December 13, 2007 16:40 ET

eResearch Issues Update Report on Hi Ho Silver Resources Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) - Hi Ho Silver could easily be renamed Hi Ho Moly as the Company is concentrating its efforts in proving up its resource status on its Carmi molybdenum property.

The property is located in the Okanagan Highlands of south-central British Columbia, near the Carmi settlement. The non-compliant historic resource estimate was 20.7 million tonnes at 0.064% molybdenum. Management's objective is to re-confirm this resource estimate with a compliant technical report.

Hi Ho Silver Resources is an early-stage exploration and development company, focused on the acquisition of properties containing molybdenum and, to a lesser extent, copper, silver, and gold. It is quoted on the (CNQ:HIHO). Management is working towards gaining a listing on the Toronto Stock Exchange.

Highlights from the report include:

- Favourable drill results at the Company's Carmi molybdenum property.

- NI 43-101 resource estimate expected by late 2007, or early 2008.

- Strong worldwide demand for molybdenum is expected to continue.

- Discovery of rare and valuable rhenium at Carmi provides added bonus.

- Recently raised $1.8 million to advance exploration.

- Early-stage sampling at Hi Ho's other properties appears positive.

- Company not well known to the investing public.

- Small share float and market capitalization.

This Press Release was prepared by eResearch and was not vetted by Hi Ho Silver Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Hi Ho Silver Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Hi Ho Silver Resources Inc. paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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