New Risk • Aug 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$5.9m). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$36.9m market cap, or US$26.5m). Announcement • Aug 01
West High Yield (W.H.Y.) Resources Ltd. announced that it has received CAD 1.3269 million in funding On July 31, 2026, West High Yield (W.H.Y.) Resources Ltd. closed the transaction. The company issued 300,000 Units at an issue price of CAD 0.30 for gross proceeds of CAD 90,000 in the third and final tranche. After completion of the Closing, the Company confirms that it issued a total of 4,423,000 Units for total gross proceeds of CAD 1,326,900.00 under the Offering. All securities comprising the Units issued on the Closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The Company paid a finder's fee in connection with the Offering to one finder, comprised of: (i) a cash commission of CAD 1,800.00 (being 6% of the gross proceeds of the Offering sourced by said finder); and (ii) 6,000 finder’s warrants (the "Finder's Warrants"). The Finder's Warrant will have identical terms to the Warrants. The acceptance and final approval of the Offering, remain subject to approval by the TSX Venture Exchange (the "TSXV"). Announcement • May 22
West High Yield (W.H.Y.) Resources Ltd. announced that it expects to receive CAD 1.8 million in funding West High Yield Resources Ltd. has announced a non-brokered private placement offering for the sale of up to 6,000,000 units of the Company at a price of CAD 0.30 per Unit for aggregate gross proceeds of up to CAD1,800,000.00 on May 21, 2026.Each Unit consist of one common share of the Company and one half Common Share purchase warrant. Each full Warrant, together with CAD 0.45, will entitle the holder thereof to acquire one (1) additional Common Share for a period of twelve (12) months from its date of issuance. The Warrants will not be listed on the TSX Venture Exchange. The Company may pay a finder's fee in connection with the Offering to eligible finders in accordance with the policies of the TSXV and applicable Canadian securities laws consisting of: (i) a cash commission of up to 6% of the gross proceeds of the Offering; and (ii) common share purchase warrants of up to 6% of the number of full Warrants issued under the Offering. The Finder's Warrant will have identical terms to the Warrants. The Offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable Canadian securities laws. All securities issued under the Offering are subject to a statutory hold period from their date of issue in accordance with applicable Canadian securities laws. None of the Units, Common Shares or Warrants will be registered under the United States Securities Act of 1933, as amended,
and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 
