Huldra Silver Announces Amendment to Financing Terms

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 6, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES.

Huldra Silver Inc. (TSX VENTURE:HDA) ("Huldra" or the "Company") today announces that, further to its press release of January 29, 2013, it has revised the terms of the private placement financing of unsecured convertible debentures (the "Debentures") in the aggregate principal amount of up to $6,000,000 that it intends to complete in order to raise the funds necessary to make upcoming payments to the Company's lenders and for general working capital purposes. The principal amount of the Debentures will mature twelve (12) months after issuance (the "Maturity Date") and accrue interest at 16% per annum payable on the Maturity Date.

The principal amount of the Debentures and any accrued but unpaid interest thereon were originally to be convertible, at the option of the subscriber, into common shares of the Company (each, a "Share") at a price of $1.35 per Share, subject to adjustment. The revised terms provide that, at the option of the subscriber, the principal amount of the Debentures will be convertible into Shares at a price of $1.05 per Share, and any accrued but unpaid interest thereon will be convertible into Shares at the greater of (i) $1.05 per Share and (ii) the Market Price (as defined in the policies of the TSX Venture Exchange) per Share at the time of any notice of conversion, each subject to adjustment as provided by the terms of the Debentures. The principal amount of the Debentures and any accrued but unpaid interest thereon will not be pre-payable by the Company.

All other terms of the Debentures remain as provided for in the Company's press release of January 29, 2013.

None of the securities described herein have been or will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

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.

On behalf of the Board of Directors of HULDRA SILVER INC.

Ryan Sharp, MBA, President, CEO & Director