Huldra Silver Announces Closing of Financing, Grant of Stock Options and Receipt of Mineral Exploration Tax Credit

NOT FOR DISTRIBUTION TO THE UNITED STATES WIRE SERVICES OR DISSEMINATION IN OR
INTO THE UNITED STATES


Huldra Silver Inc. (TSX VENTURE:HDA) ("Huldra" or the "Company") is pleased to
announce that it has completed a first tranche of its previously announced
private placement financing (the "Financing"), as described in its news releases
dated January 29, 2013, February 6, 2013 and February 12, 2013, pursuant to
which it has issued unsecured convertible debentures (each, a "Debenture") in
the aggregate principal amount of $7,379,000. The Debentures have maturity dates
of February 7, 2014, February 12, 2014 and February 13, 2014 and bear interest
at the rate of 16% per annum payable at maturity of the Debenture. Pursuant to
the terms of the Debentures, and subject to adjustment, the subscribers may
convert all or any part of the principal amount outstanding under the Debentures
into common shares in the capital of the Company (each, a "Share") at a
conversion price of $1.05 per Share and any accrued but unpaid interest thereon
at the greater of $1.05 per Share and the Market Price (as defined in the
policies of the TSX Venture Exchange) at the time of conversion. The Company
expects to close additional tranches of the Financing in coming weeks. 


In connection with the closing of the first tranche of the Financing, the
Company paid aggregate cash commissions of $285,900. 


The proceeds from the sale of the Financing will be used for debt repayment and
for general working capital purposes. 


All securities issued in connection with the Financing will be subject to a
statutory four month hold period. None of the securities sold in connection with
the Financing will be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.


Huldra also announces that it has granted 500,000 stock options to certain
employees and consultants of the Company. Each option is exercisable into one
common share of the Company (each, a "Share") at a price of $0.95 per Share for
a period of five years. The options are subject to the terms of the Company's
stock option plan.


The Company also announces that it has received a mineral exploration tax credit
for the 2011 calendar year in the amount of $771,481.26.


On behalf of the Board of Directors of HULDRA SILVER INC.

Ryan Sharp, MBA, President, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Huldra Silver Inc.
Ryan Sharp, MBA
President, CEO & Director
[phone]
[e-mail]
www.huldrasilver.com