BRALORNE-PIONEER GOLD BELT, BRITISH COLUMBIA, CANADA

VANCOUVER, CANADA, March 12, 2015, Hi Ho Silver Resources Inc. (CSE:HHS) (“Hi Ho” or the “Company”) is pleased to announce that it has purchased four additional mineral titles, covering 81.77 hectares in the Bridge River- Bralorne-Pioneer gold belt of southern British Columbia, Canada, (the “Property”) pursuant to a property purchase agreement dated March 11, 2015 with Turnagain Resources Ltd. and 0998601 BC Ltd. (collectively referred to as the “Vendor”). This acquisition brings Hi Ho’s total land holdings in this area to 1227.64 hectares.

In consideration for 100% interest in the Property, with no retained net smelter royalty, the Company issued a total 2,000,000 common shares at a deemed price of $0.05 per share and paid $5,000 cash to the Vendor. The securities issued pursuant to the Property acquisition are subject to a hold period expiring four months plus one day from the date of issuance, which will expire on July 12, 2015.

The acquisition includes one critical tenure allowing access to historical underground workings.

This claim lies on southeast extension of the Pioneer Mine workings, and includes the access portal for the Pacific Eastern prospect (sometimes known as the Pioneer Extension) through which historical exploration and development work was conducted on the Pioneer Extension prospect. The additional mineral claims were acquired to complete the coverage of prospective land that extends six km south along the belt and along the Cadwallader fault structure as far as the Dan Tucker prospect.

Historical exploration work on the claim included an access portal and drifting to an internal vertical shaft (winze) 200 meters in depth. From there, various additional drifts and cross-cuts extend over 1500 in total length. Several quartz veins and veinlets with gold values were encountered in the workings, and in cores from the drilling of 36 holes from the underground workings. Historical work is being researched and compiled from available reports and literature to design an exploration approach to the property.

The assembled property package lies to the south of and adjoins the Bralorne and Pioneer mines, currently held by Avino Silver & Gold Mines Ltd. These mines have been in production since 1928, with a cumulative production from the Pioneer and King Mines of 5.5 million tons grading 0.5 oz/ton gold, and from the Pioneer Mine 2.5 million tons of 0.54 oz/ton gold (Church and Jones, 1999). This production was achieved from a vein system extending about 3 km in length and to a depth of 1830 meters. The property package acquired by Hi Ho extends an additional 6 km to the south on the structure.

The reader is cautioned that this property is in the exploration stage, and that no mineral resource or mineral reserves are known on the property. There can be no assurance that additional exploration will result in the discovery of a mineral resource or that if discovered such resource can be economically mined.

Case Lewis, P Geo, an independent Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

For additional information on Hi Ho Silver Resources Inc., please contact:

Dennis McKnight

President and CEO

Hi Ho Silver Resources Inc.

C.778-868-9424

Email: [email protected]

Website: www.hihoresources.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this news release.