Huldra Silver Inc.
TSX VENTURE : HDA

Huldra Silver Inc.

May 02, 2011 16:34 ET

Huldra Silver Inc. Welcomes Peter Espig to the Board and Announces Garth Braun has Been Appointed the New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 2, 2011) - On behalf of the directors of Huldra Silver Inc. (the "Company" or "Huldra") (TSX VENTURE:HDA), Ryan Sharp, President and CEO, is pleased to announce that Peter Espig has been appointed to serve on the board of directors of the Company. The Company also wishes to announce that Garth Braun has replaced David Chong as the Chief Financial Officer.

Mr. Espig is experienced in the analysis of investment opportunities, raising capital, deal sourcing and financial structuring. Over the past five years, Mr. Espig has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the principal side, including co-structuring Star Bulk Carriers Corp.'s acquisition of 8 drybulk carriers from TMT. In August 2006, Mr. Espig founded TriAsia Capital, a private equity and consulting firm focused on raising capital for mid-sized companies and pre-IPO investment and consulting.

Mr. Espig served as Vice-President of the Principal Finance and Securitization Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig served as Vice-President of Olympus Capital, a New York private equity firm, where he participated in corporate restructurings, investment analysis and financing negotiations for both domestic and international investments. Mr. Espig currently serves as a director of Star Bulk Carriers Corp. and Novadx Ventures Corp.

In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his MBA from Columbia Business School.

The board of directors of the Company has appointed Garth Braun to replace Mr. Chong as the Company's Chief Financial Officer. Mr. Chong will remain as a director of the Company.

Mr. Braun has been CEO and a director of Blackbird Energy Inc. since November 2009. He had previously worked as head investment banker at Gateway Securities Inc. Mr. Braun has also operated a private Canadian real estate development company for over 25 years and has served as a director of Huldra since June 28, 2010.

"I would personally like to thank David for his outstanding commitment to the Company as both an active director and officer since 1987. The wisdom and guidance he has provided has been instrumental in ensuring the Company's future growth," stated Ryan Sharp.

NEW CONTROLLER

The Company has hired Christopher Ross, B. Comm, C.G.A. as the full time Corporate Controller. Mr Ross is an accountant with 15 years of progressive experience within many industries including government, forestry, and distribution. Mr. Ross's experience includes financial accounting, audit, and taxation. Most recently Mr. Ross worked in the controllership group for a supplier and seller of nationally recognized brand-name building materials across Canada.

ISSUANCE OF OPTIONS

The Company also wishes to announce that 280,000 stock options have been granted to directors and consultants at an exercise price of $1.40 per share for a period of 5 years.

On behalf of the Board of Directors

"Ryan Sharp"
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.

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