-- Posted 7 December, 2011 | |

Vancouver, British Columbia – December 7, 2011 – Huldra Silver Inc. (TSX-V:HDA, HUSIF.PK) (the "Company" or "Huldra") is pleased to provide geochemical results from the 2011 exploration program at its Treasure Mountain project. The results included 124 grams per tonne Ag, 3.98 ozs/ton Ag, 0.79% Pb, 0.32% Zn, 0.78% Mn and 17.3 ppb Au in sample 315 from the Camp Zone.

The Company conducted a geochemical sampling program consisting of 671 samples focusing on two primary targets: the MB Zone and the Camp Zone. The MB Zone is approximately 800 metres northwest of the current Treasure Mountain mine workings. Surface samples were taken from an exposed area of fractured argillite in 2010 and assays were reported as high as 9,221g/t Ag (August 25, 2010 press release). The Camp Zone is in an area where a geochemical testing program conducted in 1996 identified a large soil anomaly below the Jensen Portal extending up to 1000m from the existing mine workings. Three of the samples from this program exceeded 100 grams per tonne Ag.

Maps of the geochemical results can be viewed on the Company website at: http://www.huldrasilver.com/wp-content/uploads/2011/12/Treasure-Mountain-Geochemistry-Soil-Maps-2011.pdf.

Ryan Sharp, President and Chief Executive Officer, states, "We are extremely pleased with these results as they help to further outline the exploration potential of the Treasure Mountain property. We are currently evaluating potential geophysical programs for the entire 7000 acre property to be used in conjunction with the results from these two zones in determining drill targets for 2012."

Laboratory Procedures and Quality Assurance

Soil samples were dried at 60 degrees C and sieved to -80 mesh. A 15 gram sample was digested by Aqua Regia and finished by inductively coupled plasma (ICP) mass spectrometry technique. All laboratory work was performed by Acme Analytical Laboratories Ltd's facility in Vancouver, BC.

Technical information in this news release has been reviewed and approved by Jim Cuttle, P. Geo, a Qualified Person as defined by NI 43-101. Details of the Company's Treasure Mountain property can be found in its NI 43-101 technical report entitled "Technical Report, Project Update, Treasure Mountain Property, Tulameen River Area, B.C. Canada" dated effective June 15, 2011, which is available on SEDAR at www.sedar.com.

About Huldra

Huldra is currently working on plans to put its Treasure Mountain property, located 3 hours east of Vancouver, BC, into development, subject to permitting and financing utilizing an offsite mill being constructed 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 news release.