Huldra Silver Provides Update on Stoping Results for Level 1, Number 3 Stope and the Hiring of an Additional Geologist

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2012) - Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") today provides an update on stoping results for the Level 1, Number 3 stope. Underground chip sample results have been received from Lifts 1, 3, 6 and 7. The average grade of the samples over the mined widths is 1001.1 g/tonne Ag, 1.73% Zn, 2.86% Mn and 6.58% Pb over an average width of 1.84 metres. The following table provides the results from the chip samples, diluted across the stope widths.

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Sample Width Ag Zn Mn Pb

ID # metres g/t % % %

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S3L1-1 1.77 344.4 1.33 5.15 3.66

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S3L1-2 2.02 486.5 2.28 3.69 4.08

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S3L1-3 2.23 5873.4 6.67 3.47 10.26

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S3L1-4 1.97 2517.0 1.94 3.24 12.70

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S3L1-5 1.27 947.8 4.77 3.54 10.35

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S3L1-6 2.01 705.2 2.21 2.82 10.73

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S3L1-7 1.31 164.2 0.27 2.17 1.01

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S3L1-8 1.79 1046.0 1.72 2.89 11.37

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S3L1-9 1.69 261.9 0.20 2.08 1.31

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S3L1-10 1.57 732.0 1.05 1.68 6.84

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S3L3-1 1 3749.5 3.07 1.65 22.81

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S3L3-2 1.65 537.4 1.47 2.40 3.91

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S3L3-3 1.8 226.1 0.28 1.44 0.91

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S3L3-4 1.5 490.3 0.51 3.36 5.82

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S3L3-5 2.05 1760.1 2.13 5.29 10.06

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S3L3-6 1.6 1332.4 1.55 4.59 7.42

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S3L3-7 1.8 1294.8 1.82 3.64 10.25

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S3L3-8 2.23 891.3 0.56 2.39 2.20

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S3L3-9 1.88 1437.8 1.27 1.54 12.80

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S3L3-10 2.3 636.4 1.90 2.40 5.38

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S3L3-11 2.1 2663.4 1.76 4.15 19.77

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S3L3-12 1.5 1581.9 3.62 4.23 6.94

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S3L3-13 1.39 939.2 0.37 2.66 10.33

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S3L6-1 1.07 720.2 1.61 5.27 1.92

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S3L6-2 1.76 598.7 2.92 1.52 5.16

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S3L6-3 1.31 14.2 0.50 0.56 0.33

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S3L6-4 1.34 1565.9 0.77 1.05 11.86

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S3L6-5 1.78 992.7 0.81 2.77 5.50

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S3L6-6 2.14 438.4 1.12 7.69 2.01

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S3L6-7 2.26 1007.1 1.93 1.54 6.42

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S3L6-8 1.38 65.4 0.91 1.09 0.87

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S3L6-9 1.76 1443.0 2.72 1.37 7.98

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S3L6-10 2.04 2435.1 2.53 2.64 30.05

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S3L6-11 1.86 889.7 5.76 3.60 8.28

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S3L6-12 1.9 509.6 1.47 1.30 2.41

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S3L6-13 1.72 485.3 0.06 1.90 2.85

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S3L7-1 2.20 126.2 0.07 6.11 2.12

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S3L7-2 2.00 267.9 0.37 0.59 1.46

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S3L7-3 1.30 6.3 0.03 0.33 0.05

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S3L7-4 1.45 830.4 1.53 4.09 3.95

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S3L7-5 2.30 862.4 1.04 1.49 6.83

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S3L7-6 2.00 1059.6 4.06 3.91 6.08

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S3L7-7 1.90 904.4 0.79 1.57 8.31

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S3L7-8 2.04 151.2 0.38 1.20 2.23

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S3L7-9 2.22 501.3 0.82 2.85 3.43

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S3L7-10 1.97 2064.2 6.09 4.82 7.53

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S3L7-11 2.10 257.7 3.28 2.00 2.15

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S3L7-12 2.35 45.8 0.35 3.11 0.50

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S3L7-13 3.35 190.3 0.16 3.02 1.35

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Note: The samples are taken on 5 metre intervals across the full width of the underground stope. The samples are for estimated mining grade purposes only. The actual grade of the material will be determined during mill processing. In the table, within the "Sample ID #" column, "S3" refers to Stope 3; "L(i)" refers to the Lift number and "-(i)" refers to the chip sample location.

All samples were delivered by truck to Acme Analytical Laboratories' facility in Vancouver, BC, where the sample was crushed, split and pulverized to -200 mesh. A 0.5 gram portion of the pulp was then digested in hot aqua regia and analyzed for 31 elements by ICP MS method. Over limits for Ag were by fire assay with gravimetric finish, and for Pb, Zn and Mn by multi-acid digestion and ICP ES finish.

Huldra is also pleased to announce the hiring of Mark Williams, P. Geo., to the position of Senior Geologist. Prior to joining the Company, Mr. Williams worked in Canada, New Zealand and Australia, most recently at Alexco Resource Corp.'s silver-lead-zinc Bellekeno Mine in the Yukon. He has several years' experience in narrow vein precious metal extraction and resource delineation, including in-mine and near mine exploration.

The Company also wishes to announce that 1,435,000 stock options have been granted to certain directors, officers, employees and consultants under the Company's stock option plan. The stock option plan was re-approved by shareholders on August 7, 2012 and is available on SEDAR.

Technical information in this news release has been reviewed and approved by Mark Williams, P. Geo., a Qualified Person 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.

On behalf of the Board of Directors

Ryan Sharp, MBA

President, CEO & 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 NEWS RELEASE.

Contact:
Ryan Sharp
Huldra Silver Inc.
President, CEO & Director
604-647-0142
ryan@huldrasilver.com
IR@huldrasilver.com

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