Hi Ho Silver Resources Inc. Amends Warrant Term to 2 Year

(January 20, 2012) -- Hi Ho Silver Resources Inc. (the “Company”) (CNSX:HHS; FRANKFURT:H9T) wishes to announce that the Company has further amended its private placement share offerings dated August 5 and August 9, 2011.   The amended Unit offering terms included a price reduction from $0.10 to $0.07.  Each nonflow-through and flow through unit shall now consist of one common share and one share purchase warrant (formerly one-half warrant), where each warrant is exercisable into one common share for two years from the date of the issue at an exercise price of $0.15 per unit.  The Company intends to use the proceeds from the non-flow-through private placement to pay outstanding accounts, mineral property acquisition and for general working capital purposes. The flow-through funds will be used for further exploration and drilling program on the Royal Attwood property (primarily gold and copper deposit) located in southern part of BC, and other exploration programs.

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

Dennis McKnight
President and Director
Tel: (604) 630.6788

The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document. Company information can be viewed here: www.CNSX.ca Note:  Further information regarding the Company can be found on SEDAR at www.SEDAR.com