Hi Ho Silver: New President's Message

Dear Fellow Shareholders,

Just extending a greeting to all our shareholders and potential shareholders and updating everyone on our accomplishments this year to date and what to look forward to from Hi Ho for the remainder of 2008.

The company’s main project remains the Carmi Moly Project located in south central B.C between Kelowna and Penticton. Hi Ho has spent 2 million to date on this project with a total of 33 drill holes conducted by Hi Ho along with 188 historic drill holes. Most of the drilling was conducted with the E Zone as it had the most historical work done on that area. Therefore this zone provided the quickest route to developing an economic 3D asset with a current National Instrument 43-101 Compliant report. We have been highly disappointed at the time it has taken for this report but we do expect it very shortly. Once the initial calculations have been made public the company has 45 days to publish the full report. This initial calculation can and will be expanded through further drilling. Both the E Zone and the Lake Zone are both open in all directions to expansion.

The beauty of the Carmi property remains its excellent infrastructure. It lies right off highway 33, the deposit starts just below surface, it’s in a plateau and can be worked year round, and it has access to any electrical and hydro facilities needed. Unlike many other B.C. projects located in mountainous regions this keeps exploration and development costs to a minimum and ultimately will keep the cut off grade low.

A hidden gem in the HI HO Silver property stable in our Silver Tip and Silver Patch projects near Kaslo, B.C. The area has produced 75,000,000 ounces of silver over the years and with the Hughes/Lang group and Klondike Silver in the area we believe it will be a hot bed of activity this summer and many more to come.

A team will be dispatched to the property early July and will remain there all summer conducting soil and rock sampling, shallow drilling and bulk sampling to follow up last years successful fall program. Two hundred & fifty thousand has been committed to this program. This largely underdeveloped gem could unearth some very nice surprises for Hi Ho this summer. Hi Ho controls 100% interest in these properties.

We will also be conducting a late summer program on the highly prospective South Rim moly project in Northern B.C. near Houston. Last fall high grade copper/molydbenite samples were recovered from ground rock which had fallen from the sides of the mountain. This summer up to $250,000 will be spent on this program to find and trace the source of these with a qualified geologist who is a skilled rock climber. Based on these future results we will have a much better idea of how to attack the property in 2009!

Our final property is the TASCO project located in the Williams Lake of B.C. near Taseko mines and Galore Resources. We have not yet detailed a summer work program for TASCO and will monitor the progress of nearby companies as well as utilize the data received from this past winters airborne and geophysical program.

We are looking forward to a fruitful and productive remainder to 2008 in light of a difficult junior mining environment and hope to reward our shareholders by building our corporate assets.

Hope you have found this update enlightening and rewarding and we always encourage any current shareholder or potential shareholder to contact us at (905) 602 4653, or visit our website at www.hhsr.ca!

Best Wishes,

Fred Fisher
President/CEO