August 28, 2006

The common shares of Hi Ho Silver Resources Inc. have been approved for listing on CNQ. There are approximately 15 million common shares outstanding with a public float of 3.5 million shares. The company has entered into a Mineral Property Option Agreement with St. Elias Mines Ltd. to acquire up to a 70% interest in a mineral claim group that is located in the Greenwood Mining Division of British Columbia, more specifically known as the Carmi Property. The company intends to explore for molybdenum on the Property.



Listing and disclosure documents for Hi Ho Silver Resources will be available in the CNQ Issuer Disclosure Hall



Trading Date: Thursday, August 31, 2006

Symbol: HIHO

CUSIP: 428386 10 6



Applications are being accepted for Market Makers for "HIHO". If you have any questions or require further information please contact Radhika Joseph at (416) 572-2000 X 2435 or E-mail: [email protected]