Huldra Silver Announces That It Has Received US$2,228,043 From Smelter Payments and Provides an Update on the Status of the M...

Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to
announce it has received US$2,228,043 in smelter payments since it began
shipping concentrates in November 2012. The Company is also pleased to provide
an update on the Merritt Mill and the Treasure Mountain Mine, British Columbia,
Canada. 


The Company continues to see significant monthly increases in production and
shipments of concentrates. Since the modifications made to the crushing circuit
and screening of mill feed announced on February 5, 2013, 55.1 dry metric tonnes
of lead/silver concentrate and 53.9 dry metric tonnes of zinc concentrate were
shipped to the smelter for the first lot period of the month, being February 1
to February 15, 2013. The Company has received 85% provisional payments for the
first lot period totaling US$445,061 plus HST. In the second lot period, being
February 15 to 27, 2013, an estimated 96 dry metric tonnes of lead/silver
concentrate and 58 dry metric tonnes of zinc concentrate were shipped to the
smelter. Once the 85% provisional payments for the second lot period have been
received, a February provisional monthly total will be released. The total
smelter payments received up to and including the first lot period are
US$2,228,043, including all provisional payments and any final payments received
to date. All payments are made pursuant to the previously announced concentrate
purchase agreements. Provisional payments are based on the best available
information at the time of invoicing. Final payments are subject to adjustment
based on independent assay results and metal prices.


The Company continues to make adjustments to the mill equipment and processes to
maximize metallurgical recovery and throughput. Since the last update, the
gravel screening plant allowed for a significant increase in throughput.
Permanent adjustments to the crushing circuit have also been implemented to deal
with higher moisture content. We expect that the temporary screening can be
discontinued in the near future due to the permanent changes that have been
implemented. There are still minor modifications and adjustments being made to
the equipment and processing that requires brief stoppages. However, the total
utilization of the mill continues to increase and we expect monthly production
of concentrates will continue to increase. The Company expects to announce
commercial production in the first quarter of 2013. 


To date, a total of 18,000 tonnes of mill feed has been transferred from the
Treasure Mountain Mine to the Merritt Mill site. The Company is currently
trucking approximately 185 tonnes per day from the stockpiled mill feed from
level 1, stope 1, and once that is completed, the Company will begin hauling
mill feed from the level 1, stope 3. 


The underground drill program is planned to commence by March 15, 2013. Two
diamond drill platforms totaling 174m in size have been constructed. A drill
contract for the 4,400m underground diamond drill program has been signed. 


The Company has completed 150m of raise and bulkhead development for upcoming
mining of level 1, stope 2, which is the third stope to be mined from the
uppermost level of the mine. Development of the drawpoints for stope 2 is
complete, with 78 metres of drawpoints completed. The first lift of mining
within stope 2 has already been drilled in preparation for production. Based on
current development rates, Huldra expects to commence mining of stope 2 on or
around March 6, 2013. 


Information in this news release, related to the underground diamond drill
program, has been approved by Mark Williams, P. Geo. Information in this news
release related to mining activities has been approved by Al Beaton, P. Eng and
Mine Manager. For more information about the Company's Treasure Mountain
Property, see the technical report entitled "Technical Report, Project Update,
Treasure Mountain Property" dated June 7, 2012, available under Huldra's profile
on SEDAR at www.sedar.com.


About Huldra

Huldra is currently mining at its Treasure Mountain Project, located three hours
east of Vancouver, BC, utilizing an offsite mill for processing mill feed at the
Company's property outside of Merritt, BC. 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Huldra Silver Inc.
Ryan Sharp
President, CEO & Director
604-647-0142
604-647-0143 (FAX)
[e-mail] or [e-mail]
www.huldrasilver.com