Huldra Silver Announces Closing of Additional Tranche of Financing Also Provides Update on Mill Operation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2012) -

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

Huldra Silver Inc. (TSX VENTURE:HDA) ("Huldra" or the "Company") is pleased to announce that it has completed an additional tranche of its previously announced private placement financing (the "Financing"), as described in its press releases dated September 17, October 1, October 12, and October 23, 2012, due to market demand. With the approval of the TSX Venture Exchange, the Company has issued an aggregate of 1,064,000 additional units (each, a "Unit") for aggregate gross proceeds of $1,436,400. Each Unit consisted of one common share (each, a "Share") and one half of one Share purchase warrant (with each whole warrant being, a "Warrant"). Each Warrant is exercisable into one Share at a price of $1.75 per Share for six months from the date of issuance. The closing of this additional tranche brought the final total of the Financing, which closed in various tranches between September 26, 2012 and November 14, 2012, to aggregate gross proceeds of $6,884,460.

In connection with the closing of the additional tranche of the Financing, the Company has agreed to pay aggregate cash commissions of $114,912 and to issue an aggregate of 85,120 finder's warrants, with each finder's warrant exercisable into one Share at a price of $1.35 per Share for a period of 12 months from the date of issuance.

The proceeds from the sale of the Financing will be used to increase the mill inventory from the Treasure Mountain Mine, to develop the Company's infrastructure, for debt repayment and for general working capital purposes.

The Company would also like to announce that the mill has been operational this week and is producing concentrate. The Company intends to continue to make adjustments to the mill equipment to maximize operations and recovery during normal operations.

All securities issued in connection with the Financing will be subject to a statutory four month hold period. None of the securities sold in connection with the Financing will be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

On behalf of the Board of Directors of

HULDRA SILVER INC.

Ryan Sharp, MBA, President, CEO & Director

Disclaimer for Forward Looking Statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include, without limitation, statements based on current expectations, which are not guarantees of future performance of the Company, such as the statement regarding the expected use of proceeds of the Financing and the Company's expected activities with respect to its mill. Such forward-looking information can include statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties include that factors may arise which require the Company to utilize the proceeds of the Financing for purposes other than disclosed in this release and any issues which may arise with respect to the operation of the mill. The Company can offer no assurance that its plans will be completed in the time expected or at all. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.