HI HO SILVER SIGNS AGREEMENT TO PURCHASE PROPERTY ADJACENT BALMORAL RESOURCES’ NICKEL DISCOVERY, NORTHWESTERN QUEBEC, CANADA

Jun 6, 2014

Vancouver, Canada, June 5, 2014, — Hi Ho Silver Resources Inc. (“Hi Ho”) or the “Company” (CSE:HHS) is pleased to announce that it has entered into a property purchase agreement dated June 2, 2014 with Rusty V Resources and 0998601 B.C. Ltd. in which the Company has agreed to purchase the 1,100 hectare Grasset Dome Property, adjacent to the recent nickel-copper-platinum group element (Ni-Cu-PGE) Grasset discovery of Balmoral Resources Ltd.

The property consists of three mineral claim applications within the Detour trend of the Abitibi

Region of northwestern Quebec, Canada. The property is believed to be prospective for Ni-Cu-PGE deposits, gold deposits and copper-zinc-gold-silver volcanic massive sulphide (VMS) deposits.

In consideration of the 100% interest in the property and subject to the approval of the Canadian Securities Exchange, if required, the Company has agreed to issue a total of 6,000,000 common shares at deemed price of $0.05 per share, which will be allocated to Rusty V Resources as to 4,000,000 shares and 0998601 BC Ltd. as to 2,000,000 shares. There will be no net smelter returns royalty (NSR) retained by the property vendors. In connection with the purchase of the property, the Company has agreed to pay a finder’s fee payable by the issuance of 600,000 common shares. to George Sookochoff and Monte Cristo Inc.

Hi Ho is planning a geological and geophysical evaluation of the property from available data, in anticipation of an exploration program this season. The property is accessible by logging roads in well-drained terrain which has been largely logged-over in recent years. Hi Ho’s technical team has extensive experience within the komatiitic ultramafic units that stretch across the mineral belts of the Abitibi Region of Ontario and Quebec.

Dr. S.A. Jackson, P. Geo., a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

http://www.hihoresources.com/news-releases