Mr. Dennis McKnight reports

HI HO SILVER RESOURCES FAVOURABLY LOCATED IN TWO CURRENT NICKEL EXPLORATION PLAYS

Hi Ho Silver Resources Inc. wishes to provide an update on continuing exploration activity relative to its mineral holdings in both Labrador and Quebec, Canada.

Hi Ho owns 100 per cent of the historic Plugger Hill nickel occurrence located in the nickel belt of Labrador, south of the Voisey's Bay nickel mine, and a short distance from lands recently acquired by Equitas Resources Corp. Equitas has recently completed new geophysical methodology, which outlined several reported deep anomalies, and has scheduled a drilling program in that area. Earlier exploration following the Voisey's Bay nickel discovery utilized techniques that penetrated a lesser depth than the currently employed equipment and procedures.

Hi Ho also owns 100-per-cent interest in ground lying only a few kilometres from the major Grassett nickel discovery currently undergoing intense drilling to depth by Balmoral Resources. Balmoral today announced that continuing expansion drilling has successfully extended the vertical depth of the core of the H3 nickel-copper-platinum-group-element zone by over 30 per cent.

Both the Labrador and the Grassett Lake exploration project areas held by Hi Ho are in good standing until 2016 or 2017, allowing Hi Ho time to consider its exploration options.

This news release was reviewed by Dr. Stewart Jackson, PhD, PGeol, an independent qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.