3045 SOUTHCREEK RD. UNIT 11 MISSISSAUGA, ON L4X 2E9
TEL: 905.602.4653 FAX: 905.602.4656 INFO@HHSR.CA WWW.HHSR.CA
June 17, 2008 Symbol: HIHO.CNQ
Frankfurt Exchange: H9T
NEWS RELEASE
HI HO SILVER CLOSES $500,000 IN FLOW THROUGH ANNOUNCES SILVER TIP/ SILVER
PATCH EXPLORATION PROGRAMS TO BEGIN EARLY JULY
Hi Ho Silver Resources Inc. (“Hi Ho Silver” or “The Company”) is pleased to announce it has placed
833,333 flow through units of The Company’s private placement at $0.60 per unit raising a total of $500,000
with Frontier Alt Precious Metals and Energy Flow Fund Ltd Partnership. Each unit consists of one
common share and one-half of one non-transferable share purchase warrant whereby each whole warrant
entitles the holder to purchase an additional common share for a two year period following the closing at
$0.90 per share.
In addition the President/ CEO Fred Fisher purchased 150,000 shares of the $0.55 private placement with
each unit consisting of one common share and one-half of one non-transferable share purchase warrant
whereby each whole warrant entitles the holder to purchase an additional common share for a two year
period following the closing at $0.90 per share. A finder’s fee of 10% cash and 10% warrants will be paid to
MAK Allan & Day Capital Partners an affiliate of Frontier Alt who is also expected to participate in the hard
dollar financing as well. The use of the flow through funds will be used to fund aggressive summer
exploration programs of its Silver Tip/ Silver Patch property and its South Rim property, both of which are
located in British Columbia, Canada. The company would also like to report it has cancelled 600,000
directors, officers, and employee options.
As previously announced, the upcoming program for the Silver Tip property will consists of soil sampling,
geological mapping, trenching, opening up old workings, access road/trail construction, metallurgical work,
prospection, shallow drilling with portable drills and bulk sampling. The program is designed to follow up
on the successful summer/fall program conducted in 2007. The new program will be supervised by James
Thom M.Sc who brings a wealth of advanced geological expertise to the project. The field team personnel
have been assembled and will be dispatched as soon as weather permits, hopefully by early July 2008.
Silver Tip
The Silver Tip Property covers 2,600 hectares (26km2). There are no underlying royalties, agreements or
further consideration due with respect to the Property, as it is 100% owned by Hi Ho Silver Resources Inc.
The Property is located in the Kaslo area of British Columbia within the northeast section of the historic
Slocan Silver Camp where more than 75,000,000 ounces of silver have been produced between 1892 and
