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Huldra Silver Releases Diluted Grades for Raise 4, Level 1-Treasure Mountain Mine

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/01/13 -- Huldra Silver Inc. (TSX VENTURE:HAD) ("Huldra" or the "Company") is pleased to provide diluted grade calculations for the recently released Raise 4, Level 1 chip sampling results at the Treasure Mountain Mine. The grades have been diluted over 1.5m mining widths. 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.

Location       Width (m)    Ag (g/t)      Pb (%)      Zn (%)
P1R4-1               1.5      1145.4        16.7         0.7
P1R4-2               1.5      1295.6        16.9         1.6
P1R4-3               1.5      3124.9        48.2         3.1
P1R4-4               1.5       363.5         2.1         3.4
P1R4-5               1.5       639.2         6.0         1.9
P1R4-6               1.5       321.9         6.7         0.7
P1R4-7               1.5       107.1         1.0         0.9
P1R4-8               1.5       118.7         1.4         2.2
P1R4-9               1.5       319.1         2.0         1.2
P1R4-10              1.5       457.7         2.7         1.5
P1R4-11              1.5        43.6         0.3         0.8
P1R4-12              1.5        25.6         0.2         0.2
P1R4-13              1.5        20.3         0.3         0.3

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.

Technical information in this news release related to geology has been reviewed and approved by Mark Williams, P. Geo. Mr. Williams is 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.

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

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.

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