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02.10.2009
Chai Cha Na Mining Completes Property Acquisition Hosting New Discovery of Significant High Grade Gold and Base Metals Prospect Near Mission B.C, Canada
Chai Cha Na Mining Completes Property Acquisition Hosting New Discovery of Significant High Grade Gold and Base Metals Prospect Near Mission B.C, Canada

Chai Cha Na Mining Inc. (“Chai Cha Na” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Agreement”), subject to regulatory approval, to acquire a 100% interest from Pat Schaprickyn (“Schaprickyn”) in two claims totalling 799.67 hectares (to be named “Mission North Gold Property”), approximately 25 kilometres north of Mission, British Columbia.

The “Mission North Gold Property” is located in an area believed to have limited or no previous exploration. Recent logging in the area in the fall/spring of 2008/2009 exposed the newly discovered “Iain’s Glory High Grade Gold Vein”, where an initial sample collected by Schaprikyn identified significant gold, silver, copper, zinc and lead values as shown below:

Mission North Au Au Ag Ag Cu Zn Pb
Gold Property g/t oz/t g/t oz/t % Ppm ppm

Sample 1
(Schaprickyn) 35.4 1.03 118 3.44 6.31 2,643 594

Fred Fisher, President/CEO of Chai Cha Na states “We are excited to acquire this highly prospective gold project at a very minimal cost to the Company. While it is an early-stage exploration project, we feel the strategic location and exceptional high precious metal grades, together with the associated base metal grades and extensive existing infrastructure in an unexplored and untested area, could provide the opportunity for significant upside with a systematic and focused exploration program. We plan to commence such an exploration program as soon as possible after receiving permitting and financing. Chai Cha Na’s management team view this as an important and key acquisition for the Company and look forward to reviewing the full potential of this project.”

A representative from the Company subsequently visited the property, located the exposed vein and gathered an additional seven (7) samples for verification and assaying. The Company has received assay results from the first sample (taken from the centre of Iain’s Glory vein) and as shown returned significant results:

Mission North Au Au Ag Ag Cu Zn Pb
Gold Property g/t oz/t g/t oz/t % Ppm ppm

Sample (Chai Cha Na)
Weight: 1.36Kg 38.9 1.14 63.0 1.84 3.27 1,180 840

To view a map of the recently acquired Mission North Gold Property, pictures of a rock sample, and Iain’s Glory Gold Vein please click on the following link:

http://www.chaichanamining.com/index.php?option=com_content&view=article&id=100&Itemid=74&lang=en

Consideration for the property consisted of the following schedule (with no finder’s fees applicable):

Schedule of Option Payments Exploration Expenditures Cash Shares
Upon execution $10,000 75,000
On or before September 29, 2010 $25,000 $15,000 100,000
On or before September 29, 2011 $75,000 $25,000 200,000
Grand Total $100,000 $50,000 425,000

The Iain’s Glory gold vein, exposed by the recent development of a logging road, is located on the eastern flank of a knoll (hillside) at an elevation of approximately 245 metres. To the west the knoll climbs to an elevation of approximately 350 metres at an approximate grade of 25% and gently slopes downward to the east where it reaches an elevation of 175 metres. The terrain then climbs quickly further to the east to an elevation in excess of 1,000 metres in proximity to Mount Crickmer.

The newly discovered vein, visible on the western flank wall of the logging road was exposed with a width of approximately 1.5 metres (see Company website) and visible height of 4 metres. The gold vein appears to continue into the hillside along strike to the west and dip steeply the northwest into the hillside at approximately 75 to 80 degrees.

The vein material and assays show that the rock contains the following amounts of sulfides which includes: >0.5% - 2% Galena (Ag/Pb), 0.5 – 1.0% Sphalerite (Zn), ~ 1% Malachite/Azurite (Cu), minor amounts (<1%) Arsenopyrite (As), ~ 2 - 5 % pyrite, as well as ~0.5% chalcopyrite. All mineralization disseminated within a milky white quartz vein of an approximate width of 1.5 metres dipping sub vertically. The rock is weakly oxidized as it is proximal to surface and demonstrates minor limonite staining on the fracture surfaces. No visible gold was identified in the samples. The vein is hosted in what appears to be an igneous intrusive interpreted to be a diorite or granodiorite composition. An additional site visit and inspection of the geology and property is planned to further review this recent discovery. Further assays are pending to verify grade and mineralogy and are expected shortly.

All samples were collected and shipped to ALS Minerals (formerly ALS Chemex) of North Vancouver, BC and were subjected to ME-ICP41 and AU-GRA21 testing procedures.

Paul Reynolds, P. Geo., a qualified person as defined by National Instrument 43-
101, has reviewed and approved the technical disclosure contained in this news release.

About Chai Cha Na Mining Ltd.

Chai Cha Na Mining (CNSX: CNN) is a Canadian mineral exploration company focused on projects offering the potential for significant upside both in the precious and base metals sector. The Company has an option to earn 100% interest in the Golden Summit gold project located in southwestern British Columbia, an option to earn up to 100% interest in the Fox River Nickel property located in northeastern Manitoba, and the option to earn up to 100% on the Mission North Gold Property in southwestern British Columbia.

For more information contact:

Fred Fisher, President/CEO

Tel (905) 624-2266
Email: info@chaichanamining.com
Website at: www.cnnmining.com

Signed,

CHAI CHA NA MINING INC.

“Fred Fisher”

Fred Fisher,
President & C.E.O.

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.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. PERSONS
Forward-Looking Information:

This release may include certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that Hi Ho Silver Resources Inc. (the "Company") expects to occur, are forward-looking statements. Such statements are identified in this release by the use of words such as "will" and "expected" as well as the use of the future or conditional tense. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.



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