HDA

Huldra Silver Inc. ("Huldra" or the "Company") (TSX VENTURE:HDA) is pleased to
announce that it has received an additional advance of $500,000 under its debt
facility with Waterton Global Value, L.P. ("Waterton").


The advance forms a further advance under and is subject to the terms of the
Credit Agreement, as amended, entered into with Waterton on June 16, 2011, bears
interest at 5% per annum, calculated and payable on maturity, and is due on the
earlier of the date of demand by Waterton, the date that Waterton provides a new
loan to the Company or October 31, 2013. The amount to be repaid will also be
subject to a silver adjustment provision similar to the provision contained in
the Credit Agreement, unless Waterton provides a new loan to the Company, in
which case the amount to be repaid will only be principal plus interest. In
consideration for the advance, the Company agreed to pay a structuring fee of
$10,000. The agreement is subject to approval of the TSX Venture Exchange.
Waterton's additional advance and continued cooperation will make a positive
difference in the Company's immediate plans.


The Company has appointed Peter Espig, a director of the Company, as interim CEO
to replace Ryan Sharp. Mr. Sharp will continue to remain involved with the
Company, focusing on operations. Mr. Espig is experienced in the analysis of
investment opportunities, capital raising, deal sourcing, financial structuring
and corporate turnaround. Over the past ten years, Mr. Espig has structured and
raised funds for both private and public companies. Mr. Espig was an executive
in the Principal Finance and Securitization Group and Asia Special Situations
Group for Goldman Sachs Japan where he was active as in deal sourcing, analyzing
investment opportunities and corporate restructuring. Prior to his position at
Goldman Sachs, he was an executive of the New York private equity firm Olympus
Capital Holdings Asia and a leveraged finance and mergers and acquisitions
banker at Shinsei Bank. Mr. Espig sits on the boards of several public and
private companies and charitable organizations.


On behalf of the Board of Directors

Garth Braun, CFO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Huldra Silver Inc.
Garth Braun
604-647-0142
garth@huldrasilver.com
IR@huldrasilver.com

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