Huldra Silver Inc.
TSX VENTURE : HDA

Huldra Silver Inc.

June 16, 2010 12:43 ET

Huldra Silver Inc. Announces Appointment of New President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2010) - After 30 years and an extensive search for his replacement, Magnus Bratlien has stepped down as the President and CEO of Huldra Silver Inc. (the "Company" or "Huldra Silver") (TSX VENTURE:HDA). The board of directors of the Company has appointed Ryan Sharp, MBA, and a director of the Company, as the new President and CEO.

Mr. Bratlien is not retiring from the Company and will continue in an active role as both a director and consultant to the Company. Mr. Sharp states, "With over 50 years of mining experience and over 30 years spent on the Treasure Mountain Property, Magnus continues to be an invaluable asset to the Company and I look forward to working with him long into the future."

Mr. Sharp has been actively working with the Company to advance its Treasure Mountain Property. He brings with him seven years of experience as an investment advisor and more than ten years of senior management experience. Mr. Bratlien comments, "Ryan has the necessary skills and experience to advance the Treasure Mountain Property and to make Huldra Silver a premier silver mining company."

Huldra Silver is currently working on plans to put the Treasure Mountain project, located 3 hours east of Vancouver, BC, into development subject to permitting and financing. The Company is also actively assessing other opportunities for acquisition and development.

On behalf of the Board of Directors

Magnus Bratlien, Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's overall business development objectives and plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and include (i) that Mr. Sharp has the necessary skills and experience to advance the Treasure Mountain Property and to make Huldra Silver a premier silver mining company, and (ii) that the Company plans to put the Treasure Mountain Project into development. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with silver exploration, (3) a decreased demand for silver, (4) any number of events or causes which may delay exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company's public filings with Canadian securities regulators, available on SEDAR at www.sedar.com.

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.

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