Huldra Silver Inc. Announces the Close of Two Non Brokered Private Placements for Gross Proceeds of $1,910,480 and Retention of

Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra Silver") is
pleased to announce it has closed two private placements for total gross
proceeds of $1,910,480. The first non-brokered private placement was for
1,799,000 units at a price of $0.52 per unit, with each unit consisting of one
common share and one common share purchase warrant to purchase an additional
share at $0.75 until June 22, 2012, subject to a right of call of the Company.
The second non-brokered private placement was for 1,625,000 units priced at
$0.60 per unit, with each unit consisting of one common share and one common
share purchase warrant to purchase an additional share at $0.75 until December
22, 2012. Finder's fees consisting of the issuance of an aggregate of 121,800
broker warrants, each having an exercise price of $0.75 per share and
exercisable until June 22, 2012, and a cash payment of $68,136 were paid in
connection with the financings.


The company is pleased to have Sprott Asset Management LP, on behalf of certain
funds and managed accounts, participate in these private placements for in
excess of $1 million dollars.


The proceeds will be used to advance exploration and development of Huldra's
100% owned Treasure Mountain Project and for working capital purposes. For more
information visit the Company's website at www.huldrasilver.com.


SEQUOIA PARTNERS

The Company also wishes to announce that it has retained Sequoia Partners Inc.
to provide investor relations and consulting services to the Company. Sequoia
will receive a monthly retainer of $5,000 and the Company will also issue to
Sequoia an option to purchase 200,000 common shares pursuant to the Company's
stock option plan. The options and the contract with Sequoia are subject to the
approval of the TSX Venture Exchange.


Huldra Silver is currently working on plans to put the Treasure Mountain
Project, located 3 hours east of Vancouver, BC, into development subject to
permitting and financing. 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

Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding the Company's overall business
development objectives and plans. Forward-looking statements consist of
statements that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future, and include
that the Company intends to put the Treasure Mountain Project into development.
Such statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained
in the statements. No assurance can be given that any of the events anticipated
by the forward-looking statements will occur or, if they do occur, what benefits
the Company will obtain from them. These forward-looking statements reflect
management's current views and are based on certain expectations, estimates and
assumptions which may prove to be incorrect. A number of risks and uncertainties
could cause the Company's actual results to differ materially from those
expressed or implied by the forward-looking statements, including: (1) a
downturn in general economic conditions in North America and internationally,
(2) the inherent uncertainties and speculative nature associated with silver
exploration, (3) a decreased demand for silver, (4) any number of events or
causes which may delay exploration and development of the Company's property
interests, such as environmental liabilities, weather, mechanical failures,
safety concerns and labour problems, (5) the risk that the Company does not
execute its business plan, (6) inability to finance operations and growth, (7)
inability to obtain all necessary permitting and financing, and (8) other
factors beyond the Company's control. These forward-looking statements are made
as of the date of this news release and the Company assumes no obligation to
update these forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking statements, except
in accordance with applicable securities laws. Additional information about the
Company and these and other assumptions, risks and uncertainties is available in
the Company's public filings with Canadian securities regulators, available on
SEDAR at www.sedar.com.