He is also the current President and Company Director of Big Mountain Development Corp. Ltd., and a founder and director Overview of both Wave Form Energy Oil and Gas, and Pacific Cascade Minerals. • Craig Robson ‐‐‐ V.P. Corporate Development Mr. Robson has over 30 years of experience in public company management, specifically in the realms of regulatory, compliance and risk management. Property • Dwayne Vinck ‐‐‐ Chief Financial Officer Details Mr. Vinck, independent financial consultant and Chartered Accountant, has over 20 years of experience. He has been CFO and Director of Unitech Energy Resources Inc. since May 2007 and Director of Sulfur Recovery Engineering since January 2007. Magnesium • Hun Kim ‐‐‐ Geologist, P. Geo., P. Eng. Discovery Mr. Kim has been a geological professional and independent consultant for 32 years, both domestically and internationally. He is a graduate of Seoul National University holding a Bachelor of Applied Science degree and a Master of Science(1962) Outlook Experienced Management Team
6 Board of Directors • Patricia L. Nelson ‐‐‐ Director Ms. Nelson is experienced in both the private and public sectors. She is a Company former Minister of Energy for the province of Alberta and is currently CEO of Overview the Calgary Health Trust. She has served as Manager of Financial Control at Suncor Inc. as well as Controller at Sabre Petroleum Ltd., Petroterra Natural Resources, and Capital Engineering Ltd. • Ross O. Drysdale LLB. ‐‐‐ Director Property Details Mr. Drysdale is a lawyer and counsel to Burnstall Winger LLP in Calgary, Alberta. He brings over 30 years experience in the legal profession and has specialized in corporate and business law with a particular focus on public companies. Magnesium Discovery • Ian F. T. Kennedy Mr. Kennedy brings over 30 years experience in venture capital and investment banking activities. He was President of Canada Development Corporations’ venture capital fund, President of the VASE fund, and Chairman Outlook of Helmsdale Financial Corp. Board Brings Diversity of Experience
7 Rossland Mining Camp History • High ‐ grade gold discovery led to the opening of the Rossland Gold Camp at the start of the gold rush in 1885 Company Overview • The camp was originally divided amongst several owners but was later consolidated by the company now called Teck Resources Ltd. Property • Rossland camp has produced a total of 2.7 million Details ounces of gold in its lifetime at an average grade of 13.3 grams per ton • West High Yield’s claims cover two ultramafic bodies on Magnesium the south ‐ west side of the Rossland camp which have Discovery been explored for both precious and base metals throughout the last century Outlook Source:Allen, Gary M. Geochemical Assessment Report on Rossland Claims. July 31, 2008 Established Mining Community
8 Property Location & Accessibility Company Teck Smelter Overview Property Details WHY Property Magnesium Rossland Discovery 300 km 3 km Outlook 8 km North of Canada ‐ US border
9 Local Infrastructure • The Rossland mining camp is located 7.5 kilometers south ‐ west of Rossland, British Columbia Company Overview • W.H.Y. has 62 square kilometers of land comprised of 28 claims that include the Midnight, June, Golden Butterfly, OK and IXL claims Property Details Existing Infrastructure: ‐ Established roads ‐ Electrical power Magnesium ‐ Water Discovery ‐ Natural gas ‐ Nearby smelter (Trail, BC) Outlook Existing Infrastructure = Economic Advantage
10 W.H.Y.’s Rossland Gold Project • Past production of the Midnight, OK and IXL Company claims totals 34,000 ounces of gold at an average Overview grade of 2.96 ounces per ton • West High Yield’s 2007 drilling campaign Property returned significant results that include: Details Length Grade Au (feet) (oz/t) 6.0 11.2 Magnesium Discovery 3.0 40.1 3.0 51.0 6.0 75.0 3.5 40.9 Outlook Potential for high ‐ grade gold resource
11 W.H.Y.’s Magnesium Discovery • West High Yield began drilling high grade magnesium in Company the second quarter of 2007 Overview • High grade magnesium mineralization of up to 27.7% was encountered over significant widths of up to 235 meters Property Details • The magnesium bodies are stacked, close to surface, and remain open at depth*** Magnesium • WHY retained SRK consulting to complete a 43 ‐ 101 Discovery report including a resource calculation • Resource consists primarily of serpentine/olivine ore Outlook WHY discovered consistent high grade magnesium
12 43 ‐ 101: Magnesium Resource The Project resource estimation is based on information from 51 diamond core drill holes totaling 6,340 metres with 3,874 assays Company Overview Table 1: Record ridge South Mineral Resource Statement Resource Tonnage Mg Grade (%) Contained Mg Cut ‐ Off Property Category (Mt) (Mt) (% Mg) Details Measured 15.7 23.1 3.62 12 Indicated 24.0 23.1 5.54 12 Magnesium Discovery Measured & 39.8 23.1 9.16 12 Indicated Outlook 43 ‐ 101 revealed sizable magnesium resource
13 43 ‐ 101: Interpretations and Conclusions • The deposit remains open in several directions Company and further drilling will likely expand the known Overview magnesium mineralization • There is also potential for the addition of other Property magnesium resources with the claims held by Details West High Yield, specifically in the Ivanhoe Ridge South area Magnesium • Further diamond drilling recommended at both Discovery the Record Ridge South and Ivanhoe Ridge South Outlook 43 ‐ 101 recommended further drilling of high grade zones
14 Magnesium Liberation Study • West High Yield retained Met ‐ Solve Laboratories to Company complete a liberation study in 2008. Overview • The study provided encouraging results: – 12 kilograms of drill core were tested in different ways including gravity, flotation, magnetic separation, and acid Property leaching. Details – The cores, which averaged 26% magnesium and 0.23% nickel provided an 84.5% extraction using sulphuric acid Magnesium – Due to encouraging results, an additional 200 kilograms Discovery were sent to the lab and 78.6% of the magnesium was extracted using hydrochloric acid Outlook – Results point toward an electrolytic processing method Liberation studies provided encouraging results
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