Hi Ho Silver Resources Inc.
CNQ : HIHO
FRANKFURT : H9T

Hi Ho Silver Resources Inc.

July 15, 2008 09:25 ET

Hi Ho Silver Resources Inc. Appoints Peter Ball Director

MISSISSAUGA, ONTARIO--(Marketwire - July 15, 2008) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. RESIDENTS.

Hi Ho Silver Resources Inc. ("Hi Ho Silver" or the "Company") (CNQ:HIHO)(FRANKFURT:H9T) is pleased to announce the appointment of Peter Ball as a director of the company effective July 2, 2008. Mr. Ball brings over 20 years of mining, brokerage and investment/ corporate development industry experience to the company. Mr. Ball is a graduate of Haileybury School of Mines and Georgian Business College and has worked in various mining engineering and project development roles for numerous mining companies across Canada including Sherritt Gordon Mines, Hudson Bay Mining and Smelting, and Echo Bay Mines Ltd. in the late 1980's and 1990's.

Mr. Ball has worked in the investor/corporate relations departments for Eldorado Gold, as Manager of Corporate Development for United Bolero, and as an Investment Advisor with RBC Dominion Securities in the 1990's. Currently, Mr. Ball works as the Manager of Business and Corporate Development for two resource companies, both listed on the TSX-Venture exchange, helping to develop communication strategies, corporate financings, and new strategic business relationships.

Hi Ho looks forward to drawing upon his years of experience. The Company would also like to announce the resignation of Director Alan Savage as of July 2, 2008 after being a Director for the past year. The Company appreciates the work he has done on our behalf, but due to another directorship which will demand much of his time, he has had to resign. Hi Ho wishes him the best in his new pursuit.

The Company also would like to announce the granting of 250,000 director and employee options at the close of today's price.

Finally, The Company would also like to add that our initial exploration team arrived on the Silver Tip/ Silver Patch property on July 9th to begin the previously announced summer/fall program. They will begin by re-habilitating the old roads so that we may bring supplies and equipment in by ATV's and four wheel drive vehicles. This will save enormously on the helicopter costs used last year. The team will begin the exploration program once this is complete and should remain on the property through late September or early fall.

All prospective and current shareholders of Hi Ho Silver Resources are invited to join the company's official investment forum exclusively at PinnacleDigest.com: http://www.pinnacledigest.com/company/hiho:ca. The forum allows for investor controlled discussion with progressive feedback from other shareholders and investors. Third party reports on the company are also available at www.PinnacleDigest.com.

HI HO SILVER RESOURCES INC.

Fred Fisher, President & C.E.O.

Forward-Looking Information:

This release may include certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that Hi Ho Silver Resources Inc. (the "Company") expects to occur, are forward-looking statements. Such statements are identified in this release by the use of words such as "will" and "expected" as well as the use of the future or conditional tense. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

The CNQ Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

Contact Information

  • Hi Ho Silver Resources Inc.
    Fred Fisher
    President/CEO
    (905) 602-4653
    or
    Hi Ho Silver Resources Inc.
    Paul Venning
    Investor Relations
    (905) 602-4653
    (905) 602-4656 (FAX)
    Email: hihosilverinc@yahoo.ca
    Website: www.hhsr.ca