Huldra Silver Announces Private Placement

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


Huldra Silver Inc. ("Huldra" or the "Company") is pleased to announce that it
has arranged a non-brokered private placement financing (the "Offering"),
consisting of the issuance of up to 3,300,000 units (each, a "NFT Unit") at a
price of $0.30 per NFT Unit for gross proceeds of up to $990,000 and up to
7,500,000 units (each, a "FT Unit") at a price of $0.40 per FT Unit for gross
proceeds of up to $3,000,000. 


Each NFT Unit will consist of one common share of the Company (each, a "Share")
and one non-transferable common share purchase warrant (each, a "Warrant"), with
each Warrant entitling the holder to acquire one Share (each, a "Warrant Share")
at a price of $0.40 per Warrant Share for a period of two years from the closing
of the Offering. 


Each FT Unit will consist of one common share of the Company (each, a "FT
Share"), issued on a "flow-through" basis pursuant to the Income Tax Act
(Canada) and one-half of one non-transferable common share purchase warrant
(each whole warrant, a "FT Warrant"), with each FT Warrant entitling the holder
to acquire one Share (each, a "FT Warrant Share") at a price of $0.50 per FT
Warrant Share for a period of two years from the closing of the Offering. 


All securities issued in the Offering will be subject to a statutory hold period
expiring four months and one day after closing of the Offering. Completion of
the Offering is subject to a number of conditions, including, without
limitation, receipt of all regulatory approvals, including approval of the TSX
Venture Exchange. The Company may pay finder's fees in connection with the
Offering. The terms of the finder's fees, if any, will be announced once
settled. 


The Company intends to use the proceeds from the sale of the Offering to advance
the Treasure Mountain project, for resource exploration, for repayment of debt
and for general working capital purposes. 


Ryan Sharp, President and CEO states "We are fully committed to advancing the
Treasure Mountain Project forward and maintaining all of our corporate
objectives to continue to add long-term shareholder value". 


None of the securities sold in connection with the Offering 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 press 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. 


About Huldra 

Huldra Silver is a fully integrated silver mining, exploration and development
company. The Company is currently mining at its Treasure Mountain Project,
located three hours east of Vancouver, B.C, utilizing its offsite mill for
processing mill feed at the Company's property outside of Merritt, B.C. The
Company is also actively assessing other opportunities for acquisition and
development.


On behalf of the Board of Directors

Ryan Sharp, MBA, President, CEO & Director 

Disclaimer for Forward-Looking Information: Except for statements of historical
fact, this news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that
certain events or conditions "may" occur. In particular, forward-looking
information in this press release includes, but is not limited to, statements
with respect to the expectations of management regarding the proposed Offering,
expectations of management regarding the use of proceeds of the Offering,
renunciation of an amount equal to the proceeds from the sale of FT Units in
favour of the holders of FT Units, closing conditions for the Offering, the
expiry of hold periods for securities distributed pursuant to the Offering, and
TSX Venture Exchange approval of the proposed Offering. Although Huldra believes
that the expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will prove to be
correct. Such forward-looking statements are subject to risks and uncertainties
that may cause actual results, performance or developments to differ materially
from those contained in the statements including, without limitation, the risks
that the Huldra may not complete the Offering on terms favorable to Huldra or at
all; the Exchange may not approve the Offering; the proceeds of the Offering may
not be used as stated in this press release; that the funds raised from the sale
of the FT Units may not be renounced in favour of the holders of FT Units; and
that the parties may be unable to satisfy all of the conditions to closing the
Offering. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Huldra Silver Inc.
Ryan Sharp
604-647-0142
[e-mail]
[e-mail]
www.huldrasilver.com