Vol. 77 - THE SILVER TIP

Dear member,

The markets settled down this week and actually gained ground as US stocks snapped a six week losing streak. At the forefront of this small but potentially significant upswing were 3 major US banks (Citigroup Inc., J.P. Morgan Chase & Co., Wells Fargo & Co.) who released results which beat analyst estimates. If the financial sector in North America begins to show signs of strength we expect the markets to rebound and for capital to begin entering the junior market.

It's the middle of the summer and as the markets suffer in the mid day heat, our team is growing ever more confident that the time to buy is approaching. Our insight on seasonal trading (which we've documented in past reports) has recommended May, June and July as great months to buy resource stocks. Investors with cash positions should feel very fortunate. Investors positioned in the market must demonstrate patience as we feel a turnaround is only a few months away.

The luster of Silver and Gold will continue to shine and trade at or near historic highs for an elongated time period. The markets will eventually rise and stabilize but inflation and a weak US dollar will keep the global price of these precious metals high.

This week our long time featured company Hi Ho Silver Resources (HIHO:CNQ) (H9T: Frankfurt) is set to develop and drill on their silver property, known as the Silver Tip Project. The Silver Tip Project is a personal favorite for the company's CEO, Mr. Fred Fisher. He has been a long time silver enthusiast and worked diligently on finding the ideal silver property for the company. "It seems quite obvious in light of the U.S. financial debacle of late that precious metals are and will continue to be a powerful force in the coming months and years to come; yet the general public has yet to fully grasp the upside potential of silver as it lays in the shadow of its big brother gold. With its combined industrial usages and precious metal factor, silver can and will easily provide many wise investors with far superior gains. Silver should be seriously looked at for its explosive upside, near and long term potential," stated CEO, Fred Fisher. This is the same man who predicted molybdenum would have a big run in 2006. Since then molybdenum has gone from $25.00 to a high of $35.00.

Hi Ho Silver Resources IPO'd two years ago on the CNQ which is the smallest exchange in Canada. Trading on this exchange has allowed Hi Ho Silver to trade quietly and under the radar for its first two years as they prepare to take their story and their projects to another level. Like many companies, Hi Ho Silver has dropped off slightly in past months but spent most of 2007 above $1 per share and as high as $2.14.

The Silver Tip Project

The 2008 exploration program at the Silver Tip Project officially commenced earlier this month. The Property is located in the mining friendly province of British Columbia in the Kaslo area, or the northeastern section of the historic Slocan Silver Camp. More than 75,000,000 ounces of silver have been produced in the area between 1892 and 1993.

The Silver Tip Property contains high-grade silver with assays ranging from 60 -120 oz/ton (1.8kg/t - 3.6kg/t) silver, 40% - 80% lead and 1.25% - 6% zinc. The highest silver assay from the Property is 398 oz/ton (12.0 kg/t). Gold values obtained from the Evening Star area of the Property during the Company's 2007 exploration work yielded 10.7g/t gold with 61.6g/t silver, 16.24g/t Au with 133 g/t Ag and 21.9g/t Au with greater than 100g/t Ag and zinc values range between 1.25% - 6.0%. While these assays do not conform to National Instrument 43-101 they have been provided by the Duncan Bain, P. Geo., and are generally considered reliable according to local industry standards.

To make a long story short, the exceptional results achieved during the 2007 program have led to an extensive 2008 exploration program which will consist of soil and rock sampling, geological mapping, trenching, opening up old workings, access road/trail construction, metallurgical work, prospecting, shallow drilling with portable drills and bulk sampling. Hi Ho Silver's crew arrived on the property just a few weeks ago and work has begun. Hi Ho Silver is fully financed to complete all expected work on the Silver Tip Project this summer and we are expecting results and news from this project shortly.

Latest Silver Tip Project News Release

Fred Fisher had this to say on the Silver Tip Project: