Huldra Silver Provides Update on Raise 4, Level 1 Sampling and the Upcoming Development of the Number 2 Stope

Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to
provide an update on the chip sampling results from Raise 4 on Level 1. The
Raise 4 development is associated with the upcoming mining of the Number 2
Stope. The table presented below covers 36m of exposed vein structure from the
top of the raise, down to where the raise bends away from the "C" Vein and
enters footwall stratigraphy. Mining of the Number 2 Stope is anticipated to
begin in late February, 2013.




--------------------------------------------------------------
                Sample    Length        Ag        Pb        Zn
Sample ID       Number       (m)     (ppm)       (%)       (%)
--------------------------------------------------------------
P1R4-1-1       1949301      0.30      20.4      0.11      0.20
P1R4-1-2       1949302      0.35      3042     44.37      1.75
P1R4-1-3       1949303      0.77      12.6      0.14      0.07
--------------------------------------------------------------
P1R4-2-1       1949304      0.50      39.5      0.16      0.17
P1R4-2-2       1949305      0.20       841     16.88      3.02
P1R4-2-3       1949306      0.12      6196     76.26      2.25
P1R4-2-4       1949307      0.22       446      6.05      4.46
P1R4-2-5       1949308      0.70      24.7      0.25      0.19
--------------------------------------------------------------
P1R4-3-1       1949309      0.25      20.6      0.18      0.44
P1R4-3-2       1949310      0.30       584      5.70      6.87
P1R4-3-3       1949311      0.60      4875     75.90      2.75
P1R4-3-4       1949312      0.25       356      6.11      3.43
P1R4-3-5       1949313      0.55      18.3      0.17      0.04
--------------------------------------------------------------
P1R4-4-1       1949314      0.40      45.9      0.52      0.37
P1R4-4-2       1949315      0.28       991      4.36      11.3
P1R4-4-3       1949316      0.55       387      2.82      2.69
P1R4-4-4       1949317      0.25      29.3      0.17      0.19
--------------------------------------------------------------
P1R4-5-1       1949318      0.46      20.6      0.21      0.45
P1R4-5-2       1949319      0.25       177       4.4      1.04
P1R4-5-3       1949323      0.20      3030     26.12      7.64
P1R4-5-4       1949324      0.40      55.3      0.55      0.38
--------------------------------------------------------------
P1R4-6-1       1949325      0.40      17.0      0.19      0.22
P1R4-6-2       1949326      0.23      1340      28.6      2.45
P1R4-6-3       1949327      0.22      56.5      0.67      0.47
P1R4-6-4       1949328      0.44      22.2      0.23      0.14
--------------------------------------------------------------
P1R4-7-1       1949329      0.45      20.7      0.26      0.16
P1R4-7-2       1949330      0.39       353      3.29      3.08
P1R4-7-3       1949331      0.41      12.8      0.16      0.08
--------------------------------------------------------------
P1R4-8-1       1949332      0.50      12.3      0.14      0.27
P1R4-8-2       1949333      0.28       466      5.85      9.32
P1R4-8-3       1949334      0.42      55.3      0.20      0.29
--------------------------------------------------------------
P1R4-9-1       1949335      0.35      47.0      0.13      0.37
P1R4-9-2       1949336      0.22      1680     10.52      5.98
P1R4-9-3       1949337      0.53      26.1      0.25      0.15
--------------------------------------------------------------
P1R4-10-1      1949338      0.18      2751     15.91      8.33
P1R4-10-2      1949339      1.20      24.4      0.21      0.22
--------------------------------------------------------------
P1R4-11-1      1949340      0.23      23.4      0.08      0.17
P1R4-11-2      1949341      0.18       250      2.18      5.83
P1R4-11-3      1949342      1.60      10.8      0.06      0.05
--------------------------------------------------------------
P1R4-12-1      1949346      0.96      25.1      0.19      0.08
P1R4-12-2      1949347      0.24      34.3      0.24      0.25
P1R4-12-3      1949348      0.70      20.3      0.20      0.35
P1R4-13-1      1949349      0.68       7.5      0.08      0.13
P1R4-13-2      1949350      0.36      52.7      0.73      0.75
P1R4-13-3      1949351      0.40      15.6      0.17      0.31
--------------------------------------------------------------
Samples were analysed by either ACME Labs or ALS Chemex at their Vancouver  
laboratories. ACME Labs Vancouver is an ISO 9001:2008 certified lab and ALS 
Chemex Vancouver is an ISO 9001:2000 certified lab. For samples assayed by  
ACME Labs, the samples were crushed, split and pulverised with 250g passing 
200 mesh. Initial multi-element assaying was completed using an aqua-regia  
digestion with ICP-MS. Overlimits for Pb or Zn were analysed by 4-acid      
digestion with ICP-ES. Ag overlimits were determined by 30g fire assay with 
gravimetric finish. For ALS Chemex, samples were prepared by crushing to 70%
less than 2mm, riffle splitting off 250g and then pulverising the split to  
better than 85% passing 75 microns. A 0.25g sample was then digested using a
4-acid digest and the solution was analysed by multi-element ICP-AES. Pb and
Zn overlimits were analysed using the ME-OG62 method. Ag overlimits were    
analysed by 30g fire assay with gravimetric finish.                         



Mineralisation consists of galena, sphalerite and siderite within the vein
structure. Dip on the structure varies between 50 degrees - 70 degrees.


The Number 2 Stope will be developed after the completion of: (1) the second
diamond drilling platform and (2) the development of the Number 2 Stope draw
points. It is anticipated that the second diamond drill drift will be completed
within two weeks, with 60 m of draw points for the Number 2 Stope to be
developed within the following two weeks. 


Technical information in this news release related to geology has been reviewed
and approved by Mark Williams, P. Geo. Technical information in this news
release related to mining activities has been reviewed and approved by Al
Beaton, P. Eng and Mine Manager. Mr. Williams and Mr. Beaton are each Qualified
Persons as defined in National Instrument 43-101. 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
604-647-0142
604-647-0143 (FAX)
[e-mail]
[e-mail]